As Your Chicago Nonprofit Accountant, We’ll Save You Up to 40% in Admin Costs
Are You Frustrated By…
- Being off your mission and programs because you’re sidetracked by admin tasks
- Never being able to catch up on your books
- Looking like a fool in front of your board
- Missing out on funding opportunities because of disorganized financials
We’re the Perfect Chicago Nonprofit
Accountant for You, If:
What Chicago Nonprofit Accounting
Services Do You Need?
- Internal bookkeeping (including grant fiscal management)
- Audit representation
- CFO advisory
- Nonprofit auditing (we work with your external auditor)
- Tax services
- Short-term consulting
We’ll replace your nonprofit accounting department
CPAs Who Have Mastered Accounting 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, CPA | Daily Balance
Managing Principal Trusted by Nonprofits
“In addition to cutting costs for accounting, Daily Balance has been most responsive to our needs. ”
“Their ability to step in, respond quickly to needs, and offer cost-saving solutions has been an incredible asset.”
“Daily Balance has moved us beyond a tiny little non-profit to a thriving business!”
“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.”
“Daily Balance's team of experts have a huge heart for non profits and the essential services they bring to enrich our communities.”
“The knowledge that Daily Balance provides enables me to make better decisions in my business.”
“Using Daily Balance bookkeeping and tax services does not cost you; it saves you stress, time and money.”
“Syd and his team discuss solutions with us and provide solid options to consider as we are making business decisions.”
“Not being distracted by accounting issues, I can focus on increasing sales and market penetration.”
Your Virtual Nonprofit Accounting Department:
Bookkeeper, Audit Advocate & CFO
Bookkeeper
Real-Time, Precise, & Audit-Ready Financials
- Ensure all transactions are posted to the correct general ledger and cost-center
- Optimize grant spending to obtain full grant awards
- Prepare grant invoices on a monthly/quarterly basis
- Record salaries, payroll taxes, and employee liabilities
Audit Representation
Financial Audits Made Easy
- Prepare detailed audit schedules and workpapers
- Manage all auditor inquiries and requests
- Reconcile discrepancies before audit submission
- Implement adjustments to meet compliance
CFO Advisory
Unmatched Financial Expertise Tailored to Your Needs
- Address cash flow challenges effectively
- Enhance financial stability and growth
- Guide you to the funding you want
- Optimize systems for scalable growth
- Develop a comprehensive long-term financial strategy
What You Get When You Hire Us
In Just 90 Days, You’ll Get:
- An organized and efficient accounting system
- Enhanced internal controls
- Easy-to-use, cutting-edge software to enhance productivity
- Comprehensive ongoing support
- Compelling reports so you can take decisive action
We'll Integrate with Your Accounting Software
6 Reasons You’ll Want to Work With Us
Accurate & Auditable
- We are detail-oriented
- We get the job done no matter what
- We simplify the complex
Quick & Responsive
- We return phone calls promptly
- We are on call for you 24/7/365
- We meet deadlines
No Downtime
You’ll receive one point of contact, but you’ll also have access to our team so that there is never any down time.
We internally cross-train so that even if your contact is out, you’ll always get the quick responses you deserve.
Our name says it all: Daily Balance. We serve our clients daily so they never have to worry about key person risk again.
- Dedicated accounting manager, plus team interaction
- 24/7/365 access to your financial data
- Updated in real time
- High-tech tools to streamline your processes
Save Up to 40%
By outsourcing your accounting department to Daily Balance, you can save up to 40% on your accounting costs, while getting better expertise, service, and value. In-housing a full-time data entry person, bookkeeper, and an accountant means you’ll have to pay their salaries, payroll taxes, benefits, 401-K contributions, insurance, paid time off, workman’s comp insurance, training and administration expenses, and overhead costs (space, equipment, etc).
By hiring us, you’ll simply pay a flat monthly fee, which is often already included in your program funding anyway.
- Flat monthly fee
- Included in your program funding
Financial Audit Representation
As your advocate, we handle your annual financial audits and will answer ALL of the hundreds of questions the auditor will have on your behalf. You’ll be happy to know that you most likely won’t even need to be part of the process.
You can stop feeling anxious and rest assured because we’ll make sure there are no surprises when your audit comes around.
- Stress-free audits
- No surprises
Increase Your Funding
As a non-profit, the backbone of your organization is funding, and that only comes as a result of accurate and meticulous books.
