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What is the way to edit my electrical invoice example for corporations online?
To edit an invoice online, simply upload or select your electrical invoice example for corporations on airSlate SignNow’s platform. Once uploaded, you can use the editing tools in the tool menu to make any necessary changes to the document.
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Signing your electrical invoice example for corporations online is straightforward and easy with airSlate SignNow. To start, upload the invoice to your account by selecting the +Сreate -> Upload buttons in the toolbar. Use the editing tools to make any necessary changes to the document. Then, select the My Signature option in the toolbar and choose Add New Signature to draw, upload, or type your signature.
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Making your electrical invoice example for corporations template with airSlate SignNow is a quick and easy process. Simply log in to your airSlate SignNow profile and select the Templates tab. Then, choose the Create Template option and upload your invoice file, or select the available one. Once modified and saved, you can easily access and use this template for future needs by picking it from the appropriate folder in your Dashboard.
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Yes, sharing forms through airSlate SignNow is a secure and trustworthy way to work together with peers, for example when editing the electrical invoice example for corporations . With capabilities like password protection, log monitoring, and data encryption, you can be sure that your files will remain confidential and protected while being shared online.
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There are multiple free solutions for electrical invoice example for corporations on the web with different document signing, sharing, and downloading restrictions. airSlate SignNow doesn’t have a completely free subscription plan, but it offers a 7-day free trial allowing you to test all its advanced capabilities. After that, you can choose a paid plan that fully caters to your document management needs.
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What are the benefits of using airSlate SignNow for electronic invoice management?
Using airSlate SignNow for electronic invoice management speeds up document processing and reduces the chance of human error. Moreover, you can track the status of your sent invoices in real-time and get notifications when they have been seen or paid.
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Electrical invoice example for corporations
as an electrician how are you supposed to price jobs like what methods do you use do you like just add a little bit of margin figure out how much things cost do you charge an hourly rate do you charge by the square foot let's break into it now before we get started we offer continuing education yes we're approved in a whole bunch of different states you can go to electricianu.com click on the little bar on the right go to continuing education and we have a bunch of different states we have more states that we're adding so if you don't see your state soon enough i promise we will have it we're spending all of 2022 pretty much trying to make sure that we're in as many states as possible but it's dope you just get to watch videos of me doing this then we have ground just says the earth and you get credit for it so check the link out below hope to see you in class. what's going on everybody i'm dustin selzer with electricianu and uh this whole topic I get tons of people uh over the years that that email me and they're like i'm going on my own i don't know how to price things or i'm trying to do side work and i shouldn't be but i'm trying to figure out how to charge stuff i've had apprentices that used to work for me figure out like you know same thing what do i even charge to do any of this stuff so let's break into it a little bit so there's a couple of different methodologies that you can go by and there's so many different segments of our trade that there's a bunch of different ways that people come up with pricing and i've worked for several different companies every single one of them works a little bit differently because each one of them does a different type of work so while one pricing method may work for a small service company a large service company is going to be very different or a new construction company that specializes in commercial is going to do something way differently than anybody doing anything in service but especially for somebody that's doing you know like uh track homes or multi-family stuff or doing remodels or you know there's just a lot of things to consider so the way that i'm going to split this up is i'm going to talk about five different methods i'm not really going to go specifically like if you're doing new construction these are your methods and if you're doing you know service these are your methods i'm just going to kind of talk about all of them so the first one to think about is something called time and material usually time and material is going to be a method that you're going to use if you're running into a situation where you don't really know how long something's gonna take and it could potentially be a price or it could be it get extrapolated out to be a crazier price because you just don't know what you're getting into so time and material i will usually use for work where there's a lot of troubleshooting a lot of unknowns probably some sort of remodel environment where it's like look this could be a certain thing but once we open all of this stuff up it could be this and so the best way for me to give you kind of accurate spending is to just go time and material so i'll tell you what my hourly wage is say it's 150 an hour and uh all the materials i buy i'm gonna turn in receipts from you i'm gonna add margin because that's my policy as a company it's a way to ensure profit by saying you know like we spent three thousand dollars of material so i'm going to add 30 or i'm going to add 50 or 100 whatever you want your margin to be so the time it takes me to go procure all these materials and to try to order things and especially now with all the shortages that we're dealing with like you could spend a considerable amount of time and your time is worth money so you shouldn't just be giving time away for free you're actually