What users are saying about

Abila MIP Fund Accounting

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Top Rated
603 Ratings

Xero

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Top Rated
222 Ratings

Abila MIP Fund Accounting

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Top Rated
603 Ratings
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Score 8 out of 101

Xero

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Top Rated
222 Ratings
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Score 8.6 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

Xero

Xero is well suited to SME businesses that don't require the locked down approach of larger finance packages like Oracle financials and SAP. It's easy to use and understand for non finance trained staff. Invoicing and credit control is made simple and projects overlay feature allows for better control and visibility of projects being delivered.
Graham Green profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
7.6
Xero
6.6
Pay calculation
Abila MIP Fund Accounting
8.8
Xero
7.3
Benefit plan administration
Abila MIP Fund Accounting
7.0
Xero
6.0
Direct deposit files
Abila MIP Fund Accounting
8.7
Xero
6.9
Salary revision and increment management
Abila MIP Fund Accounting
7.0
Xero
6.7
Reimbursement management
Abila MIP Fund Accounting
6.4
Xero
6.2

Customization

Abila MIP Fund Accounting
7.7
Xero
8.6
API for custom integration
Abila MIP Fund Accounting
7.7
Xero
8.6
Plug-ins
Abila MIP Fund Accounting
7.7
Xero
8.5

Security

Abila MIP Fund Accounting
8.5
Xero
8.9
Single sign-on capability
Abila MIP Fund Accounting
8.4
Xero
9.0
Role-based user permissions
Abila MIP Fund Accounting
8.5
Xero
8.7

Reporting & Analytics

Abila MIP Fund Accounting
7.5
Xero
8.3
Dashboards
Abila MIP Fund Accounting
6.5
Xero
8.3
Standard reports
Abila MIP Fund Accounting
7.9
Xero
8.7
Custom reports
Abila MIP Fund Accounting
8.1
Xero
8.0

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.7
Xero
8.1
Accounts payable
Abila MIP Fund Accounting
8.5
Xero
8.8
Accounts receivable
Abila MIP Fund Accounting
8.2
Xero
8.9
Cash management
Abila MIP Fund Accounting
7.9
Xero
8.3
Bank reconciliation
Abila MIP Fund Accounting
8.5
Xero
9.2
Expense management
Abila MIP Fund Accounting
8.1
Xero
7.6
Time tracking
Abila MIP Fund Accounting
6.8
Xero
5.8
Fixed asset management
Abila MIP Fund Accounting
7.7
Xero
7.4
Multi-currency support
Abila MIP Fund Accounting
6.6
Xero
8.2
Multi-division support
Abila MIP Fund Accounting
8.3
Xero
8.6
Regulations compliance
Abila MIP Fund Accounting
8.1
Xero
7.9
Electronic tax filing
Abila MIP Fund Accounting
7.7
Xero
7.8
Self-service portal
Abila MIP Fund Accounting
6.2
Xero
8.4
Standardized Processes
Abila MIP Fund Accounting
6.9
Xero
8.8
Global Financial Support
Abila MIP Fund Accounting
Xero
7.2
Primary and Secondary Ledgers
Abila MIP Fund Accounting
Xero
9.2
Intercompany Accounting
Abila MIP Fund Accounting
Xero
7.7
Localizations
Abila MIP Fund Accounting
Xero
8.3
Journals and Reconciliations
Abila MIP Fund Accounting
Xero
8.1
Enterprise Accounting
Abila MIP Fund Accounting
Xero
7.3
Configurable Accounting
Abila MIP Fund Accounting
Xero
8.4
Centralized Rules Framework
Abila MIP Fund Accounting
Xero
8.3

Inventory Management

Abila MIP Fund Accounting
4.2
Xero
7.7
Inventory tracking
Abila MIP Fund Accounting
7.3
Xero
7.0
Automatic reordering
Abila MIP Fund Accounting
1.0
Xero
7.5
Location management
Abila MIP Fund Accounting
7.7
Xero
8.3
Manufacturing module
Abila MIP Fund Accounting
1.0
Xero
8.0

Order Management

Abila MIP Fund Accounting
4.7
Xero
7.1
Pricing
Abila MIP Fund Accounting
6.5
Xero
7.7
Order entry
Abila MIP Fund Accounting
7.0
Xero
7.6
Credit card processing
Abila MIP Fund Accounting
2.5
Xero
8.2
Cost of goods sold
Abila MIP Fund Accounting
2.7
Xero
7.7
Order Orchestration
Abila MIP Fund Accounting
Xero
6.6
End-to-end order visibility
Abila MIP Fund Accounting
Xero
7.0
Order exception Resolution
Abila MIP Fund Accounting
Xero
5.2

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.1
Xero
7.7
Client data roll-up capabilities
Abila MIP Fund Accounting
7.8
Xero
7.4
Configurable alerts
Abila MIP Fund Accounting
7.4
Xero
6.9
Billing bypass
Abila MIP Fund Accounting
6.8
Xero
8.5
Client template cloning
Abila MIP Fund Accounting
7.5
Xero
6.7
Single sign-on
Abila MIP Fund Accounting
4.5
Xero
7.8
Industry-specific versioning
Abila MIP Fund Accounting
8.0
Xero
8.2
Legacy system data migration
Abila MIP Fund Accounting
7.6
Xero
7.7
Branded client dashboards
Abila MIP Fund Accounting
Xero
8.5
Client data consolidation for benchmarking
Abila MIP Fund Accounting
Xero
7.6
Configurable client onboarding questions
Abila MIP Fund Accounting
Xero
6.8
Cross-client workflow management
Abila MIP Fund Accounting
Xero
8.4

Pros

  • It allows you to create folders in which you can scan invoices, business associate contracts, and contracts in general by vendor. This allows us to keep everything in one place digitally. The good thing about this is that it speeds up finding old invoices, and allows you to send audit selections to the auditor faster due to the items selected already being scanned in digitally.
  • MIP allows for the creation of distribution codes. These are nice as they allow you to charge out common costs to multiple departments in a quick manner. Without this feature, one has to key in manually many line items into the system each and every month. Plus this feature allows for consistency, and elimination of keying errors.
  • If you have the Chart of Accounts set up properly, this system allows you to better track items by departments, Revenue/Fund codes, Location, and by GL. This is important as it allows for better analysis, tracking and reporting.
  • As for the budgeting module, this is also nice as you have the ability to upload your budget via a CSV file or you can manually cut and paste your numbers from excel into the system as well. The key thing though is setting up your budget template to match the format in MIP when cutting and pasting.
Erich Koch profile photo
  • Find and Recode - This tool is amazing. You can easily search for similar transactions and recode. For example, one team member accidentally coded a transaction from a specific vendor to two different accounts. You can search for the transaction by vendor and recode all of them in one shot. Saves a lot of time.
  • Cash Coding - We have been able to take write-up clients and code a full year of transactions in a matter of hours (it used to take days). A little time invested in importing the transactions from the bank and then you can group and code the transactions quickly. Highly recommended.
  • Integration - The ability to synch with add-ons has been invaluable. Open API's allow us to even consider building some of our own dashboards. It also allows us to pay for what we need as we grow. We don't have to pay for all the bells and whistles for areas we (or our clients) won't use.
Mike Castle profile photo

Cons

  • They need to better explain how to create definition files so end users can learn how to upload large amounts of data into the system. As of right now, most end users have to contact a consultant to create the definition file and pay literally thousands of dollars in order to do uploads.
  • The financial statement reports could be better. When I created the income statement, the profit is shown as a credit, while a loss is shown as a debit which makes it look funny for presentation purposes. I now have to key everything into Excel so it doesn't do this. The reports could be better if it allowed a way to add statistics to the report. Most FQHCs present stats like visits, Days Cash on Hand and so on. It would be nice to be able to have these stats shown in the financial statements.
  • MIP needs to allow for easier copying and pasting items into the fields. In the Budget module, you can't right click and paste. You need to select the "Edit" and then paste from the drop down menu.
Erich Koch profile photo
  • Payroll is quick and simple although we are seeing some lag in delivering standard reporting like P11's
  • More flexible reporting is being delivered, but this is proving to be a long drawn out process. Currently the new monthly Profit and Loss report cannot deliver totals or YTD figures. The new reporting is more versatile in some cases, but is slower to run. That said, the original reports are still available and are perfectly suitable for most SME's.
  • Bank feeds via Yodlee can be problematic. Identifying missing transactions is easy but takes time to identify and import missing transactions. Yodlee is a third party, so this is not strictly Xero's issue.
  • Increasingly UK banks offer direct feeds. Most charge a fee of GBP3-3.50 per month for a direct feed. They are more reliable and update automatically. Metro Bank will be a GBP 1.00 per month. Barclays are about to deliver a direct feed. Of course, they will charge at the higher end too. Santander are cheaper but do not support all accounts strangely.
John Cotter profile photo

Likelihood to Renew

Abila MIP Fund Accounting9.2
Based on 42 answers
It's the best software to fit our needs.
Nikki Patterson profile photo
Xero9.7
Based on 24 answers
We will definitely continue to use and support Xero. It is constantly being improved and upgraded and gets better and better as time goes on. It seems very likely that Xero will be a major player in the small business accounting world for the foreseeable future. It's affordable pricing and ease of use make it an excellent choice for most small businesses and organizations.
Matthew Toenjes profile photo

Usability

Abila MIP Fund Accounting8.9
Based on 37 answers
It is great and easy to use once you have had some training, some are more complex than others, but overall it is a great product.
Tracie Lambright profile photo
Xero8.3
Based on 20 answers
It's very easy to use, quite intuitive.
Malcolm Colman-Shearer profile photo

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
Xero9.0
Based on 10 answers
After 4 years, NEVER a problem with errors or outages.
Doug Fish profile photo

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
Xero10.0
Based on 8 answers
In 3 years of use, I've only broken the system once. And that was for 30 seconds.
Dan Schmidt, CPA profile photo

Support

Abila MIP Fund Accounting8.7
Based on 35 answers
Every time we have needed support we had the issue resolved within an hour.
Bianca Jurczak profile photo
Xero8.7
Based on 14 answers
Currently provides email support
Marvin Galang profile photo

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
Xero10.0
Based on 5 answers
All of Xero's training is online and available for anyone (business owner or accountants) to learn and become experts in their system. There is a range of content from product training to real world webinars from their partners. Xero is beautiful accounting software and their training is the same.
Scott Scharf profile photo

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
Xero9.5
Based on 9 answers
There is no implementation. This is cloud-based software
Amhed Herrera profile photo

Alternatives Considered

I have used QuickBooks Premier for Non-Profits in a previous job, but not at my current position. They have used MIP for several years prior to me coming on board. QuickBooks was much easier to learn, but I don't feel it has as much functionality as MIP does with the use of multiple federal and state managements and reporting
Tracie Lambright profile photo
Four years ago, Xero was the market leader. I had written an article on cloud accounting and compared all of the offerings. I had concerns as Xero was from New Zealand and preferred to use a UK company. However, Xero had more flexibility via its APIs and was, at that time, better than all other products on the market. Our first implementation required a full stock control system. At the time no other web based system had that kind of technology for SMEs.Xero was designed from the ground up as a web based solution. It has no desktop version that it tries to keep synergies with.Many new features have been added over the four years. As Silver partners we have what I would call a very good relationship. Xero has kept pace with the chasing pack.
John Cotter profile photo

Rating for Public Practice CPAs

No score
No answers yet
No answers on this topic
Xero9.1
Based on 10 answers
I have considerable experience over the last 35 years with software. Solutions like Xero would have been unaffordable to SMEs. There are always new features being added although my only concern is a rushed through payroll system for 2015-16. In reality Xero was not ready and our practice suffered as a result. we trusted Xero that it was really tested. That trust was based on our involvement with the payroll development. That said, it is saving our practice time in processing payroll. There are some glitches still and reporting such as P11's are still not available.Occasional Payroll glitches and the slow development of the new more flexible reporting is the only reason this is not a 10.
John Cotter 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
Xero9.9
Based on 6 answers
After 4 years I cannot remember a single moment of downtime. Outstanding reliability!
Doug Fish profile photo

Return on Investment

  • Hard to quantify the return on investment. Purchasing accounting software is a necessary evil and the payback is hard to measure. Basically MIP is another expense we incur each month in order to keep our books. If MIP could add some better features to its system, there could be a better ROI.
  • I think if you have MIP set up properly you could probably eliminate an FTE from your accounting department. I was able to get by with 2 people when most places would of had 3 or 4 with the same amount of work. The key though is knowing how to use the product, and setting it up correctly.
Erich Koch profile photo
  • Better collaboration with clients, allowing more off-site work (increasing productivity since no time lost to travel)
  • Easy delegation within my firm through user management, allowing better customer service and support
  • Automation of data entry tasks lets us focus on being trusted advisors and second set of eyes, allowing us to bill at a higher rate
Ean Murphy 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

Xero

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