Bookkeeping and Accounting for Electricians
Need a bookkeeper and accountant for your electrical business? We'll handle your books, allowing you more time to focus on your circuits and clients. Experience our service for free.
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How Bench works with electricians
Let Bench handle your bookkeeping, income tax prep, and filing, so you can focus on keeping the lights on. Bench collaborates effortlessly with electricians.
We get you set up
Our team diligently takes the time to fully grasp the ins and outs of your electrical business, respond to your inquiries, aid you in linking your accounts, and demonstrate how Bench can facilitate your bookkeeping requirements.
We do your bookkeeping
Each month, your dedicated bookkeeper categorizes your electrical business transactions and compiles essential financial statements. If they require additional information from you, they'll establish contact promptly.
We deliver tax-ready financials
Our team of experts is acquainted with electrician industry-specific tax regulations and will personalize their approach to meet your business's individual requirements.
Here’s why electricians like you trust Bench with their bookkeeping and accounting
Get fast, unlimited support from our expert advisors
At Bench Accounting, we understand the bookkeeping needs of electricians. We respond to your financial queries promptly and regularly update you on your bookkeeping status. Do you have urgent questions that need immediate responses? Rest assured, we'll get back to you within one business day or even less.
Guaranteed accuracy in every detail
Our software helps you streamline data entries from prominent providers, reducing the potential for errors common to manual entry. We collaborate with industry-leading providers like Gusto, Stripe, Shopify, and Square—ensuring that your financials are consistently accurate. Specifically designed for electricians, Bench Accounting makes managing your small business finances easy and stress-free.
See where you’re spending. Make smart decisions
Bid farewell to mountains of invoices and tedious manual recording—we automate the data directly from your linked accounts. Gain valuable insights from a singular, centralized dashboard, enabling you to easily comprehend the financial health of your electrical business and make smart, strategic decisions.
Bench integrates with your favorite small business tools
We sync seamlessly with your financial accounts and tools to keep your books up-to-date and save you the time and effort of manually uploading documents.
Trusted by 25,000+ American small business owners
CHRIS RONZIO
DR. BUKKY KOLAWOLE
HEATHER SHOLL
We know bookkeeping for electricians
As an electrician, you grapple with a unique combination of service-based and product-based transactions, industry-specific taxes, and sometimes complex job-costing challenges. At Bench Accounting, we fully understand these intricacies. Our team of real human bookkeepers work seamlessly with our intuitive software to ensure all your transaction information is accurately captured and categorized. Whether it's an expense for a new set of wire cutters or a customer's invoice for a residential wiring job, Bench ensures that each financial data piece aligns with specific industry tax laws, leaving no room for discrepancies or loopholes.
Electrical work also involves numerous regulations and licenses that affect your financial operations. At Bench, we don't just offer bookkeeping services – we offer peace of mind. Our expert team is well-versed in the laws and taxes specific to the electrical industry. They'll handle everything from routine bookkeeping to year-end financial reviews, ensuring you're in compliance with industry regulations and maximizing your tax deductions. With Bench, forget about the stress of managing your books, and focus on what you do best: running a successful electrical business.
Simple, straightforward pricing for everything your business needs.
Get bookkeeping, tax prep, advisory, and filing with Bench's powerful, easy-to-use platform.
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Frequently Asked Questions
As a self-employed electrician, you may be eligible to claim various tax deductions that contribute to your business expenses. These can include but are not limited to:
- Tools and equipment required for your work
- Vehicle expenses if you travel for your business
- Home office expenses if you work from home
- Insurance premiums related to your business
- Contract labor costs if you hire subcontractors
- Continuing education and certification costs
- Any necessary safety gear
Please note that tax laws can vary and change, so it's important to work with a knowledgeable bookkeeper or accountant to ensure you're accurately reflecting your deductible costs. The Bench Accounting team is always here to help with your bookkeeping needs.
Managing bookkeeping effectively when sourcing electrical supplies from various places can be a complex task, but with careful organization and the right support, it can become much more manageable. Here are a few tips:
- Keep Detailed Records: Be meticulous with your purchases and expense tracking. Maintain a detailed log of where, when, and how much you’ve spent on each item. This will help not only with tax deductions but also with managing your overall budget.
- Utilize Accounting Software: Implementing a robust accounting system can automate much of the financial tracking process and reduce the likelihood of errors. Accounting software can aggregate data from different sources, providing an accurate financial snapshot of your business at any given time.
- Hire a Professional: If accounting isn't your area of expertise or you simply don't have the time, consider hiring a professional. Bench Accounting offers comprehensive bookkeeping services for various industries to ensure all your financial affairs are in order.
Yes, the depreciation of your tools and equipment is an important factor in your bookkeeping. Depreciation is the gradual decrease in the value of an asset over time, and it is a legitimate business expense that is tax-deductible. It affects your business's net income and overall balance sheet, so it should be properly tracked and recorded in your bookkeeping system. A professional bookkeeper can help ensure that this is done accurately.
Nope! All bookkeeping is completed in-house.
Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.
We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.
Bookkeeping Services for Electricians
Sign up for a Bench trial, and get one month free. If you decide to go with us, we’ll take bookkeeping off your plate—for good.
No credit card required. By clicking ‘Get Started’, I agree to Bench’s Terms & Privacy Policy.