What users are saying about

Abila MIP Fund Accounting

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Top Rated
603 Ratings

Abila MIP Fund Accounting

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Top Rated
603 Ratings
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Score 8 out of 101
3 Ratings
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Score 9.3 out of 101

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Likelihood to Recommend

Abila MIP Fund Accounting

I think it is great for fund accounting and grants management. We manage multiple federal and state grants so using MIP helps keep everything in order. We also love the fact that we can process our payroll, use MIP's timekeeping system and it holds all of our HR data as well. It's like a one-stop shop!
Tracie Lambright profile photo

LessAccounting

If you are an entrepreneur and you want to focus on building your business, start with Less Accounting. It's a full-blown accounting system that has a simple implementation and it can connect to your financial accounts to automate many parts of the business. Our 1st four years of business, we worked without a bookkeeper at all due to the level of automation.
It is not limited in any regard and is not simply for invoicing or tracking hours, it more or less does everything. Perhaps one area that it wouldn't be ideal is for firms that need to have more rigid accounting, with charts of accounts etc for industries that are audited or highly regulated.
Shirin Elkoshairi profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
7.6
LessAccounting
9.5
Pay calculation
Abila MIP Fund Accounting
8.8
LessAccounting
9.0
Benefit plan administration
Abila MIP Fund Accounting
7.0
LessAccounting
Direct deposit files
Abila MIP Fund Accounting
8.7
LessAccounting
10.0
Salary revision and increment management
Abila MIP Fund Accounting
7.0
LessAccounting
Reimbursement management
Abila MIP Fund Accounting
6.4
LessAccounting

Customization

Abila MIP Fund Accounting
7.7
LessAccounting
6.5
API for custom integration
Abila MIP Fund Accounting
7.7
LessAccounting
9.0
Plug-ins
Abila MIP Fund Accounting
7.7
LessAccounting
4.0

Security

Abila MIP Fund Accounting
8.5
LessAccounting
10.0
Single sign-on capability
Abila MIP Fund Accounting
8.4
LessAccounting
Role-based user permissions
Abila MIP Fund Accounting
8.5
LessAccounting
10.0

Reporting & Analytics

Abila MIP Fund Accounting
7.5
LessAccounting
9.3
Dashboards
Abila MIP Fund Accounting
6.5
LessAccounting
9.0
Standard reports
Abila MIP Fund Accounting
7.9
LessAccounting
9.0
Custom reports
Abila MIP Fund Accounting
8.1
LessAccounting
10.0

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.7
LessAccounting
8.6
Accounts payable
Abila MIP Fund Accounting
8.5
LessAccounting
Accounts receivable
Abila MIP Fund Accounting
8.2
LessAccounting
8.0
Cash management
Abila MIP Fund Accounting
7.9
LessAccounting
7.0
Bank reconciliation
Abila MIP Fund Accounting
8.5
LessAccounting
10.0
Expense management
Abila MIP Fund Accounting
8.1
LessAccounting
8.0
Time tracking
Abila MIP Fund Accounting
6.8
LessAccounting
Fixed asset management
Abila MIP Fund Accounting
7.7
LessAccounting
Multi-currency support
Abila MIP Fund Accounting
6.6
LessAccounting
Multi-division support
Abila MIP Fund Accounting
8.3
LessAccounting
Regulations compliance
Abila MIP Fund Accounting
8.1
LessAccounting
Electronic tax filing
Abila MIP Fund Accounting
7.7
LessAccounting
8.0
Self-service portal
Abila MIP Fund Accounting
6.2
LessAccounting
9.0
Standardized Processes
Abila MIP Fund Accounting
6.9
LessAccounting
Intercompany Accounting
Abila MIP Fund Accounting
LessAccounting
9.0
Configurable Accounting
Abila MIP Fund Accounting
LessAccounting
10.0

Inventory Management

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

Order Management

Abila MIP Fund Accounting
4.7
LessAccounting
8.0
Pricing
Abila MIP Fund Accounting
6.5
LessAccounting
8.0
Order entry
Abila MIP Fund Accounting
7.0
LessAccounting
8.0
Credit card processing
Abila MIP Fund Accounting
2.5
LessAccounting
Cost of goods sold
Abila MIP Fund Accounting
2.7
LessAccounting

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.1
LessAccounting
9.5
Client data roll-up capabilities
Abila MIP Fund Accounting
7.8
LessAccounting
Configurable alerts
Abila MIP Fund Accounting
7.4
LessAccounting
9.0
Billing bypass
Abila MIP Fund Accounting
6.8
LessAccounting
Client template cloning
Abila MIP Fund Accounting
7.5
LessAccounting
10.0
Single sign-on
Abila MIP Fund Accounting
4.5
LessAccounting
Industry-specific versioning
Abila MIP Fund Accounting
8.0
LessAccounting
Legacy system data migration
Abila MIP Fund Accounting
7.6
LessAccounting

