All important financial computations are available ready-to-use in Deskera Accounting. Quick Ratio, Current Ratio, Working capital, Cash-in-hand etc.
According to experts, the acid-test or quick ratio or liquid ratio measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately.
Quick assets include those current assets that presumably can be quickly converted to cash at close to their book values. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.
All these important reports are generated real time in Deskera Open Source Accounting.
The transactions in Deskera Accounting are “automatically posted” in to all the financial Ledgers, Reports and statements. The reports are thus created real time saving precious time.
To know more, please visit Deskera Open Source Accounting.