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Job costing per project, subcontractor 1099s, journeyman and apprentice payroll with correct workers' comp classification, materials vs labor tax treatment, and a live dashboard — so you know which jobs are profitable, not just which ones are busy.
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Turnkey CFO is a bookkeeping firm in Austin, Texas that works with electrical contractors on job costing, subcontractor compliance, payroll classification by license level, and books that show which jobs, customers, and service types are actually driving your margin. We coordinate with your CPA on tax filings.
Electrical jobs live and die on labor efficiency and material management. Without job-level cost tracking, you can't tell which job types and customers make you money — or why a busy month still leaves the bank account thin.
Materials, labor, and subs allocated to every job.
Built for how electrical contractors operate — licensed crews, permit-tracked jobs, subcontractors, and material-heavy projects.
Accurate categorization of materials, labor, permit costs, subcontract costs, overhead, and revenue. Full monthly close with P&L and balance sheet so you always know where the money went. See all services
Every project tracked from bid to close — conduit, wire, fixtures, labor hours, and subcontract costs allocated per job. Service calls, new construction, remodels, and commercial work tracked separately so you know which work type earns the best margin at your current pricing.
Payroll for master electricians, journeymen, apprentices, and office staff — each coded to the correct workers' comp classification. Correct FICA, correct comp rate, quarterly 941 reconciliation via Gusto.
W-9 before the first payment, payments tracked against the $600 threshold, 1099-NEC filed by January 31 — even for subs used on a single project. No scrambling in January, no IRS penalties.
Most states tax the sale of tangible property — wire, breakers, panels — separately from labor on repair and maintenance jobs. Lump-sum bids can trigger tax on the whole contract in some states. We separate your invoices correctly from day one so you collect and remit the right amount.
Permit fees, inspection costs, and bonding expenses tied to a specific job are job overhead — not general operating expenses. Lumping them in distorts job-level margin and makes it impossible to bid accurately. We allocate these to the correct job from the first invoice.
Supplier invoices, material purchases, and vendor payments handled so your accounts payable is current and your books close on time.
Work vans and major equipment tracked as fixed assets with correct depreciation schedules — reconciled to your CPA's tax categories so Section 179 and bonus depreciation deductions are fully documented.
Revenue by job type, gross margin by service category, outstanding receivables, and cash flow forecast — updated monthly so you make business decisions with real data. Need catch-up first? Catch-up bookkeeping gets you current.
Tax filings and legal matters — coordinated with your CPA or attorney. Turnkey CFO is a bookkeeping firm; we don't provide tax or legal advice.
A live dashboard instead of a stack of PDFs — revenue by job type, gross margin by service category, and receivables, updated every month so you decide with real data.
"Phenomenal working with Turnkey CFO — our finances have never been clearer."
Job-level profitability visible for the first time — margin by project type instead of one lump total.
"Correct workers' comp classification and clean 1099s — no more January scramble."
Master, journeyman, and apprentice coded correctly, and every single-job sub tracked from the first payment.
We learn your business — crew size, license mix, job types, current software, and where the books are breaking down.
We connect to QuickBooks, clean historical data, and set up job costing and payroll classification around your operation.
Monthly close package, job profitability dashboard, and subcontractor compliance workflows running clean — every month.
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