Forex Trading

Having a better understanding of liabilities in accounting can help you make informed decisions about how to spend money within your company or organization. FreshBooks Software is a valuable tool that can help businesses efficiently manage their financial health. Liabilities are one of 3 accounting categories recorded on a balance sheet, along with assets and equity. This includes interest meaning …

All other liabilities are classified as long-term liabilities or non-current liabilities on the balance sheet. These two classifications appear in the following example balance sheet. Accrued Expenses – Since accounting periods rarely fall directly after an expense period, companies often incur expenses but don’t pay them until the next period. The current month’s utility bill is usually due the following month. …