What users are saying about
1 Rating
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685 Ratings
1 Rating
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Score 7 out of 100

MIP Fund Accounting

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685 Ratings
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Score 8.2 out of 100

Likelihood to Recommend

Clearbooks

Larger companies, multi-currency. Clearbooks is in a competitive environment with Xero, SageOne, FreeAgent, Intuit etc., etc.
Peter Cowley | TrustRadius Reviewer

MIP Fund Accounting

With a knowledge base, I feel MIP [Fund Accounting] can be adapted to almost any industry. It's flexibility is amazing. You definitely need to work with a management partner who takes the time to understand your business and is willing to work with you to set up the most functional usage you can attain.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

General Ledger and Configurable Accounting

Clearbooks
5.0
MIP Fund Accounting
8.1
Accounts payable
Clearbooks
5.0
MIP Fund Accounting
8.5
Accounts receivable
Clearbooks
5.0
MIP Fund Accounting
8.1
Cash management
Clearbooks
5.0
MIP Fund Accounting
7.7
Bank reconciliation
Clearbooks
5.0
MIP Fund Accounting
8.1
Expense management
Clearbooks
5.0
MIP Fund Accounting
8.4
Fixed asset management
Clearbooks
5.0
MIP Fund Accounting
8.0
Time tracking
Clearbooks
MIP Fund Accounting
7.3
Multi-currency support
Clearbooks
MIP Fund Accounting
8.4
Multi-division support
Clearbooks
MIP Fund Accounting
8.9
Regulations compliance
Clearbooks
MIP Fund Accounting
8.5
Electronic tax filing
Clearbooks
MIP Fund Accounting
8.6
Self-service portal
Clearbooks
MIP Fund Accounting
7.2
Journals and Reconciliations
Clearbooks
MIP Fund Accounting
8.2
Enterprise Accounting
Clearbooks
MIP Fund Accounting
7.7
Configurable Accounting
Clearbooks
MIP Fund Accounting
8.2
Standardized Processes
Clearbooks
MIP Fund Accounting
7.9

Payroll Management

Clearbooks
MIP Fund Accounting
7.2
Pay calculation
Clearbooks
MIP Fund Accounting
8.0
Benefit plan administration
Clearbooks
MIP Fund Accounting
6.6
Direct deposit files
Clearbooks
MIP Fund Accounting
8.7
Salary revision and increment management
Clearbooks
MIP Fund Accounting
6.2
Reimbursement management
Clearbooks
MIP Fund Accounting
6.7

Customization

Clearbooks
MIP Fund Accounting
7.5
API for custom integration
Clearbooks
MIP Fund Accounting
7.7
Plug-ins
Clearbooks
MIP Fund Accounting
7.2

Security

Clearbooks
MIP Fund Accounting
8.3
Single sign-on capability
Clearbooks
MIP Fund Accounting
8.5
Role-based user permissions
Clearbooks
MIP Fund Accounting
8.1

Reporting & Analytics

Clearbooks
MIP Fund Accounting
7.8
Dashboards
Clearbooks
MIP Fund Accounting
7.4
Standard reports
Clearbooks
MIP Fund Accounting
8.2
Custom reports
Clearbooks
MIP Fund Accounting
7.9

Inventory Management

Clearbooks
MIP Fund Accounting
4.5
Inventory tracking
Clearbooks
MIP Fund Accounting
8.0
Automatic reordering
Clearbooks
MIP Fund Accounting
1.0
Location management
Clearbooks
MIP Fund Accounting
8.2
Manufacturing module
Clearbooks
MIP Fund Accounting
1.0

Order Management

Clearbooks
MIP Fund Accounting
4.6
Pricing
Clearbooks
MIP Fund Accounting
6.2
Order entry
Clearbooks
MIP Fund Accounting
7.4
Credit card processing
Clearbooks
MIP Fund Accounting
2.3
Cost of goods sold
Clearbooks
MIP Fund Accounting
2.5

Pros

Clearbooks

  • SaaS, so accessible by anyone, anywhere in the world via a browser
  • Clear and straight forward navigation
  • Good choice of management reports
Peter Cowley | TrustRadius Reviewer

MIP Fund Accounting

  • Allocation feature is great. You can make changes to percentages and programs as needed.
  • The budgeting portion works great, and makes it simple the first time you set up your company's annual budgets.
  • The Financial Reporting is wonderful. You can save and automate reports, and it helps eliminate run time at month end.
Anonymous | TrustRadius Reviewer

Cons

Clearbooks

  • Like any SaaS product, Clearbooks is continuously evolving and being improved
  • Some of the reports still need some work
Peter Cowley | TrustRadius Reviewer

