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For Electrical Contractors

Every panel and service call, billed on time.

Profit by job and service call, monthly books, payroll watched, tax planning and every return filed, for one monthly price.

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Pick a time. There's nothing to prepare and nothing to send us before the call.

Bookkeeping, job costing and taxes for electrical contractors doing service calls and installs. The two sides make money in different ways, copper moves after you bid, and finished jobs can sit for weeks before anyone bills them.

A sample month for an electrical contractor: the supply invoice against the March bid, nine panels bid before copper went up, sales split between service and installs and then what each side keeps, four finished jobs not billed yet, and the tax number in writing. Every figure is a sample.

Which kind are you?

Building

Home Services

For the owner who pays the cabinet shop before the homeowner pays, and finds out in February what the year made.

The usual year
  1. Jan
  2. Feb
  3. Mar
  4. Apr
  5. May
  6. Jun
  7. Jul
  8. Aug
  9. Sep
  10. Oct
  11. Nov
  12. Dec

With us, every month closes.

Each one lands in your inbox, and four times a year what you owe comes in writing before the federal date.

  1. JanDec closedTax number
  2. FebJan closed
  3. MarFeb closed
  4. AprMar closedTax number
  5. MayApr closed
  6. JunMay closedTax number
  7. JulJun closed
  8. AugJul closed
  9. SepAug closedTax number
  10. OctSep closed
  11. NovOct closed
  12. DecNov closed

June:May closed and tied to the bank.

Every tax return, business and personal, inside the same monthly price.

Watch May close.

We close it and only ask what the books can't answer.

  1. The bank matches the books
  2. Bids checked against cost
  3. Payroll gets checked
  4. The number, in writing
  5. Copper went up after you bid

Bank against books, May

Bank

  • May 214,300.00
  • May 7(15,480.00)
  • May 9(15,340.80)
  • May 143,720.00
  • May 23(15,340.80)

Books

  • Card deposits, service calls14,300.00
  • Electrical supply, 9 panel packages(15,480.00)
  • Payroll(15,340.80)
  • Payment, Job 3107, 60%3,720.00
  • Payroll(15,340.80)

Every account tied. Difference $0.00

May receipts, coded to jobs

Kitchen, Sherman Oaks

Bath, Encino

ADU, Van Nuys

Cabinets$24,000 Tile$3,180 Lumber$6,420 Fixtures$2,760 Windows$8,900

Every May purchase coded to its job

Job 3107 · 200 amp panel upgrade

Bid price$6,200
Kept, on the March bid$3,290 (53.1%)
Kept, bought in May$3,050 (49.2%)

Bids checked against cost

Payroll register, May 9

  • OwnerSalaryMatches
  • Electricians, 6Hourly, 480.0 hrsMatches
  • ElectricianOvertime, 6.5 hrsConfirm
  • OfficeHourly, 76.0 hrsMatches

One overtime line for you to confirm with your provider

Set aside

$26,500

Before the June 15 estimate. Second quarter.

In writing, with the math, in the packet.

Extra work · Kitchen, Sherman Oaks

Extra work billed in May$7,000
Contract price$140,000
Change order in the file you sent usNone on file
Extra work, no change order on file$7,000

Panel bids, May

Materials per panel, March bid$1,480
Bought in May$1,720
More per panel$240
Nine panels, $240 each$2,160
Pacific Standard Advisory

May packet

Closed June 8

  1. Books tied to the bankAll accounts Tied
  2. Service and installs, splitService 33% of sales, 46% of what you keep Split
  3. Payroll checkedOne overtime line to confirm Checked
  4. Tax number, in writingBefore the June 15 estimate $26,500
  5. Bids checked against what you paid9 panels Flag$2,160
Reviewed and in your inbox, June 8 A couple of quick questions

What you get every month.

Bookkeeping done and tied to the bank every month. Every tax return, business and personal. What you owe, in writing, mid-year and before year end. Payroll watched. Your key numbers every month, against your budget. Every purchase coded to its job.

  • Service and installs, splitWhat each side brings in and what it keeps.
  • Panels and chargers, priced rightEvery bid next to what the wire cost when you bought it.
  • Finished, not billed yetFinished jobs not billed yet, and the money waiting with them.
  • Profit on every jobLabor and materials on each job and service call.

