What users are saying about
46 Ratings
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Top Rated
721 Ratings
46 Ratings
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Score 8.6 out of 100

MIP Fund Accounting

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Top Rated
721 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 8.2 out of 100

Likelihood to Recommend

FreeAgent

FreeAgent is really suited to the financial management of a small business. Especially an owner managed business as it provides all the tools to keep on top of finances. It can reduce the need for a bookkeeper as it is easy to add expenses and reconcile them with the linked bank accounts. The integrated payroll would also reduce the need for third-party management of such processes. Would still recommend the use of an accountant to advise on more complex financial requirements.
Vince McConville | TrustRadius Reviewer

MIP Fund Accounting

MIP is great when an organization has multiple departments. I am able to pinpoint exactly what department or event an expense was for because of the multiple options and layers to narrow down.Reports customizations are great in order to produce an understandable summary of the data for non-accounting professionals. This would be suitable for organizations who have staff with limited accounting knowledge outside the accounting team.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

FreeAgent
8.6
MIP Fund Accounting
7.4
Pay calculation
FreeAgent
8.0
MIP Fund Accounting
8.2
Benefit plan administration
FreeAgent
8.5
MIP Fund Accounting
6.6
Direct deposit files
FreeAgent
8.9
MIP Fund Accounting
8.7
Salary revision and increment management
FreeAgent
8.8
MIP Fund Accounting
6.6
Reimbursement management
FreeAgent
8.7
MIP Fund Accounting
6.9

Customization

FreeAgent
5.5
MIP Fund Accounting
7.7
API for custom integration
FreeAgent
4.5
MIP Fund Accounting
7.9
Plug-ins
FreeAgent
6.4
MIP Fund Accounting
7.5

Security

FreeAgent
8.5
MIP Fund Accounting
8.4
Single sign-on capability
FreeAgent
9.0
MIP Fund Accounting
8.5
Role-based user permissions
FreeAgent
8.0
MIP Fund Accounting
8.3

Reporting & Analytics

FreeAgent
7.8
MIP Fund Accounting
8.0
Dashboards
FreeAgent
10.0
MIP Fund Accounting
7.4
Standard reports
FreeAgent
9.0
MIP Fund Accounting
8.4
Custom reports
FreeAgent
4.4
MIP Fund Accounting
8.1

General Ledger and Configurable Accounting

FreeAgent
9.3
MIP Fund Accounting
8.2
Accounts payable
FreeAgent
10.0
MIP Fund Accounting
8.7
Accounts receivable
FreeAgent
10.0
MIP Fund Accounting
8.2
Cash management
FreeAgent
10.0
MIP Fund Accounting
7.8
Bank reconciliation
FreeAgent
10.0
MIP Fund Accounting
8.3
Expense management
FreeAgent
10.0
MIP Fund Accounting
8.5
Time tracking
FreeAgent
10.0
MIP Fund Accounting
7.3
Fixed asset management
FreeAgent
8.6
MIP Fund Accounting
8.0
Multi-currency support
FreeAgent
9.1
MIP Fund Accounting
8.4
Multi-division support
FreeAgent
9.0
MIP Fund Accounting
8.9
Regulations compliance
FreeAgent
8.7
MIP Fund Accounting
8.4
Electronic tax filing
FreeAgent
9.0
MIP Fund Accounting
8.4
Self-service portal
FreeAgent
9.0
MIP Fund Accounting
7.4
Journals and Reconciliations
FreeAgent
8.0
MIP Fund Accounting
8.1
Enterprise Accounting
FreeAgent
MIP Fund Accounting
7.9
Configurable Accounting
FreeAgent
MIP Fund Accounting
8.5
Standardized Processes
FreeAgent
MIP Fund Accounting
8.2

Inventory Management

FreeAgent
7.4
MIP Fund Accounting
4.5
Inventory tracking
FreeAgent
7.7
MIP Fund Accounting
8.0
Automatic reordering
FreeAgent
8.2
MIP Fund Accounting
1.0
Location management
FreeAgent
4.5
MIP Fund Accounting
8.2
Manufacturing module
FreeAgent
9.1
MIP Fund Accounting
1.0

Order Management

FreeAgent
8.1
MIP Fund Accounting
4.6
Pricing
FreeAgent
8.1
MIP Fund Accounting
6.1
Order entry
FreeAgent
6.8
MIP Fund Accounting
7.4
Credit card processing
FreeAgent
8.2
MIP Fund Accounting
2.3
Cost of goods sold
FreeAgent
9.1
MIP Fund Accounting
2.5

Pros

FreeAgent

  • Accounting! As you'd expect. Makes it much simpler andmore cost effective. In-coming and out-goings are recorded and assigned to projects and accounts. My accountant can access my books and reconcile so much more easily than trawling through spreadsheets.
  • Time billing - time spent on projects/client work is recorded and is ready to be invoiced as required. Saves so much time and prevents inaccuracies.
  • Invoicing - again, it should do this well and it does. Non payment reminders are automatic and clients have no excuses for not knowing the status of their account.
  • Account dashboard - gives me an instant overview of the health of the business (am I on track to meet my yearly targets) and my accounts.
Eddie May | TrustRadius Reviewer

