What users are saying about
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Top Rated
614 Ratings
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Top Rated
105 Ratings

Abila MIP Fund Accounting

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Top Rated
614 Ratings
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Score 8.1 out of 101

Accounting by Wave

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Top Rated
105 Ratings
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Score 9.1 out of 101

Likelihood to Recommend

Abila MIP Fund Accounting

Well-suited for basic accounting, I would give it an 8. Drill-down would be nice on the general ledger to be able to look at the original entry. Maintaining the year codes and distribution codes is much too involved-this needs to be streamlined. Would be nice to be able to update information on encumbrances and purchase orders prior payment. The accounts receivable module is a bit of a nightmare-we don't use the invoicing function as it is too involved for our company. While the Accounting function deserves and 8, I would only give the payroll function about a 4.5-sorry.
Eris Tanner profile photo

Accounting by Wave

Wave is free to use, and they have some premium features you can pay for. For someone just starting out as a small business, freelancer or independent contractor, this is a Godsend. You can look professional, have something easy to manage, and yet also have excellent records come the end of the year. You won't spend a bunch of time having to learn the program, it's very intuitive and you get a host of great features that will make getting paid easy.
J.P. VanderLinden profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
7.5
Accounting by Wave
7.9
Pay calculation
Abila MIP Fund Accounting
8.8
Accounting by Wave
8.2
Benefit plan administration
Abila MIP Fund Accounting
6.9
Accounting by Wave
7.5
Direct deposit files
Abila MIP Fund Accounting
8.6
Accounting by Wave
8.0
Salary revision and increment management
Abila MIP Fund Accounting
7.0
Accounting by Wave
7.7
Reimbursement management
Abila MIP Fund Accounting
6.5
Accounting by Wave
8.0

Customization

Abila MIP Fund Accounting
8.3
Accounting by Wave
8.8
API for custom integration
Abila MIP Fund Accounting
8.1
Accounting by Wave
8.7
Plug-ins
Abila MIP Fund Accounting
8.5
Accounting by Wave
8.8

Security

Abila MIP Fund Accounting
8.6
Accounting by Wave
8.5
Single sign-on capability
Abila MIP Fund Accounting
8.6
Accounting by Wave
9.1
Role-based user permissions
Abila MIP Fund Accounting
8.7
Accounting by Wave
7.9

Reporting & Analytics

Abila MIP Fund Accounting
7.6
Accounting by Wave
8.5
Dashboards
Abila MIP Fund Accounting
6.9
Accounting by Wave
8.5
Standard reports
Abila MIP Fund Accounting
7.9
Accounting by Wave
8.3
Custom reports
Abila MIP Fund Accounting
7.9
Accounting by Wave
8.6

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.9
Accounting by Wave
8.3
Accounts payable
Abila MIP Fund Accounting
8.5
Accounting by Wave
8.6
Accounts receivable
Abila MIP Fund Accounting
8.2
Accounting by Wave
9.2
Cash management
Abila MIP Fund Accounting
8.1
Accounting by Wave
8.1
Bank reconciliation
Abila MIP Fund Accounting
8.5
Accounting by Wave
7.9
Expense management
Abila MIP Fund Accounting
8.3
Accounting by Wave
8.6
Time tracking
Abila MIP Fund Accounting
6.9
Accounting by Wave
7.5
Fixed asset management
Abila MIP Fund Accounting
7.7
Accounting by Wave
6.9
Multi-currency support
Abila MIP Fund Accounting
7.4
Accounting by Wave
8.3
Multi-division support
Abila MIP Fund Accounting
8.5
Accounting by Wave
7.4
Regulations compliance
Abila MIP Fund Accounting
8.2
Accounting by Wave
7.3
Electronic tax filing
Abila MIP Fund Accounting
7.8
Accounting by Wave
6.0
Self-service portal
Abila MIP Fund Accounting
6.9
Accounting by Wave
8.9
Standardized Processes
Abila MIP Fund Accounting
7.2
Accounting by Wave
8.1
Global Financial Support
Abila MIP Fund Accounting
Accounting by Wave
9.0
Primary and Secondary Ledgers
Abila MIP Fund Accounting
Accounting by Wave
9.3
Intercompany Accounting
Abila MIP Fund Accounting
Accounting by Wave
8.6
Localizations
Abila MIP Fund Accounting
Accounting by Wave
9.5
Journals and Reconciliations
Abila MIP Fund Accounting
Accounting by Wave
8.2
Enterprise Accounting
Abila MIP Fund Accounting
Accounting by Wave
8.7
Configurable Accounting
Abila MIP Fund Accounting
Accounting by Wave
8.7
Centralized Rules Framework
Abila MIP Fund Accounting
Accounting by Wave
9.0

