I have accountant ,my missis ,f**k quick books .but cooking the books .
 
  • Funny
Reactions: sparkdog and Mark.W
£250 a day! I need to put my charges up.
 
Even for domestic?
Typical pricing for me in domestic work in Bath is £40 first hour £30 subsequent hours for small straight forward jobs.
Charge higher for out of hours call outs and weekends. If the job is larger then I will give a day rate for the job, the rate varying depending on nature of job. if its chasing, drilling and physical work then a bit more. If its just changing a couple dozen accessories in a house then a lower day rate.
 
  • Agree
Reactions: sparksfly
I charge electricians out at £35 per hour or £350 per day.

I look to make a 100% mark up on my guys.

10% only on materials which is pretty standard in the non-domestic setting.

An ideal for me is a 20% profit on a job once everything is paid.
 
  • Informative
Reactions: sparksfly
I use KashFlow, which is nice for quoting, invoicing etc. Looked at Xero but not really looked at Quick Books. I've only been Self Employed since May last year, before that I was always on the cards, so this is a good learning curve for me, and your advice and knowledge is much appreciated. At the moment my O/H vary from £400 to £900pm because I've had van signage, clothing etc. I think once that all settles down I'll have a better understanding of my monthly O/H's.

Your first year will always have high costs due to the things you have identified.

For the last 6 years my annual overheads have been around £6 k per year. I have been SE for 8 years, the first 2 years were higher...

You need to do a business plan which identifies what your monthly costs are such a fuel, the the annual costs such as insurances, mot, servicing, scheme fees, calibration etc and know when they fall....

This way you will know what your fixed annual costs are and what your variable annual costs are ....

I plan to buy new tools in months when high fixed costs fall ...
 
I use Quick Books, so at the end of every month I can see to the penny how much profit I've made, and precisely what my overheads were .....

BUT as we all know overheads vary per month so budgeting and having spare cash in your business account is very important.

Thanks for this I have now changed from Kashflow to QuickBooks, its a lot better.
 

Similar threads

OFFICIAL SPONSORS

Electrical Goods - Electrical Tools - Brand Names Electrician Courses Green Electrical Goods PCB Way Electric Underfloor Heating Electrician Courses Heating 2 Go Electrician Workwear Supplier
These Official Forum Sponsors May Provide Discounts to Regular Forum Members - If you would like to sponsor us then CLICK HERE and post a thread with who you are, and we'll send you some stats etc

Advert

Daily, weekly or monthly email

Thread Information

Title
How do you guys cost your jobs?
Prefix
N/A
Forum
Business Related
Start date
Last reply date
Replies
45

Advert

Thread statistics

Created
Mark.W,
Last reply from
Mark.W,
Replies
45
Views
11,827

Advert