LivePlan vs. MIP Fund Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
LivePlan
Score 9.0 out of 10
Small Businesses (1-50 employees)
LivePlan is business plan software for entrepreneurs. Features include the pitch creation, sample plans, financial assessments, and performance dashboards.
$15
Monthly & Annual billing options available
MIP Fund Accounting
Score 8.7 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
LivePlanMIP Fund Accounting
Editions & Modules
LivePlan Premium
Starting at $30/month
Monthly & Annual billing options available
LivePlan Standard
Starting at $15/month
Monthly & Annual billing options available
No answers on this topic
Offerings
Pricing Offerings
LivePlanMIP Fund Accounting
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsLivePlan Standard Includes: - Step-By-Step Instructions - Automatic Financial Statements - Full Financial Forecast - One-Page Pitch Builder - 500+ Sample Plans LivePlan Premium includes everything in Standard, plus: - Industry Benchmark Data - Financial Forecast Scenarios - Performance Dashboards - Milestone Planner - LiveForecast - Syncs with Xero & QuickBooks All subscriptions come with a 60-day money-back guarantee and access to expert customer support.
More Pricing Information
Best Alternatives
LivePlanMIP Fund Accounting
Small Businesses
MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
QuickBooks Desktop Pro
QuickBooks Desktop Pro
Score 8.0 out of 10
Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Sage Intacct
Sage Intacct
Score 8.7 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
LivePlanMIP Fund Accounting
Likelihood to Recommend
9.6
(6 ratings)
8.8
(429 ratings)
Likelihood to Renew
-
(0 ratings)
9.2
(125 ratings)
Usability
-
(0 ratings)
8.2
(100 ratings)
Availability
-
(0 ratings)
9.8
(15 ratings)
Performance
-
(0 ratings)
8.5
(84 ratings)
Support Rating
-
(0 ratings)
7.8
(99 ratings)
In-Person Training
-
(0 ratings)
10.0
(8 ratings)
Online Training
-
(0 ratings)
8.4
(7 ratings)
Implementation Rating
-
(0 ratings)
6.5
(28 ratings)
Configurability
-
(0 ratings)
8.6
(8 ratings)
Ease of integration
-
(0 ratings)
7.8
(13 ratings)
Product Scalability
-
(0 ratings)
8.7
(15 ratings)
Vendor post-sale
-
(0 ratings)
8.3
(13 ratings)
Vendor pre-sale
-
(0 ratings)
8.1
(13 ratings)
User Testimonials
LivePlanMIP Fund Accounting
Likelihood to Recommend
Palo Alto Software
All businesses require solutions and tools for organization and control of expenses, spreadsheets were always the first option, but since the arrival of LivePlan, all work is easier and more automated. With LivePlan we have charts and graphs that are automatically created based on our data, this is a great time and money saver. LivePlan is a tool that has worked from day one and has met our expectations in creating the total budget.
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Community Brands
MIP Fund Accounting is well suited to any company that has multiple funding sources and expenses that they need to keep a close track on. In non-profit organizations we are looked at closely and it is important to be able to accurately show where our revenue comes from and where it is going. MIP Fund Accounting can handle that easily. It is not a system I would recommend to a small business as there are so many features that they would not need for the cost to them, at least not the versions we use.
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Pros
Palo Alto Software
  • It makes it easy and simple to plan and budget the business.
  • It allows creating of accurate business forecasts.
  • It has detailed yet easy to use and customize built-in templates to help you get along with business planning easily.
  • It integrates and works perfectly well woth accounting tools like QuickBooks such that it is easy to import the accounting data.
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Community Brands
  • General Ledger processing, including journal entries and reports
  • Ability to download all reports directly to Excel and PDF formats
  • Use of Grant codes to enable grant reporting by month/quarter/year
  • Ability to have multiple departments and consolidate into groups for reporting
  • Accounts Payable and Accounts Receivable cannot be out of balance
  • Multiple ways to use the product including Cloud and Classic options, Visual menu or Standard (Top of screen) menus to select processes, many options we are not using in our simple organization
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Cons
Palo Alto Software
  • UX: It's beyond time for an overhaul, especially on mobile. It can make the app seem dated.
  • The accounting software integration has been prone to break and need to be re-setup, though that seems to have improved.
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Community Brands
  • Could be more streamlined
  • Could have a more basic version (it is a step up in complexity from quickbooks)
  • When trying to go back to a previous page/task (the 'done' or 'back' buttons) sometimes do go back too far, but sometimes they do. More consistency of how those buttons work would help.
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Likelihood to Renew
Palo Alto Software
No answers on this topic
Community Brands
I would give this software a high ranking for my use of it because I have a lot of experience setting it up properly. What I would like to learn more about this program is it's Drillpoint add on feature as this has a lot of potential to allow managers instant access to their financials and invoices when set up correctly
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Usability
Palo Alto Software
No answers on this topic
Community Brands
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
Palo Alto Software
No answers on this topic
Community Brands
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
Palo Alto Software
No answers on this topic
Community Brands
We are able to generate reports in any format that we need to show the information that we have in a clear way that is easy for staff and our boards to read. We can easily run the reports agency-wide or break them down by fund or project, showing the details that we need.
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Support Rating
Palo Alto Software
No answers on this topic
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.
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In-Person Training
Palo Alto Software
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.
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Online Training
Palo Alto Software
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.
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Implementation Rating
Palo Alto Software
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.
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Alternatives Considered
Palo Alto Software
We did not really find a similar solution. All other solutions are focused on project management, [there's] nothing on generating a business plan. There is nothing on this level that helps people without any business experience write the plan. They have samples, instructions what to write where, how to prepare for pitching, and generate dashboards. Nothing in this market gets anywhere close to this solution.
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Community Brands
This is the first time I've worked in the non-profit world. Accounting is somewhat different so I am very glad to be using a product designed specifically for non-profits. Many accounting processes are similar of course, but it is nice to have them tailored to fit the requirements of a non-profit organization.
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Scalability
Palo Alto Software
No answers on this topic
Community Brands
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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Return on Investment
Palo Alto Software
  • It has made it easy to create sensible budgets and run our business within the proposed budgets to avoid overspending.
  • It allows us to keenly follow up and keep track of how the business is performing thus getting to know on which ares we should improve.
  • It helps us have accurate future insights of the position of our business thanks to its forecasting functionality.
  • It helps us to create outstanding business plans and fund the plans which help us grow our business by improving its productivity.
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Community Brands
  • We don't use all the add-ons, but for the basic accounting that we need it for it is an excellent product. We have been using it since 2001. There are other products on the market, but this suits our needs completely.
  • It is easy to learn, with a lot of online support.
  • New staff learn to use the system quite easily.
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ScreenShots

LivePlan Screenshots

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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