Electrical P&L Template

Once the structure matches your business, enter your monthly revenue and direct costs from your job cost reports or accounting software. The Job Cost Summary sheet is worth filling out project by project: enter each job's contract value, change orders, and actual costs, and the sheet calculates gross profit and margin per project automatically. This is the view that tells you whether individual jobs are performing to their estimated margins — information that gets lost when everything rolls into the monthly total. Compare your actual wire and materials cost against your bid estimates for a quick read on estimating accuracy and markup effectiveness.

A proper electrical P&L tracks two cost drivers that generic templates miss entirely. First, labor tracked separately by journeyman and apprentice rates, because the mix on a job directly affects your cost and your billing rate. A project staffed heavily with apprentice hours at lower billing rates will look different on margin than the same hours staffed with journeymen — and both are different from a service call where you're billing at premium rates. Second, materials markup as a distinct revenue and cost category: many electrical contractors generate meaningful revenue from materials sold to clients, and tracking markup percentage separately from labor gross margin gives you a clearer picture of your true profitability by work type.