MIP Fund Accounting vs. QuickBooks Desktop Enterprise

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MIP Fund Accounting
Score 8.7 out of 10
N/A
MIP Fund Accounting™ is a configurable fund accounting solution. The solution includes functionality for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, and dashboards for nonprofits and government agencies.N/A
QuickBooks Desktop Enterprise
Score 8.2 out of 10
N/A
QuickBooks Desktop Enterprise is a widely-used accounting package designed for small to mid-sized businesses. It is the top of the QuickBooks line. Pricing starts at $3,000 for five users, and goes up depending on the number of additional users. They also offer an Advanced Inventory module for $999 / year.
$1,261
per year
Pricing
MIP Fund AccountingQuickBooks Desktop Enterprise
Editions & Modules
No answers on this topic
Gold
1,261
per year
Platinum
1,522
per year
Gold with Remote Access
1,785.60
per year
Platinum with Remote Access
2,083.20
per year
Diamond
3,060.34
per year
Diamond with Remote Access
3,600.36
per year
Offerings
Pricing Offerings
MIP Fund AccountingQuickBooks Desktop Enterprise
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeOptional
Additional Details
More Pricing Information
Community Pulse
MIP Fund AccountingQuickBooks Desktop Enterprise
Considered Both Products
MIP Fund Accounting
Chose MIP Fund Accounting
MIP Fund works well such as one competitor I have used before. Adapting to other online program software systems is the only thing I can think of that MIP could do better. But primarily as a non-profit with little time on hand and always overworked, a simpler software program …
Chose MIP Fund Accounting
Much better user interface and menu structure.
Chose MIP Fund Accounting
We chose MIP Fund Accounting for a better cost especially for non-profit industry over Quickbooks.
Chose MIP Fund Accounting
I prefer MIP to the other software I have been exposed to based on cost, ease of use, and functionality. I have tried Blackbaud about 14 years ago and was not impressed as it was hard to use and not intuitive at all. As for quickbooks, I have not used that program in mane …
Chose MIP Fund Accounting
We are non-profit organization. We provide housing for underserved people and social services for homeless population with mental illnesses. We have a few different programs, specifically for properties that belong to the organization. It is extremely important that we can …
Chose MIP Fund Accounting
MIP has better reporting and more range for our custom needs
Chose MIP Fund Accounting
Compared to other software I've used, MIP is by far the most user friendly and easiest to operate that've I've seen. Reports are easy to run, and I love being able to narrow down the information to only pull specific items.
Chose MIP Fund Accounting
I've also used AS400. I like all 3 programs, but MIP Fund Accounting is the first fund accounting program I've used and I love it. I've seen other FA software, but they don't compare to MIP Fund Accounting.
Chose MIP Fund Accounting
We have not considered any other products at this stage.
Chose MIP Fund Accounting
TCO, reporting, flexibility and support are at the level you require in a large non-profit arena.
Chose MIP Fund Accounting
I was not involved in the decision to puchase MIP - it was already in use when I started here at the school.
Chose MIP Fund Accounting
I liked the financial reporting functionality of Sage Intacct, but MIP Fund Accounting is definitely the better product for tracking many different funds.
Chose MIP Fund Accounting
SAP had a huge learning curve, but it was more useful for a larger operation. Quickbooks is good for starting out with but not great long term. Xero is great for small businesses.
Chose MIP Fund Accounting
When our company first started, we used QuickBooks Pro. I felt it worked fine for the organization when we had just one funding stream. As the organization grew, we decided to move to MIP but I was hesitant as it was new to me, more detailed transactions and overall a more …
Chose MIP Fund Accounting
Many competing products may not offer some of the comprehensive all-in-one type solutions that are found in MIP Fund. Non-profits can have particulate needs such as specialized taxation, funding, and membership support not always address in other commercial oriented products. …
Chose MIP Fund Accounting
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 MIP provides.

Non-profits need an easy way to allocate expenses between grants, especially payroll. They …
Chose MIP Fund Accounting
It's as good and better in almost all areas of any program I have ever worked in.
Chose MIP Fund Accounting
MIP combines the level or functionality that is needed for complex non profits, NGO's with ease of use of intuitive software. MIP provides the ability to customize as much or as little as needed for Fund/ Grant Accounting. You need to be able to produce reports for Program …
Chose MIP Fund Accounting
After evaluating about 10 other accounting software alternatives; MIP was chosen due to the cost effectiveness; not having to host in the cloud; being able to maintain without having to hire consultants; and the product itself met our required needs.
