Yes, prepaid expenses are considered current assets on a company’s balance sheet. They represent payments made in advance for goods or services that will be consumed or used in the near future, usually within a year. As these expenses are expected to provide future economic benefits, they are categorized as current assets until they are recognized as expenses.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Recommended Digital Assets for You
Suggested Resources
Add AI to Your Order-to-Cash Process

AR Automation for JD EDwards

AR Automation for SAP

AR Automation for Oracle

AR Automation for NetSuite

AR Automation for PeopleSoft