doing work you're going and driving around it's costing you gas that's costing you you know like insurance it's costing you time hours that you should be getting paid and that you could otherwise be getting paid out on a job site swinging hammers you know if you're actually going out and doing work so time and material is basically just this is the amount of time that i think it's going to take but i don't really know so what i would rather do is just pick an hourly wage and i'll say that you know maybe every eight hours every day every like week whatever the time is i'm gonna let you know that i've spent this much time at my hourly wage so you can kind of keep track of it as i'm going and these are the materials that i've spent with my markup on them that is time and material and a lot of people use time and material but most people are not doing time and material all the time again it's usually just environments where it's kind of just a moving target and the price could change quite a bit the second method is called cost plus so cost plus is not something just in the trades but cost plus is i'm going to figure out the totality of what i think this is going to cost to do this job and i'm going to add a certain percentage to that for the margin for the profit that i would like to make on top of the cost so less often you're going to use this in an unknown environment a lot of times people will price this off of a known set of hours or a known task that they have in front of them a lot of new construction jobs are done this way they don't really call it cost plus but it is figuring out it's going to take me x amount of crews to do this over x amount of hours it's going to cost you know y materials so i'm going to come up with z profit that i want to add to the end of what i think this is going to cost me the next method that a lot of people use when doing new construction specifically is to do square foot pricing so i don't personally use this method but i do use it to kind of check my numbers because i know other people do use this method so when i'm going and doing a bid on a job the the cost in the area that that the jobs you're getting versus the jobs you're losing you'll be able to monitor this over time but based off of other bids that you might have been privy to that you see what you know other jobs are being done you can kind of over time get the idea of in your area what uh residential homes are going for per square foot so for a large scale custom home it could be ten dollars a square foot with expensive materials going on um it could be in commercial that it's twenty dollars a square foot cost per square foot if you had like a fifteen hundred square foot house and you were charging ten dollars a square foot that would be fifteen thousand dollars to wire that house and you could break that up into separate draws so a lot of people when they first start out they'll do like i want half up front and half when the job's finished or some other people might go into thirds they might say like i want a third up front i want a third when i finish my rough in and get a roughin inspection passed and then i won another third at the completion of the job so there's a whole bunch of different ways that you can do it not everybody does it the same way and it needs to be that way so a lot of people think well oh my god you're charging 125 an hour you're an electrician this company over here is charging 92 dollars an hour and it's like yeah but they're probably adding 100 markup on their materials you know so like nobody prices the same do you have to figure out what your pricing is and really we can talk about this in a different video but you need to figure out what it costs for you to be in business because you don't want to just be hemorrhaging money and not making enough to pay all of your bills so you need to know what does it actually cost me an hour to be in business what is you know all of the the uniform cleaning and the overhead the payments on my company vehicles the insurance on my vehicles the people's salaries the wages everything that you spend um on your company you need to add all of that up and figure out you know over a year what does it actually cost me and then how do i break that into an hourly wage how do i break that down to monthly how do i break it down to weekly you know daily hourly and you need to figure out what your actual cost is to be able to come up with your hourly wage but just know lots of people have different pricing and for a workplace to be competitive it needs to be that way if everybody's charging the same price you see that a lot in like vet clinics veterinary offices it's super competitive and everybody has to charge a certain amount or else you will not get work it's not the case with construction there's so much construction going on and people are in such demand right now that you can get away charging whatever you want and whenever somebody says yes i mean you price it to what people say yes to right so a lot of times you might um price things higher than because you don't want the job that is something that i've done a lot i have uh i've always been the cheap guy right and when i first started out i was like i want every job i want to make sure that i'm getting all these customers and then you're breaking your back and you're barely making any profit and you should be charging more to kind of stave off some of that work so then i've raised my prices uh too much i've gotten to the point where it's like all right i'm just gonna double triple everything you know let's see what happens and you still get yes's in the door but you find a lot more people start to just say no and go elsewhere so there's a kind of a middle point when you're figuring out your wage and what you should charge is what am i getting what's my worth how many people want me to be working and you raise your prices to a certain point where uh about you know half the calls that you're getting people are are good with your pricing and the other half people aren't good with it that's kind of the sweet spot it seems because then you're able to pick the kind of work you want to do rather than having to just do everything that comes in the door and i would rather work less and make more per job just so that i'm like at ease and i'm not tearing my mind apart trying to do all of this work so that's just my methodology but a small company could probably get away with that whereas a large company