In this study, the coulometric method with titratable impurity analysis and the mass balance method were successfully applied in the quantification of the certified reference material of potassium hydrogen phthalate (KHP) with accurate metrological traceability of chemical purity value (99.983% with an expanded uncertainty of 0.024%, k = 2). In contrast to the general coulometric titration method, the coulometric method with titratable impurity analysis enables the conversion of acidimetric purity to chemical purity: The acidimetric purity was determined by coulometric titration method, and then the impurities that may be titrated as principal components were found as far as possible using various methods and the result of deducting these impurities from the acidimetric purity can be considered as chemical purity. The mass balance method also accounted for all possible types of impurities as much as possible to improve the accuracy of the determined result. The accuracy and reliability of the purity results were subsequently verified by a two-step quantitative nuclear magnetic resonance (qNMR) method. This KHP certified reference material was the first hydrophilic internal standard of qNMR (applied in polar solvents) with an expanded uncertainty lower than 0.03%, which will become a major reference standard in the organic chemistry traceable calibration chain, especially when evaluating hydrophilic organic compounds to obtain purity values with very low uncertainty.