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Top Rated
619 Ratings

MIP Fund Accounting

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Top Rated
619 Ratings
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Score 8 out of 101
28 Ratings
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Score 5 out of 101

Likelihood to Recommend

MIP Fund Accounting

Well-suited for basic accounting, I would give it an 8. Drill-down would be nice on the general ledger to be able to look at the original entry. Maintaining the year codes and distribution codes is much too involved-this needs to be streamlined. Would be nice to be able to update information on encumbrances and purchase orders prior payment. The accounts receivable module is a bit of a nightmare-we don't use the invoicing function as it is too involved for our company. While the Accounting function deserves and 8, I would only give the payroll function about a 4.5-sorry.
Eris Tanner profile photo

Paychex Accounting Online

I think Paychex Online payroll can be an asset for nearly any employer, especially if there have been improvements to allow employee access and data storage. Many employees prefer to be paperless and would rather access paystubs, W-2s, etc. online and/or via email. It'd also be great for employees to be able to make healthcare, 401k, etc., selections online and/or review selections made previously or in a different venue.
Teresa McLaughlin profile photo

Feature Rating Comparison

Payroll Management

MIP Fund Accounting
7.4
Paychex Accounting Online
7.8
Pay calculation
MIP Fund Accounting
8.7
Paychex Accounting Online
8.0
Benefit plan administration
MIP Fund Accounting
6.5
Paychex Accounting Online
8.0
Direct deposit files
MIP Fund Accounting
8.5
Paychex Accounting Online
8.0
Salary revision and increment management
MIP Fund Accounting
7.1
Paychex Accounting Online
7.0
Reimbursement management
MIP Fund Accounting
6.3
Paychex Accounting Online
8.0

Customization

MIP Fund Accounting
8.5
Paychex Accounting Online
9.0
API for custom integration
MIP Fund Accounting
8.4
Paychex Accounting Online
9.0
Plug-ins
MIP Fund Accounting
8.6
Paychex Accounting Online
9.0

Security

MIP Fund Accounting
8.8
Paychex Accounting Online
7.5
Single sign-on capability
MIP Fund Accounting
8.7
Paychex Accounting Online
7.0
Role-based user permissions
MIP Fund Accounting
8.8
Paychex Accounting Online
8.0

Reporting & Analytics

MIP Fund Accounting
7.7
Paychex Accounting Online
7.3
Dashboards
MIP Fund Accounting
7.1
Paychex Accounting Online
6.0
Standard reports
MIP Fund Accounting
8.0
Paychex Accounting Online
8.0
Custom reports
MIP Fund Accounting
7.9
Paychex Accounting Online
8.0

General Ledger and Configurable Accounting

MIP Fund Accounting
8.0
Paychex Accounting Online
7.4
Accounts payable
MIP Fund Accounting
8.4
Paychex Accounting Online
7.0
Accounts receivable
MIP Fund Accounting
8.2
Paychex Accounting Online
7.0
Cash management
MIP Fund Accounting
8.2
Paychex Accounting Online
8.0
Bank reconciliation
MIP Fund Accounting
8.5
Paychex Accounting Online
8.0
Expense management
MIP Fund Accounting
8.5
Paychex Accounting Online
8.0
Time tracking
MIP Fund Accounting
6.9
Paychex Accounting Online
6.2
Fixed asset management
MIP Fund Accounting
7.8
Paychex Accounting Online
8.0
Multi-currency support
MIP Fund Accounting
7.7
Paychex Accounting Online
8.0
Multi-division support
MIP Fund Accounting
8.6
Paychex Accounting Online
4.4
Regulations compliance
MIP Fund Accounting
8.3
Paychex Accounting Online
8.0
Electronic tax filing
MIP Fund Accounting
8.0
Paychex Accounting Online
8.0
Self-service portal
MIP Fund Accounting
7.7
Paychex Accounting Online
8.0
Standardized Processes
MIP Fund Accounting
7.4
Paychex Accounting Online

Inventory Management

MIP Fund Accounting
4.2
Paychex Accounting Online
Inventory tracking
MIP Fund Accounting
7.3
Paychex Accounting Online
Automatic reordering
MIP Fund Accounting
1.0
Paychex Accounting Online
Location management
MIP Fund Accounting
7.7
Paychex Accounting Online
Manufacturing module
MIP Fund Accounting
1.0
Paychex Accounting Online

Order Management

MIP Fund Accounting
4.7
Paychex Accounting Online
Pricing
MIP Fund Accounting
6.5
Paychex Accounting Online
Order entry
MIP Fund Accounting
7.2
Paychex Accounting Online
Credit card processing
MIP Fund Accounting
2.5
Paychex Accounting Online
Cost of goods sold
MIP Fund Accounting
2.7
Paychex Accounting Online

Pros

MIP Fund Accounting

  • The interface and operations of Abila MIP Fund are fairly easy to utilize and learn.
  • It offers some excellent tools for managing a non-profit operation.
  • The software makes it easy to streamline operations into one system without dealing with separate departments working with different systems.
Bruce Emmerling profile photo

