What users are saying about
32 Ratings
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Top Rated
771 Ratings
32 Ratings
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Score 9.1 out of 100

MIP Fund Accounting

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Top Rated
771 Ratings
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Score 8.4 out of 100

Feature Set Ratings

    Payroll Management

    9.1

    Accounting Seed

    91%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Accounting Seed ranks higher in 5/5 features

    Pay calculation

    8.5
    85%
    2 Ratings
    N/A
    0 Ratings

    Benefit plan administration

    8.9
    89%
    2 Ratings
    N/A
    0 Ratings

    Direct deposit files

    9.5
    95%
    2 Ratings
    N/A
    0 Ratings

    Salary revision and increment management

    9.0
    90%
    2 Ratings
    N/A
    0 Ratings

    Reimbursement management

    9.5
    95%
    2 Ratings
    N/A
    0 Ratings

    Customization

    9.6

    Accounting Seed

    96%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Accounting Seed ranks higher in 2/2 features

    API for custom integration

    9.6
    96%
    4 Ratings
    N/A
    0 Ratings

    Plug-ins

    9.6
    96%
    3 Ratings
    N/A
    0 Ratings

    Security

    9.6

    Accounting Seed

    96%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Accounting Seed ranks higher in 2/2 features

    Single sign-on capability

    9.6
    96%
    4 Ratings
    N/A
    0 Ratings

    Role-based user permissions

    9.6
    96%
    4 Ratings
    N/A
    0 Ratings

    Reporting & Analytics

    8.7

    Accounting Seed

    87%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Accounting Seed ranks higher in 3/3 features

    Dashboards

    9.4
    94%
    5 Ratings
    N/A
    0 Ratings

    Standard reports

    8.2
    82%
    6 Ratings
    N/A
    0 Ratings

    Custom reports

    8.4
    84%
    6 Ratings
    N/A
    0 Ratings

    General Ledger and Configurable Accounting

    9.1

    Accounting Seed

    91%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Accounting Seed ranks higher in 21/21 features

    Accounts payable

    9.4
    94%
    6 Ratings
    N/A
    0 Ratings

    Accounts receivable

    9.5
    95%
    4 Ratings
    N/A
    0 Ratings

    Cash management

    9.6
    96%
    5 Ratings
    N/A
    0 Ratings

    Bank reconciliation

    9.0
    90%
    6 Ratings
    N/A
    0 Ratings

    Expense management

    9.6
    96%
    5 Ratings
    N/A
    0 Ratings

    Time tracking

    9.5
    95%
    2 Ratings
    N/A
    0 Ratings

    Fixed asset management

    9.5
    95%
    3 Ratings
    N/A
    0 Ratings

    Multi-currency support

    8.1
    81%
    3 Ratings
    N/A
    0 Ratings

    Multi-division support

    8.9
    89%
    4 Ratings
    N/A
    0 Ratings

    Regulations compliance

    8.0
    80%
    3 Ratings
    N/A
    0 Ratings

    Electronic tax filing

    8.9
    89%
    2 Ratings
    N/A
    0 Ratings

    Self-service portal

    9.5
    95%
    3 Ratings
    N/A
    0 Ratings

    Global Financial Support

    10.0
    100%
    3 Ratings
    N/A
    0 Ratings

    Primary and Secondary Ledgers

    9.2
    92%
    4 Ratings
    N/A
    0 Ratings

    Intercompany Accounting

    9.3
    93%
    4 Ratings
    N/A
    0 Ratings

    Localizations

    10.0
    100%
    3 Ratings
    N/A
    0 Ratings

    Journals and Reconciliations

    9.6
    96%
    6 Ratings
    N/A
    0 Ratings

    Enterprise Accounting

    7.0
    70%
    4 Ratings
    N/A
    0 Ratings

    Configurable Accounting

    8.9
    89%
    5 Ratings
    N/A
    0 Ratings

    Centralized Rules Framework

    9.3
    93%
    3 Ratings
    N/A
    0 Ratings

    Standardized Processes

    9.3
    93%
    4 Ratings
    N/A
    0 Ratings

    Inventory Management

    9.0

    Accounting Seed

    90%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Accounting Seed ranks higher in 4/4 features

    Inventory tracking

    9.5
    95%
    2 Ratings
    N/A
    0 Ratings

    Automatic reordering

    9.5
    95%
    2 Ratings
    N/A
    0 Ratings

    Location management

    9.5
    95%
    2 Ratings
    N/A
    0 Ratings

    Manufacturing module

    7.4
    74%
    2 Ratings
    N/A
    0 Ratings

    Order Management

    9.4

    Accounting Seed

    94%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Accounting Seed ranks higher in 7/7 features

