Real Estate
Common Area Utilities (Electricity / Water)
Recording utility costs for shared areas — lobbies, parking, corridors — in a multi-tenant building.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Common Area Utilities Expense | Expense (+) | 1,500.00 | - |
| Accrued Liabilities / Cash | Liability/Asset (-) | - | 1,500.00 |
💡 Accountant's Note
Common area utilities are an operating cost of the building. In a triple-net lease arrangement, these are typically recharged to tenants through the service charge mechanism.
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