Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Acumatica
Score 8.8 out of 10
N/A
Acumatica delivers a set of cloud-based business software applications with dashboards, reporting tools, integrated document management, centralized security, and customization tools.
$1,000
per year
MIP Fund Accounting
Score 8.8 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
Pricing
AcumaticaMIP Fund Accounting
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
AcumaticaMIP Fund Accounting
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsPricing is always consumption-based with no five-year lock-ins or termination penalties. The Acumatica ERP pricing structure allows adding casual users, suppliers, and customers without paying for additional licenses. The cost is based on the features and resources utilized, not on the number of users who access the system. An Acumatica partner works with users to understand specific requirements, determine the proper resources and modules for the company, and presents a price for the license.
More Pricing Information
Community Pulse
AcumaticaMIP Fund Accounting
Features
AcumaticaMIP Fund Accounting
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Acumatica
8.3
113 Ratings
12% above category average
MIP Fund Accounting
-
Ratings
Pay calculation7.399 Ratings00 Ratings
Benefit plan administration7.076 Ratings00 Ratings
Direct deposit files7.499 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Acumatica
8.3
318 Ratings
10% above category average
MIP Fund Accounting
-
Ratings
API for custom integration8.3299 Ratings00 Ratings
Plug-ins8.3272 Ratings00 Ratings
Security
Comparison of Security features of Product A and Product B
Acumatica
8.3
393 Ratings
1% below category average
MIP Fund Accounting
-
Ratings
Single sign-on capability8.6324 Ratings00 Ratings
Role-based user permissions8.1386 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Acumatica
8.1
401 Ratings
9% above category average
MIP Fund Accounting
-
Ratings
Dashboards8.2376 Ratings00 Ratings
Standard reports7.9394 Ratings00 Ratings
Custom reports8.2384 Ratings00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Acumatica
8.7
666 Ratings
13% above category average
MIP Fund Accounting
-
Ratings
Accounts payable8.5646 Ratings00 Ratings
Accounts receivable8.4536 Ratings00 Ratings
Global Financial Support7.9234 Ratings00 Ratings
Primary and Secondary Ledgers8.1325 Ratings00 Ratings
Journals and Reconciliations8.2510 Ratings00 Ratings
Configurable Accounting8.2367 Ratings00 Ratings
Standardized Processes8.4408 Ratings00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Acumatica
8.3
422 Ratings
4% above category average
MIP Fund Accounting
-
Ratings
Inventory tracking8.2414 Ratings00 Ratings
Automatic reordering7.5210 Ratings00 Ratings
Location management8.1278 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Acumatica
8.6
431 Ratings
8% above category average
MIP Fund Accounting
-
Ratings
Pricing8.0372 Ratings00 Ratings
Order entry8.4385 Ratings00 Ratings
Credit card processing7.8266 Ratings00 Ratings
Cost of goods sold8.1358 Ratings00 Ratings
Order Orchestration7.8200 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Acumatica
8.7
500 Ratings
15% above category average
MIP Fund Accounting
-
Ratings
Billing Management8.1339 Ratings00 Ratings
Cash and Asset Management8.1449 Ratings00 Ratings
Travel & Expense Management7.6242 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting7.9258 Ratings00 Ratings
Period Close8.6365 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Acumatica
9.9
4 Ratings
27% above category average
MIP Fund Accounting
-
Ratings
Budgeting and Forecasting9.64 Ratings00 Ratings
Project Costing9.93 Ratings00 Ratings
Cost Capture9.93 Ratings00 Ratings
Capital Project Management10.02 Ratings00 Ratings
Customer Contract Compliance10.02 Ratings00 Ratings
Project Revenue Recognition9.93 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Acumatica
7.9
176 Ratings
12% above category average
MIP Fund Accounting
-
Ratings
Project Planning and Scheduling7.6158 Ratings00 Ratings
Task Insight for Project Managers7.8155 Ratings00 Ratings
Project Mobile Functionality7.7134 Ratings00 Ratings
Definable Resource Pools7.892 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Acumatica
8.0
73 Ratings
9% above category average
MIP Fund Accounting
-
Ratings
Award Lifecycle Management7.973 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Acumatica
7.5
257 Ratings
7% above category average
MIP Fund Accounting
-
Ratings
Bids Analyzed and Compared7.8100 Ratings00 Ratings
Contract Authoring7.776 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated8.1211 Ratings00 Ratings
Supplier Management8.0147 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Acumatica
7.9
110 Ratings
17% above category average
MIP Fund Accounting
-
Ratings
Risk Repository8.178 Ratings00 Ratings
Control Management7.998 Ratings00 Ratings
Control Efficiency Assessments8.183 Ratings00 Ratings
Issue Detection7.785 Ratings00 Ratings
Remediation and Certification7.669 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Acumatica
8.7
136 Ratings
24% above category average
MIP Fund Accounting
-
Ratings
Transportation Planning and Optimization7.3102 Ratings00 Ratings
Transportation Execution Management7.699 Ratings00 Ratings
Trade and Customs Management7.576 Ratings00 Ratings
Fulfillment Management8.0109 Ratings00 Ratings
Warehouse Workforce Management7.6105 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Acumatica
8.8
155 Ratings
17% above category average
MIP Fund Accounting
-
Ratings
Production Process Design7.7130 Ratings00 Ratings
Production Management8.0143 Ratings00 Ratings
Configuration Management8.0128 Ratings00 Ratings
Work Execution8.1120 Ratings00 Ratings
Manufacturing Costs8.2137 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Acumatica
8.2
183 Ratings
12% above category average
MIP Fund Accounting
-
Ratings
Forecasting7.6153 Ratings00 Ratings
Inventory Planning7.7172 Ratings00 Ratings
Performance Monitoring7.7151 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Acumatica
8.4
105 Ratings
15% above category average
MIP Fund Accounting
-
Ratings
Proposal Management7.889 Ratings00 Ratings
Product Master Data Management7.7100 Ratings00 Ratings
Best Alternatives
AcumaticaMIP Fund Accounting
Small Businesses
Zoho One
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Score 9.3 out of 10
QuickBooks Online
QuickBooks Online
Score 8.3 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 8.4 out of 10
Sage Intacct
Sage Intacct
Score 8.6 out of 10
Enterprises
24SevenOffice
24SevenOffice
Score 8.8 out of 10