You no longer have to endure missed grant opportunities because you fail to have all the financials in place.
Your funders will be so happy to receive your accurate and unquestionable financials, and so will your future funders, because as your CFO adviser, we’ll guide and advise you on how to diversify with new funding.
- Clean financials on-time to your funding sources
- Guidance on funding diversification
Plus, You’ll Be Able To…
- Spend less time worrying about money
- Be of real service to your constituents
- Run your organization more efficiently and effectively
- Make smarter organizational decisions
- Be highly respected by funding sources
- Look good in front of your board
- Realize your organization’s full potential!
Loved by Auditing Firms
“Because of Daily Balance’s efforts we are able to perform our audits, reviews and 990 tax filings with the highest level of efficiency.”
Steven Nicolson
Independent Nonprofit Auditor
Your World-Class Chicago Nonprofit Accountant
On-Call 24/7/365
No Surprises Guarantee
Proactive CPAs
Value-Focused Accounting
30-Day No Fault Agreement
Cloud-Based & Real-Time
Meet Your Nonprofit Accounting Team
Syd Highley
Amy Fryatt
Julie Asuncion
Norie Fabian
Tessa Joy De Vera
Ilonah Vivas
Let Us Lighten Your Load!
Fixed Fee
No Surprises
Guarantee
Nonprofit Accounting Resources
Nonprofit Accounting in Your Area & Beyond
Bakersfield Nonprofit Accountant
1 (661) 218-1122
1 (857) 678-1661
1 (872) 253-6677
Los Angeles Nonprofit Accountant
1 (213) 463-8484
New York City Nonprofit Accountant
1 (646) 921-6606
Sacramento Nonprofit Accountant
1 (916) 999-5955
San Diego Nonprofit Accountant
1 (619) 389-3344
San Francisco Nonprofit Accountant
1 (415) 358-5353
1 (669) 230-0440
Washington DC Nonprofit Accountant
1 (771) 220-7155
Your Next Steps
FAQs
1 Fun & 1 Interesting Fact About Chicago
Chicago Nonprofit Accounting Resources
Illinois CPA Society – Not-for-Profit Committee
550 W. Jackson, Suite 900 Chicago, IL
60661
(312) 993-0407
Chicago, IL Local Resources
Top Companies in Chicago, IL
100 N Riverside Plaza
Chicago, IL
60606
More About Nonprofit Accounting in Chicago, Illinois
Chicago, Illinois, is the third-largest city in the United States, with a population of approximately 2.7 million residents. Known for its iconic skyline, rich cultural history, and vibrant neighborhoods, Chicago is a diverse city with a wide range of ethnic backgrounds. The city’s demographics include about 33% White, 29% Black or African American, 29% Hispanic or Latino, and 7% Asian. Chicago’s population reflects a mix of long-established communities and a growing immigrant population, contributing to its dynamic cultural scene.
Residents of Chicago live in a variety of neighborhoods, from the upscale Gold Coast and Lincoln Park to more working-class areas like Pilsen and Bronzeville. The city is a hub for business, finance, and transportation, with industries such as healthcare, technology, and education also playing significant roles. Chicago’s residents enjoy access to world-class museums, music, and food, as well as professional sports teams. Despite its cold winters, the city’s lakefront and extensive park system make it an attractive place to live.
Nonprofit accounting in Chicago plays a vital role in managing the financial operations of the city’s many charitable organizations, which include foundations, healthcare institutions, educational entities, and community groups. Nonprofit accountants in Chicago focus on ensuring compliance with financial regulations, particularly those related to tax-exempt status and donor-restricted funds. They handle tasks such as preparing financial statements according to Generally Accepted Accounting Principles (GAAP), managing grants, and conducting audits to ensure transparency and accountability.
Given Chicago’s diverse nonprofit sector, accountants must be adept at navigating the complexities of restricted funds, government contracts, and financial reporting for stakeholders. Many organizations rely on these professionals to guide them through the specific regulations governing 501(c)(3) entities and other tax-exempt classifications. Nonprofit accounting firms in the city offer specialized services, including audit preparation, tax compliance, and financial planning, allowing nonprofits to focus on their missions while maintaining robust financial oversight and integrity.
Daily Balance offers bookkeeping, audit representation, and CFO services for nonprofit organizations in the Chicago 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.
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