What you have to enter to record monthly energy standing charges and then offset that with the actual monthly bill

Let me help you in properly recording monthly energy standing charges and the subsequent bill payment in QuickBooks Online (QBO).

To ensure a smooth and accurate reporting process, it's a great idea to consult with an accountant who can also guide you along the way. to avoid potential errors in your report. Additionally, you'll want to create a check for the energy standing charges. Here’s a step-by-step guide to help you get started:

1. Click +New and select Cheque.
2. Enter the date of payment and the Payee.
3. In the CATEGORY column, select the Creditors.
4. Enter the amount of the standing charge.
5. Click Save and Close to finalize the transaction.

Once you receive the actual bill, you will need to apply the check amount to it. Here’s how:

1. Click the + New button and select Pay Bill.
2. Check the box next to the bill you want to pay.
3. Click Save and Close to complete the payment.

Moreover, you can track vendor payments within a specific date range by reviewing this article: Run a report with supplier totals in QuickBooks Online.

If you have any further questions about managing your energy standing charges, feel free to reach out. We are here to help you anytime.