Bookkeeping for Electrical Contractors
Monthly bookkeeping in QuickBooks Online for electrical contractors running service work, projects, labor, materials, and vehicles.
Service Work and Projects Need Separate Numbers
Electrical contractors often run two businesses at once: service and small jobs with quick turnaround, and larger projects that run for weeks with progress billing. Lumping them together hides which one is making money.
- Service call and small job revenue
- Panel upgrades, EV chargers, generators, and installs
- Commercial and residential project revenue
- Progress billing and retainage, where applicable
- Customer deposits
- Wire, breakers, fixtures, and supply purchases
- Electrician and apprentice wages
- Trucks, fuel, and vehicle costs
- Tools, equipment, and lifts
- Permits, licensing, bonding, and insurance
What Haverlin Handles
Service and project revenue categorized separately
So you can see the margin on service work versus projects and decide where to push.
Labor and materials recorded as cost of work
Electrician wages and materials grouped against the revenue they produce, not buried in overhead.
Bank and credit card reconciliation
Every account reconciled monthly, so the QuickBooks balance matches the bank and errors get caught early.
Monthly financial statements
A Profit & Loss and Balance Sheet organized around how the business actually operates.
CPA-ready year-end records
Clean, reconciled books handed to your tax professional, with no January scramble.
Who This Fits
Haverlin works with owner-operated electrical contractors doing residential service, light commercial, or a mix of both.
- Residential service electricians
- Contractors doing panel, generator, and EV charger installs
- Light commercial electrical contractors
- Owners who need clean books for bonding or lending
Questions
Can you handle progress billing on larger projects?
Yes. Progress invoices and deposits are recorded so revenue reflects what’s been earned.
Do clean books help with bonding and bank lines?
Lenders and bonding companies want reconciled, current financials. That’s what monthly bookkeeping produces.
Do you do job costing?
Haverlin sets the books up so labor and materials are recorded as cost of work. Detailed per-job costing depends on your invoicing and time tracking; I’ll discuss what’s realistic in the review.
How much does it cost?
Monthly bookkeeping starts at $350/month. Final pricing depends on transaction volume, accounts, and the current condition of the books.
Clean Books Before the Next Big Job
Schedule a free review. I’ll look at the QuickBooks file and tell you what it needs.