Inventory Management

Abila MIP Fund Accounting
4.2
Accounting by Wave
8.9
Inventory tracking
Abila MIP Fund Accounting
7.3
Accounting by Wave
9.5
Automatic reordering
Abila MIP Fund Accounting
1.0
Accounting by Wave
8.0
Location management
Abila MIP Fund Accounting
7.7
Accounting by Wave
9.0
Manufacturing module
Abila MIP Fund Accounting
1.0
Accounting by Wave
9.0

Order Management

Abila MIP Fund Accounting
4.7
Accounting by Wave
8.0
Pricing
Abila MIP Fund Accounting
6.6
Accounting by Wave
8.3
Order entry
Abila MIP Fund Accounting
7.2
Accounting by Wave
8.4
Credit card processing
Abila MIP Fund Accounting
2.5
Accounting by Wave
9.1
Cost of goods sold
Abila MIP Fund Accounting
2.7
Accounting by Wave
8.8
Order Orchestration
Abila MIP Fund Accounting
Accounting by Wave
8.0
End-to-end order visibility
Abila MIP Fund Accounting
Accounting by Wave
5.5
Order exception Resolution
Abila MIP Fund Accounting
Accounting by Wave
8.0

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.1
Accounting by Wave
8.0
Client data roll-up capabilities
Abila MIP Fund Accounting
7.9
Accounting by Wave
8.0
Configurable alerts
Abila MIP Fund Accounting
7.8
Accounting by Wave
8.0
Billing bypass
Abila MIP Fund Accounting
7.2
Accounting by Wave
8.0
Client template cloning
Abila MIP Fund Accounting
7.0
Accounting by Wave
8.0
Single sign-on
Abila MIP Fund Accounting
4.5
Accounting by Wave
9.0
Industry-specific versioning
Abila MIP Fund Accounting
7.9
Accounting by Wave
8.0
Legacy system data migration
Abila MIP Fund Accounting
7.5
Accounting by Wave
8.0
Branded client dashboards
Abila MIP Fund Accounting
Accounting by Wave
8.0
Client data consolidation for benchmarking
Abila MIP Fund Accounting
Accounting by Wave
7.5
Configurable client onboarding questions
Abila MIP Fund Accounting
Accounting by Wave
8.0
Cross-client workflow management
Abila MIP Fund Accounting
Accounting by Wave
8.0

Pros

Abila MIP Fund Accounting

  • Tracks budget amounts and availability very smoothly and the reports are easy to read and utilize.
  • The encumbrance tracking is excellent and makes staying on budget much easier.
  • The general ledgers are easy to access and read.
  • Information by funding source is easy to track and access.
  • Like the 1099 coding functions.
Eris Tanner profile photo

Accounting by Wave

  • The dashboard provides instant views of month-by month income & expenses for the past 12-24 months, a breakdown of current year expense by category, and net income for the past year and year-to-date.
  • Invoicing has easy templated set up has lots of per invoice options such as single/recurring payment options, due dates.
  • Year end reports are easy to generate in either pdf or csv format.
No photo available

Cons

Abila MIP Fund Accounting

  • Payroll module is too complex and requires too much duplication of information input. This is the most confusing system I have ever utilized. It needs to be streamlined and duplications removed. Some information has to be entered in 2-3 locations, much too time consuming and easy to overlook.
  • The payroll tax reporting is very much outdated-have worked with much cheaper software that did a much better job of processing tax returns and W-2/W-3's.
  • While we like the accounting, we would certainly like to switch the payroll system for something better.
  • Drill-down ability on the GL would be nice.
Eris Tanner profile photo

Accounting by Wave

  • Not too much to complain about with Wave although I do wish they kept an audit trail of all invoice reminders sent, changes in the invoice, and have the ability to pull reports with this data. This functionality would be great to review clients as a whole to determine profitability and time spent with these clients.
  • 9% processing fees for all cards which is a bit higher than some of the competitors like Blue Pay. The pro to this though is there's no monthly commitment or monthly service fees.
Matthew Gehrman profile photo

Likelihood to Renew

Abila MIP Fund Accounting

Abila MIP Fund Accounting 9.1
Based on 45 answers
It's the best software to fit our needs.
Nikki Patterson profile photo

Accounting by Wave

Accounting by Wave 7.8
Based on 3 answers
Easy to use for clients with no accounting background and the price is right.
Jeanne Harris profile photo

Usability

Abila MIP Fund Accounting

Abila MIP Fund Accounting 8.4
Based on 39 answers
I enjoy using this software after six years of use.
Danielle Apthorp profile photo