No answers on this topic

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User Ratings
AcumaticaMIP Fund Accounting
Likelihood to Recommend
8.9
(749 ratings)
8.9
(435 ratings)
Likelihood to Renew
9.2
(65 ratings)
9.4
(132 ratings)
Usability
8.4
(37 ratings)
8.5
(103 ratings)
Availability
8.7
(5 ratings)
9.9
(15 ratings)
Performance
8.2
(4 ratings)
8.6
(92 ratings)
Support Rating
7.2
(29 ratings)
8.6
(100 ratings)
In-Person Training
5.7
(5 ratings)
10.0
(9 ratings)
Online Training
7.8
(4 ratings)
8.0
(7 ratings)
Implementation Rating
6.3
(20 ratings)
6.1
(28 ratings)
Configurability
6.6
(3 ratings)
8.5
(8 ratings)
Contract Terms and Pricing Model
6.6
(4 ratings)
-
(0 ratings)
Ease of integration
6.1
(2 ratings)
9.2
(14 ratings)
Product Scalability
7.5
(5 ratings)
8.2
(15 ratings)
Professional Services
9.1
(3 ratings)
-
(0 ratings)
Vendor post-sale
4.9
(5 ratings)
9.4
(13 ratings)
Vendor pre-sale
6.0
(4 ratings)
8.7
(13 ratings)
User Testimonials
AcumaticaMIP Fund Accounting
Likelihood to Recommend
Acumatica
I would love to recommend it to my friends and colleagues. They have a dedicated storage manager along with some really good cloud capabilities, which helps get the work done efficiently and professionally. We have been using it since 2022, and they are great in this segment.
Read full review
Momentive Software
MIP Fund Accounting works very well for general fundraising. The form creation process is easy and allows you to set parameters and add fees, quantities, images, etc. This process is smooth on the customer (forward-facing) side as well. Reports are generated once the transactions have gone through, making tracking and reconciliation with accounting easy.
Read full review
Pros
Acumatica
  • We just went live about two weeks ago, so we are here at Acumatica Summit to see everything it's capable of. One of the things it is capable of is the dashboards and the integration with some of these third-party people to ensure we can get the data we need when we need it, so we're looking forward to getting all that live for us.
Read full review
Momentive Software
  • Easy to obtain check register for select periods
  • Easy to do bank reconciliations
  • Easy to log in for remote work, for anywhere I need to access it from!
  • Easy to pull vendor, chart of accounts and other pertinent information, also easy to add information to those sections.
Read full review
Cons
Acumatica
  • There are a few spots where there is a list of data that we need a total for and we have to extract to Excel to get a total. It would be helpful to see a sum right in Acumatica.
  • For the first time today I had an interesting glitch - my entire bank reconciliation unchecked the "reconciled" column and needed to be redone for the month. Funky little glitches happen from time to time
  • Pivot tables don't seem to update as expected by using filters
Read full review
Momentive Software
  • With the payroll process, if there is an error in sending the stubs through email, there is no option to resend without a restore. That really needs to change.
  • Being able to void encumbrance at the same time as a PO would be an incredible time saver.
  • When processing W2 the system deletes info.
Read full review
Likelihood to Renew
Acumatica
I gave this 10 rating because Acumatica ERP is the backbone of the organization, next to the IT Team. We use this software for many different parts of our business. For example our Retail service stations that utilize the inventory, billing, and financials. Our Distribution company that uses it for Field services, CRM, Sales, Accounts and Financial consolidation of all company financials.
Read full review
Momentive Software
I give MIP a 10 because Our organization use MIP Fund Accounting ever since I've been there and that's been for over 20 plus years for all of our accounting and payroll. MIP has stayed on the cutting edge of technology, ever evolving to meet the needs of the times, especially post pandemic, while many are working remotely! MIP support staff are very knowledgeable and efficient. Even new users can get up to speed quickly with MIP Fund Accounting.
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Usability
Acumatica
I give it an 8 because it is very intuitive and easy to use for day to day work. I find it more difficult to create general inquiries and financial statements than it seems that it should be. It's not very intuitive in those areas.
Read full review
Momentive Software
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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Reliability and Availability
Acumatica
It's always available.
Read full review
Momentive Software
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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Performance
Acumatica
there have been some performance issues
Read full review
Momentive Software
We have 18 programs and the CFO has the ability through MIP Fund Accounting to generate separate and/or collective reporting for those programs. Each program has its own grant or funding source. Each has its own reporting guidelines that must be met so the ability to run reporting separately or collectively is a plus.