    Pricing

    9.5
    95%
    2 Ratings
    N/A
    0 Ratings

    Order entry

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Credit card processing

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Cost of goods sold

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Order Orchestration

    9.5
    95%
    2 Ratings
    N/A
    0 Ratings

    End-to-end order visibility

    7.4
    74%
    2 Ratings
    N/A
    0 Ratings

    Order exception Resolution

    9.5
    95%
    2 Ratings
    N/A
    0 Ratings

    Attribute Ratings

    • Accounting Seed is rated higher in 3 areas: Likelihood to Recommend, Usability, Support Rating

    Likelihood to Recommend

    8.8

    Accounting Seed

    88%
    6 Ratings
    8.4

    MIP Fund Accounting

    84%
    401 Ratings

    Likelihood to Renew

    Accounting Seed

    N/A
    0 Ratings
    9.1

    MIP Fund Accounting

    91%
    89 Ratings

    Usability

    8.9

    Accounting Seed

    89%
    3 Ratings
    8.1

    MIP Fund Accounting

    81%
    93 Ratings

    Availability

    Accounting Seed

    N/A
    0 Ratings
    9.1

    MIP Fund Accounting

    91%
    13 Ratings

    Performance

    Accounting Seed

    N/A
    0 Ratings
    8.2

    MIP Fund Accounting

    82%
    52 Ratings

    Support Rating

    8.5

    Accounting Seed

    85%
    3 Ratings
    8.2

    MIP Fund Accounting

    82%
    125 Ratings

    In-Person Training

    Accounting Seed

    N/A
    0 Ratings
    10.0

    MIP Fund Accounting

    100%
    7 Ratings

    Online Training

    Accounting Seed

    N/A
    0 Ratings
    9.4

    MIP Fund Accounting

    94%
    5 Ratings

    Implementation Rating

    Accounting Seed

    N/A
    0 Ratings
    9.5

    MIP Fund Accounting

    95%
    44 Ratings

    Configurability

    Accounting Seed

    N/A
    0 Ratings
    9.9

    MIP Fund Accounting

    99%
    5 Ratings

    Ease of integration

    Accounting Seed

    N/A
    0 Ratings
    9.3

    MIP Fund Accounting

    93%
    6 Ratings

    Product Scalability

    Accounting Seed

    N/A
    0 Ratings
    10.0

    MIP Fund Accounting

    100%
    8 Ratings

    Vendor post-sale

    Accounting Seed

    N/A
    0 Ratings
    7.0

    MIP Fund Accounting

    70%
    8 Ratings

    Vendor pre-sale

    Accounting Seed

    N/A
    0 Ratings
    6.8

    MIP Fund Accounting

    68%
    8 Ratings

    Likelihood to Recommend

    Accounting Seed

    I wouldn’t recommend Accounting Seed to enterprise companies. However, Accounting Seed is the best cloud accounting tool for small and medium-sized companies that are yearning to automate accounts payable and receivable, inventory management, and invoice customization in one integrated platform.
    Read full review

    Community Brands

    If you want to use grant reporting and departmental reporting, this product works very well. It works well with basic accounting tasks and reports other than aging. It has a good amount of internal integrity, i.e. you cannot have a difference between your AR sub ledger and the AR general ledger account. This is a great product if you are well skilled in using Excel to convert text to data, create pivot tables and manipulate report presentations. With the cloud version, you have access to a "classic" view that mirrors the former product and a new "online" version which is sometimes easier to use and more visually accessible in some screens.
    Read full review

    Pros

    Accounting Seed

    • Accounting Seed is an affordable accounting solution
    • It offers many features making it an ideal accounting solution for business
    • The software integrates well with Salesforce
    • The software comes with a friendly User Interface
    Read full review

    Community Brands

    • Tech support and knowledge base. When I encounter an issue I can research the knowledge base to see if anyone else has had the same problem, and learn how to navigate. If I need further help, the support center is ready and available.
    • I like the product enhancements; they will listen to customer feedback and make changes where we, the users, see fit.
    • I like the shortcut buttons when you are in reporting; you can easily export to excel and PDF, print report details, etc...
    • I like the options that reporting gives; you can truly create a custom report to extract exactly what you want to see or don't want to see.
    Read full review

    Cons

    Accounting Seed

    • Custom reporting seems cumbersome, but it could just be that we need better instructions, more examples, maybe some more canned reports. My company needs the ability to compare multiple years, and more than one budget in a report - we start with an approved board budget and then we reproject each quarter.
    • Non profits need to print financials by restriction level - this has also been very awkward - all the data is there but I have to piece it together in an excel spreadsheet every time I want it.
    • In general, the materials needed for non profits is not as accessible as it could be.
    Read full review