What we watch every month for electrical contractors

  • Service against installs. Sales and profit for each side of the business, so you know which one really pays the bills.
  • Bids against material costs. Panel, EV charger and remodel bids checked against what the wire and gear cost when you bought them.
  • Jobs finished, not billed yet. Finished work not invoiced yet, the days it has waited and the money waiting with it.
  • Profit by job and service call. Labor and materials on each one, so the jobs that lose money show up with a name.
  • Cash for payroll. Payroll dates next to the money due in, so a slow month shows up before it hits.

A month, in messages.

What lands in your inbox, so you never have to ask.

Illustration of a typical month

    Job costing: billed against built, per job.

    Work done next to money collected, every job, every month. You see the gap before it is a problem.

    May, percent of each contract

    Kitchen, Sherman Oaks
    Bath, Encino
    ADU, Van Nuys

    Work doneBilled

    Billing stays below the work done on every job

    Finished, not billed yet

    Finished jobs not billed yet, and the money waiting with them.

    • Job 3104Work done May 7 · Not billed, 32 days$2,480
    • Job 3107Work done May 14 · Not billed, 25 days$2,480
    • Job 3111Work done May 21 · Not billed, 18 days$2,480
    • Job 3115Work done May 28 · Not billed, 11 days$2,480

    Not billed yet, as of June 8$9,920

    Four finished jobs, $9,920 your office can bill this week.

    Your own return. Included.

    Your personal return, your spouse's if you file together, and your rentals are inside the monthly fee. We list each one when you sign. It changes only in writing, with 30 days notice.

    • The business return
    • Your personal return
    • Your spouse's, if you file together
    • Your rentals

    Nobody gets fired.

    Your office manager keeps the day to day. We take the month end, the returns and the tax number, and put in writing who does what.

    Your office manager keeps

    • Bills and invoices
    • Deposits and receipts
    • Calls with vendors and clients
    • The day to day

    We take

    • The month end close
    • Job costing
    • Every tax return
    • The tax number, mid-year and before year end

    Service and installs, split.

    What each side brings in and what it keeps.

    May

    Service against installs

    Sales
    Service 33%Installs 67%
    Kept
    Service 46%Installs 54%
    SalesKept
    Service (131 calls)$58,400$32,200 (55.1%)
    Installs (panels, EV chargers, remodel)$118,600$38,400 (32.4%)
    Total$177,000$70,600 (39.9%)

    Service is a third of your sales and almost half of what you keep.

    Billed against built, every job, every month.

    Every job, every month: the work done next to the money collected, which is your WIP schedule in plain words, the days your cash carries a supplier, and extra work billed with no change order on file.

    Job

    Kitchen, Sherman Oaks

    Contract $140,000

    Billed against built, May

    Built
    62%
    Billed
    48%

    Built, not yet billed$19,600

    The draw against the cash

    May 1May 15Jun 1Jun 15
    May 6Paid the cabinet shop($24,000) 27 days on your cash Jun 2The draw for that work
    Extra work billed in MayNo change order in the file you sent us. $7,000

    You're the one in the middle.

    This is what a patchwork finance team looks like.

    One department. One monthly price.

    Contractors and home services, starting at $2,500 a month.

    What you need The usual wayA bookkeeper and a CPA Pacific Standard
    Tax planning all yearBilled extra, if anyone does itGeneric advice, so deductions you qualify for get missedCustom strategy for your deductionsCustom deduction strategy
    Your tax number before AprilUsually nobody. You find out in March.April is a surprise billIncluded
    Books closed every monthYour bookkeeper, after the factIncluded
    Business planning and a yearly budgetUsually nobody. The plan lives in your head.Growth runs on a guessIncluded
    Payroll watched every monthUsually nobody. The checks just go out.Included
    Your business and personal returnsYour CPA, once a yearIncluded
    Key numbers against your budgetUsually nobody. No budget to check.Included
    A monthly email of everything we didNobodyIncluded
    Call anytime, no bill for questionsBilled by the hourSo you don't callIncluded
    Every purchase coded to its jobUsually nobody. Parts slip off invoices.Jobs look profitable when they're notIncluded
    What's covered 2 of these 10 All 10 starting at $2,500 a month

    Your price, in writing

    Starting at $2,500/mo

    For contractors and home services.