probably can't a large company needs to be a lot more solid with the prices that they're charging and they need to be universal across the board they have margins that they have to figure out and market share actually means a lot to them so they can get away charging less to get more volume of work to keep more people working whereas a small company doesn't really have that much overhead to charge so they can charge more per hour and do less work so there's a little bit of of trying to figure out kind of like where you're at on the spectrum of all of that the next thing that i've noticed people do price wise is they charge by the task and this is what i actually started doing when i started doing my own side work illegally don't do side work we'll do another video coming up you shouldn't be doing cyborg but we all do side work so skipping over that at that point when i was doing illegal side work i was charging by the tasks so if i had sconces that somebody wanted home i would charge a certain dollar amount i would charge like 60 bucks to hang all light and then if i had to get a taller ladder and it was like 12 feet or 14 feet or something like that and i had to figure in the the cost of like what it's going to cost them to go buy a ladder and do it or rent a ladder and do it themselves versus the extra time it's going to take me to have this big ladder and have to move all of their stuff around or if it's a 16-foot a-frame ladder and you have to have two people to get that thing off your truck and come in and you know there's a lot of things that you figure out these specific tasks would actually cost you a certain amount of money so you can just charge by the task so some people will charge a hundred dollars to hang a chandelier they might charge two hundred dollars to uh hang a ceiling fan and then if it's a ceiling fed with an eight foot rod that's got a programmable remote and it's got you know 60 inch blades they might charge something different but they can figure out by the task what each thing is uh is able to be charged so replacing a receptacle that has less than 50 feet of wire coming off of something you know like that could be a certain price or if it's over 50 feet to up to 200 feet because you're figuring out how much material is it gonna cost to to do this and then how much money extra do i want to just make on this for it to be worth my time to do it so uh that's one thing it's just by the task that people charge then the last one to talk about is an estimating program or estimating software there's a lot of companies out there that use estimating software most of the time you have to pay to use them and then there's some kind of hybrid software out there that's like scheduling and fleet maintenance stuff service titan is one field pulse is another one a house call pros one where they do a whole bunch of things but part of the the software is that it allows you to build invoices and send invoices and take payment and all of that stuff so a lot of times they'll have like line items inside of them where you can pre-program your pricing for certain tasks and things like that you can have an hourly wage you can do a lot of these things within software usually larger companies are using software because they want to be as accurate as possible they want to have margin that's very specific on very specific things you can program in the amount of time you think it it takes to replace one receptacle and you can add to that the cost of a receptacle and you can have all these values already figured out in a software so that you can hire somebody to just come in that you know may have been an electrician in the past some master electricians will just go to work for some of these larger companies and they will just do estimating for this company so they will open up a computer they've been in the field they know how long things take they know what materials cost and things like that so they're really really good at figuring out what job costing is all about so they will use estimating programs i don't recommend anybody go out there and spend a whole crapload of money getting an estimating software i think microsoft excel or google sheets slides sheets docks sheets that's the one uh works just fine for most people until you start hiring and you need to be a little bit more precise you find that you're like losing money in places and you need to start kind of tightening things up that's where i would say start getting some estimating software but usually that's for the larger companies now so we've hit the five different kind of methodologies in how people bid one other thing well two other things there's two things to consider when you're pricing things out i think it's a good idea if you're doing service work not necessarily new construction but service work you're going to be going out to a job you're probably going to get paid immediately right then and there and leave and you don't mess with that customer again until you know they call again in the future but i think for a service company it's really important to charge a trip charge you can give away you know free estimates if you want to you don't have to some companies call or some customers will call and be like this company over here charges 99 to come and do a service call or just to do an estimate it's like well they can do that i mean if they have lots of work and they're getting tons of work and they got a great reputation people will pay a hundred dollars to have somebody come out and do an estimate you know and that usually gets applied to the job if they accept the job that's okay that's not wrong to do it's just the way that they do things some people like to give away free estimates and they put that right immediately in advertisement or on their you know their website free estimates and that works too that gets a lot of people in the door but they might have a higher hourly wage or something like that a lot of service companies though they will charge a trip charge so every trip that i have to take out to your job and do something i'm going to charge a flat rate trip charge that covers any kind of gas it covers any kind of time uh that has been taken to to drive out to a spot because even doing estimates it takes time and it takes gas you got the insurance you got all of these other things that you're not collecting any money to go out and do this estimate and the customer might say no and go hire somebody else so it's