Chose MIP Fund Accounting
This software was built for the fund accounting needs of non-profit organizations. This is a very small market compared to normal accounting needs, so there is not a lot of software out there that does this, and even fewer that do it as well.
Chose MIP Fund Accounting
MIP is much more robust than Quickbooks or other out of the box accounting solutions. Yes, it is much more expensive and you do pay by the user so fees do grow considerably.
QuickBooks Desktop Enterprise
Chose QuickBooks Desktop Enterprise
Simple, fast, inexpensive and easy to teach non financial people
Top Pros
Top Cons
Features
MIP Fund AccountingQuickBooks Desktop Enterprise
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Desktop Enterprise
8.0
108 Ratings
7% above category average
Pay calculation00 Ratings8.7104 Ratings
Benefit plan administration00 Ratings7.861 Ratings
Direct deposit files00 Ratings8.090 Ratings
Salary revision and increment management00 Ratings7.882 Ratings
Reimbursement management00 Ratings7.583 Ratings
Customization
Comparison of Customization features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Desktop Enterprise
7.4
73 Ratings
5% above category average
API for custom integration00 Ratings7.856 Ratings
Plug-ins00 Ratings7.168 Ratings
Security
Comparison of Security features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Desktop Enterprise
8.2
155 Ratings
4% above category average
Single sign-on capability00 Ratings8.3117 Ratings
Role-based user permissions00 Ratings8.2153 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Desktop Enterprise
8.3
172 Ratings
9% above category average
Dashboards00 Ratings8.3147 Ratings
Standard reports00 Ratings8.5170 Ratings
Custom reports00 Ratings8.1165 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Desktop Enterprise
8.0
176 Ratings
8% above category average
Accounts payable00 Ratings8.8169 Ratings
Accounts receivable00 Ratings8.9168 Ratings
Cash management00 Ratings8.4154 Ratings
Bank reconciliation00 Ratings8.9167 Ratings
Expense management00 Ratings8.3154 Ratings
Time tracking00 Ratings6.577 Ratings
Fixed asset management00 Ratings8.0114 Ratings
Multi-currency support00 Ratings7.757 Ratings
Multi-division support00 Ratings7.992 Ratings
Regulations compliance00 Ratings8.064 Ratings
Electronic tax filing00 Ratings8.086 Ratings
Self-service portal00 Ratings6.566 Ratings
Global Financial Support00 Ratings6.332 Ratings
Primary and Secondary Ledgers00 Ratings8.060 Ratings
Intercompany Accounting00 Ratings8.074 Ratings
Localizations00 Ratings8.045 Ratings
Journals and Reconciliations00 Ratings8.9125 Ratings
Enterprise Accounting00 Ratings8.485 Ratings
Configurable Accounting00 Ratings8.282 Ratings
Centralized Rules Framework00 Ratings8.049 Ratings
Standardized Processes00 Ratings8.693 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Desktop Enterprise
7.6
104 Ratings
8% above category average
Inventory tracking00 Ratings8.1100 Ratings
Automatic reordering00 Ratings7.353 Ratings
Location management00 Ratings8.266 Ratings
Manufacturing module00 Ratings6.850 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Desktop Enterprise
8.3
128 Ratings
11% above category average
Pricing00 Ratings8.595 Ratings
Order entry00 Ratings8.6101 Ratings
Credit card processing00 Ratings7.689 Ratings
Cost of goods sold00 Ratings8.2113 Ratings
Order Orchestration00 Ratings8.255 Ratings
End-to-end order visibility00 Ratings8.352 Ratings
Order exception Resolution00 Ratings8.639 Ratings
Best Alternatives
MIP Fund AccountingQuickBooks Desktop Enterprise
Small Businesses
QuickBooks Online
QuickBooks Online
Score 8.0 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Medium-sized Companies
Sage Intacct
Sage Intacct
Score 8.7 out of 10
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Enterprises

No answers on this topic

Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MIP Fund AccountingQuickBooks Desktop Enterprise
Likelihood to Recommend
8.8
(429 ratings)
8.4
(187 ratings)
Likelihood to Renew
9.2
(125 ratings)
9.8
(17 ratings)
Usability
8.2
(100 ratings)
9.1
(11 ratings)
Availability
9.8
(15 ratings)
10.0
(4 ratings)
Performance
8.5
(84 ratings)
10.0
(3 ratings)
Support Rating
7.8
(99 ratings)
6.0
(5 ratings)
In-Person Training
10.0
(8 ratings)
7.0
(1 ratings)
Online Training
8.4
(7 ratings)
9.1
(3 ratings)
Implementation Rating
6.5
(28 ratings)
9.0
(8 ratings)
Configurability
8.6
(8 ratings)
10.0
(3 ratings)
Ease of integration
7.8
(13 ratings)
9.1
(2 ratings)
Product Scalability
8.7
(15 ratings)
10.0
(3 ratings)
Vendor post-sale
8.3
(13 ratings)
9.0
(3 ratings)
Vendor pre-sale
8.1
(13 ratings)
10.0
(3 ratings)
User Testimonials
MIP Fund AccountingQuickBooks Desktop Enterprise
Likelihood to Recommend
Community Brands
