Can you support certified payroll reporting?

We offer reporting support as an add-on: organizing wage and hour data by job so certified payroll and prevailing wage reports can be completed. We do not run payroll and we do not sign or certify the reports themselves.

How do you handle purchase orders?

If you issue POs, we record them as committed cost against the job so open exposure shows before the invoice lands. If you do not use POs, we can track major buyouts manually at job setup.

Do you separate service work from project work?

Yes. Service tickets are reported as their own line of business so their margin is not blended into large project results.

Electrical Contractors

Bookkeeping for Electrical Contractors

Material prices move, gear lead times stretch, and the bid you signed six months ago has to survive both.

Electrical work carries an unusual amount of material price risk. Copper moves, switchgear lead times push jobs across quarters, and the cost you bid is rarely the cost you pay. Without job-level cost tracking, that erosion is only visible in aggregate, long after you could have repriced.

We track committed costs — purchase orders and sub commitments — alongside actual costs, so a job's exposure shows up when the order is placed rather than when the bill arrives.

What goes wrong

Where electrical margin usually leaks.

Material escalation eating a fixed-price bid

Comparing purchased cost to bid cost by cost code each month shows which jobs are drifting while there is still scope left to manage.

Gear ordered months before it is installed

Large equipment purchases sitting in a warehouse are not expenses of the month they were bought. We hold them against the job until installed.

Prevailing wage work mixed with private work

Public jobs carry different wage rates and reporting duties. Keeping them in their own classes prevents a distorted labor rate across the whole company.

Small service tickets never costed

High-volume, low-dollar work is easy to ignore and is often where margin quietly disappears. We report it as its own line of business.

What we track for you

Committed cost from purchase orders vs. actual invoiced cost
Bid budget vs. actual by cost code per job
Prevailing wage jobs segregated from private work
Service tickets grouped and reported separately from project work
Subcontractor payments and W-9 status for 1099-NEC
Retainage held on your contracts and withheld from your subs

Your cost structure

Wire and commodity material: Purchases tracked per job so price movement between bid and buyout is measurable rather than anecdotal.
Gear and long-lead equipment: Held against the job from order to install so a single quarter does not absorb the cost of work performed in another.
Field labor: Hours allocated by job and cost code with burden applied, split between prevailing wage and standard rate work.
Tools and consumables: Separated from job material so a truck full of bits and blades does not distort project margin.

What lands in your monthly report

Budget vs. actual by cost code for each active job
Committed cost exposure on open purchase orders
Margin by job, split project vs. service
Retainage receivable and payable
Company profit and loss and balance sheet

Electrical questions

See the full monthly plans and pricing, or read how the onboarding process works.

Related guides

Subcontractors

Subcontractor 1099s: a year-round checklist for contractors

The January 1099 scramble is a bookkeeping problem disguised as a tax problem. Fix it in the order you pay people, not at year end.

Job costing

Job costing for contractors: what it is and how to set it up

Company-level profit tells you almost nothing about which jobs earned it. Here is the cost code structure and setup sequence that makes job margin visible.

Find out what your jobs are really earning.

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