Kutchins, Robbins & Diamond, Ltd. Certified Public Accountants and Advisors

Non-Profit Outsourced Accounting Services

Although non-profit organizations tend to focus on their cause rather than profit margins, it doesn’t mean they should focus less on their financial situations. It’s important for non-profits to focus on their financial situation so they can improve program efficiencies and meet various funding requirements.

Obtaining and implementing these financial insights can feel overwhelming, but it doesn’t have to be. Here are a few reasons why non-profits outsource their accounting services.

In-House Staff Can Focus on Mission-Driven Activities

Many non-profits operate under tight budgets. This often means they employ fewer staff members than for-profit organizations; however, bookkeeping, payroll and other financial responsibilities are still time-consuming processes that need to be updated regularly.

When non-profit organizations shift their financial responsibilities to outsourced accounting firms, the organization’s employees can devote their time to mission-focused tasks.

KRD works with various organization types, including:

  • Medical and Trade Associations
  • Social Service Organizations
  • Medical Associations
  • Private Foundations

Outsourced Accounting Services Can Assist with Tax Returns

Non-profits still need to file tax returns each year, even though they are tax-exempt. The tax return for non-profits is one of the most complicated returns to file. There are many rules and regulations around reporting revenue and expenses for 501(c)(3) organizations. Outsourced accounting services, like KRD’s, can provide CPA expertise and guidance which will ensure your compliance and tax readiness.

Outsourced Accounting Services Help Reduce Labor Costs

Hiring new staff is expensive. Some costs to consider when hiring a part or full time bookkeeper include, payroll increase, training, new technology, computers, office space, unemployment taxes, Social Security, Medicare, health insurance, vacation time and sick leave and the list goes on.

Non-profit organizations that hire outsourced accounting staff typically see an overall reduction in cost. Outsourced accounting staff can also build a schedule and determine monthly reoccurring payments, which can help plan your budget for the year.


Read the latest news
from KRD and find out more.

Extended Consolidated Appropriations Act Benefits for Individual Taxpayers
IRS News: CP59 Notices
New Podcast: Preparing a Business for Sale

Request a callback

Would you like to speak to one of our financial advisors over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you prefer.

    I would like to discuss:


    1051 Perimeter Drive, 9th Floor
    Schaumburg, IL 60173

    Office: 847-240-1040
    Fax: 847-240-1055


    35 E. Wacker Dr., Suite 690
    Chicago, IL 60601

    Office: 312-201-6450
    Fax: 312-201-1286