Is a telephone bill considered a utility bill?
I would believe so. What is a utility? According to
dictionary.com it is - A useful article or device. - So if your
telephone is a -useful article or device- I would conclude that it
is a utility. Yes, as is gas , water and electricity. Although use
of the telephone is considered part of your overall utility
expense, in business telephone expenses are generally tracked
separately from utilities on a profit and loss statement.
Basically, you would set up an account in your general ledger for
Telephone and another for Utilities (which would include gas,
electricity and water). This enables management to keep a handle on
an otherwise hefty expense.