Frequently asked questions

Not sure where to start or whether K. Graham is the right fit? Here are answers to the questions we hear most often.

About our services

What's the difference between bookkeeping and accounting advisory?

Bookkeeping keeps your day-to-day financial records accurate and organized — think transactions, payroll, and reconciliations. Accounting advisory goes a layer deeper, helping you interpret your financials, plan strategically, and make confident decisions about where your business or organization is headed. At K. Graham, we offer both.

What types of clients do you work with?

We work with small businesses, nonprofits, government contractors, and federally funded organizations. If you're navigating complex compliance requirements — FAR, Uniform Guidance, indirect cost rates — you're exactly who we built this practice for.

Do you offer one-time services or ongoing support?

Both. Some clients need ongoing bookkeeping, payroll, and compliance support on a monthly basis. Others come to us for a specific project — an audit preparation, a compliance review, or help setting up their accounting systems. We'll find the right fit for where you are.

What accounting software do you work with?

We're QuickBooks Online certified (Levels 1 & 2) and QuickBooks Payroll certified. We can work within your existing systems or help you set up the right tools from scratch.

Government contractors & compliance

Do you work with government contractors?

Yes, this is one of our core specializations. We have deep hands-on experience with FAR compliance, indirect cost rate structures, cost pool management, and audit readiness for organizations that hold or pursue federal contracts.

What is FAR compliance, and do I need it?

FAR stands for the Federal Acquisition Regulation. It is the set of rules that govern how federal contractors manage and report costs. If your organization receives federal contract funding, compliance with the FAR is required. Non-compliance can put your contract, funding, and reputation at risk. We help you get and stay compliant.

What is an indirect cost rate, and how is it calculated?

An indirect cost rate is a way of allocating overhead and administrative costs across your federal awards or contracts. It's calculated by dividing your indirect (overhead) costs by a direct cost base — typically direct labor or total direct costs. Getting this right matters: an incorrect rate can lead to cost disallowances or audit findings. We handle this for our clients regularly.

Nonprofits

Do you offer services for nonprofits?

Yes. We understand the unique financial and compliance requirements nonprofits face — including Uniform Guidance (2 CFR Part 200) for federally funded organizations, grant reporting, and audit readiness. Our Nonprofit Fiscal Foundation Checklist is a free resource to help you assess where you stand.

Getting started

How do I know if my organization is audit-ready?

Signs you may not be audit-ready include disorganized or incomplete records, lack of written financial policies, no separation of duties, or inconsistent month-end close processes. If any of those sound familiar, we can help. We design internal control frameworks and documentation systems that eliminate audit findings before they happen.

How do I get started with K. Graham?

Simply reach out through our contact page and tell us a little about your organization and what you're navigating. We'll schedule a consultation to discuss your needs and determine the best path forward together.

Still have questions?

Please schedule a free consultation. We are happy to talk through your specific situation.