The main difference between current and non-current liabilities is their expected repayment period. Current liabilities are expected to be repaid within a short period of time, while non-current liabilities are expected to be repaid over a longer period of time. This distinction is important because it affects a company's liquidity and its ability to pay its obligations in the short term.
What is Finanshels?Setting up a good small-business bookkeeping system can be an involved process, especially if you’re not an experienced bookkeeper. Rather than spending enormous time and effort on getting your books up and running, consider turning to Finanshels for help. We’ll set up your bookkeeping system to ensure that your business is starting off right – and we’ll save you a huge amount of stress.Want someone to help you organize your bookkeeping system? Try Finanshels
