What users are saying about

Abila MIP Fund Accounting

Top Rated
601 Ratings

Accounting by Wave

Top Rated
97 Ratings

Abila MIP Fund Accounting

Top Rated
601 Ratings
Score 7.9 out of 101

Accounting by Wave

Top Rated
97 Ratings
Score 9 out of 101

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Likelihood to Recommend

Abila MIP Fund Accounting

Because I work in the FQHC world, I would recommend this product specifically for any business or end user within that field. This product allows people in this field to comply with federal reporting requirements, makes it easier to track grants, and allows for the slicing and dicing of financial statements in many ways which is important in this field. This product is good for most day to day accounting functions and is pretty robust as well for an FQHC. This product is probably less appropriate for large healthcare systems where you want to keep track of statistics which this product cannot currently do.
Erich Koch profile photo

Accounting by Wave

Wave is well suited for small businesses looking to have an accounting service that won't hinder profitability. Wave is a great service for a small business owner just starting out and is flexible enough to meet demands of larger businesses. Wave even offers a paid payroll service if needed for any business owner. The ease of use with Wave makes it perfect for non-accountants, and for accountants they have tools available that they are used to seeing with other accounting software.
Lukas Sundahl, MBA profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
8.0
Accounting by Wave
7.9
Pay calculation
Abila MIP Fund Accounting
8.6
Accounting by Wave
8.4
Benefit plan administration
Abila MIP Fund Accounting
8.1
Accounting by Wave
7.5
Direct deposit files
Abila MIP Fund Accounting
8.7
Accounting by Wave
8.0
Salary revision and increment management
Abila MIP Fund Accounting
7.3
Accounting by Wave
7.7
Reimbursement management
Abila MIP Fund Accounting
7.3
Accounting by Wave
8.0

Customization

Abila MIP Fund Accounting
7.4
Accounting by Wave
9.1
API for custom integration
Abila MIP Fund Accounting
7.4
Accounting by Wave
8.9
Plug-ins
Abila MIP Fund Accounting
7.3
Accounting by Wave
9.2

Security

Abila MIP Fund Accounting
8.3
Accounting by Wave
8.6
Single sign-on capability
Abila MIP Fund Accounting
8.3
Accounting by Wave
9.0
Role-based user permissions
Abila MIP Fund Accounting
8.4
Accounting by Wave
8.2

Reporting & Analytics

Abila MIP Fund Accounting
7.4
Accounting by Wave
8.5
Dashboards
Abila MIP Fund Accounting
6.5
Accounting by Wave
8.4
Standard reports
Abila MIP Fund Accounting
7.8
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
7.5
Accounting by Wave
8.2
Accounts payable
Abila MIP Fund Accounting
8.5
Accounting by Wave
8.4
Accounts receivable
Abila MIP Fund Accounting
8.1
Accounting by Wave
9.1
Cash management
Abila MIP Fund Accounting
8.0
Accounting by Wave
8.1
Bank reconciliation
Abila MIP Fund Accounting
8.4
Accounting by Wave
7.8
Expense management
Abila MIP Fund Accounting
8.0
Accounting by Wave
8.5
Time tracking
Abila MIP Fund Accounting
7.2
Accounting by Wave
7.3
Fixed asset management
Abila MIP Fund Accounting
7.6
Accounting by Wave
5.2
Multi-currency support
Abila MIP Fund Accounting
6.2
Accounting by Wave
8.6
Multi-division support
Abila MIP Fund Accounting
8.1
Accounting by Wave
7.4
Regulations compliance
Abila MIP Fund Accounting
7.9
Accounting by Wave
7.3
Electronic tax filing
Abila MIP Fund Accounting
7.6
Accounting by Wave
6.0
Self-service portal
Abila MIP Fund Accounting
5.7
Accounting by Wave
9.1
Standardized Processes
Abila MIP Fund Accounting
6.6
Accounting by Wave
7.9
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
8.7
Localizations
Abila MIP Fund Accounting
Accounting by Wave
9.5
Journals and Reconciliations
Abila MIP Fund Accounting
Accounting by Wave
8.4
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
7.8
Pricing
Abila MIP Fund Accounting
6.7
Accounting by Wave
8.1
Order entry
Abila MIP Fund Accounting
6.8
Accounting by Wave
8.0
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
4.7
Order exception Resolution
Abila MIP Fund Accounting
Accounting by Wave
8.0

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.0
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
7.1
Accounting by Wave
8.0
Billing bypass
Abila MIP Fund Accounting
6.5
Accounting by Wave
8.0
Client template cloning
Abila MIP Fund Accounting
7.6
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
8.3
Accounting by Wave
8.0
Legacy system data migration
Abila MIP Fund Accounting
7.0
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

  • Data conversion from our previous system to Abila MIP Fund Accounting was made as seamlessly as possible. We were able to successfully integrate without trouble and leaving us with continuity in our data.
  • The help that we received in developing SOPs for our growing organization proved difficult prior to using the help from Abila MIP. Once we were up and running with the service we got what we needed and were able to make our organization's procedures as ordered as a larger and more established company would have.
  • The ability to see where our funds would most effectively be spent helped us utilize them so that we could make best use four our investors.
Brandon Adawi profile photo
  • Crisp, clean invoices, and I particularly like the ability to customize the invoice to fit our needs.
  • Custom reporting tools so we can slice & dice our data as needed.
  • Overall interface is incredibly easy to navigate through and you don't have to be a professional accountant or book keeper to make sense of everything.
  • Offering a recurring payment option, credit card processing, and ACH payment options with customer online payment options as well has made our life much easier with the repeat accounts we manage.
  • Adding customers profiles is simple and can be done right in the new invoice tool
  • Setting up vendors is quick and easy to associate to various payable/receivable accounts is simple.
Matthew Gehrman profile photo

Cons

  • Understanding the permissions assigned to employees got confusing at times.
Brandon Adawi profile photo
  • The only disappointment I've had with using Wave so far is how delayed transactions can be with the bank connection. This is likely because of how slow the turnaround can be for check deposits and other transactions to register in the bank (24 hours or more) but it means I need to reference my bank account's website instead of Wave if I have checks arriving on payroll day.
Chris Hecox profile photo

Likelihood to Renew

Abila MIP Fund Accounting8.8
Based on 35 answers
It's the best software to fit our needs.
Nikki Patterson profile photo
Accounting by Wave7.8
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 Accounting8.6
Based on 33 answers
It is great and easy to use once you have had some training, some are more complex than others, but overall it is a great product.
Tracie Lambright profile photo
Accounting by Wave5.3
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 Accounting8.9
Based on 6 answers
The only time we have had a big issue is when our server went out, and this was not a MIP issue
Frances LeClair profile photo
Accounting by Wave6.7
Based on 4 answers
WAVE is always available when we need it ! Peter
Peter Cullen profile photo

Performance

Abila MIP Fund Accounting9.9
Based on 6 answers
We have had problems with MIP's ability to integrate with other software or systems. Just makes for a longer shopping time when searching for products we need to integrate with MIP
Frances LeClair profile photo
Accounting by Wave2.9
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 Accounting8.4
Based on 30 answers
I have been using this software for six years and love it
Danielle Apthorp profile photo
Accounting by Wave9.0
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 Accounting7.9
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
No score
No answers yet
No answers on this topic

Online Training

Abila MIP Fund Accounting9.9
Based on 3 answers
Personalized training provided for our organization
karen hoffman profile photo
Accounting by Wave4.7
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 Accounting6.9
Based on 19 answers
Again, I was not directly involved with the planning and setup of the software. However, I was involved in training my staff during the implementation phase. As with any software implementation, consistency of training is key and a willingness to seek out help from Customer Support helps tremendously to insure accuracy of information and training.
Jeffrey Chapman profile photo
No score
No answers yet
No answers on this topic

Alternatives Considered

I personally have used QuickBooks, Quicken, and a long-ago product by Software International. QuickBooks and Quicken are easier to use, but do not provide the reporting that Abila provides. Non-profits need an easy way to allocate expenses between grants, especially payroll. They also need to be able to provide reporting by grants. Abila seems to be able to provide this system.
Christine Frenzel profile photo
I was never able to figure out Gnu cash so I had to mostly use excel, until I found Wave
Torrey Holman profile photo

Rating for Public Practice CPAs

No score
No answers yet
No answers on this topic
Accounting by Wave8.0
Based on 8 answers
It's easy and quick to setup. It's user friendly and doesn't use too much jargon so my clients understand it and use it properly. It allows me to switch between different clients quickly so I can respond to any queries by looking at the same data.
Paul Colman FCA profile photo

Scalability

Abila MIP Fund Accounting8.9
Based on 6 answers
Not real sure what you mean by scalability. It seems to be able to handle all of the funds we are currently working with. If you mean the looks of it, some things are small and it would be nice to increase the size according to the user.
Frances LeClair profile photo
Accounting by Wave3.0
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

  • It is positive when I can create reports that are easily utilized month after month for grant reporting. Each of our grants requires a little different format of data and MIP allows me to customize reports to easily pull information I need to satisfy grantors.
LaShawna Simonsen profile photo
  • Adding Wave to our roster of supported products has introduced us to a new group of business owners that are motivated to manage and grow their businesses.
  • Wave has improved employee engagement as my staff feel more involved in helping our customers achieve their goals. Their work is more meaningful now and less data entry driven.
Jennifer Bauldic 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