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Our Washington DC Nonprofit Bookkeeping Services Can Save You Up To 40% in Admin Costs 

With our virtual nonprofit bookkeeping services, we’ll replace your accounting department, save you up to 40%, and free you up to focus on your mission/programs.
Serving the greater Washington, D.C. area’s 5,490,000 residents and 75,579 businesses spanning from Georgetown to Woodley Park, Logan Circle, and beyond for all of your Washington, D.C. nonprofit accounting needs.
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National Council Of Nonprofits
Washington DC Nonprofit Bookkeeping Services
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Case Study

CASE STUDY: How We Helped a Nonprofit Organization Grow from $40K to $2.2M

Our Washington DC Nonprofit Bookkeeping
Services
Are for You, If You Want:

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Accurate & Auditable Financials
Nonprofit accounting is difficult. Yet at Daily Balance, it’s all we do and quality-consistency is our specialty. Because of that, you can rest assured that your books will be accurate and auditable.
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Quick, Responsive Daily Support
We are just as responsive as an in-house bookkeeper would be. In fact, you’ll feel like we’re working right next to you. In most cases, you can expect a reply within seconds!
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Increased Funding (Existing & New)
Your financial records will be so orderly that you can easily apply for and acquire new funding, making it possible to diversify your funding and increasing your sustainability in the future.
«Imagine if you were free from the daily stress of managing financials, grant invoices, and audits. Let us lighten your load, reduce your worries, and ensure every detail is in perfect order.»
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Trusted by Nonprofits

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“In addition to cutting costs for accounting, Daily Balance has been most responsive to our needs. ”

Nancy R
Nancy R.

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“Their ability to step in, respond quickly to needs, and offer cost-saving solutions has been an incredible asset.”

Evan Hawkins
Evan Hawkins FACCC

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“Daily Balance has moved us beyond a tiny little non-profit to a thriving business!”

Tina C
Tina C.

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“With Daily Balance, we’ve been able to spend 99% of our grants last year and achieve a level of financial health and compliance that we couldn’t reach before.”

Basir Azizi
Basir Azizi Mutual Assistance Network

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“Daily Balance's team of experts have a huge heart for non profits and the essential services they bring to enrich our communities.”

Debra Oto-Kent
Debra Oto-Kent Health Education Council

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“The knowledge that Daily Balance provides enables me to make better decisions in my business.”

Deborah C
Deborah C.

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“Using Daily Balance bookkeeping and tax services does not cost you; it saves you stress, time and money.”

David W
David W.

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“Syd and his team discuss solutions with us and provide solid options to consider as we are making business decisions.”

Tracey Schaal
Tracey Schaal Community Strong Strategies

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“Not being distracted by accounting issues, I can focus on increasing sales and market penetration.”

Gary W
Gary W.

CPAs Who Have Mastered Bookkeeping Services for Nonprofits

While most CPAs shy away from the confusing and complex nature of nonprofit accounting, we focus solely on it. After having worked with nonprofits with a budget of $1M+ for over 25 years, we understand how to do your accounting like few do. That’s why our clients love working with us.

We are a team of detail-oriented, can-do nonprofit accountants and CPAs who strongly value responsiveness, integrity, excellence, helpfulness, innovation, professionalism, and fun!

We look forward to working with you, so we can help you focus on your programs, reduce headaches, get more funding, produce perfect audits, and look amazing in front of your board, all the while reducing your admin costs.

Syd Highley
Syd Sign Syd Highley, CPA | Daily Balance Managing Principal

What Our Washington DC Nonprofit Bookkeeping Services
Can Do For You:

World-Class Nonprofit Bookkeeping Services

On-Call 24/7/365

No Surprises Guarantee

Proactive CPAs

Value-Focused Accounting

30-Day No Fault Agreement

Cloud-Based & Real-Time

Your Comprehensive Nonprofit Bookkeeping Services

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Comprehensive Financial Management
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Strategic Planning & Compliance
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Donation & Grant Stewardship
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Advanced Reporting & Support

Meet Your Washington DC Nonprofit Bookkeeping Team

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Syd Highley

Managing Principal, CPA
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Amy Fryatt

Director of Operations
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Julie Asuncion

Accounting Manager
Norie Fabian

Norie Fabian

Bookkeeper
Tessa Joy De Vera

Tessa Joy De Vera

Bookkeeper
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Ilonah Vivas

Bookkeeper

We'll Integrate with Your Accounting Software

Let Us Lighten Your Load

Let Us Lighten Your Load!