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Support Rating
Acumatica
We used Acumatica Support directly for the first year or so. Overall it's pretty good, but sometimes the support staff wasn't educated on the customizations we had, nor was I as the Customer as I couldn't remember which things were customized and which things were out of the box, so when there was an error, there were some misunderstandings.
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Momentive Software
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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In-Person Training
Acumatica
It was on General Inquiries and it's just a complex topic.
Read full review
Momentive Software
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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Online Training
Acumatica
Most of the trainers are amazing, but there were a couple who simply read the training guide
Read full review
Momentive Software
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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Implementation Rating
Acumatica
I'd say the partner selection is critically important. I think the software is very easy to implement. It's very customizable to your business. Finding a partner that will work with you to understand your business and your needs is the critical piece to make sure that the system goes along with it.
Read full review
Momentive Software
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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Alternatives Considered
Acumatica
Acumatica's sales process was much better than that of NetSuites. The NetAtWork team spent much more time with us and showed us how Acumatica really could do everything that we needed it to do, with examples using our data.
Read full review
Momentive Software
I've utilized other ERP accounting software like Infor, NetSuite, and MS Dynamics, to name a few. MIP Fund Accounting offers flexibility and room for growth while not being overly heavy on your team to maintain it. And, we're now learning more about the add-on's and more advanced capabilities to leverage with our team.
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Contract Terms and Pricing Model
Acumatica
No, annual invoices are fine. I do like that unlimited users are included.
Read full review
Momentive Software
No answers on this topic
Scalability
Acumatica
From my understanding, the P.O. module is not very robust, at least the last time I inquired about it. At the time, it had a one-to-one match, with one invoice for one P.O. and that isn't practical for many businesses. I don't believe it would be an easy system to use for sending out invoices, if we had thousands of retail utility customers. We do a small number of invoices because we sell wholesale power, not retail, so we only Invoice the municipality. Not each utility customer.
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Momentive Software
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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Professional Services
Acumatica
They are very responsive and knowledgeable about the product. If the rep doesn't have the ability to solve the issue, they quickly get someone else involved to assist us.
Read full review
Momentive Software
No answers on this topic
Return on Investment
Acumatica
  • We were able to work in one system with customizations we needed in inventory and add all our grants in the same system
  • Direct mail invoices was moved to an automated PO system saving time and allowing better financial tracking
  • The grant module can be cumbersome requiring flip flopping to program partners etc during set up
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Momentive Software
  • We converted to the cloud version a few years ago to reduce our dependency on a dedicated internal IT server which needed to be replaced. The cost of the product switched to a monthly fee which increased cost somewhat but probably is matched with IT savings over time in doing upgrades.
  • We have an efficient team of two people doing the transactional work, so we don't really have much incentive to further automate our processes. And with the turnover in the CFO position we have had, has helped us maintain consistency in our processing.
  • Once I learned how to memorize and recall transactions it was a huge timesaver and increased the accuracy and consistency of our entry.
  • The cost of training is sometimes prohibitive. Example is my accounting clerk MIGHT benefit from additional training but at about $200 for a lot of the courses, it is more than we have budgeted.
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ScreenShots

Acumatica Screenshots

Screenshot of Acumatica Cloud ERP - General Edition DashboardsScreenshot of Acumatica Cloud ERP - Manufacturing Edition DashboardsScreenshot of Acumatica Cloud ERP - Distribution Edition DashboardsScreenshot of Acumatica Cloud ERP - Construction Edition DashboardsScreenshot of Acumatica Cloud ERP - Retail Edition Dashboards

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