FOR ELECTRICAL CONTRACTORS
Bookkeeping & Profit First Coaching for Electrical Contractors
Running an electrical company means bidding jobs, managing crews, buying materials up front and waiting to get paid. When the numbers are behind, it’s hard to know whether you’re bidding right, or if your busiest jobs are even making money.
Abacus gives electrical contractors clean monthly books, real job costing and a Profit First cash plan, so you can bid with confidence, protect your cash and grow on purpose.
The money challenges electrical contractors tell us about
- Estimates vs. actuals. You bid the job, but you don’t know whether you came in over or under on labor and materials.
- Material costs paid up front. Wire, panels and fixtures are bought long before the customer pays, often on jobs that run for weeks.
- Slow-paying customers. General contractors and commercial customers can take 30 to 90 days to pay, while payroll is due every week.
- Service vs. project work. Each has very different margins, and they’re often mixed together in the books.
- Labor creep. Extra hours, change orders that never get billed and rework that wipes out the margin.
- Growth without a plan. More crews and more