MIP Fund Accounting vs. Sage 50cloud Accounting

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
Sage 50cloud Accounting
Score 7.7 out of 10
Small Businesses (1-50 employees)
Sage 50cloud Accounting (formerly Sage 50 Accounting) is accounting software designed for small businesses. Sage 50cloud Accounting (formerly Sage 50, and formerly Peachtree) lets businesses invoice customers, pay bills, manage inventory, control costs, and pay employees. The solution includes high-level dashboards and in-depth reports.
$299
per year
Pricing
MIP Fund AccountingSage 50cloud Accounting
Editions & Modules
No answers on this topic
Sage 50 Pro Accounting
$299
per year
Sage 50 Premium Accounting
$449
per year
Sage 50 Quantum Accounting 3 User
Starting at $1,499
per year
Offerings
Pricing Offerings
MIP Fund AccountingSage 50cloud Accounting
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsAnnual traditional plan with license, monthly, and annual subscription plans available.
More Pricing Information
Community Pulse
MIP Fund AccountingSage 50cloud Accounting
Considered Both Products
MIP Fund Accounting
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 haven't used any other fund accounting software. I have used peachtree, Quickbooks, and PeopleSoft (but not a not for profit version). If you chose a program that does not offer the tracking of funds, you have to do that yourself. This leaves too much room for error or …
Chose MIP Fund Accounting
Despite it's higher cost, MIP offers the most flexibility with reporting than other programs which while less expensive, were more cumbersome to use and reporting set up was more labor intensive.
Chose MIP Fund Accounting
Utilized Oracle in a manufacturing instance, and it was great! The expense would not have been practical for a company of this size. It was much more user friendly and streamlined. MIP Fund Accounting is a major improvement over the QuickBooks programs.
Chose MIP Fund Accounting
Was not involved with the selection process. Company had already converted to MIP when I became employed here.
Chose MIP Fund Accounting
QuickBooks and Peachtree just didn't have the multi-user environment depth that MIP has. As such, our clients transitioned over the years. From the Sage days onwards we have used MIP to great effect. Sure there have been bumps in the road but it is an intuitive product. With an …
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
Each not-for-profit is different. If it's an association QuickBooks works fine. Generally once you have restricted funds either blackbaud or MIP becomes the better solution. Many nonprofits use Great Plains Microsoft GP but with its inability to report multiple grant periods …
Chose MIP Fund Accounting
I don't think there are many comparable alternatives. I have used Financial Edge/Raisers Edge in the past. I felt the reporting was not as robust but I did like the ability to enter donations into Raiser's Edge and import them.

The less expensive alternatives such as QuickBooks …
Chose MIP Fund Accounting
Our company chose Abile MIP because a former employee (that was held in high esteem) recommended it. Since then, we have felt stuck with it due to the cost of switching over to another platform. I personally feel, as do many of my colleagues, that another platform would be …
Chose MIP Fund Accounting
The previous products that I've used were Quickbooks, Peachtree and MAS 90. None of these products were close in comparison to the ease of tracking and reporting capabilities.
Chose MIP Fund Accounting
They were not satisfied with their current product and heard great things about MIP and have been using it since 1998. They love it!!
Chose MIP Fund Accounting
Have only worked with Peachtree and QuickBooks. MIP is much easier to use. More intuitive.
Chose MIP Fund Accounting
Prior to selecting MIP, I was using Peachtree Accounting which was adequate for the much smaller organization we were at that point. However, we were quickly outgrowing its capabilities. MIP offers a far greater level of sophistication in all of its capabilities. The integrated …
Chose MIP Fund Accounting
We used to use Peachtree but I was informed that it was pretty much the same program, just more advanced.
