What is current assets in SAP SBO - SAP Business One?

SAP Term: current assets

• Component: SBO

• Component Name: SAP Business One

• Description: The collective name of short-term assets that are in the possession of a company. These assets can be converted into liquid funds at short notice and used to meet liabilities. In the balance sheet, the current assets are shown separately.

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• Key Concepts: 
  Current assets are assets that are expected to be converted into cash within one year. In SAP Business One (SBO), current assets are recorded in the balance sheet and include items such as cash, accounts receivable, inventory, and prepaid expenses. 
  
  How to use it: 
  In SBO, current assets are recorded in the balance sheet and can be tracked over time. To view current assets, go to the Balance Sheet report in SBO and select the “Current Assets” tab. This will display a list of all current assets and their corresponding values. 
  
  Tips & Tricks: 
  It is important to keep track of current assets as they can be used to measure the liquidity of a business. Additionally, it is important to ensure that all current assets are accurately recorded in SBO in order to get an accurate picture of the business’s financial health. 
  
  Related Information: 
  Current assets are just one type of asset that can be tracked in SBO. Other types of assets include fixed assets, intangible assets, and non-current assets. Additionally, liabilities can also be tracked in SBO and should be taken into account when assessing a business’s financial health.