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Post Info TOPIC: Paying bills on Excel Debit or Credit
ohdearme


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Paying bills on Excel Debit or Credit
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Hello,I have just joined.

I pay Council tax and other bill on behalf of someone else and therefore keep an Excel spreadsheet with a dr, cr  and balance columns

Should I put the bill on the debit side and the payment instalments on the credit side or the other way round?

In other words, do I treat this spreadsheet as a bank account or nominal account record of bills and payments?

Thanks in advance.

Alan

 

 

 

 

 

 



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Cheshire


Master Book-keeper

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Hi Alan
Welcome to the forum. The forum is for bookeepers and Accountants and the entries you mention are not business related, but given you mention bookkeeping terms, I am wondering if you are doing some training to be a bookkeeper?

The items themselves cannot represent the Bank per se as your records would be short of the remaining Bank entries so that would be pointless.

In terms of showing that someone owes you money (a debtor or receivable) then you could enter them as such - bill is a debit. But unless it is to further your knowledge as a bookkeeper, so therefore just to keep track of what is owed, then I would suggest just an excel with details of the bill, when you paid it with a another couple of columns showing when it was repaid/how much repaid - job done.

If you are training to be a bookkeeper - perhaps add on here, what course you are doing. Maybe we can suggest something to help

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
ohdearme


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Posts: 2
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Thank you Joanne, you have given me all I need

Best regards

Alan

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Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
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right oh



__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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