What users are saying about

Abila MIP Fund Accounting

Top Rated
601 Ratings

FreshBooks

Top Rated
120 Ratings

Abila MIP Fund Accounting

Top Rated
601 Ratings
Score 7.9 out of 101

FreshBooks

Top Rated
120 Ratings
Score 8.4 out of 101

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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

FreshBooks

We used Freshbooks as an alternate source of invoicing (we use Stripe for recurring billing) and it works well in this setup. It is not meant for invoicing for Software-as-a-Service products.
Soneeka Arora profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
8.0
FreshBooks
Pay calculation
Abila MIP Fund Accounting
8.6
FreshBooks
Benefit plan administration
Abila MIP Fund Accounting
8.1
FreshBooks
Direct deposit files
Abila MIP Fund Accounting
8.7
FreshBooks
Salary revision and increment management
Abila MIP Fund Accounting
7.3
FreshBooks
Reimbursement management
Abila MIP Fund Accounting
7.3
FreshBooks

Customization

Abila MIP Fund Accounting
7.4
FreshBooks
6.7
API for custom integration
Abila MIP Fund Accounting
7.4
FreshBooks
6.7
Plug-ins
Abila MIP Fund Accounting
7.3
FreshBooks
6.7

Security

Abila MIP Fund Accounting
8.3
FreshBooks
8.9
Single sign-on capability
Abila MIP Fund Accounting
8.3
FreshBooks
10.0
Role-based user permissions
Abila MIP Fund Accounting
8.4
FreshBooks
7.8

Reporting & Analytics

Abila MIP Fund Accounting
7.4
FreshBooks
6.8
Dashboards
Abila MIP Fund Accounting
6.5
FreshBooks
7.8
Standard reports
Abila MIP Fund Accounting
7.8
FreshBooks
7.8
Custom reports
Abila MIP Fund Accounting
7.9
FreshBooks
4.8

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.5
FreshBooks
7.8
Accounts payable
Abila MIP Fund Accounting
8.5
FreshBooks
8.5
Accounts receivable
Abila MIP Fund Accounting
8.1
FreshBooks
8.5
Cash management
Abila MIP Fund Accounting
8.0
FreshBooks
7.0
Bank reconciliation
Abila MIP Fund Accounting
8.4
FreshBooks
7.0
Expense management
Abila MIP Fund Accounting
8.0
FreshBooks
7.5
Time tracking
Abila MIP Fund Accounting
7.2
FreshBooks
8.1
Fixed asset management
Abila MIP Fund Accounting
7.6
FreshBooks
Multi-currency support
Abila MIP Fund Accounting
6.2
FreshBooks
7.0
Multi-division support
Abila MIP Fund Accounting
8.1
FreshBooks
Regulations compliance
Abila MIP Fund Accounting
7.9
FreshBooks
7.9
Electronic tax filing
Abila MIP Fund Accounting
7.6
FreshBooks
Self-service portal
Abila MIP Fund Accounting
5.7
FreshBooks
9.1
Standardized Processes
Abila MIP Fund Accounting
6.6
FreshBooks

Inventory Management

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

Order Management

Abila MIP Fund Accounting
4.7
FreshBooks
8.3
Pricing
Abila MIP Fund Accounting
6.7
FreshBooks
7.2
Order entry
Abila MIP Fund Accounting
6.8
FreshBooks
7.8
Credit card processing
Abila MIP Fund Accounting
2.5
FreshBooks
8.4
Cost of goods sold
Abila MIP Fund Accounting
2.7
FreshBooks
10.0

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.0
FreshBooks
7.4
Client data roll-up capabilities
Abila MIP Fund Accounting
7.9
FreshBooks
Configurable alerts
Abila MIP Fund Accounting
7.1
FreshBooks
7.9
Billing bypass
Abila MIP Fund Accounting
6.5
FreshBooks
Client template cloning
Abila MIP Fund Accounting
7.6
FreshBooks
8.5
Single sign-on
Abila MIP Fund Accounting
4.5
FreshBooks
8.3
Industry-specific versioning
Abila MIP Fund Accounting
8.3
FreshBooks
Legacy system data migration
Abila MIP Fund Accounting
7.0
FreshBooks
Branded client dashboards
Abila MIP Fund Accounting
FreshBooks
5.0

