Bookkeeping and Accounting for Electricians

Golden Apple Agency is your go-to agency for bookkeeping and accounting for electricians. We understand that the trades and construction industry has unique needs when it comes to accounting because most of your revenue comes from projects that can run over long periods of time and aren’t based at a fixed location. If you're starting a new electrician business or want to improve the financial health of your electrical or construction company, partner with us today.

 

Accounting for Electricians

Our accounting services for electrical contractors focus on improving your profitability, keeping you tax-compliant, and helping your business grow. Professional accounting is essential for every electrical contracting business. If you don't know where you stand financially or whether you're charging for everything you should, you may be leaving money on the table.

An experienced accountant at Golden Apple can:

  • Advise on eligible business expenses, including mileage

  • Analyze profit and loss statements and cash flow statements 

  • Prepare and file taxes

  • Calculate estimated quarterly tax payments

  • Prepare for a state or IRS audit

  • Represent you to the IRS

  • Provide outsourced CFO services

  • Provide advice about business structure and employer obligations

  • Help you choose an accounting method: cash basis, completed project, or percentage of completion

  • Help you establish healthy profit margins

  • Assist with accurate job costing and quotes

  • Calculate equipment depreciation for tax reporting purposes

  • Create cash flow projections and financial forecasts

 

Bookkeeping for Electricians

When manual data entry into an Excel spreadsheet no longer cuts it, we can help you upgrade your bookkeeping with QuickBooks Online bookkeeping and accounting software or take care of your bookkeeping for you. 

Golden Apple bookkeeping services can help small business owners in the electrical industry:

  • Create and send invoices, including all of the relevant expenses

  • Send payment reminders

  • Apply fees to late payments

  • Produce financial statements, including the monthly balance sheet, cash flow statement, and profit and loss statement

  • Perform bank reconciliations

  • Provide QuickBooks training and assistance

  • Log revenue and expenses

  • File receipts

  • Track job costs

  • Track expenses

  • Track payments

  • Track the billable hours at each job site

  • Create job estimates

  • Calculate new job costs

Choose Golden Apple

Established over 15 years ago in Jacksonville, Florida, Golden Apple has extensive experience helping small businesses thrive. 

If you are an electrical contractor who needs expert construction accounting support or is looking for training in the best accounting software, partner with Golden Apple. We have the knowledge and expertise to help you improve your profitability. Call us at (866) 288-9070 to book an appointment today.

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