Is it acceptable to pay a vendor this year for materials that will not be receipts until next year. This is for capital projects not the operations section of a company. We are wanting to spend the capital budgeted dollar's for projects that were delayed this year due to operations not getting their work completed timely.
Our Board of Directors may not allow these capital dollars to be pushed into next year if we do not show at least partial payments before December 31st.
Thank you for your help. If you could site your information it would be very helpful.