MIP Fund Accounting is well suited to any company that has multiple funding sources and expenses that they need to keep a close track on. In non-profit organizations we are looked at closely and it is important to be able to accurately show where our revenue comes from and where it is going. MIP Fund Accounting can handle that easily. It is not a system I would recommend to a small business as there are so many features that they would not need for the cost to them, at least not the versions we use.
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Intuit
When I first started using QuickBooks Desktop Enterprise for my non-profit 7 years ago, there were some struggles, but updates they have made to the product have been great and improved a lot of the functions that were a struggle. It is super helpful for handling specific non-profit needs where the normal QuickBooks, while great, is set up for for-profit businesses. The ability to enter donations and allocate them by classes that I set up is an invaluable tool.
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Pros
Community Brands
  • General Ledger processing, including journal entries and reports
  • Ability to download all reports directly to Excel and PDF formats
  • Use of Grant codes to enable grant reporting by month/quarter/year
  • Ability to have multiple departments and consolidate into groups for reporting
  • Accounts Payable and Accounts Receivable cannot be out of balance
  • Multiple ways to use the product including Cloud and Classic options, Visual menu or Standard (Top of screen) menus to select processes, many options we are not using in our simple organization
Read full review
Intuit
  • Detailed organization of financial information
  • Several security measures and double check systems to ensure incorrect entries aren't made. This prevents accidental errors and protects the company from fraud.
  • Ease of overall use
  • Reporting can be as detailed or as general as you prefer. Each report allows you to look at the overall picture or access specific details of each aspect of the company financials.
Read full review
Cons
Community Brands
  • Could be more streamlined
  • Could have a more basic version (it is a step up in complexity from quickbooks)
  • When trying to go back to a previous page/task (the 'done' or 'back' buttons) sometimes do go back too far, but sometimes they do. More consistency of how those buttons work would help.
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Intuit
  • The software becomes "cranky" more often than I would like. A quick data scan on the server usually helps, but if I am out the staff get pretty stressed.
  • Record Retention is not working with QuickBooks. Should there be legal action requesting records for 20 years ago the records will be there - not advisable.
  • Upgrades are quite time consuming as I have to "touch" every computer using the software.
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Likelihood to Renew
Community Brands
I would give this software a high ranking for my use of it because I have a lot of experience setting it up properly. What I would like to learn more about this program is it's Drillpoint add on feature as this has a lot of potential to allow managers instant access to their financials and invoices when set up correctly
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Intuit
We've been using QuickBooks Enterprise Solutions from when the business started, 11 years ago. I don't see us changing programs any time soon as it is working pretty well for us now. It would be extremely time consuming to start from scratch with a new accounting or inventory management program.
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Usability
Community Brands
I have used this system for about 12 years now and I still learning how to use it. It always surprises me how there is another report to learn to achieve my data reporting goals. It is great to have a system that you have used long enough to feel comfortable with but also a system that allows you to learn new ways to report and enter data into the system
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Intuit
I like the QuickBooks Enterprise edition so much I moved my company to it this year. I like the overall functionality of the program and I am very familiar with the user interface which makes my job easier. One of the things I dislike about the online version it is not modeled after the desktop edition and I have a hard time getting around in the program.
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Reliability and Availability
Community Brands
I have rarely encountered any issues accessing MIP Fund Accounting over the years. On the rare occasions when availability was interrupted, the reasons were always found in-house when using the on-premises version. Since we have migrated to the MIP cloud, we have had no issues with availability. Any maintenance or updates are always communicated to us and are usually done outside of business hours.