    Community Brands

    • Very difficult to use - not intuitive at all; I feel like you really need the training to understand the product.
    • Very little automation; everything has to be manually entered which allows the opportunity for more errors and also requires a lot of double and triple-checking entries.
    • Cumbersome and tedious to use; for example, a journal entry that could be done in two lines on other programs, in my experience, takes at least 6 in this program, sometimes more. When you have to do this repeatedly it takes significantly longer to do everything in this program than it should.
    • Constant issues with reporting; reports are often missing funds or are incorrect and I have to call customer support for help. Most of these issues cannot be resolved immediately and a ticket has to be created to solve them.
    • In my opinion, even simple things don't work properly. We recently found out that when exporting results into Excel, if you select to remove headers and footers with the export, the program also removes some of the data. No telling how long this has been an issue, so now we have a data integrity problem with all of our exports. MIP Fund Accounting says it will fix in the next update so this likely affects other users as well.
    • Because the product is so time-consuming and cumbersome, it creates efficiency issues; everything takes longer than it should to complete, so we have to hire additional staff, especially at peak times.
    Read full review

    Pricing Details

    Accounting Seed

    Starting Price

    Editions & Modules

    Accounting Seed editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      No setup fee

      Additional Details

      Pricing starts at $3,960/year.

      MIP Fund Accounting

      Starting Price

      $249 per month

      Editions & Modules

      MIP Fund Accounting editions and modules pricing
      EditionModules

      Footnotes

        Offerings

        Free Trial
        Free/Freemium Version
        Premium Consulting/Integration Services

        Entry-level set up fee?

        No setup fee

        Additional Details

        Request Pricing Info

        Likelihood to Renew

        Accounting Seed

        No answers on this topic

        Community Brands

        We have been using MIP for over 25 years. In the '90s, we used the MS-Dos version and subsequently changed to the Windows version in the 2000s. Our organization is still relatively small in terms of staffing and even transaction volume; however, over the years, the number of projects has increased and is projected to increase drastically in the next year or two. With the increase in projects along with the ability of MIP to cater easily to large organizations, it makes perfect sense for us to renew when that time comes.
        Read full review

        Usability

        Accounting Seed

        It always works well. We've never had programming issues. Never. It is easy to customize. The system can grow with you as your business grows and changes. Being cloud-based you can work from anywhere. It is intuitive. You have all the features of Salesforce, like workflows, that work perfectly in Accounting Seed. Having that full integration with Salesforce allows you to see all our data in one platform
        Read full review

        Community Brands

        I don't know what it would be like in the for-profit arena, but for the non-profit arena, it is an excellent product. I love how you don't actually have to close years and are able to get information that spans over the year-end. And the grant tracking is excellent too. It is just an excellent accounting system.
        Read full review

        Reliability and Availability

        Accounting Seed

        No answers on this topic

        Community Brands

        Mostly its available when I need it. I do get kicked out of the cloud while entering data at times. But I do not lose data and can often just open up the classic version to continue doing what I was doing. Only rarely is there no availability and when that happens, its a very short amount of time.
        Read full review

        Performance

        Accounting Seed

        No answers on this topic

        Community Brands

        I think the reporting options are one of the best I've seen within all accounting programs I've ever used. The ease of writing new reports makes this a wonderful program. With very little experience anyone can design the specific reports to fit the needs of their organization
        Read full review

        Support Rating

        Accounting Seed

        We seldom have had to use their support but when we have, they have been responsive and actually were able to answer our questions in a simple, nontech language. You don't have to be a programmer to talk to them!
        Read full review

        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.
        Read full review

        In-Person Training

        Accounting Seed

        No answers on this topic

        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.
        Read full review

        Online Training

        Accounting Seed

        No answers on this topic

        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.
        Read full review

        Implementation Rating

        Accounting Seed

        No answers on this topic

        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.
        Read full review

        Alternatives Considered

        Accounting Seed

        Honestly, Accounting Seed was the only one I focused on when looking to switch from our existing program. It showed in the partner app store and stated it was created native to SalesForce. As I read through it's capabilities, cost, etc., I knew it was the right choice.
        Read full review

        Community Brands

        We have not researched or entertained other products during my tenure here at the organization. We have been pleased with what the product provides but would expect to reevaluate systems in the next five years to ensure MIP continues to be the best option for our rapidly changing organization and industry.
        Read full review

        Scalability

        Accounting Seed

        No answers on this topic

        Community Brands

        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.
        Read full review

        Return on Investment

        Accounting Seed

        • Business users save time sending payments to suppliers and reimbursing employees since it is just by one click.
        • The three-way POS match ensures that figures match on orders and invoices before paying suppliers.
        • Capturing data on reports that are not submitted, approval times, and policy exceptions.
        • Expense management and time tracking enable us to view the exact time taken to complete projects and the exact amount that should be paid.
        Read full review

        Community Brands

        • The Accounting and HR teams have been able to eliminate double entry, and therefore free up a lot of time.
        • With the budgeting module, we have been able to obtain a firm grasp on our grants and utilize those funds in the best way possible.
        Read full review

        Screenshots

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