MIP Fund Accounting

  • Grant level accounting. We manage well over 50 active grants at any given time. This system allows us to track revenue and expenditures at a grant level which enables our staff to accurately and effectively manage, monitor and report to funders.
  • Allocations module. The allocation module functions enable us to set various allocation methods to capture overhead costs and allocate to cost centers and grants efficiently and effectively.
  • Fixed Asset module. The fixed asset module allows us to integrate asset tracking and depreciation schedules that are easy to use and integrated for efficiency.
Bryan Martin | TrustRadius Reviewer

Cons

FreeAgent

  • Reporting on financials, time tracking and project status is a little poor. It's adequate for what what we need, but would be great to see more advanced features.
  • API is quite closed so cannot integrate with our other project management tools.
Anthony Stretten | TrustRadius Reviewer

MIP Fund Accounting

  • I've sat on several trainings and I feel that they are basic and broad. More real-life and in-depth examples for people that have been using the software would be great. I think the trainings are more geared to those that are just beginning to use MIP Fund Accounting.
  • I would like to see MIP Fund Accounting create a bank feed function to be used to aid the bank reconciliations.
  • For EWS, I think it would be beneficial for employees to still be able to track their hours worked in each grant per day; instead of having to break those hours up in a Cost Center on time entry for each day. This gets very daunting for some folks that have 5 or 6 splits, to record that each day. We've set these people up with a Cost Center using a distribution code; but it would still be beneficial for an auditor to see an employee document their hours worked per grant each day.
Sarah Gruver | TrustRadius Reviewer

Likelihood to Renew

FreeAgent

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

FreeAgent

FreeAgent 9.1
Based on 4 answers
I spent nearly two decades in IT and am happy to say that FreeAgent's user interface is one of the best interfaces I have ever used.
Edgar Danielyan | TrustRadius Reviewer

MIP Fund Accounting

MIP Fund Accounting 7.8
Based on 89 answers
While it does require training, and I would suggest it be on site if possible or at their corporate training offices, most users adapt to it quickly. Most parts of the program have very similar layout and functionalities and ability to have tasks/reports pre-configured.
Bob Simpson | TrustRadius Reviewer

Reliability and Availability

FreeAgent

FreeAgent 8.9
Based on 5 answers
Based in a cloud and never had any issues with down time. I can access from any device
Gavin Percy | TrustRadius Reviewer

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

FreeAgent

FreeAgent 9.1
Based on 1 answer
No answer on this topic is available.

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

FreeAgent

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.0
Based on 121 answers
We recently switched from the server version to the cloud version, and the first project manager did not answer any of my questions, and she was very unfriendly as well. I had a tremendous feeling of dread that we had made the wrong choice. A second project manager showed up, and she was exceptional! In fact we are still working with her and she's just amazing! PM #1 gets a 2, PM #2 gets a 10, so splitting the difference puts me at a 6.
Anonymous | TrustRadius Reviewer

In-Person Training

FreeAgent

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

FreeAgent

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

FreeAgent

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 3.9
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

FreeAgent

I used Fresh Books for about three years prior to switching to FreeAgent. It was the accounting functionality that made the difference - in the past two years I've not regretted the switch. Fresh Books is good, but its the UK accounting features that make FreeAgent indispensable to my business.
Eddie May | TrustRadius Reviewer

MIP Fund Accounting

I used Great Plains at a former job. It was also designed for non-profits. The payroll function/feature was much easier to maneuver than MIP Fund Accounting. The AP feature was comparable to that of MIP Fund Accounting and functioned somewhat the same. Which is nice. I do not know about the reports feature, as my reports processing was limited due to the job I had. Same with the budgeting features and A/R. We are a non-profit organization that wished to utilize a system designed specifically for this type of organization.
Cori May | TrustRadius Reviewer

Scalability

FreeAgent

FreeAgent 8.2
Based on 1 answer
No answer on this topic is available.

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

FreeAgent

  • Professional and uniform offering providing great confident customer service. My clients love it, whether they use it a little or a lot. It's a great piece of software - while sophisticated, it's straightforward to use.
  • Time saving and efficient use of my team's time. Being able to easily share and compare work / tasks.
Jason Dalton AICB CB.Cert PM.Dip | TrustRadius Reviewer

MIP Fund Accounting

  • It has fit our needs exactly.
  • It is all I've ever used at this organization. We briefly tried another setup in order to integrate with other systems and we quickly abandoned it to move back to MIP Fund Accounting (formerly Abila MIP).
  • It has been a big time saver at payroll time and tax time.
Anonymous | TrustRadius Reviewer

Screenshots

Pricing Details

FreeAgent

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

FreeAgent
10.0
MIP Fund Accounting
8.2

Likelihood to Renew

FreeAgent
MIP Fund Accounting
9.7

Usability

FreeAgent
9.1
MIP Fund Accounting
7.8

Reliability and Availability

FreeAgent
8.9
MIP Fund Accounting
10.0

Performance

FreeAgent
9.1
MIP Fund Accounting
10.0

Support Rating

FreeAgent
MIP Fund Accounting
8.0

In-Person Training

FreeAgent
MIP Fund Accounting
8.0

Online Training

FreeAgent
MIP Fund Accounting
4.0

Implementation Rating

FreeAgent
MIP Fund Accounting
3.9

Scalability

FreeAgent
8.2
MIP Fund Accounting
9.0

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