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Intuit
They have always been available to meet our needs when we need it. We have had zero complaints with getting the assistance we need.
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Performance
Community Brands
We are able to generate reports in any format that we need to show the information that we have in a clear way that is easy for staff and our boards to read. We can easily run the reports agency-wide or break them down by fund or project, showing the details that we need.
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Intuit
QB is a good and reliable system. We probably should have explore the other modules rather that jump in to the conclusion that we needed a new ERP.
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Support Rating
Community Brands
I have not reached out to MIP for technical support; however, their website offers great help resources so I can solve an issue on my own. Another team member reached out to MIP for support and was helped quickly. The transition process took longer than expected due to a lag in communication.
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Intuit
Very rare do I call the Quickbooks Enterprise Solutions support staff and I get a customer service associate quickly. On average, my wait time is near an hour, and at times even longer. After spending the first three minutes discussing my problem, they then begin to poke and prod around, sometimes the questions continue. But 80% of the time, the problem is over their head and they have to escalate the issue. The only problem is this escalation arrives usually after spending forty-five minutes poking and proding around but learning nothing. In short, my experience is rarely all that well, let alone great
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In-Person Training
Community Brands
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.
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Intuit
It is a very easy system to learn, so with the help it was even easier. QB is a good solid system, but it lacks some of the complexity other systems have. with QB you need to get additional modules to get the same functionality that other systems offer standard
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Online Training
Community Brands
Denise O'Malley provided training for the HR module when we added it to our system. Denise also gave us a demo of the EWS module which we were able to see that it would not meet our needs. She was very kind about and understanding regarding the functions we needed with a time clock system.
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Intuit
easy to learn system, specially with some kind of support. Just like with any other system, things get lot easier if you have guidance to lead you in your search for answers. having said that, QB is very easy to use and very easy to teach. you wont spend much time memorizing where to click.
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Implementation Rating
Community Brands
Don't waste your time with MIP. There are plenty of other softwares out there that will do the job better. Do your homework. Get references from actual users. Make sure that what you choose will truly integrate. Make sure that there is local support. Get training. You will be glad that you passed this one by. Trust me.
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Intuit
If you're loading QuickBooks Enterprise Solutions onto a computer that you're going to directly log into, you should be able to do it yourself. If you are going to connect to a server through a network or remote connection, you should probably have a professional IT person set it up for you.
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Alternatives Considered
Community Brands
This is the first time I've worked in the non-profit world. Accounting is somewhat different so I am very glad to be using a product designed specifically for non-profits. Many accounting processes are similar of course, but it is nice to have them tailored to fit the requirements of a non-profit organization.
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Intuit
We have selected this product as it is affordoable in terms of pricing and features too. Our clients is geeting lots of benefits by using this product. By using QuickBooks desktop client also manage the information realted to financials and also get the clear picture for the future by using the accounting information from this product.
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Scalability
Community Brands
The flexibility to create certain features are helpful and are designed to be easier on MIP Accounting Cloud. It has been easier than the MIP Accounting classic version. I may have not fully utilized the software to deploy across multiple departments other than generating revenue reports or expenses. As well as developing budget worksheets for our departments. Which are great as it is, but have not gone farther than that.
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Intuit
It has worked for our small company in every way. We have very little issues with the software and when we have had problems, Intuit has stepped up and resolved in promptly.
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Return on Investment
Community Brands
  • We don't use all the add-ons, but for the basic accounting that we need it for it is an excellent product. We have been using it since 2001. There are other products on the market, but this suits our needs completely.
  • It is easy to learn, with a lot of online support.
  • New staff learn to use the system quite easily.
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Intuit
  • Good value for the price. The initial setup was quick and easy.
  • When properly set up and processes are followed it's decent at managing inventory which is something we had problems with. Have to have a dedicated employee to builds.
  • Rolling up costs in multi-level BOM's is a project each time we have to review costs, it's very time consuming to manually update all assemblies.
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ScreenShots

MIP Fund Accounting Screenshots

Screenshot of MIP Advance™ Dashboards with drilldownScreenshot of MIP™ Transactions WorkflowScreenshot of MIP DashboardsScreenshot of MIP DashboardsScreenshot of MIP Dashboard drilldownScreenshot of MIP Transactions