Abila MIP Fund Accounting

Top Rated
601 Ratings
Score 7.9 out of 101

Paychex Accounting Online

25 Ratings
Score 6.1 out of 101

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Likelihood to Recommend

Abila MIP Fund Accounting

With Abila MIP's versatility I think it would be well suited for any industry, but especially for any industry where you wanted to be very specific on tracking or cost accounting. The ability to segment your accounts allows you to track by just about any method you would like to be successful.
Eric Harvey profile photo

Paychex Accounting Online

I would recommend Paychex. I have worked on it for 4 years and I feel comfortable with it. The good thing about Paychex is that you can use it from anywhere. All you need is a computer and an internet connection
Zain Quaid profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
8.0
Paychex Accounting Online
7.8
Pay calculation
Abila MIP Fund Accounting
8.6
Paychex Accounting Online
8.0
Benefit plan administration
Abila MIP Fund Accounting
8.1
Paychex Accounting Online
8.0
Direct deposit files
Abila MIP Fund Accounting
8.7
Paychex Accounting Online
8.0
Salary revision and increment management
Abila MIP Fund Accounting
7.3
Paychex Accounting Online
7.1
Reimbursement management
Abila MIP Fund Accounting
7.3
Paychex Accounting Online
8.0

Customization

Abila MIP Fund Accounting
7.3
Paychex Accounting Online
9.0
API for custom integration
Abila MIP Fund Accounting
7.4
Paychex Accounting Online
9.0
Plug-ins
Abila MIP Fund Accounting
7.3
Paychex Accounting Online
9.0

Security

Abila MIP Fund Accounting
8.3
Paychex Accounting Online
7.5
Single sign-on capability
Abila MIP Fund Accounting
8.3
Paychex Accounting Online
7.0
Role-based user permissions
Abila MIP Fund Accounting
8.4
Paychex Accounting Online
8.0

Reporting & Analytics

Abila MIP Fund Accounting
7.4
Paychex Accounting Online
7.3
Dashboards
Abila MIP Fund Accounting
6.5
Paychex Accounting Online
6.0
Standard reports
Abila MIP Fund Accounting
7.8
Paychex Accounting Online
8.0
Custom reports
Abila MIP Fund Accounting
7.9
Paychex Accounting Online
8.0

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.5
Paychex Accounting Online
7.4
Accounts payable
Abila MIP Fund Accounting
8.5
Paychex Accounting Online
7.0
Accounts receivable
Abila MIP Fund Accounting
8.1
Paychex Accounting Online
7.0
Cash management
Abila MIP Fund Accounting
8.0
Paychex Accounting Online
8.0
Bank reconciliation
Abila MIP Fund Accounting
8.4
Paychex Accounting Online
8.0
Expense management
Abila MIP Fund Accounting
8.0
Paychex Accounting Online
8.0
Time tracking
Abila MIP Fund Accounting
7.2
Paychex Accounting Online
6.2
Fixed asset management
Abila MIP Fund Accounting
7.6
Paychex Accounting Online
8.0
Multi-currency support
Abila MIP Fund Accounting
6.2
Paychex Accounting Online
8.0
Multi-division support
Abila MIP Fund Accounting
8.1
Paychex Accounting Online
4.4
Regulations compliance
Abila MIP Fund Accounting
7.9
Paychex Accounting Online
8.0
Electronic tax filing
Abila MIP Fund Accounting
7.6
Paychex Accounting Online
8.0
Self-service portal
Abila MIP Fund Accounting
5.7
Paychex Accounting Online
8.0
Standardized Processes
Abila MIP Fund Accounting
6.6
Paychex Accounting Online

Inventory Management

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

Order Management

Abila MIP Fund Accounting
4.7
Paychex Accounting Online
Pricing
Abila MIP Fund Accounting
6.7
Paychex Accounting Online
Order entry
Abila MIP Fund Accounting
6.8
Paychex Accounting Online
Credit card processing
Abila MIP Fund Accounting
2.5
Paychex Accounting Online
Cost of goods sold
Abila MIP Fund Accounting
2.7
Paychex Accounting Online

