I understand what you're supposed to pay zakat on accumulated money, but if you have an account setup for your monthly bills and you only keep your bills money in their, are you supposed to pay zakat on that money too?
Lets assume I pay $2000USD a month in bills, i.e. rent, electricity, gas, water etc etc.
Assuming I get paid on 2013/07/01, where I deposited $2000USD in my bills only account.
The first of ramadan was on 2013/07/09, where I had around $1500USD remaining in my bills only account. This account will be empty by the end of the money and at the 1st of the next month it will have another $2000USD in it.
If I pay zakat on this money, it means I will not have enough money to pay my usual bills.
So my question, am I supposed to pay zakat on this money too? I am looking for the Hanafi position on this matter.