Bookkeeping Services for Electricians

Need Help With Business Finances and Taxes? We’ve got you covered.

If you're an electrician who needs help understanding your business finances and taxes, we've got you covered.

Managing the financial aspects of your electrical business can be complex and overwhelming, but with our specialized bookkeeping services and experience working with electricians, you can trust that your accounting needs are in capable hands.

  • Issues managing cash flow? Let us help.

  • Struggling to track outstanding bills? Let us help.

  • Unsure how to prepare your books for tax season? Let us help.

We'll help you navigate the intricacies of business finances and taxes, ensuring your taxes are filed on time so you can focus on what you do best – helping your clients.

200+ Business Helped

Over 18 Years of Expertise

Done For You Services

As an electrician, you face unique bookkeeping challenges that can significantly affect your business and success. Let's break down these common pain points and see how we can help you overcome them to ensure your business thrives.

Pain Points and Solutions for
Electrician Contractors

Pain Point 1: Tracking Business Expenses

Solution: Our specialized expense tracking services are designed to address this challenge effectively. By utilizing our services, you can streamline the process of categorizing and monitoring all your expenses in real-time. This proactive approach ensures that no expenses slip through the cracks, enabling you to generate more precise and comprehensive financial statements for your electrical business. Say goodbye to missed costs and hello to improved financial visibility with our tailored expense-tracking solutions.

Issue: As an electrician, you may find it challenging to track your business expenses accurately. From materials and equipment to travel and labour costs, the array of expenses can be extensive. Without a robust system in place, there's a risk of missing or misclassifying these expenses, potentially impacting your financial clarity.

Pain Point 2: Time Management

Issue: Electricians often struggle to find time for invoicing and tax filing as they manage projects, complete jobs, and serve clients. With so much on their plate, paperwork frequently gets pushed aside, leading to last-minute scrambling, missed deadlines, or incomplete records. This can result in stress and potential penalties for late tax filings or inaccurate financial reporting.

Solution: Our bookkeeping and tax filing services help alleviate this burden by handling the paperwork for you. Our streamlined process ensures that all your financial records are maintained, up-to-date, and ready for tax season. This lets you focus on your work without worrying about the deadlines or the details, ensuring your taxes are filed on time, and your books stay organized.

Pain Point 3: Cash Flow Management

Issue: Electricians often face the ongoing challenge of maintaining a steady cash flow. Inadequate cash flow management can result in insufficient funds for daily operations, payroll, and essential expenses, ultimately hindering business growth and creating financial instability.

Solution: Our specialized assistance is geared towards helping you address these cash flow concerns effectively. By providing support in tracking your cash flow projections and comprehending the inflow and outflow of cash within your business, we empower you to anticipate and prevent potential shortfalls. This proactive approach safeguards against financial disruptions and ensures the seamless operation of your electrical business, promoting stability and fostering sustainable growth.

Pain Point 4: Accurate Bookkeeping

Issue: The consequences of inaccurate bookkeeping for electricians can be far-reaching, leading to misunderstandings regarding business performance, potential tax issues, and ill-informed financial decisions. These inaccuracies can significantly impact the overall health and success of your electrical business.

Solution: Our dedicated bookkeeping services offer a reliable solution to combat inaccuracies in financial records. Maintaining precise and organized records provides clear insights into your business performance, empowering you to make informed and strategic financial decisions. This proactive approach helps you avoid potential tax problems and supports the implementation of sound financial strategies that drive growth and sustainability within your electrical business.

Efficient bookkeeping is key to the long-term profitability and success of your electrician business. By addressing these pain points with our tailored solutions, you can maintain accurate financial records and stability for your business.

Christine and her team are extremely efficient, calm and organized. Their knowledge and systems are outstanding.

-Patricia Wilson, BJN Investments

Discover our Customized Bookkeeping Services for Electricians.

✔ We offer simple packages that give you peace of mind about your monthly finances.

✔ More control over your business with Tax Filing Packages.

✔ Have employees? We offer Payroll Services Packages to suit most small businesses.

Prices are based on a small to medium-sized company managing 1 bank and 1 credit card account with approximately 50 transactions. Please fill in our CONNECT WITH US form for a more detailed quote based on your business needs.

