MIP Fund Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
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
MIP Fund Accounting
Editions & Modules
No answers on this topic
Offerings
Pricing Offerings
MIP Fund Accounting
Free Trial
No
Free/Freemium Version
No
Premium Consulting/Integration Services
Yes
Entry-level Setup FeeNo setup fee
Additional Details
More Pricing Information
Community Pulse
MIP Fund Accounting
Considered Both Products
MIP Fund Accounting
Chose MIP Fund Accounting
MIP Fund works well such as one competitor I have used before. Adapting to other online program software systems is the only thing I can think of that MIP could do better. But primarily as a non-profit with little time on hand and always overworked, a simpler software program …
Chose MIP Fund Accounting
While I feel Sage Intacct is a good software, it does not suite the needs of the organization the way MIP does. As I had mentioned, the Knowledgebase that MIP Fund Accounting has is an incredible tool that makes it so much easier for us to find solutions and to get the help we …
Chose MIP Fund Accounting
MIP HR Management works well for us because MIP was able to help us on personalizing the software according to our needs for better performance.
Chose MIP Fund Accounting
Much better user interface and menu structure.
Chose MIP Fund Accounting
I only used CATALYST Accounting software for a few months but thought it was very cumbersome, especially at year-end when a hard close was needed.
Chose MIP Fund Accounting
We chose MIP Fund Accounting for a better cost especially for non-profit industry over Quickbooks.
Chose MIP Fund Accounting
Our county still has EDEN - we use MIP for our grant and contract tracking because MIP is much more flexible to track the Data and run reports from. EDEN is impossible to do the kind of tracking that we need to track and bill our grants and contracts.
Chose MIP Fund Accounting
MIP Fund Accounting is the only financial software program that I have used for the purpose of consolidating financial data, and it seems to perform that function with a minimal learning curve. My employer is a non-profit entity. MIP Fund Accounting is built to function for …
Chose MIP Fund Accounting
That was so long ago it's hard to remember. I think we looked at Blackbaud back in 2004.
Chose MIP Fund Accounting
I prefer MIP to the other software I have been exposed to based on cost, ease of use, and functionality. I have tried Blackbaud about 14 years ago and was not impressed as it was hard to use and not intuitive at all. As for quickbooks, I have not used that program in mane …
Chose MIP Fund Accounting
I did not initiate the purchase of MIP. The software has been within the organization more than five years.
Chose MIP Fund Accounting
We are non-profit organization. We provide housing for underserved people and social services for homeless population with mental illnesses. We have a few different programs, specifically for properties that belong to the organization. It is extremely important that we can …
Chose MIP Fund Accounting
Best VALUE for your money!
Chose MIP Fund Accounting
MIP has better reporting and more range for our custom needs
Chose MIP Fund Accounting
MIP Fund Accounting was highly recommended by our funding source, as other Workforce Development councils (10 out of 12) in our state used it. We did get other bids for procurement purposes, but MIP was the clear choice for us.
Chose MIP Fund Accounting
MIP Fund Accounting is one of the best accounting system out there and provides a very user friendly solution to organizations' needs. MIP is also flexible enough to adapt to different organization structures with different funding portfolios. The variety of modules allow for …
Chose MIP Fund Accounting
We moved from quickbooks due to the size of our staff growing beyond its capabilities. I was not actively involved in the selection process but my understanding is that this was the best price for services offered of the systems considered.
Chose MIP Fund Accounting
We needed an option that included segment accounting due to the nature of our business (nonprofit accounting).
Chose MIP Fund Accounting
From the advent of our organization, we have been using various versions of MIP Fund Accounting. Hence, we are not able to compare or contrast with another software.
Chose MIP Fund Accounting
I have not used any other alternatives to MIP. I did not choose the MIP software, it was chosen by my company.
Top Pros
Top Cons
Best Alternatives
MIP Fund Accounting
Small Businesses
QuickBooks Desktop Pro
QuickBooks Desktop Pro
Score 8.0 out of 10
Medium-sized Companies
Sage Intacct
Sage Intacct
Score 8.7 out of 10
Enterprises

No answers on this topic

All AlternativesView all alternatives
User Ratings
MIP Fund Accounting
Likelihood to Recommend
8.8
(429 ratings)
Likelihood to Renew
9.2
(125 ratings)
Usability
8.2
(100 ratings)
Availability
9.8
(15 ratings)
Performance
8.5
(84 ratings)
Support Rating
7.8
(99 ratings)
In-Person Training
10.0
(8 ratings)
Online Training
8.3
(7 ratings)
Implementation Rating
6.5
(28 ratings)
Configurability
8.6
(8 ratings)
Ease of integration
7.8
(13 ratings)
Product Scalability
8.7
(15 ratings)
Vendor post-sale
8.3
(13 ratings)
Vendor pre-sale
8.1
(13 ratings)
User Testimonials
MIP Fund Accounting
Likelihood to Recommend
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
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
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
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
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
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
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
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
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
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
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
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
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
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

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