understandable to charge a trip charge for every single trip because a lot of the jobs you will get a lot of the jobs you won't get some of the jobs you have to take multiple trips for and some of them that you don't and so kind of overall it ends up balancing out to be profitable to do that so usually what i do is i charge a 50 trip charge i charge 150 or 200 an hour kind of depends on the situation and what it is that's just pricing for me by myself no overhead no big company that's just what i want to make so for me it's automatically 200 for me to show up at your door and a lot of people don't want to pay that but so many people want to pay that that i need to charge more because it's just too much i can't handle the volume by myself and i don't want to have to go hire a bunch of people so if i just raise my rates and go with a higher price i'm still going to have a wait list of people but i get to pick the jobs that i want and i get to make more money just staying small and doing things like i'm doing them so that is the trip charge the other thing to consider is the minimums so if you you know if you're looking through all these different options that we just talked about trying to figure out what you want your pricing to be i would think for a second what is the minimum amount of money that's worth my time to show up at a job to do something for me i don't get out of bed to go i don't care if it's to reset a gfci i don't care if it's you know i'm just literally like taking a broken switch out of the wall and putting a new one in for me to come to your house and spend my lifetime that i don't get back ever again to work to do any amount of work for you at all whatsoever it's a minimum of two hundred dollars for me to show up 200 dollars it's like all right cool that basically bought me groceries for the week you know like it that's worth my time some people's threshold for that is way lower some people are like dude for 50 bucks like i need 50 bucks today so 50 bucks is is what you think your minimum is but i think really having looking at things from that side of the lens is really important and one last note make sure what you're charging you're actually worth so in all of this where i'm like oh yeah you can add material margin over here and you can add all this and make all of this if you know 100 that you're not as good as other companies at doing whatever the thing is that you're trying to do like maybe you're best at a small new construction but you're trying to dip your foot in the commercial service world you should not charge what other big companies that only specialize in commercial service do you shouldn't be more expensive than them you can be i mean you're just going to be found out that you're not very good at something so i would kind of try to keep that in perspective like what do i actually think that i'm worth and then as you're getting more experience raising your prices makes sense it's always it's always easier to to come down from your pricing it's always uh really hard to go up from a price that you've already given to somebody so don't ever like undercut yourself don't ever charge too little to where it's not worth your time and you're you know wasting all this money anybody that's like oh i got six houses that i want you to wire and if you give me a good price on this one they're never gonna call you again they're gonna get that price out of you for that first one and when you're done they're going to go to the next person they're going to go to some other electrician and they're going to have that same conversation and they're going to get them to undercut the pricing and they're going to do that again most of the times they don't have all these jobs or they might have all these jobs but they know in the back of their mind they're probably like way off and they're not even going to do them they're just telling you that to get a cheap price don't lower your prices if you don't have to i understand when you're very first starting out when you are very very very first starting out you kind of can't be picky right phones you need the phones to ring you need jobs you need to do that that makes sense once you get six months under your belt a year under your belt of running a company and get figuring all this stuff out you get busier and you've kind of got a pipeline of work for the next couple of months that's when you need to really start having a serious thought about your pricing and making sure that you're you're okay you're comfortable with the customer hanging up on you because they don't like your pricing you need to be able to stand firmly by your pricing feel like yes i am worth what i'm charging or i have enough work coming in that i don't give a [ __ ] if this person says no because i've got 10 other bids coming in that i got to finish this week doesn't matter that's the sweet spot that's that spot that you want to be in because we're in this to be profitable we're not in this to do favors for people i don't care that your breaker's tripping you know if you're a sweet old lady and your breakers trip and you're out in the middle of the wilderness or something like that like yeah i mean not i'm guilty of like just trying to help people out from time to time especially elderly there's a soft spot in my heart that i i just care because a lot of people don't i don't know but other than those situations where i feel in my heart or you know they've done a favor for me or something like that other than i don't give a [ __ ] like i'm in this to make money everything i do needs to make money and it needs to make more money than it costs because yes i'm trying to make a profit on every single job not trying to break even trying to grow and put money in the bank in savings that's why i took the risk to go out on my own and make my own business out of this rather than just getting an hourly wage for 25 bucks an hour 30 bucks an hour to be a journeyman at somebody else's company that risk is worth the reward of making sure that you are making money that you're saving you get extra money at the end of it so uh enough blabbing at you sorry i hope that provided enough value for any of you guys thinking about pricing and how to do all of that um let me know if you have any questions comments if i missed anything if there's different ways you do stuff please leave them in the comments below love you crazy people see you next one. 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