Book a call to discuss your nonprofit’s unique accounting needs so we can provide you with actionable recommendations that will help you take control of your financials and make a bigger difference.
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Fixed Fee

No Surprises
Guarantee

We believe in full transparency and respect, which is why we offer a fixed fee for our nonprofit accounting services – it’s often already included in your program funding anyway.
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Nonprofit Bookkeeping Services in Washington DC & Beyond

Nonprofit Accounting Resources

FAQs

How much do nonprofits pay in Washington, D.C.?
Nonprofits in Washington DC typically pay staff salaries ranging from $50,000 to $90,000 annually, depending on the role and organization size. Executive positions often exceed $100,000. Factors such as the nonprofit’s budget, mission, and location impact pay scales in the area.
How much does it cost to start a nonprofit in Washington, D.C.?
Starting a nonprofit in Washington DC requires a filing fee of $80 for the Articles of Incorporation. Additional costs include legal fees, obtaining IRS tax-exempt status (Form 1023 costs $275 or $600), and potential expenses for business licenses, which vary depending on the nonprofit’s structure.
What is the best accounting method for nonprofit organizations?
The accrual method is the best accounting method for nonprofits. It records revenue and expenses when incurred rather than when cash is exchanged, offering a more accurate financial picture of donations, grants, and obligations, ensuring better financial transparency and reporting.
How do I file a nonprofit in D.C.?
To file a nonprofit in DC, submit Articles of Incorporation to the DC Department of Consumer and Regulatory Affairs (DCRA), pay the filing fee, and apply for IRS tax-exempt status. Additionally, you’ll need to draft bylaws, appoint directors, and follow any other local registration requirements.
Do nonprofits pay taxes in D.C.?
Nonprofits in Washington DC can be exempt from federal and state income taxes, but they must apply for tax-exempt status through the IRS. However, they may still be subject to property taxes, employment taxes, and certain sales taxes unless specific exemptions apply.
Do nonprofits need a business license in D.C.?
Yes, most nonprofits operating in Washington DC need to obtain a Basic Business License (BBL). The requirement depends on the type of activities the nonprofit undertakes. Certain nonprofit organizations, particularly those serving charitable or educational purposes, may qualify for exemptions.
Can an LLC be a nonprofit in D.C.?
In Washington DC, an LLC cannot be classified as a nonprofit. Nonprofits must be formed as a corporation under nonprofit corporation laws. However, an LLC can be used in a hybrid structure, such as a benefit corporation (B Corp), if profit generation aligns with a social mission.

1 Fun & 1 Interesting Fact About Washington, D.C.

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Washington, D.C., the capital of the United States, is brimming with political and historical significance. An interesting fact about the city is that the Washington Monument, standing at 555 feet, was once the tallest structure in the world when completed in 1884, until it was surpassed by the Eiffel Tower in 1889. The monument remains a symbol of the nation’s first president, George Washington, and offers breathtaking views of the capital’s iconic landmarks. On a fun note, Washington, D.C. is home to a vibrant population of pandas at the Smithsonian’s National Zoo. The giant pandas, especially the famous duo Mei Xiang and Tian Tian, are beloved by visitors and have made the zoo a favorite attraction for decades. This unique blend of towering history and playful wildlife helps give Washington, D.C. a diverse and memorable character for tourists and locals alike.

Washington, D.C. Nonprofit Accounting Resources

Center for Nonprofit Advancement

1717 K St NW #900
Washington, DC
20006

(202) 457-0540

Philanthropy DMV

1100 New Jersey Ave., SE Suite 710
Washington, DC
20003

(202) 939-3440

Center for Public Integrity

910 17th Street, NW, Suite 1030
Washington, DC
20006

(202) 466-1300

National Council of Nonprofits

1001 G Street NW, Suite 700 East
Washington, DC
20001

(202) 962-0322

The Fair Budget Coalition

1419 V St NW
Washington, DC
20009

(202) 629-4922

What is the Greater Washington Society of CPAs?
The Greater Washington Society of CPAs (GWSCPA). This professional organization serves CPAs and accounting professionals in the Washington, D.C. metropolitan area, including the surrounding regions of Maryland and Virginia. The GWSCPA offers continuing education, networking opportunities, and resources to help members stay updated on accounting standards and industry trends. Additionally, the society provides advocacy on behalf of CPAs in local regulatory matters and promotes the profession through various programs and community engagement initiatives.
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What is the District of Columbia Board of Accountancy?
The District of Columbia Board of Accountancy operates under the Department of Consumer and Regulatory Affairs (DCRA). The Board of Accountancy is tasked with licensing and regulating certified public accountants and public accounting firms in the District. It ensures that CPAs meet the necessary qualifications and maintain professional standards. The Board is also responsible for overseeing continuing education requirements, handling complaints, and enforcing disciplinary actions when necessary to protect the public and ensure the integrity of the accounting profession in

