Electrical Contractor Bookkeeping

Bookkeeping for
Electrical
Contractors.

Service calls pay the same day. Commercial jobs pay weeks later, short the retainage. Wire, panels and breakers go on one supply house account for every job at once. We sort it all by job, reconcile every account monthly, and show you which kind of electrical work actually makes you money.

Flat monthly pricing  ·  Cancel anytime  ·  Dedicated bookkeeper

At a Glance
What We Track for Electricians
Everything handled monthly — nothing falls through the cracks
Labor and materials by job✓ Tracked
Progress billing and retainage✓ Tracked
Supply house statements✓ Reconciled
Field service app payments✓ Matched
Apprentice and journeyman payroll✓ Reconciled
Permits, vans and tools✓ Categorized
5.0
Star Rating
100%
Remote
Who It's For

Service, New Build
or Commercial

A service shop, a new construction sub and a commercial bidder run on different cash cycles. Plenty of electrical contractors do some of each. Your books should show each line of work on its own.

🔌

Service & Repair Electricians

High volume, small tickets, paid on the spot through your field service app. The work moves fast. The trap is card fees, refunds and truck restocks that never get tied back to the jobs that used them.

  • Same-day card payments matched to deposits
  • Processing fees recorded, not netted out
  • Truck stock restocks tracked
  • Revenue split: service, upgrades, EV chargers
  • Technician labor by job
🏗️

New Construction Electricians

Rough-in and trim on homes and buildings for builders and GCs. You carry labor and materials for weeks before the draw pays, so cost to date on each job matters more than the bank balance.

  • Billing by phase: rough-in, trim, final
  • Builder draws matched to invoices
  • Materials coded to the right lot or job
  • Change orders and extras billed
  • Cost to date vs. contract on every job
🏢

Commercial & Public Work

Bid work for GCs, schools and public owners. Pay applications, retainage, lien waivers and prevailing wage jobs all need books kept job by job, with labor tracked by worker and classification.

  • Pay applications and retainage receivable
  • Lien waivers logged against payments
  • Labor hours by job and classification
  • Prevailing wage jobs tracked separately
  • Union fringe contributions recorded by job
Sound Familiar?

The Financial Headaches
We Fix

Electrical work can look profitable on paper and still run tight in the bank. These are the spots where electrical contractor books usually fall apart.

🧾

One supply house bill, every job on it

Your supply house account covers every job at once. When the monthly statement gets booked as one materials expense, job costing is gone. We code each invoice to the job on the ticket and reconcile the statement, returns and credits included.

⏳

Retainage that quietly disappears

On commercial work, the GC holds back part of each payment until closeout. If the books only show what got paid, that money drops out of view and nobody chases it. We record retainage as its own receivable, by job, so you always know what's still owed.

👷

Labor that never makes it to the job

Apprentice and journeyman hours are your biggest cost, but payroll usually lands in the books as one lump. Without hours by job, you can't tell whether you bid the labor right. We tie payroll to jobs from your time records so labor shows up where it was spent.

🏛️

Public work with payroll rules attached

Prevailing wage jobs call for wages and hours broken out by worker, classification and project, often week by week. If your books aren't set up that way, pulling it together is painful. We keep labor separated by job so certified payroll numbers tie back.

What Tides Delivers
Every Month
So you never deal with any of those problems again
✅
A job cost report for every open jobLabor, materials, permits and subs against the contract, so you see margin before the job closes.
✅
Retainage and receivables by jobWhat each GC and customer owes you, what's held in retainage, and what's past due.
✅
Supply house statements reconciledEvery invoice, return and credit matched to its job and to the monthly statement.
✅
Payroll tied to the booksGusto payroll reconciled every run, with apprentice and journeyman labor split by job from your time records.
✅
A P&L by line of workService, new construction and commercial shown separately, so you know which side of the business earns the most.
What's Included

Everything You Need,
Nothing You Don't

Everything below is set up around how electrical contractors get paid: same-day service tickets, builder draws, and commercial pay applications with retainage. We work in QuickBooks Online and connect to your field service software or work from its reports.