Accounting by Wave

Accounting by Wave 5.3
Based on 4 answers
I am a professional bookkeeper and I have no problems using Wave and all of it's features. I can see that certain individuals who have no accounting knowledge might struggle with a few different features and entries, but that is why Wave has an emphasis in connecting users to Wave Pro's who will walk them through things
Melissa Whaley profile photo

Reliability and Availability

Abila MIP Fund Accounting

Abila MIP Fund Accounting 9.0
Based on 6 answers
I refer back to the previous questions. It has suddenly quit on me.
Christine Frenzel profile photo

Accounting by Wave

Accounting by Wave 6.7
Based on 4 answers
WAVE is always available when we need it ! Peter
Peter Cullen profile photo

Performance

Abila MIP Fund Accounting

Abila MIP Fund Accounting 10.0
Based on 6 answers
It usually loads very quickly and I am able to get to work right away.
Cindy Chapple profile photo

Accounting by Wave

Accounting by Wave 2.9
Based on 2 answers
Wave does tend to slow down when filtering your transactions screen especially by date. This is more of an issue when trying to trouble shoot certain transactions or clean-up a set of books.
Melissa Whaley profile photo

Support

Abila MIP Fund Accounting

Abila MIP Fund Accounting 8.4
Based on 37 answers
It is fairly easy to get a hold of support with Abila MIP Fund Accounting. I also like how we get frequent updates on the status of our support request so that we know exactly what is going on and so we do not feel forgotten about. This is more than a lot of companies do.
Kaileigh Sutherland profile photo

Accounting by Wave

Accounting by Wave 9.0
Based on 1 answer
If they had live chat service then I'd rate this a 10.
Matthew Gehrman profile photo

In-Person Training

Abila MIP Fund Accounting

Abila MIP Fund Accounting 8.0
Based on 6 answers
There are no specifics on what happens if you make one choice or another to know which is the best selection. This is true for JVs and AP. In training we were not given specifics of what happens when one possibility is selected over another.
Christine Frenzel profile photo

Accounting by Wave

No score
No answers yet
No answers on this topic

Online Training

Abila MIP Fund Accounting

Abila MIP Fund Accounting 6.3
Based on 4 answers
Personalized training provided for our organization
karen hoffman profile photo

Accounting by Wave

Accounting by Wave 4.7
Based on 3 answers
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
Peter Cullen profile photo

Implementation

Abila MIP Fund Accounting

Abila MIP Fund Accounting 6.3
Based on 22 answers
I highly recommend using a business partner for implementation. The business partners have implemented this product for numerous years and have a wealth of knowledge from working with various non profits and governmental entities. Some are close by and can provide on site training.
karen hoffman profile photo

Accounting by Wave

No score
No answers yet
No answers on this topic

Alternatives Considered

Abila MIP Fund Accounting

Many competing products may not offer some of the comprehensive all-in-one type solutions that are found in Abila MIP Fund. Non-profits can have particulate needs such as specialized taxation, funding, and membership support not always address in other commercial oriented products. Often non-profit organizations may piece together separate applications that can be found in Abila MIP Fund and this product can help save a great deal of time and money.
Bruce Emmerling profile photo

Accounting by Wave

Wave is better in being my one place to go for collecting payments. PayPal is nice if you're on the road collecting payments through their app and using PayPal Here, but if you would like to keep invoicing in the same place as your bookkeeping, I think Wave is a better-integrated solution.
Carl Grivakis profile photo

Scalability

Abila MIP Fund Accounting

Abila MIP Fund Accounting 9.0
Based on 6 answers
I have had some issues with the software suddenly closing with no reason given.
Christine Frenzel profile photo

Accounting by Wave

Accounting by Wave 3.0
Based on 2 answers
Once they out grow what is ability to move up to a more robust system?
Penny Breslin profile photo

Return on Investment

Abila MIP Fund Accounting

  • The software really helps save money if implemented correctly. If an organization needs extensive training then its costs might be too high.
  • Centralizing the flow of information into one system can help reduce errors.
  • The reporting tools can either be quite timesaving or sometimes too simplistic. An organization will need to do a good requirement's analysis when looking at this product.
Bruce Emmerling profile photo

Accounting by Wave

  • Wave has removed several of the stresses of running my own business and helped me collect payment from a variety of local and national clients in one easy space.
  • Wave has helped give me eyes in on how my money has been allocated, and how the business expenses have been tracked.
  • Wave is a good self-service tool, that can do much of the work Quickbooks does for others, but as a free solution provider.
Carl Grivakis profile photo

Screenshots

Pricing Details

Abila MIP Fund Accounting

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

Accounting by Wave

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

Add comparison