Pros

  • Streamlined our workflow and guides employees so that they perform our processes accurately every time.
  • Increased security by only allowing employees to see what they require to perform their jobs and nothing else.
  • Made a lot of our paperwork digital such as POs and invoices.
  • Very cost effective. You get a lot of product for the price.
  • Also has some wonderful components like HR and digital time clocks.
Wesley Bond profile photo
  • Provides user-friendly, beautiful invoices
  • Built-in features like invoice reminders, recurring invoices, deposits, and automatic late fees applied
  • Multiple payment options — including Stripe (which is a must-have for my industry)
Asia Matos 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
  • The only area I have noticed that FB needs improvement is how it links up with bank accounts and keeps track of spending. It seems to be flawed in a few ways where it will double outgoing transactions sometimes and also when we move money from one account to another it shows it as spending and not just moving money and that is something we have to account for with Taxes each year.
Brandon Loyche profile photo

Likelihood to Renew

Abila MIP Fund Accounting8.8
Based on 35 answers
Since our system has been in place for almost ten years, we occasionally talk about doing a new implementation. We do not talk about moving to a different product. Abila has many options for support, including cloud support, that we can evaluate. The overall satisfaction between HR, Payroll and Accounting is high. We have taken advantage of training and have developed a good level of expertise and the program upgrade features do not require reworking our processes. We have not found the product to impede any of our process improvements and find new ways to utilize the features as time goes on.
Maryann Freepartner profile photo
FreshBooks6.6
Based on 18 answers
I am a FreshBooks Certified Accountant, so I want to keep up to date, and remain on their directory.
No photo available

Usability

Abila MIP Fund Accounting8.6
Based on 33 answers
I enjoy using this software after six years of use.
Danielle Apthorp profile photo
FreshBooks8.0
Based on 7 answers
It's a fantastic app, and it's very easy to use. I will admit, I don't use it so much anymore however because I already have great systems in place and I also don't like the limit on clients for the lite cost. I feel at $15/mo you should be able to manage more clients than 5. I don't use as many as 50 clients a month, but I certainly manage more than 5 as a freelancer.But overall, the usability is easy and I'd recommend it to people who don't already know how to manage their books.
Mandy Cramer 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
FreshBooks10.0
Based on 2 answers
FreshBooks is easy to use and always works!
Matt Franko 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
FreshBooks8.0
Based on 1 answer
No answer on this topic is available.

Support

Abila MIP Fund Accounting8.4
Based on 30 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
FreshBooks7.0
Based on 3 answers
I think that their online tools and resources are great and concise but would like it more if you knew what improvements were in the pipeline. There are a number of features or tweaks that I've seen suggested but I don't really know if anyone from FreshBooks is listening to them or if they're being worked on.
LaToya M. Davidson-Perez 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
No score
No answers yet
No answers on this topic

Implementation

Abila MIP Fund Accounting6.9
Based on 19 answers
MUST have a good partner to guide you through the set up steps. A seasoned organization is imperative. They can help navigate issues because they have dealt with them before.
Jan Crockett profile photo
FreshBooks10.0
Based on 1 answer
I haven't changed my mind since my first evaluation. Freshbooks is still meeting my needs, easy to use, etc.
Kathleen Allardyce profile photo

Alternatives Considered

GMS was not 2000 compliant. Fundware was sold and went out of business. A number of peers in related organizations used MIP and recommended it. This is helpful when you have a problem or a desire to try something new, and can sound it off of others that are familiar with product and the programs you run.
Kathy Dugan profile photo
FreshBooks is hands down the best software for collecting invoices, payments, tracking time and managing expenses we have ever used. I am an avid user and fan and have been and will continue to be. They are keen on the updates, on listening to customers feedback and making constant improvements. It's easy to use, learn, and integrate.
Brandon Loyche profile photo

Rating for Public Practice CPAs

No score
No answers yet
No answers on this topic
FreshBooks7.0
Based on 1 answer
A good software just not as familiar as QuickBooks Online
Brent Bement, CPA 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
No score
No answers yet
No answers on this topic

Return on Investment

  • We are able to see the entire picture using MIP, this is very helpful for future planning.
Bianca Jurczak profile photo
  • FreshBooks has allowed us to simply take this problem off the board since it has solved our need to accomplish quick invoicing, time tracking and expense management.
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
Abila MIP Fund Accounting Editions & Modules
Abila MIP Fund Accounting
Additional Pricing Details

FreshBooks

General
Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
FreshBooks Editions & Modules
FreshBooks
Edition
Lite
$15
Plus
$25
Premium
$50
Additional Pricing Details