How can I add household members to my account?
Last Updated: 24 July, 2025Click on Household members, enter individual email id in text box which says Email and click on “Invite” button. An email would be sent to the individual asking them to register themselves on the platform. By default, all invited household members...
How Do I Know If Something Is an Asset?
Last Updated: 24 July, 2025An asset is something that provides a current, future, or potential economic benefit for an individual or other entity. An asset is, therefore, something that is owned by you or something that is owed to you. Therefore, a £10 note,...
How Liabilities Work?
Last Updated: 24 July, 2025In general, a liability is an obligation between one party and another not yet completed or paid for. In the world of accounting, a financial liability is also an obligation but is more defined by previous business transactions, events, sales,...
Liabilities vs. Assets vs. Owner’s equity
Last Updated: 24 July, 2025Assets are the things a company owns—or things owed to the company—and they include tangible items such as buildings, machinery, and equipment as well as intangible items such as accounts receivable, interest owed, patents, or intellectual property. If a business...
What are different types of Assets?
Last Updated: 24 July, 2025Current Assets Current assets are short-term economic resources that are expected to be converted into cash within one year. Current assets include cash and cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets. Fixed...
