Industries
Nonprofit Accounting in the DC Metro Area
Fund Accounting, Grant Tracking & Reporting for Mission-Driven Organizations
Nonprofit organizations need more than bookkeeping. They need accurate financial records, responsible fund management, dependable grant accounting, and reporting that supports accountability to leadership, boards, grantors, and other stakeholders. kNOw Taxes provides bookkeeping and accounting support tailored to the needs of nonprofit organizations in Falls Church, Fairfax, Burke, Arlington, Alexandria, and across the DC metro. With more than 25 years of accounting and financial management experience — including nonprofit financial operations and grant-related accounting — we understand organized records, applicable accounting standards, and financial information your stakeholders can trust.
GAAP and FASB-Based Accounting Practices
Nonprofit financial reporting has requirements that differ from for-profit accounting. We bring experience with Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) guidance relevant to nonprofit reporting — appropriate transaction classification, consistent procedures, accurate reconciliations, and records organized for applicable reporting requirements.
Fund Accounting and Restricted Funds
Nonprofits often manage contributions, grants, and other resources that must be used for designated purposes. We help you distinguish general operating resources from funds subject to donor restrictions or grant requirements — tracking restricted and unrestricted funding, reconciling fund balances, and supporting reporting that shows how resources are received and used.
Grant Accounting and Financial Reporting
Grant-funded organizations need reliable records that demonstrate funding is accounted for appropriately and expenditures are documented. Our experience includes reviewing grant agreements, tracking eligible expenditures, monitoring grant periods, maintaining grant-related receivables, and supporting revenue recognition under applicable requirements and grant terms.
Budgeting and Financial Statements
Leadership needs clear financial information to evaluate programs, manage resources, and plan ahead. We support budget preparation, budget-to-actual comparisons, and ongoing expense monitoring.
General Ledger and Month-End Closing
- General ledger maintenance and journal entries
- Bank and credit card reconciliations
- Accounts payable and accounts receivable
- Revenue and expense classification
- Accruals and other adjusting entries
- Month-end and year-end closing support
- Review and cleanup of accounting records
Experience You Can Rely On
Our accounting background includes nonprofit financial management, grant-related accounting, general ledger operations, financial reporting, budgeting, reconciliations, and audit support.
Supporting Your Mission Through Better Accounting
Your mission deserves a dependable financial foundation. kNOw Taxes helps nonprofits in Falls Church, Fairfax, Arlington, Alexandria, Bethesda, and across Washington DC strengthen their accounting processes, organize grant and fund records, and improve the quality of their reporting — whether you need ongoing bookkeeping, grant accounting support, reconciliations, or help organizing historical records. We welcome the conversation.
Contact kNOw Taxes