oboloo Glossary

Accounting Current

oboloo Glossary

Accounting Current

Accounting current is the amount of money owed by a company to its creditors, plus any accounts payable outstanding. In other words, it’s all the short-term debt a company must pay within the next year. Understanding the scope and scale of a company’s accounting current is essential to gaining insight into its financial health. Knowing how much money a business has due in the near future can help you make better decisions about lending or investing in them – so don’t be afraid to ask questions and get educated. Businesses depend on sound accounting practices – so if you want to stay ahead of the game, dive into the numbers and understand your company’s accounting current today!