Current Liabilities

Current liabilities are short-term financial obligations that we have to pay within one year. In CapiPlan Books, current liabilities represent the short-term obligations that a business must pay within a specific period (usually within one year). These are amounts the company owes to others and are recorded to track financial responsibilities and cash outflows. For example. Account payables, tax payables, short-term loans, etc.

The purpose of liabilities section

• The user will help track all amounts your business owes (short-term obligations).  

• Provides a clear view of financial responsibilities like payables.  

• Supports cash flow planning and liability management.  

• Ensures proper financial reporting and compliance. 

Located 

First go to the navigation bar; click on it. It shows you a list of different modules below. There is a seventh one head, i.e., charts of accounts.  

Click on the chart of accounts module; it will show you a list of subheads below.

Here you can see different subsections given here. It includes non-current assets, current assets, current liabilities, profit & loss, and opening balances. In order to add liability, click on the current liability module.