Pros

  • Abila's functionality for our office includes fund accounting, grants managements, payroll, human resources, and timekeeping.
  • It allows us to report on multiple cost centers for multiple organizations and programs across all grants on the federal and state level.
  • The imbedded reports writer provides extensive reports and you can customize them anyway you want them or your board wants them.
Tracie Lambright profile photo
  • Less Accounting integrates with our business bank account as well as our corporate credit cards. All transactions are automatically pulled into the system and classified by the types of expenses. There's a lot of automation and the manual entry of data rarely occurs.
  • The System is streamlined and easy to learn. There is no need to understand monthly and annual closing of the books and the system is visually easy to follow. Online chat and email support have allowed us to make use of features we didn't know how to implement.
  • LessAccounting is highly accessible. Since this is cloud-based, my business partner and I always have our own access, our bookkeeper has access and so does our CPA for doing monthly sanity checks and for completing our taxes annually.
  • Reliability, there hasn't been a single outage or issue that I've experienced with application availability since day 1.
Shirin Elkoshairi profile photo

Cons

  • Lacks grant management.
  • Excel formulas don't always convert properly when importing.
  • Some reports can be limited in your ability to drill down.
Wesley Bond profile photo
  • With the flexibility comes room for folks not adhering to specific accounts. There is no numeric chart of accounts so at times you will see 2 line items for a single item. We tend to overcome this limitation with extensive tagging.
  • Invoices and sales orders don't have an obvious way to assign credit to specific salespeople or consultants. We reached out to LA and they have shown us a different way to do this which we'll try soon.
  • The visual interface can use some sprucing up. It's easy to navigate but I believe the navigation can be slightly improved. I do find myself hitting the back button to get into other parts of the app.
Shirin Elkoshairi profile photo

Likelihood to Renew

Abila MIP Fund Accounting9.2
Based on 42 answers
We are so used to this software there is no chance of us starting with a new software and re-learning every step.we are content with the software at this moment and feel there is no need to look for a new accounting software
Luis Godoy profile photo
LessAccounting10.0
Based on 1 answer
It works, it keeps our historical data and is easy to use
Shirin Elkoshairi profile photo

Usability

Abila MIP Fund Accounting8.9
Based on 37 answers
The system is very usable from my point of view - we have not experienced any difficulty in the daily functions
Christine Ulshoffer profile photo
No score
No answers yet
No answers on this topic

Reliability and Availability

Abila MIP Fund Accounting9.0
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
No score
No answers yet
No answers on this topic

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
No score
No answers yet
No answers on this topic

Support

Abila MIP Fund Accounting8.7
Based on 35 answers
Our reseller and the MIP technical support team has been very reactive when questions or problems have arisen. The reseller has been especially helpful in figuring what to do about entry problems.
Nikki Patterson profile photo
No score
No answers yet
No answers on this topic

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 Accounting6.9
Based on 21 answers
Make sure you know what you need and how to minimize potential errors due to training shortfalls
Joan A. Cox, CMA CPA profile photo
No score
No answers yet
No answers on this topic

Alternatives Considered

We looked at two other software products and they just couldn't track the separate funding sources the way we needed them too. It was going to be a lot of exporting and backtracking to get the right information (at that time). And Blackbaud just didn't seem to have enough "oomph" to be what we needed with the volume of transactions we have.
Marie Cline profile photo
Quickbooks was a bit too complicated for us, FreshBooks didn't seem to offer a complete accounting system but was powerful for invoicing and Accounting by Wave was similar to Quickbooks in complexity. Since we've been with LessAccounting for over 5 years, new contenders have entered the market which we didn't evaluate such as Xero accounting and others.
Shirin Elkoshairi profile photo

Scalability

Abila MIP Fund Accounting9.0
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

  • Abila MIP Fund Accounting's budgeting and financial statement capabilities permit keeping tabs on spending trends and keeping grant costs within budget constraints, forecasting and advising management in good business decisions.
  • The GL module provides ability to distribute shared-costs according to grant approved methods to ensure a practice of meeting allowable costs for each grant and a fair distribution.
Matt Brager profile photo
  • The simplicity yet full-featured accounting capabilities of LessAccounting have allowed us to develop a solid process around bookkeeping, invoicing, collections and cash flow management without detriment to the sales and marketing efforts of the firm. For the 1st five years of business, our entire bookkeeping could be completed in less than 4 hours per month.
  • So long as your financial institutions are integrated into LessAccounting, it's almost impossible to have bad balances or unreported income or expense. We've used LessAccounting to catch errors made by our financial institutions with it's really powerful, yet simple reconciliation system.
Shirin Elkoshairi 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

LessAccounting

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