📈

Financial Reporting

A P&L split by service, new construction and commercial work, job cost reports showing margin on each job, and a receivables report that lists retainage on its own.

Monthly Reports
See Full Details →
🏦

Bank Reconciliation

Every business account and credit card matched and verified each month. No mystery charges. No unresolved transactions. No surprises.

See Full Details →
📑

Accounts Payable & Receivable

We record supply house and subcontractor bills by job, track pay applications and builder draws, and keep a running list of retainage and past-due balances by customer.

See Full Details →
🔄

Catch-Up Bookkeeping

Months or years behind? We clean it all up before monthly service starts, at a flat price per month behind that we quote up front.

See Full Details →
💼

Payroll Support

Payroll runs through Gusto, and Gusto files the payroll taxes and W-2s. We reconcile every run to the books and split apprentice and journeyman labor by job from your time records.

See Full Details →
★★★★★

"Dan is crucial to the financial management of my business. I am a busy guy that started a side hustle and it took off. It became too tedious for me to manage bookkeeping, and I decided to outsource that service to create time to focus on my operations, customers, and services."

SL
S. L.
Business owner  ·  Intuit ProAdvisor review

Read all reviews →

Common Questions

Electricians
FAQ

Questions we hear from electricians before they sign on with Tides.

Yes. Those are common field service tools for electrical shops, and we connect to them or work from their reports. Payments collected in the app get matched to the deposits that hit your bank, with card fees recorded as an expense instead of netted out of revenue. QuickBooks Online stays the main set of books.
We bill the full amount of each pay application and record the held-back portion as retainage receivable, tracked by job. When the job closes out and the GC releases it, the payment gets matched against that balance. You always have a current list of what's being held and by whom, which makes it much easier to follow up.
We set the books up so labor is tracked by job and by worker classification, and we reconcile Gusto payroll to it every run. That way the wage and hour detail on your certified payroll reports ties back to your books. Preparing and submitting those reports, and the wage rules behind them, stay with you; we keep the numbers underneath clean.
Yes, whenever you can. Materials bought for a specific job should hit that job's cost so the margin is real. Truck stock and shop inventory used across many jobs is handled separately, and we agree with you on one simple way to assign it. Putting the job name or number on every supply house ticket makes this much easier.
Plans start at $299 a month based on transaction volume. Any one-time setup or catch-up fee is quoted up front. For an electrical shop, volume mostly means service ticket payments, supply house invoices and payroll runs. There are no long-term contracts, and a free 15-minute call is enough to see which tier fits.
Yes. We start with bank, card and supply house statements, then rebuild the months you're missing, coding materials and labor to jobs where the records support it. You get a quote for the catch-up before we start, and once you're current we move to monthly. Onboarding for the monthly work takes 5–7 business days.
📍 Service Coverage

Based in Greenville, SC —
Serving Clients Nationwide

100% remote bookkeeping for small businesses across South Carolina and throughout the United States.

Finance terms worth knowing

Plain-English explainers, no jargon.

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Get Started Today

Pull the Wire.
We'll Handle
The Books.

Schedule a free 15-minute call. We'll review your current setup, answer your questions, and give you a flat monthly quote — no pressure.

No credit card required  ·  No long-term contracts  ·  Cancel anytime

Simple, Flat-Rate Pricing

Flat monthly plans scaled to your business — no hourly billing and no surprise invoices. You always know the price up front.

PlanBest forFlat monthly
StarterNew & small businesses getting clean books started$299/mo
EssentialGrowing businesses — up to $50k/mo in expenses$395/mo
Growth MOST POPULARScaling businesses — up to $75k/mo in expenses$595/mo
ScaleHigh-volume portfolios — up to $125k/mo in expenses$895/mo

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★★★★★ 5.0 · 8 client reviews on Intuit's ProAdvisor directory

✔ Reviewed by Daniel Cope, Advanced QuickBooks ProAdvisor · Updated August 2026