Sage 50cloud Accounting

No answer on this topic

Top Pros
Top Cons
Features
MIP Fund AccountingSage 50cloud Accounting
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
Sage 50cloud Accounting
9.0
14 Ratings
18% above category average
Pay calculation00 Ratings9.014 Ratings
Benefit plan administration00 Ratings9.011 Ratings
Direct deposit files00 Ratings9.011 Ratings
Salary revision and increment management00 Ratings9.013 Ratings
Reimbursement management00 Ratings9.013 Ratings
Customization
Comparison of Customization features of Product A and Product B
MIP Fund Accounting
-
Ratings
Sage 50cloud Accounting
9.0
10 Ratings
24% above category average
API for custom integration00 Ratings9.08 Ratings
Plug-ins00 Ratings9.09 Ratings
Security
Comparison of Security features of Product A and Product B
MIP Fund Accounting
-
Ratings
Sage 50cloud Accounting
9.0
19 Ratings
14% above category average
Single sign-on capability00 Ratings9.017 Ratings
Role-based user permissions00 Ratings9.017 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MIP Fund Accounting
-
Ratings
Sage 50cloud Accounting
9.0
21 Ratings
17% above category average
Dashboards00 Ratings9.020 Ratings
Standard reports00 Ratings9.021 Ratings
Custom reports00 Ratings9.020 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
MIP Fund Accounting
-
Ratings
Sage 50cloud Accounting
8.7
24 Ratings
16% above category average
Accounts payable00 Ratings9.023 Ratings
Accounts receivable00 Ratings9.022 Ratings
Cash management00 Ratings9.022 Ratings
Bank reconciliation00 Ratings9.022 Ratings
Expense management00 Ratings9.022 Ratings
Time tracking00 Ratings9.012 Ratings
Fixed asset management00 Ratings9.013 Ratings
Multi-currency support00 Ratings8.910 Ratings
Multi-division support00 Ratings9.010 Ratings
Regulations compliance00 Ratings9.09 Ratings
Electronic tax filing00 Ratings9.08 Ratings
Self-service portal00 Ratings9.07 Ratings
Global Financial Support00 Ratings9.04 Ratings
Primary and Secondary Ledgers00 Ratings7.05 Ratings
Intercompany Accounting00 Ratings9.06 Ratings
Localizations00 Ratings7.05 Ratings
Journals and Reconciliations00 Ratings9.011 Ratings
Enterprise Accounting00 Ratings9.06 Ratings
Configurable Accounting00 Ratings9.06 Ratings
Centralized Rules Framework00 Ratings7.44 Ratings
Standardized Processes00 Ratings9.09 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
Sage 50cloud Accounting
9.0
16 Ratings
25% above category average
Inventory tracking00 Ratings9.016 Ratings
Automatic reordering00 Ratings9.010 Ratings
Location management00 Ratings9.07 Ratings
Manufacturing module00 Ratings9.08 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
Sage 50cloud Accounting
8.4
17 Ratings
12% above category average
Pricing00 Ratings9.014 Ratings
Order entry00 Ratings9.016 Ratings
Credit card processing00 Ratings9.011 Ratings
Cost of goods sold00 Ratings9.015 Ratings
Order Orchestration00 Ratings7.85 Ratings
End-to-end order visibility00 Ratings7.45 Ratings
Order exception Resolution00 Ratings7.85 Ratings
Best Alternatives
MIP Fund AccountingSage 50cloud Accounting
Small Businesses
QuickBooks Desktop Pro
QuickBooks Desktop Pro
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 AccountingSage 50cloud Accounting
Likelihood to Recommend
8.8
(429 ratings)
9.0
(34 ratings)
Likelihood to Renew
9.2
(125 ratings)
9.6
(12 ratings)
Usability
8.2
(100 ratings)
10.0
(8 ratings)
Availability
9.8
(15 ratings)
-
(0 ratings)
Performance
8.5
(84 ratings)
-
(0 ratings)
Support Rating
7.8
(99 ratings)
10.0
(7 ratings)
In-Person Training
10.0
(8 ratings)
-
(0 ratings)
Online Training
8.4
(7 ratings)
-
(0 ratings)
Implementation Rating
6.5
(28 ratings)
9.0
(4 ratings)
Configurability
8.6
(8 ratings)
-
(0 ratings)
Ease of integration
7.8
(13 ratings)
-
(0 ratings)
Product Scalability
8.7
(15 ratings)
9.1
(1 ratings)
Vendor post-sale
8.3
(13 ratings)
-
(0 ratings)
Vendor pre-sale
8.1
(13 ratings)
-
(0 ratings)
User Testimonials
MIP Fund AccountingSage 50cloud Accounting
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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Sage
Sage is great for portability and exchange with external accountants as it is widely used and people will be able to read your data in. It's a very good and complete solution for a little business where one person can handle all of the accounting. I doubt that it scales well to large companies with several in-house accountants working at the same time.
