Current Liabilities

In the Financial Manager, current liabilities are the obligations that are due within one year.

The calculation for current liabilities is

Accounts Payable + Other Current Liabilities

where:

Accounts Payable = the sum of all Accounts Payable account types

Other Current Liabilities = the sum all Other Current Liabilities account types

Example

If accounts payable are $35,000 and other current liabilities are $20,000, then current liabilities are $55,000.

The calculation for this example is

$35000 + $20000 = $55000