Abila MIP Fund Accounting

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Top Rated
606 Ratings

Abila MIP Fund Accounting

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Top Rated
606 Ratings
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Score 8 out of 101
8 Ratings
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Score 9.6 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

Receipt Bank Practice Platform

For organizations that require in depth detail in their financials, meaning detailed records of every expense, Receipt Bank is a great option. Accounting firms that are preparing the books for their clients in a cloud atmosphere will most certainly appreciate the ease of use provided with Receipt Bank. But for organizations that are small in number of employees, and maybe they all have company credit cards and no expense reports, Receipt Bank isn't necessary. It's still a "nice to have" software, but not required because these types of employees won't be keeping copies of receipts anyway.
Alicia Gates, CPA profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
7.6
Receipt Bank Practice Platform
Pay calculation
Abila MIP Fund Accounting
8.7
Receipt Bank Practice Platform
Benefit plan administration
Abila MIP Fund Accounting
7.1
Receipt Bank Practice Platform
Direct deposit files
Abila MIP Fund Accounting
8.6
Receipt Bank Practice Platform
Salary revision and increment management
Abila MIP Fund Accounting
7.0
Receipt Bank Practice Platform
Reimbursement management
Abila MIP Fund Accounting
6.6
Receipt Bank Practice Platform

Customization

Abila MIP Fund Accounting
8.1
Receipt Bank Practice Platform
API for custom integration
Abila MIP Fund Accounting
8.0
Receipt Bank Practice Platform
Plug-ins
Abila MIP Fund Accounting
8.3
Receipt Bank Practice Platform

Security

Abila MIP Fund Accounting
8.6
Receipt Bank Practice Platform
Single sign-on capability
Abila MIP Fund Accounting
8.5
Receipt Bank Practice Platform
Role-based user permissions
Abila MIP Fund Accounting
8.6
Receipt Bank Practice Platform

Reporting & Analytics

Abila MIP Fund Accounting
7.6
Receipt Bank Practice Platform
Dashboards
Abila MIP Fund Accounting
6.8
Receipt Bank Practice Platform
Standard reports
Abila MIP Fund Accounting
7.9
Receipt Bank Practice Platform
Custom reports
Abila MIP Fund Accounting
7.9
Receipt Bank Practice Platform

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.8
Receipt Bank Practice Platform
Accounts payable
Abila MIP Fund Accounting
8.5
Receipt Bank Practice Platform
Accounts receivable
Abila MIP Fund Accounting
8.2
Receipt Bank Practice Platform
Cash management
Abila MIP Fund Accounting
8.1
Receipt Bank Practice Platform
Bank reconciliation
Abila MIP Fund Accounting
8.5
Receipt Bank Practice Platform
Expense management
Abila MIP Fund Accounting
8.2
Receipt Bank Practice Platform
Time tracking
Abila MIP Fund Accounting
6.9
Receipt Bank Practice Platform
Fixed asset management
Abila MIP Fund Accounting
7.7
Receipt Bank Practice Platform
Multi-currency support
Abila MIP Fund Accounting
7.3
Receipt Bank Practice Platform
Multi-division support
Abila MIP Fund Accounting
8.4
Receipt Bank Practice Platform
Regulations compliance
Abila MIP Fund Accounting
8.2
Receipt Bank Practice Platform
Electronic tax filing
Abila MIP Fund Accounting
7.8
Receipt Bank Practice Platform
Self-service portal
Abila MIP Fund Accounting
6.8
Receipt Bank Practice Platform
Standardized Processes
Abila MIP Fund Accounting
7.2
Receipt Bank Practice Platform

Inventory Management

Abila MIP Fund Accounting
4.2
Receipt Bank Practice Platform
Inventory tracking
Abila MIP Fund Accounting
7.3
Receipt Bank Practice Platform
Automatic reordering
Abila MIP Fund Accounting
1.0
Receipt Bank Practice Platform
Location management
Abila MIP Fund Accounting
7.7
Receipt Bank Practice Platform
Manufacturing module
Abila MIP Fund Accounting
1.0
Receipt Bank Practice Platform

Order Management

Abila MIP Fund Accounting
4.8
Receipt Bank Practice Platform
Pricing
Abila MIP Fund Accounting
6.7
Receipt Bank Practice Platform
Order entry
Abila MIP Fund Accounting
7.2
Receipt Bank Practice Platform
Credit card processing
Abila MIP Fund Accounting
2.5
Receipt Bank Practice Platform
Cost of goods sold
Abila MIP Fund Accounting
2.7
Receipt Bank Practice Platform

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.1
Receipt Bank Practice Platform
Client data roll-up capabilities
Abila MIP Fund Accounting
7.9
Receipt Bank Practice Platform
Configurable alerts
Abila MIP Fund Accounting
7.7
Receipt Bank Practice Platform
Billing bypass
Abila MIP Fund Accounting
7.1
Receipt Bank Practice Platform
Client template cloning
Abila MIP Fund Accounting
7.1
Receipt Bank Practice Platform
Single sign-on
Abila MIP Fund Accounting
4.5
Receipt Bank Practice Platform
Industry-specific versioning
Abila MIP Fund Accounting
8.0
Receipt Bank Practice Platform
Legacy system data migration
Abila MIP Fund Accounting
7.5
Receipt Bank Practice Platform

Pros

  • Ability to run various reports based on the data available
  • Ability to import Excel data into MIP
  • Tech support is fast
Luis Godoy profile photo
  • Receipt Bank does a stellar job of extracting information from photos of receipts and bills. I'd say 95% of the time the information pulled is correct, so very rarely do I have to correct an amount or date.
  • One feature I really enjoy is not only the syncing with Quickbooks Online, but the fact that it also pushes the image to Quickbooks Online as an attachment! This means that for every expense/bill processed through Receipt Bank, an image of it is available inside of the transaction inside of Quickbooks Online. This makes researching a breeze.
  • Receipt Bank makes it very simple for users to add documents to the platform. Each company receives a dedicated Receipt Bank email address, which they can email to and upload documents, or users can use the phone apps (which are really easy to use), or they can upload documents from their computer. Training our clients to use it really can't be any easier!
Alicia Gates, CPA profile photo

Cons

  • Reports could be more functional - have the ability to have both GLs and check numbers on reports
  • Some issues with license validation at random the software will decide not to work
  • Addition of new features more often
  • Add address verification support like ADP. ADP can verify addresses without having to google.
Luis Godoy profile photo
  • One area that could really use some improvement is their training program for the people who manage the program (meaning those of us to who actually process the receipts and bills to an outside software). It's a whole separate website, it's somewhat difficult to follow, and it just doesn't flow well. The training for front end users (those submitting the bills/receipts) is not really in depth, either, but it is pretty intuitive. We've taken to writing up a 1 page instruction manual for our clients that qualifies as their "training".
  • A feature I would love to see is the ability to process income items in Receipt Bank. It currently does not have that functionality. I have several clients that submit bank deposit detail, and it would be great if I could "publish" those to Quickbooks Online just like I do for bills/receipts.
  • Expense reporting is a great feature Receipt Bank has, but it's somewhat complicated to understand. We receive lots of questions from clients surrounding this process, so some better training or simplification would be great.
Alicia Gates, CPA profile photo

Likelihood to Renew

Abila MIP Fund Accounting9.1
Based on 45 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
No score
No answers yet
No answers on this topic

Usability

Abila MIP Fund Accounting8.4
Based on 39 answers
MIP is fairly easy to learn and to update. Whether it's transaction entry or reporting it has logical steps and maintains consistency. These are things that make usability a positive and not a negative.
Nikki Patterson 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 Accounting10.0
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 Accounting8.4
Based on 36 answers
Every time we have needed support we had the issue resolved within an hour.
Bianca Jurczak 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 Accounting6.6
Based on 4 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 Accounting6.3
Based on 22 answers
I would not implement without the help of a reseller.
Nikki Patterson profile photo
No score
No answers yet
No answers on this topic

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
I use both Receipt Bank Practise Platform and Hubdoc as they both have provided different features that are effective for my practise. A product that has a dashboard is very effective. Being able to go to one location and see all information on clients is vital to better productivity. I always do a full analysis of new products before implementing them in my practice. This assessment allows me to analyse the impact on internal productivity and also external ease of use and effectiveness for clients. They must deliver on solving an issue for my practice or my clients or both,
Tim Hoopmann 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

  • We are able to see the entire picture using MIP, this is very helpful for future planning.
Bianca Jurczak profile photo
  • Receipt Bank has helped alleviate the frustration felt by both our clients and our staff when it comes to the detail needed for some of the organizations that we serve. In some cases it's just NECESSARY to have all of that detail for the financial statement preparation, and prior to Receipt Bank, we had to email back and forth, download attachments, manually enter the information into Quickbooks Online, save the document etc. It was a tedious process. Receipt Bank took care of all of that, and it saves both our clients and our staff HOURS of work each month.
  • Receipt Bank has given our clients the confidence to make their work places paperless offices. It frees time and money for them, because they don't have to keep track of the documents, they don't have to store the documents (and find a place to store them), and they never have to file them away. Receipt Bank archives all of the documents so you can find them if you ever need them, and the documents are in their financial data as well, which is where they really need them. I've never had a client regret going to Receipt Bank just because it makes life so much simpler for them.
Alicia Gates, CPA profile photo

Screenshots

Receipt Bank Practice Platform

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

Receipt Bank Practice Platform

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