Washington, D.C. Local Resources

Washington, D.C. Chamber of Commerce

1133 21st St NW m200,
Washington, DC
20036

(202) 347-7201

District of Columbia Office of Finance and Treasury

1101 4th Street, SW Suite 850W
Washington, DC
20024

(202) 727-6055

Washington, D.C. IRS Taxpayer Assistance Center

77 K St. NE
Washington, DC
20002

(844) 545-5640

District of Columbia Metropolitan District Department

441 4th Street, NW, 7th Floor
Washington, DC
20001

(202) 727-9099

District of Columbia City Hall

430 E St NW #115
Washington, DC
20001

(202) 879-2700

Top Companies in Washington, D.C.

Danaher Corporation

2200 Pennsylvania Avenue NW Suite 800W
Washington, DC
20037

(202) 828-0850

Amtrak

1 Massachusetts Ave NW
Washington, DC
20001

(202) 906-3000

The Washington Post

1301 K St NW
Washington, DC
20071 

(202) 334-6100

The Carlyle Group

001 Pennsylvania Avenue NW
Washington, DC
20004

(202) 729-5626

Pepco Holdings

701 9th St NW
Washington, DC
20001

(202) 872-2000

National Geographic

1145 17th St NW
Washington, DC
20036

More About Nonprofit Accounting in Washington, D.C.

Washington, D.C., the capital of the United States, has a population of around 700,000 residents. The city is known for its political significance, as it houses all three branches of the federal government, along with numerous international organizations and embassies. Demographically, D.C. is diverse, with about 46% of the population identifying as Black or African American, 37% as White, 11% as Hispanic or Latino, and 4% as Asian. The city also has a sizable foreign-born population, contributing to its rich cultural landscape.

The residents of Washington, D.C., include a mix of government employees, young professionals, students, and diplomats. Many are drawn to the city’s vibrant political scene, educational institutions, and thriving job market. Neighborhoods like Georgetown, Dupont Circle, and Capitol Hill offer a range of living experiences, from historic homes to modern apartments. D.C.’s economy is heavily influenced by government, but it also boasts a growing tech and nonprofit sector, making it a dynamic place for diverse communities.

Nonprofit accounting in Washington, D.C., plays a vital role in supporting the city’s extensive network of charitable organizations, advocacy groups, and international NGOs. Given the city’s status as a center for national and global nonprofits, accounting professionals in D.C. must navigate complex regulations, including IRS requirements for tax-exempt status and the Financial Accounting Standards Board (FASB) rules. Nonprofit accountants are tasked with managing grants, ensuring compliance with donor restrictions, and preparing financial statements in accordance with Generally Accepted Accounting Principles (GAAP).

D.C.’s nonprofit sector is diverse, ranging from small community organizations to large global entities, each requiring specialized financial oversight. Accountants in this field focus on fund accounting, ensuring that restricted and unrestricted funds are properly allocated and tracked. Many nonprofits rely on these professionals to manage federal and private grants, ensuring accurate reporting and compliance. Local accounting firms and consultants in Washington, D.C., provide critical support, helping nonprofits maintain financial transparency, which is essential for building trust with donors, stakeholders, and government agencies.

Daily Balance offers bookkeeping, audit representation, and CFO services for nonprofit organizations in the Washington, D.C. area so they can focus on their mission/programs, rather than their financials. Our clients love our quick response time, fixed fees, and our proactive solutions.

Nonprofit Accounting Firm Washington, D.C. Also Serves Cities Around Washington, D.C.

Arlington, VA
Alexandria, VA
Bethesda, MD
Silver Spring, MD
Falls Church, VA
Fairfax, VA
Rockville, MD
Gaithersburg, MD
Hyattsville, MD
College Park, MD
McLean, VA
Reston, VA
Vienna, VA
Annandale, VA
Greenbelt, MD
Takoma Park, MD
Wheaton, MD
Herndon, VA
Springfield, VA
Laurel, MD
Lorton, VA
Fort Washington, MD
Potomac, MD
Bowie, MD
Lanham, MD
Oxon Hill, MD
Upper Marlboro, MD
Clinton, MD
Burke, VA
Tysons, VA

Washington, D.C. Nonprofit Accounting Firm, in Washington, D.C. is near The United States Capitol which is close to Shaw, Woodley Park, and Logan Circle. Lincoln Memorial, National Mall, and Washington Monument are also nearby.
Other locations we serve: