What users are saying about

Abila MIP Fund Accounting

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Top Rated
603 Ratings

Financial Edge NXT

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Top Rated
89 Ratings

Abila MIP Fund Accounting

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Top Rated
603 Ratings
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Score 7.9 out of 101

Financial Edge NXT

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Top Rated
89 Ratings
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Score 8.2 out of 101

Add comparison

Likelihood to Recommend

Abila MIP Fund Accounting

I believe Abila is suited for organizations that have complex funding structures. Especially those organizations who have multiple funding sources with agencies that require different expense coding to ensure expenses are properly classified. I think Abila is not appropriate for small organizations whose chart of accounts may be less complex in addition to a lower operating budget.
Donavan Lam, CPA profile photo

Financial Edge NXT

I think FENXT is well suited for medium to large sized organizations who are willing to make an investment in their systems. I do not feel this would be worthwhile for small organizations or ones who do not prioritize their database systems.
Brandon Mand profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
7.6
Financial Edge NXT
5.4
Pay calculation
Abila MIP Fund Accounting
8.8
Financial Edge NXT
5.2
Benefit plan administration
Abila MIP Fund Accounting
7.1
Financial Edge NXT
Direct deposit files
Abila MIP Fund Accounting
8.7
Financial Edge NXT
5.4
Salary revision and increment management
Abila MIP Fund Accounting
7.0
Financial Edge NXT
4.6
Reimbursement management
Abila MIP Fund Accounting
6.4
Financial Edge NXT
6.3

Customization

Abila MIP Fund Accounting
7.6
Financial Edge NXT
6.7
API for custom integration
Abila MIP Fund Accounting
7.6
Financial Edge NXT
7.9
Plug-ins
Abila MIP Fund Accounting
7.6
Financial Edge NXT
5.6

Security

Abila MIP Fund Accounting
8.4
Financial Edge NXT
7.0
Single sign-on capability
Abila MIP Fund Accounting
8.3
Financial Edge NXT
7.1
Role-based user permissions
Abila MIP Fund Accounting
8.4
Financial Edge NXT
6.8

Reporting & Analytics

Abila MIP Fund Accounting
7.3
Financial Edge NXT
6.7
Dashboards
Abila MIP Fund Accounting
6.3
Financial Edge NXT
6.8
Standard reports
Abila MIP Fund Accounting
7.7
Financial Edge NXT
6.7
Custom reports
Abila MIP Fund Accounting
7.9
Financial Edge NXT
6.5

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.6
Financial Edge NXT
7.0
Accounts payable
Abila MIP Fund Accounting
8.4
Financial Edge NXT
7.1
Accounts receivable
Abila MIP Fund Accounting
8.1
Financial Edge NXT
6.2
Cash management
Abila MIP Fund Accounting
7.9
Financial Edge NXT
6.8
Bank reconciliation
Abila MIP Fund Accounting
8.4
Financial Edge NXT
7.0
Expense management
Abila MIP Fund Accounting
8.0
Financial Edge NXT
7.3
Time tracking
Abila MIP Fund Accounting
6.8
Financial Edge NXT
6.5
Fixed asset management
Abila MIP Fund Accounting
7.6
Financial Edge NXT
7.0
Multi-currency support
Abila MIP Fund Accounting
6.6
Financial Edge NXT
7.8
Multi-division support
Abila MIP Fund Accounting
8.2
Financial Edge NXT
7.0
Regulations compliance
Abila MIP Fund Accounting
8.1
Financial Edge NXT
7.6
Electronic tax filing
Abila MIP Fund Accounting
7.6
Financial Edge NXT
5.6
Self-service portal
Abila MIP Fund Accounting
6.0
Financial Edge NXT
8.0
Standardized Processes
Abila MIP Fund Accounting
6.9
Financial Edge NXT

Inventory Management

Abila MIP Fund Accounting
4.2
Financial Edge NXT
Inventory tracking
Abila MIP Fund Accounting
7.3
Financial Edge NXT
Automatic reordering
Abila MIP Fund Accounting
1.0
Financial Edge NXT
Location management
Abila MIP Fund Accounting
7.7
Financial Edge NXT
Manufacturing module
Abila MIP Fund Accounting
1.0
Financial Edge NXT

Order Management

Abila MIP Fund Accounting
4.7
Financial Edge NXT
5.0
Pricing
Abila MIP Fund Accounting
6.5
Financial Edge NXT
5.6
Order entry
Abila MIP Fund Accounting
6.9
Financial Edge NXT
Credit card processing
Abila MIP Fund Accounting
2.5
Financial Edge NXT
6.6
Cost of goods sold
Abila MIP Fund Accounting
2.7
Financial Edge NXT
2.7

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.0
Financial Edge NXT
Client data roll-up capabilities
Abila MIP Fund Accounting
7.8
Financial Edge NXT
Configurable alerts
Abila MIP Fund Accounting
7.4
Financial Edge NXT
Billing bypass
Abila MIP Fund Accounting
6.8
Financial Edge NXT
Client template cloning
Abila MIP Fund Accounting
7.5
Financial Edge NXT
Single sign-on
Abila MIP Fund Accounting
4.5
Financial Edge NXT
Industry-specific versioning
Abila MIP Fund Accounting
8.0
Financial Edge NXT
Legacy system data migration
Abila MIP Fund Accounting
7.1
Financial Edge NXT

Pros

  • Number one: independent account code segments. Unlike certain other systems, with Abilia MIP Fund Accounting, you can add a new grant or fund source at any time and parent off of an existing, similar one. You don't have create cumbersome account codes for every GL you might need, as as it will work with those you have set up.
  • Running reports with un-posted items included. If you are like us and may need to enter your expenses, but perhaps not quite cut the check yet, however, need to run a statement of revenue and expenditures showing all expenses thus far, being able to include those un-posted items is tremendously helpful. It's also great if you see that you need to correct something with a journal entry. After you enter it, you can run the report to ensure it was what was actually needed BEFORE posting.
  • It is a system that becomes very intuitive to you once you dig in. There is a logic to many of the reports and functionalities that seem to be overlooked in other systems.
Jessica Leffler profile photo
  • Data entry is much easier with NXT especially for accounts payable
  • Reporting is fantastic with the ability to drill down in the reports to the detail and to export reports in more consistent formats (PDF, Excel)
  • Bank reconciliation is a breeze with the cash management capabilities
Pamela Wittmayer profile photo

Cons

  • The Budget Worksheet isn't the simplest to use and understand how the outcome will reflect. It took me some trial and error, and writing my own in-house procedures to feel comfortable with the budget worksheets.
  • There are so many modules that Abila offers that it can be frustrating to learn that in order to obtain a certain feature you have to purchase another module, which may come with way more than you need or want. For example, with the Payroll Module you can select Direct Deposit for an employee but without the Direct Deposit module I can't access the feature to email the pay stub vouchers to those employees with Direct Deposit.
  • There are so many reports available that it can be hard to remember where the report you need is located. Some reports don't include Unposted Transactions and some don't allow the same level of customization.
Kayla Klinger profile photo
  • Right now budgeting functions are only available for look ups, not for budget creation or editing
Pamela Wittmayer profile photo

Likelihood to Renew

Abila MIP Fund Accounting9.0
Based on 38 answers
I am not the decision-maker, but it would be my recommendation at this point.
Christine Frenzel profile photo
Financial Edge NXT8.1
Based on 3 answers
There aren't too many non-profit specific financial/accounting software solutions available. Even so, Financial Edge NXT meets the needs of our staff and allows us to operate efficiently.
Gregory Seay, CMA, CPA profile photo

Usability

Abila MIP Fund Accounting8.7
Based on 34 answers
If you are not an accountant, it would be very difficult to use. As an accountant there are aspects that are so specific that if you do not understand how they work and hand off to other parts of the software, you can really mess up your reporting.
Christine Frenzel profile photo
Financial Edge NXT5.5
Based on 1 answer
Still needs development to match the old client server version
Michael Downs profile photo

Reliability and Availability

Abila MIP Fund Accounting9.0
Based on 6 answers
It is mostly available when it is needed, however there have been power and internet outages that have limited the availability of programs.
Cindy Chapple profile photo
No score
No answers yet
No answers on this topic

Performance

Abila MIP Fund Accounting9.9
Based on 6 answers
It usually loads very quickly and I am able to get to work right away.
Cindy Chapple profile photo
No score
No answers yet
No answers on this topic

Support

Abila MIP Fund Accounting8.6
Based on 32 answers
I have a hard time using the online help features and can seldom find answers to the questions I have. When I call, I want to be able to get the answer, not be told I can go "online" to find the answer.
Christine Frenzel profile photo
Financial Edge NXT8.2
Based on 2 answers
Quick, responsive. Keep us in the loop on where the case stands. Chat feature.
Michael Downs profile photo

In-Person Training

Abila MIP Fund Accounting8.0
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
No score
No answers yet
No answers on this topic

Online Training

Abila MIP Fund Accounting10.0
Based on 3 answers
Personalized training provided for our organization
karen hoffman profile photo
No score
No answers yet
No answers on this topic

Implementation

Abila MIP Fund Accounting6.8
Based on 19 answers
There were no records available to indicate where accounts with balances needed reversing entries. This problem carried forward for several years until it was traced back to implementation and reversed.
Christine Frenzel profile photo
Financial Edge NXT6.4
Based on 1 answer
From an IT perspective, read up on the user setup integrated with the DB View
Michael Downs profile photo

Alternatives Considered

Abila MIP Fund Accounting was the only accounting software we researched. I previously worked in public accounting and worked with several clients who used Abila MIP Fund Accounting and highly recommended the software. We previously used QuickBooks, which was a good beginner software, but restricted us in certain aspects, especially with reporting
Tamour Kousha profile photo
I have not used any other accounting software or products.
Brandon Mand profile photo

Scalability

Abila MIP Fund Accounting9.0
Based on 6 answers
I have had some issues with the software suddenly closing with no reason given.
Christine Frenzel profile photo
No score
No answers yet
No answers on this topic

Return on Investment

  • Staff time - MIP has allowed us to save a significant amount of staff hours by by changing the way we process transactions (i.e. accounts payable process, accounts receivable process, recurring entries, copying posted sessions - as previously mentioned).
  • Grant reporting - MIP has allowed us to customize reporting for all major funding sources. This has allowed us to meet deadlines set by our grantors, submit reports more timely and increase cash flow as a result of tracking accounts receivables and drawing down funds quicker.
  • Internal reporting - MIP has helped with internal reporting to senior management, other departments and the board of trustees, which has helped other departments accomplish their goals and targets.
Tamour Kousha profile photo
  • None
  • Some things are faster and some aren't available
No photo available

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

Financial Edge NXT

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Required
Additional Pricing Details