MIP Fund Accounting

  • There seem to be some glitches in the HR module "talking" to the Financial Module. This makes it difficult to effectively process payroll sometimes.
  • We've not had good luck with [the] training. The finance department had great turnover a little over a year ago. When we became fully staffed again and tried to set up training, COVID hit. We attempted to set up virtual training, but it was very impersonal, and we were "fit in" where they could get us. We're getting by and discover some things on our own, but it's been very discouraging.
  • When we call the service desk, sometimes (depending on who you get) we're made to feel like we're very incompetent. Processes aren't fully explained. I've been told on several occasions, "I don't know why it did 'this or that,' but it's fixed now." It would be nice to know the "why" of an error so I can explain it to other staff, so it doesn't happen again.
Cori May | TrustRadius Reviewer

Likelihood to Renew

Clearbooks

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 9.7
Based on 49 answers
Honestly - if we had the resources to move - we would do it in a heartbeat. We have wasted so much money on this program. I am so disappointed in this product. I am so glad that I did not install it here. I just want basic functionality - and this program does not deliver.
Anonymous | TrustRadius Reviewer

Usability

Clearbooks

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 7.8
Based on 76 answers
It is a pretty easy software to learn and retain the knowledge of how to use. We are a work program school, and as such have student workers that we train each semester and the students are able to quickly learn to use the system. Even with several months of not using the software the students are able to pick it back up quickly with little to no refreshers.
Tim Warren | TrustRadius Reviewer

Reliability and Availability

Clearbooks

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 10.0
Based on 11 answers
It is mostly available when it is needed, however there have been power and internet outages that have limited the availability of programs.
Cindy Chapple | TrustRadius Reviewer

Performance

Clearbooks

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 10.0
Based on 12 answers
MIP Fund Accounting has worked very well for me. It has been ten years that I have been working with the software and have never had an issue with it crashing or losing information. I would definitely recommend this software to other users based on the experience I have had.
Janet Resendiz | TrustRadius Reviewer

Support Rating

Clearbooks

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.1
Based on 108 answers
I frequently use the online chat feature for smaller day to day problems. I've learned a lot about how the system works through the chat feature and have even helped other companies navigate and use MIP Fund Accounting (formerly Abila MIP) due to this knowledge. This is the main feature I talk about when someone asks my opinion of the system.
Anonymous | TrustRadius Reviewer

In-Person Training

Clearbooks

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.0
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 | TrustRadius Reviewer

Online Training

Clearbooks

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 4.0
Based on 4 answers
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.
Anonymous | TrustRadius Reviewer

Implementation Rating

Clearbooks

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 4.1
Based on 42 answers
Again, I was not directly involved with the planning and setup of the software. However, I was involved in training my staff during the implementation phase. As with any software implementation, consistency of training is key and a willingness to seek out help from Customer Support helps tremendously to insure accuracy of information and training.
Jeffrey Chapman | TrustRadius Reviewer

Alternatives Considered

Clearbooks

Clearbooks was chosen 5 years ago as our accountant recommended it. There is an element of inertia in moving accounts packages.
Peter Cowley | TrustRadius Reviewer

MIP Fund Accounting

It lacks the GUI friendliness of SAP or ease of entry of Quickbooks, but of course Quickbooks is not sufficient for a professional firm. Non-profits have very demanding reporting requirements to meet their monthly invoicing and are always under the risk of multiple audits from multiple agencies, so having good reporting and tracking systems like MIP offers are necessary.
Anonymous | TrustRadius Reviewer

Scalability

Clearbooks

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 9.0
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 | TrustRadius Reviewer

Return on Investment

Clearbooks

  • I am not sure that ROI is an appropriate measure for an accounts package. The cost is around £250/year, which is a tiny fraction of the cost of a bookkeeper/finance controller/finance director/CFO.
Peter Cowley | TrustRadius Reviewer

MIP Fund Accounting

  • The software really helps save money if implemented correctly. If an organization needs extensive training then its costs might be too high.
  • Centralizing the flow of information into one system can help reduce errors.
  • The reporting tools can either be quite timesaving or sometimes too simplistic. An organization will need to do a good requirement's analysis when looking at this product.
Bruce Emmerling | TrustRadius Reviewer

Screenshots

Pricing Details

Clearbooks

General

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

MIP Fund Accounting

General

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

Rating Summary

Likelihood to Recommend

Clearbooks
7.0
MIP Fund Accounting
8.2

Likelihood to Renew

Clearbooks
MIP Fund Accounting
9.7

Usability

Clearbooks
MIP Fund Accounting
7.8

Reliability and Availability

Clearbooks
MIP Fund Accounting
10.0

Performance

Clearbooks
MIP Fund Accounting
10.0

Support Rating

Clearbooks
MIP Fund Accounting
8.1

In-Person Training

Clearbooks
MIP Fund Accounting
8.0

Online Training

Clearbooks
MIP Fund Accounting
4.0

Implementation Rating

Clearbooks
MIP Fund Accounting
4.1

Scalability

Clearbooks
MIP Fund Accounting
9.0

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