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.0
Paychex Accounting Online
Client data roll-up capabilities
Abila MIP Fund Accounting
7.9
Paychex Accounting Online
Configurable alerts
Abila MIP Fund Accounting
7.1
Paychex Accounting Online
Billing bypass
Abila MIP Fund Accounting
6.5
Paychex Accounting Online
Client template cloning
Abila MIP Fund Accounting
7.6
Paychex Accounting Online
Single sign-on
Abila MIP Fund Accounting
4.5
Paychex Accounting Online
Industry-specific versioning
Abila MIP Fund Accounting
8.3
Paychex Accounting Online
Legacy system data migration
Abila MIP Fund Accounting
7.0
Paychex Accounting Online

Pros

  • The vast array of account segmenting allows us to break down our business in many different ways, which gets us the information we need to make sure we are doing business right.
  • We love the ability to process vendor EFT payments, which fits our green thinking and saves lots of paper.
  • Having a cloud based platform allows us to work more efficiently and not have to worry about using the most recent version or keeping up with payroll updates.
Eric Harvey profile photo
  • Continued verification through set up and implementation. The representative was very thorough to ensure the first (and all subsequent) paycheck runs were accurate.
  • Multiple levels of verification and explanation regarding state deductions, especially for employees working in one state, but living in another.
Teresa McLaughlin profile photo

Cons

  • The Fixed Assets module is somewhat difficult to use with respect to disposals
  • In A/R posted transactions there is no dollar amount posted
  • When requesting posted transactions, all items appear, not just the one being requested
  • A/P vendor history displays in date order by clicking the tab at the top of the column. However, a printed version does not come out in date order
  • We have had problems matching the A/R aging report to the General Ledger
  • The drill-down feature should be expanded to areas other than financial statements
Robert Bowsza profile photo
  • One thing I can think of is when you need to run a report that has to include more than two years of payroll information (year to date salaries, etc.) you are unable to do so BUT if you contact your rep they can do it for you. I am sure they will come up with a solution for this problem sometime in the near future.
Yvetta Clark profile photo

Likelihood to Renew

Abila MIP Fund Accounting8.8
Based on 35 answers
I am not the decision-maker, but it would be my recommendation at this point.
Christine Frenzel profile photo
Paychex Accounting Online10.0
Based on 1 answer
Had the company I worked for not gone out of business, it is likely they would have continued using this service.
Teresa McLaughlin profile photo

Usability

Abila MIP Fund Accounting8.6
Based on 33 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
Paychex Accounting Online10.0
Based on 1 answer
The software was very user friendly. Menus were intuitive so that even with minimal training I found what I was looking for with minimal effort
Teresa McLaughlin profile photo

Reliability and Availability

Abila MIP Fund Accounting8.9
Based on 6 answers
I refer back to the previous questions. It has suddenly quit on me.
Christine Frenzel profile photo
No score
No answers yet
No answers on this topic

Performance

Abila MIP Fund Accounting9.9
Based on 6 answers
Yes, it works very well about 95% of the time. I don't notice any slow down with any programs it integrates with.
Christine Frenzel profile photo
No score
No answers yet
No answers on this topic

Support

Abila MIP Fund Accounting8.4
Based on 30 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
Paychex Accounting Online9.5
Based on 2 answers
The system was very intuitive and user friendly so there wasn't a lot of need to call support, but when necessary, the representatives were knowledgeable and able to help quickly.
Teresa McLaughlin 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
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
Paychex Accounting Online10.0
Based on 1 answer
Implementation was very smooth. The most cumbersome task was entering the current employees into the system during initial set up, but Paychex staff handled most of that and verified against prior system reports as well as internal reports provided to ensure 100% accuracy.
Teresa McLaughlin profile photo

Alternatives Considered

Fund EZ is a product I found out about from a previous employment stint. It has a lot of the features MIP has but is not nearly as good. I would consider using this product if MIP continues to raise fees.
Erich Koch profile photo
I like most reports that Paychex has but the Register Prior to Processing is a good tool to use to check the payroll before you transmit your payroll to Paychex. I also like the Employee Check Listing to use to make sure all New Hires and any Employees Updates are entered correctly.Oh, I really, really like that Paychex does not have Batches like other outsourced Payrolls have. It cuts your payroll entries by half the time it take when you have Batches.
Yvetta Clark 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

  • I was not part of the decision making process. I do not know the overall business objective.
  • One must be very experienced working with integrated financial systems to get the best use of this software.
Christine Frenzel profile photo
  • The most positive impact Paychex has is their Customer Service. I LOVE Paychex Customer Service. Enough said.
  • Paychex's IT Department is on point.
Yvetta Clark profile photo

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

Paychex Accounting Online

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