Accountants for Electricians in Alberta & BC

It Was Only One More Visit

Did Friday Afternoon Make It Into the Price?

You stayed another two hours, picked up a part on the way back and returned on Friday to finish. By the time you sat down to invoice, Monday's job was harder to piece together. The timesheet had the hours. The work order didn't have the extras.

Did the apprentice's hours reach the right job?
Were the parts from van stock included?
Did the returned fitting become a supplier credit?
Did the price cover that extra visit?
How much of the payment is already needed for wages and taxes?

Across multiple job sites, those details are easy to lose. And now there's another installation to price. We help check what the last one actually cost, so you can see whether the next quote needs more room.

Small Extras Add Up Fast

How Much Work Never Makes It Onto the Invoice?

Say three jobs in one week each need a 90-minute return visit, and another $150 in parts comes out of van stock without making it onto the invoice. That's 4.5 hours of additional labour and $450 in materials absorbed by the business before fuel, payroll or tax.

One callback may not look like much. Repeated across service calls and installations, missed hours and materials can change what that work is actually worth. Working alone? A Saturday callback still uses business time, even if there is no employee timesheet recording it.

From the Work Order to the Books

Accounting Services for Your Electrical Business

In the electrical trade, callouts, commercial installations and industrial maintenance tie up cash for different lengths of time. We connect your bookkeeping, payroll and tax planning so you can check the work you've done and plan what comes next.

First, Account for the Whole Job

Bookkeeping and Job Costing

Start with that return visit. We match labour, materials, subcontractor bills and supplier credits to the right work, then account for overhead. Your bookkeeping can show which job costs changed and where the next estimate needs adjusting.

See Bookkeeping Support

Then Allow for the Taxes

Corporate Tax, GST/HST and Tax Planning

Once those costs are recorded, we prepare your corporate income tax return, review tools and eligible expenses, and plan for taxes and instalments. GST/HST on progress invoices and holdbacks gets checked too, along with vehicle use and applicable BC PST.

See Corporate Tax Support

The Same Hours Feed Into Pay

Payroll, Owner Pay and T-Slips

Those hours belong in payroll too. We help with deductions, CRA remittances and T4/T5 slips, then review salary or dividends for you. Paying another electrical contractor by invoice? We check subcontractor records and any T5018 reporting requirements.

See Payroll and T-Slip Support

And What Comes Home?

Personal Tax and Finances for Electrical Business Owners

Your salary or dividends affect your personal return as well as the company books. We review owner pay and shareholder records together. Personal tax services are arranged through our Nosehill office or a trusted partner, with scope and fees agreed first.

See Personal Tax Support

Now Look at Next Week

Cash Flow Forecasting and Financial Management

Now check what next week's work needs. We forecast cash flow around materials, payroll, taxes, holdbacks and expected client payments. Before hiring an apprentice or buying another van, we can test whether the business can fund that growth.

See Advisory Services

Use the Answers While They Still Help

Would Those Numbers Change What You Book Next?

A bigger installation can bring more income and tie up more cash. Maintenance may bring smaller, quicker payments. Electricians need reports that help compare the work before the next quote goes out. With agreed ongoing support, your accounting partner helps turn the records into decisions like these:

What you're trying to work out	What TNA helps you check
Which electrical work should we book more of?	Compare service calls, installations and maintenance by costs and profitability, including return visits.
Can we manage cash flow until the client pays?	Review expected receipts alongside supplier accounts, wages, taxes and any holdbacks.
Would another van let us take on more work?	Forecast purchase or lease payments, running costs and the crew needed before committing to the expense.
Can I take more money home this month?	Check owner pay against tax commitments and the cash still needed to finish current contracts.

You Don't Have to Sort the Books First

Start With the Number You Keep Coming Back To

1. Tell Us What's Happening

Maybe payroll is due before the next payment arrives. Send a short message about what you want to work out and any tax date coming up.

2. We Work Out What Needs Checking

We'll ask about your accounting software and who keeps the records today. We can discuss working with your bookkeeper, or explain the support available if that person is you. Then we'll identify what needs checking.

3. Agree on the Work and Fees

We confirm the accounting services, reporting schedule and fixed fee. You know who to contact for advice, which records to send and what happens next. Then the agreed accounting work can begin.

TALK TO A TNA ACCOUNTANT

Helpful, patient and knowledgeable

It's always a pleasure dealing with our year end at our firm. True North is always so helpful, patient and knowledgeable. Matt and Curtis are always great to deal with, but the whole team is always helpful and great to deal with. I would absolutely recommend them for anyone looking for accounting services for their small business.

Javier

Makes the difficult conversation of taxes and running a small-business easy

True North Accounting makes the difficult conversation of taxes and running a small-business easy. I cannot thank the staff at True North, particularly their accountant Curtis, enough for their willingness to share their knowledge and expertise in a clear and concise way. As a young business owner with many questions to ask, I can say with confidence that True North genuinely cares about their clients, prospective or existing. Kudos to True North!

Ryan G.

Very professional, accommodating and prompt to address any questions

All the folks at True North have always been very professional, accommodating and prompt to address any questions or concerns we've have about our small business financials. I would recommend True North to anyone looking for financial services.

Darren

Before You Get in Touch

Questions About Accounting for Electricians

Which accounting software works best for electricians?

The best accounting software for electricians depends on how you track jobs, invoice, and run payroll. TNA works with Xero and QuickBooks, among other tools. We review your bookkeeping setup first, so a software change has a clear purpose and the records support how your electrical business runs.

What can electrical contractors claim as expenses?

Electrical contractors can claim eligible business expenses, including materials, wages, insurance and business vehicle costs. Tools or a van may need capital cost allowance instead of an immediate deduction. Keep receipts and mileage records so we can check business use and the correct tax treatment.

Can hiring an apprentice reduce our taxes?

Eligible employers may claim the apprenticeship job creation tax credit: 10% of eligible wages, up to $2,000 per apprentice per year. This non-refundable credit covers the first 24 months of an eligible apprenticeship contract. We check registration and payroll records before including a claim.

Does GST wait until the customer pays?

Usually, no. GST/HST generally becomes payable when payment is made or becomes due, whichever is earlier. An invoice can trigger tax before the money arrives. Qualifying holdbacks follow different rules. We check your contract and billing records so the return includes the tax due for that period.

How much do accountants for electricians charge?

Accounting fees depend on your records, transaction volume, payroll and reporting needs. TNA agrees on the work and a fixed price before starting. Ask which bookkeeping, tax planning and reviews are included, how often reports arrive and what could change the fees as your electrical business grows.

Should I finish my bookkeeping before contacting you?

You can contact TNA while your bookkeeping is still behind. Tell us the last period completed and whether a filing deadline is close. We review the records available, identify what's missing and agree on the catch-up work and fees. If another accountant is involved, we explain what the handover needs.

EXPERT ACCOUNTANTS FOR ELECTRICIANS

Another Full Week. What Did the Business Keep?

The lights are on, the invoice is out, and you're already at the next call. TNA connects parts hours and return visits to your bookkeeping, payroll, and tax planning, so you can see what the electrical work actually left you.

• CPA-led support for electricians and trades • Bookkeeping and job-cost reporting • Payroll and owner pay support • Corporate CRA support within scope • Fixed fees agreed before work begins