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how should I maintain my bank account in quick books?

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vpdps asked:

I have a small business and i do business with a bank checking account for my business. In quick books, to pay a monthly electricity bill, should I debit the electric company and credit the utilities account or credit the cash account?

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One Response to “how should I maintain my bank account in quick books?”

  1. sumbumblebee says:

    You debit the utilities expense account and credit the cash (checking) account.

    The electric company will simply be the “vendor”.

    Hope that helps. :0)

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