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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
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Sage
  • It has the capability of "Single Click" processes that allows you to turn Quotes into orders, instant invoicing and track A/R in the Order Screen
  • I can email Sales Orders directly to my Customer and also remind them of past due from a single screen. I can track Project, Closeouts, Over Seas order by setting up Jobs and clicking the job name in Order Entry.
  • You can use recurring entries and copy and paste on the P&L, using masking for department reporting and budgeting
  • You can use the BI feature and export into Excel in Pivot format and utilize Timeline and Slicer to see the company overall performance by months, day or years
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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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Sage
  • Sage 50 could use some improvement in the Invoicing Module to allow for more flexibility in the design of the Invoice fields. The report customization tools could use some upgrading for easier use.
  • Fixed assets management module needs to be included with unlimited number of fixed assets.
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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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Sage
I use this rating simply because I have a thriving Sage 50 consulting practice and will continue to keep my expertise in the product. I have consulted on both Sage 50 and QuickBooks for over 25 years so I have to maintain expertise in the solution as well as accounting and verticals.
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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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Sage
Sage delivers what it promises. The whole accounting package is user friendly and can be easily picked up by a novice. The support is second to none. They always keep us abreast of new technologies and/or changes to accounting that would impact us. The range of reports fits both small and large companies.,
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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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Sage
No answers on this topic
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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Sage
No answers on this topic
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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Sage
Although I have only needed to call tech support on three occasions through out the entire time of usage, each time my problem was quickly resolved by people who were obviously well trained and easy to understand. Sage 50 Premium Accounting is a reliable and "bug-free" product that is regularly improved upon.
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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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Sage
No answers on this topic
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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Sage
No answers on this topic
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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Sage
Sage 50 is a strong accounting software package. It will work efficiently if it is installed correctly. If one puts garbage in, one will get garbage out. Also it is important to train the staff to use Sage 50 properly. It is also important to set up security for each user.
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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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Sage
As we did the conversion almost 10 years ago it is hard to answer this question. At the time it was the ease of being able to produce both cash and accrual financial statements and reporting that led us to pick Sage
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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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Sage
I define scalable from two perspectives; 1) the scalability to handle more bookkeepers/accountants using the product, and 2) the scalability to handle increasing customer/vendor/employee and transactional data. Sage 50 does a good job on both fronts. From the single users operating a micro-business accounting for customer invoices and bill payments only, to the multi-staff, multi-location, multi-departmental complex transactional operation. Although Sage 50 is quite expensive for that smallest user, it is quite inexpensive for the larger business entity. So, for the new enterprise expecting rapid growth, Sage 50 is the application of choice.
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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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Sage
  • Sage definitely needs to do a better job with customer service. I have had to use them only a handful of times and it was not a great experience but not the worse I've seen. They didn't make us a priority and I felt that they didn't have a sense of urgency. They did address my lack of satisfaction and I can see that they are at least aware of the issues and they are trying to correct them.
  • Sage is exactly what we need in my current organization and I wouldn't change it for another system. I have used quite a few in my lifetime and I would say that it fits our needs.
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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