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How much does an accountant cost for an electrical contracting business?
Accountants experienced with electrical contractors typically charge between $150 to $400 per hour or offer monthly service packages ranging from $500 to $3,000+, depending on the depth of services, payroll complexity, and software integration support. Be sure to clarify whether pricing includes advisory services, quarterly reviews, and contractor compliance management.
FrequentlyAsked Questions
What core services do accountants provide for electrical contractors?
They offer bookkeeping, payroll, job costing (tracking labor, materials, overhead per project), WIP accounting, tax strategy, and financial reporting tailored to service-based contracting businesses.
How can I find an accountant experienced with electrical contractors?
Search directories like Sam’s List, filtering for firms that specify “electrical,” “contractor accounting,” or “field service expertise.” Look for software competency—QuickBooks, ServiceTitan, Xero.
Do accountants handle payroll and subcontractor (1099) reporting?
Yes. Many support payroll for technicians, handle correct 1099 filings for subcontractors, and assist with workers’ comp reporting and licensing compliance when applicable.
Should I hire a local accounting firm or work remotely?
Local firms may offer deeper understanding of state licensing, utility tax rules, and trade regulations. Remote firms may excel in cloud software integrations and scalable support. A hybrid approach often works well.
When should electrical contractors hire an accountant?
Before bidding large projects, hiring subcontractors, installing major equipment, or facing tax season. A proactive financial partner helps structure your business strategically.
Can these accountants help with job costing and WIP accounting?
Absolutely. They set up systems to allocate costs and revenues per job or phase—critical for accurate profit analysis and contracting efficiency.
Not sure who’s right for you as an electrial contracting business? Answer a few quick questions, and we’ll introduce you to someone who fits.
Find & Connect with Accountants, Fractional CFOs, and Financial Advisors
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