    Your exact number comes from the free Game Plan call, set for your business.

    The plain terms.

    • One monthly price.Your number is in writing before you owe anything. It changes only in writing, with 30 days notice.
    • First month on your start date, then monthly.Then one monthly price at the start of each month.
    • Cancel anytime and take your books.No contract, no exit fee. Within days you get your complete books, every document, and a handoff call with your next accountant.
    • We do the switch.The 30-Day Switch, done within 30 days of getting access, or your first month is refunded.

    Questions electrical contractors ask.

    Can you track jobs that are done but not billed?

    Yes. Every job that is finished and not invoiced yet is on one list with the date the work was done and the amount, so your office can bill it that week.

    Why split service from installs?

    They use crews, parts and cash differently. Seeing sales and profit for each side every month shows where to add a truck, where to raise prices and which work is not worth taking.

    How do electrical contractors protect bids when copper prices change?

    By knowing what the job costs today, not what it cost when you bid. We compare material bills to each bid every month and flag the jobs and the kinds of bids that need a new price.

    Questions contractors and home service owners ask.

    Do you code receipts and materials to each job?

    Yes. Every purchase is coded to its job every month, so your profit per job is real and costs you paid for a customer get billed back on the next invoice instead of found at year end.

    Does it work with the software we already use?

    Yes. We connect to your QuickBooks, your payroll in Gusto or ADP and your job software, and each connection stays under your own account.

    How do you handle change orders and draws?

    We work from the books and the files you send us. When extra work is billed on a job with no change order in your file, we flag it with the amount, because no paper usually means no payment. We put each draw next to your cash so you can see how many days you are carrying a supplier before the next draw lands.

    Do you check workers comp class codes on payroll?

    Yes. Every month we check that each employee's comp class code matches the work they do, and we flag anything for you to confirm with your payroll provider.

    What does a home service company get?

    Books closed every month, revenue and profit per truck and per tech, every business and personal tax return we list when you sign, payroll watched and a mid-year projection of what you'll owe. We work with HVAC, plumbing, electrical, roofing, garage door and other home service companies.

    Do you work with pest, pool, landscaping, painting and cleaning companies?

    Yes. Any home service company at $500K to $20M a year that wants to grow. We match every payment, keep your regular customers on today's price and send a mid-year projection of what you'll owe.

    Do you send change orders, manage lien waivers or run the job side?

    No. Your team runs the jobs: change orders, billing the owner, lien waivers, permits, inspections and insurance. We are your finance department. We close your books, cost every job, track billed against earned, watch payroll, file every return and put a mid-year projection of what you'll owe in writing. When the numbers look off, like extra work billed with no change order in the file you sent us, we flag it and tell you what it means for your cash. You decide what to do.

    How much does it cost for a contractor or home service company?

    It starts at $2,500 a month for contractors and home services. Your exact number comes from the free Game Plan call, and it is in writing before you owe anything.

    I already have a bookkeeper and a CPA. Why switch?

    So look, your bookkeeper and your CPA cover 2 of the 10 things on that list, and the other 8 are where the money leaks out. Let's just say two $140 parts a week never make it onto the invoice, that's over $14,000 a year, and nobody's checking for it. We cover all 10 for one monthly price, and on the Game Plan call you'll see what your setup is leaving behind before you owe anything.

    Start with the free Game Plan.

    Twenty minutes on Google Meet, before you pay anything.

    1. Pick a timeOnline, whenever suits you.
    2. Twenty minutesA few questions about how your business is run, in your words.
    3. On the callYou'll know what your setup is leaving behind.

    You talk with our team.

    Get your free Game Plan

    There's nothing to prepare and nothing to send us before the call.

    Rather call? (310) 981-3250 or email info@pacificstandardadvisory.com

    Next IRS date on most owners' calendars: Thu, Oct 15.

    Federal dates. Your plan lists yours.

    Next 6 monthsUpcoming deadlines