™ can help. We are expert bookkeepers that can help your small business with its bookkeeping needs. Here’s a short explanation of what Current Assets means. If we can be of more help explaining what Current Assets is or if we can help you with any of your small business bookkeeping needs, give us a call at 888-552-6657 (888-55Books)™ provides a way for small businesses to have outsourced bookkeeping at a significant savings. We provide our clients with pre-printed envelopes. You stuff the envelopes and our expert team does the rest with detailed reports and timely compliance support. Not to mention, you now have a team of experts at your disposal should you have questions or last-minute needs. Let’s start with answering what Current Assets means:

Current assets are defined as any asset that is reasonably expected to be converted into cash in one year or less, during normal business.

Current assets provide liquidity to a business.

Current assets include: cash and cash equivalents, most accounts receivable, and short-term investments.

It is important to maintain sufficient current assets to meet the financial short-term needs of a company.

Need more information or help? Don’t hesitate to give us a call right now at 888-55Books.

All initial consultations are free. Call a Helpful Human today!”[Back to Accounting Terms]