Elite plus Accounting

Keeping Your Books Out of the Dark

From chasing invoices to staying on top of BAS, we make sure your electrical business runs smoothly — no shocks, just clear numbers.
Electrician’s Guide to Bookkeeping & Finance

Electrician’s Guide to Bookkeeping & Finance

Being a sparky isn’t just about running cables or wiring up switchboards — it’s also about keeping your books in order. Invoices, payroll, BAS, supplier bills, and cash flow can pile up faster than a full day’s job list.

At Elite Plus Accounting, we get the challenges electricians face: project-based income, tool and equipment expenses, supplier payments, and the ups and downs of seasonal work. We’ve built bookkeeping systems designed for tradies that make it simple to stay compliant and profitable.

Our cloud-based solutions let you:

  • Track job costs and invoicing so you know exactly what each project’s worth.
  • Stay on top of payroll for apprentices, staff, and subcontractors.
  • Keep compliant with BAS, GST, WorkCover, and payroll tax.
  • Manage cash flow so you’re never left short when work slows down.

Whether you’re working solo or running a full crew, we’ll keep the numbers sorted so you can stay on the tools — and still grow your business with confidence.

Why Electricians Choose Elite Plus Accounting

Electricians face unique financial challenges — from quoting jobs and managing variations to staying on top of payroll and compliance. At Elite Plus Accounting, we know the electrical trade inside and out, and we’ve built solutions that help spark long-term growth.

Why Electricians Choose Elite Plus Accounting

Real Insights You’ll Actually Use

Clear dashboards show project profitability, job costs, and margins — helping you make smarter decisions every week.

We Get Project-Based Finance

Industry Know-How

With years of experience supporting trades, we understand project-based income, seasonal demand, and the true costs behind running an electrical business.

Profit First, Not Just Compliance

Cash Flow Made Simple

We keep your deposits, supplier bills, and progress payments in line so you’re never caught short.

Compliance without the headaches

Compliance Without Stress

From BAS and GST to payroll tax and award rates, we take care of the paperwork so you can focus on the tools.

Who We Work With in Electrical

From solo sparkies on the tools to large commercial crews, we provide accounting solutions that keep your electrical business compliant, profitable, and ready to grow.

Who We Work With in Electrical
Here are the types of clients we support:
Independent Architects & Solo Practitioners

Independent Electricians & Sole Traders

Staying on top of invoicing, BAS, GST, and cash flow while you’re out on the job.

Multi-Practitioner Clinics

Residential Electrical Businesses

Tracking materials, labour, and job profitability across home builds, renovations, and fit-outs.

Commercial Electrical Contractors

Commercial Electrical Contractors

Managing payroll, subcontractor costs, progress claims, and multi-site projects without the admin headache.

Specialist Electricians (HV, Solar, Data & Comms)

Compliance, cash flow, and asset tracking for high-value projects and specialised equipment.

Multi-Entity Electrical Groups

Multi-Entity Electrical Groups

Consolidated reporting, intercompany reconciliations, and CFO-level insights for businesses running multiple entities or locations.

Case Study: Boosting Profitability for a Growing Electrical Business

The Challenge

A family-run electrical contracting business in Melbourne was growing quickly, but their books weren’t keeping up. They relied on paper invoices, had no real system to track project profitability, and cash flow was constantly tight because clients often paid late. The owner admitted he was “working harder than ever but never sure if we were making money.”

Our Approach

  • We transitioned them from paper and spreadsheets into Xero, linked with job management software used by tradies.
  • Set up automated invoicing and reminders to keep cash coming in faster.
  • Introduced job costing dashboards, so the owner could see which projects were profitable and which ones were blowing out.
  • Implemented monthly management reports that showed cash flow forecasts, expenses by category, and clear profit margins.

The Result

  • Average debtor days reduced from 45+ to under 20.
  • The owner could instantly see margins per job, helping him quote smarter and protect profits.
  • By tracking expenses properly, the business identified unnecessary costs, saving over $18,000 annually.
  • With reliable financial reporting, the business secured finance to expand their fleet of service vans.
Money_back_image

Supporting Electricians at Every Stage

Whether you’re starting out as a solo electrician or running a team across multiple worksites, we know the financial challenges unique to the trade. We help you track profitability on each project, manage equipment and vehicle costs, and stay on top of award wages and compliance. With tailored reporting and CFO-level insights, we give you the spark to plan for long-term growth.

What Our Client Says

“They’ve made award wage compliance and payroll easy. My apprentices get paid right every time, and I stay compliant.”

Residential Electrician, Wellington

Residential Electrician, Wellington

Residential Electrician

“With their monthly reporting packs, I know exactly where the business stands. It’s like having a CFO without the full-time cost.”

Electrical Business Owner, Gold Coast

Electrical Business Owner, Gold Coast

Electrical Business Owner

“EPA set up simple systems in Xero that even my team can use. No more lost receipts or messy spreadsheets.”

Sole Trader Electrician, Adelaide

Sole Trader Electrician, Adelaide

Sole Trader Electrician

“We finally understand which jobs are profitable and which ones are blowing out. Their reports save us from costly mistakes.”

Partner, Commercial Electrical Firm, Auckland

Partner, Commercial Electrical Firm, Auckland

Commercial Electrical Firm, Auckland

“Elite Plus helped us get paid faster with automated invoicing and reminders. Cash flow has never been smoother.”

Owner, Electrical Services Business, Perth

Owner, Electrical Services Business, Perth

Electrical Services Business

get in touch

Power up your business with smarter financial systems.

Book a free consultation today and see how Elite Plus Accounting helps electricians streamline projects, keep cash flowing, and plan with confidence.

Questions

Frequently Asked Questions

Can you help with job costing and invoicing?

Yes — we track materials, labour, and variations so you bill accurately and protect your profit margins.

Absolutely — we handle award compliance, PAYG, superannuation, and timesheets, making payroll stress-free.

Yes — our services scale with your business, from one-person operations to multi-crew companies.

Yes — our packages cover bookkeeping, BAS lodgements, payroll, management reporting, and Virtual CFO support.

Yes — we’re CPA-led and registered BAS agents, with years of experience helping sparkies meet GST, PAYG, and ATO compliance requirements.