—
We Do It All Plus

Hands off bookkeeping, you let us handle all aspects of the bookkeeping, and we provide you with quarterly reports.

500-800 Transactions per month

2 Bank & 2 Credit Accounts

Starting from

$1267

per month

Posting of all Income

Posting of all Expenses

Reconcile Bank & Credit Card accounts

Quarterly Financial Reviews

Quarterly Reports

Email & Phone Communication

Year-End Adjusting entries

Liaison with Accountant

OPTIONAL ADD-ONS:

Payroll package

Tax Filings

—
We Do It All

You handle all income posting, we handle everything else, and provide you with quarterly reports.


300-400 Transactions per month

2 Bank & 2 Credit Accounts

Starting from

$647

per month

Posting of all Expenses

Reconcile Bank & Credit Card accounts

Quarterly Reports

Email & Phone Communication

Year-End Adjusting entries

Liaison with Accountant

OPTIONAL ADD-ONS:

Payroll package

Tax Filings

—
We Do It Right

You handle all posting of income and expenses, we help you make sure each month is balanced and on the right track.


200-300 Transactions per month

2 Bank & 1 Credit Accounts

Starting from

$427

per month

Reconcile Bank & Credit Card accounts

Review & Resolve Income & Expenses

Year-End Adjusting entries

Liaison with Accountant

* Corrections to posted transaction: excessive corrections to transaction are deemed out of scope, additional charges may apply.


OPTIONAL ADD-ONS:

Payroll package

Tax Filings

Need more help? We offer additional services.

Payroll Services

We offer payroll services based on the number of employees you have in Basic (1-5 employees), Business (6-10 employees), and VIP (11-20 employees) packages. All packages include:

  • Payroll software subscription

  • ​Bi-weekly processing on your designated day

  • ​Generate pay stubs

  • PD7A summary

  • ​Generate Record of Employments (ROE) & file with Service Canada

  • ​Prepare & file annual T4 Slips / T4 summary

  • ​Direct deposit

  • ​Employee portal

  • Payroll liabilities processed 

Tax Filing Services

We offer GST & PST Filing services based on the level you want to be involved:

  • Check Profit & Loss & Sales Tax
    Summary reports

  • File with Tax Agency

  • Send GST/PST Filing Reminders to client

  • Email Reminders to client to pay

  • Basic CRA Review Support

Catch Up Services

Our catch-up bookkeeping services are designed to get you back on track and up to date. We will review the history of filings and transactions to move you towards the goal of getting your bookkeeping current (and keep you there).

  • Posting any remaining income & expenses from statements

  • Reconciling Bank & Credit Card statements

  • Review if transactions are correct

  • Review Chart of Accounts

  • Year-End Adjusting entries

  • Liaison with Accountant

starting at $1,500 per year of catch up for small - medium-sized companies.

Frequently Asked Questions By Other Electricians

  • Accurately tracking business expenses is vital for electricians to maintain your business. Our services help categorize and monitor all expenses in real time to ensure precise financial statements.

  • Offering varying levels of service for fixed monthly prices, including Peace of Mind, Stay Organized, and Get Balanced packages. Services range from hands-off bookkeeping to more hands-on involvement, tailored to suit different business needs. Additional services like payroll packages and tax filings are available to enhance financial management efficiency.

  • Managing multiple invoices can lead to delays and errors in billing, impacting cash flow. We offer automated invoicing solutions to streamline the billing process, reduce errors, and improve cash flow management.

  • Poor cash flow management can hinder day-to-day operations and growth. Our assistance in tracking cash flow projections helps avoid shortages and ensures smooth operations.

  • Inaccurate bookkeeping can lead to misunderstandings about business performance and tax issues. Our bookkeeping services provide precise records and insights for informed decision-making, avoiding tax problems.

  • Features: Our packages cater to different employee sizes, providing payroll accounting software, bi-weekly processing, pay stub generation, PD7A summary, ROE filing, T4 slips preparation, direct deposit, and more.

    Options: Basic, Business, and VIP packages available based on the number of employees, ensuring accurate payroll management and compliance.

  • Process: Fill in our "Connect with Us" form to receive a customized quote based on your company's specific needs and requirements.

    Pricing: Prices are structured for small to medium-sized companies managing one credit card and bank accounts with around 50 financial transactions, ensuring transparency and flexibility in service offerings.