Paychex Accounting Online

  • Interactive dashboard
  • Double-entry accounting
  • Customizable Chart of Accounts
  • Standard financial reports: Balance Sheet, Profit and Loss, and Trial Balance
  • You can connect to the financial institutions where you have accounts and download transactions
Ginelle Cross, CPP profile photo

Cons

MIP Fund Accounting

  • It would be nice to switch between databases without having to logout and login.
  • When entering codes (like for a journal entry) it doesn't auto-search/fill the account numbers...you have to hit the dropdown and scroll for the number.
  • You can't post cash receipts without first having an invoice, which can slow down your processing.
Eric Harvey profile photo

Paychex Accounting Online

  • One thing I can think of is when you need to run a report that has to include more than two years of payroll information (year to date salaries, etc.) you are unable to do so BUT if you contact your rep they can do it for you. I am sure they will come up with a solution for this problem sometime in the near future.
Yvetta Clark profile photo

Likelihood to Renew

MIP Fund Accounting

MIP Fund Accounting 9.2
Based on 45 answers
We are so used to this software there is no chance of us starting with a new software and re-learning every step.we are content with the software at this moment and feel there is no need to look for a new accounting software
Luis Godoy profile photo

Paychex Accounting Online

Paychex Accounting Online 10.0
Based on 1 answer
Had the company I worked for not gone out of business, it is likely they would have continued using this service.
Teresa McLaughlin profile photo

Usability

MIP Fund Accounting

MIP Fund Accounting 8.3
Based on 39 answers
If you are not an accountant, it would be very difficult to use. As an accountant there are aspects that are so specific that if you do not understand how they work and hand off to other parts of the software, you can really mess up your reporting.
Christine Frenzel profile photo

Paychex Accounting Online

Paychex Accounting Online 10.0
Based on 1 answer
The software was very user friendly. Menus were intuitive so that even with minimal training I found what I was looking for with minimal effort
Teresa McLaughlin profile photo

Reliability and Availability

MIP Fund Accounting

MIP Fund Accounting 9.0
Based on 6 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 profile photo

Paychex Accounting Online

No score
No answers yet
No answers on this topic

Performance

MIP Fund Accounting

MIP Fund Accounting 10.0
Based on 6 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 profile photo

Paychex Accounting Online

No score
No answers yet
No answers on this topic

Support

MIP Fund Accounting

MIP Fund Accounting 8.4
Based on 37 answers
They consistently provide quality, knowledgeable service to my questions and concerns. The only reason I am not giving them a 10 is because recently the hold time on the telephone has been much longer than in the past. the quality of the customer service, once I speak to a representative continues to be of a high quality, but the delays are atypical of previous encounters.
Jeffrey Chapman profile photo

Paychex Accounting Online

Paychex Accounting Online 9.5
Based on 2 answers
They deserve this rating. When I first began using Paychex at AIT they were there to answer all of my questions as needed because there was no one in the company who knew what they were doing. I had to do reports that Payroll normally did not do but I did. Thank goodness for Teshia and Martha at Paychex.
Yvetta Clark profile photo

In-Person Training

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 profile photo

Paychex Accounting Online

No score
No answers yet
No answers on this topic

Online Training

MIP Fund Accounting

MIP Fund Accounting 5.2
Based on 4 answers
Personalized training provided for our organization
karen hoffman profile photo

Paychex Accounting Online

No score
No answers yet
No answers on this topic

Implementation

MIP Fund Accounting

MIP Fund Accounting 6.0
Based on 22 answers
Having a detailed plan helps. Understanding what your data 'means' is important so it can be correctly mapped to the new solution. Having other staff in on the early training helped as well. We had a few questions that popped up that our implementer was able to address promptly which then prompted the controller to ask even more detailed questions. In the end, we ended up with a better product. Keep in mind, you won't remember to ask all of the relevant questions and you may run into 'challenges' after the fact
Al Hesse profile photo

Paychex Accounting Online

Paychex Accounting Online 10.0
Based on 1 answer
Implementation was very smooth. The most cumbersome task was entering the current employees into the system during initial set up, but Paychex staff handled most of that and verified against prior system reports as well as internal reports provided to ensure 100% accuracy.
Teresa McLaughlin profile photo

Alternatives Considered

MIP Fund Accounting

Fund EZ is a product I found out about from a previous employment stint. It has a lot of the features MIP has but is not nearly as good. I would consider using this product if MIP continues to raise fees.
Erich Koch profile photo

Paychex Accounting Online

I haven't used any others, this is the only one I'm familiar with. It was already being used before I got here, so I didn't have much "deciding" to do.
No photo available

Scalability

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 profile photo

Paychex Accounting Online

No score
No answers yet
No answers on this topic

Return on Investment

MIP Fund Accounting

  • Abila has streamlined and allowed more tasks to be automated maximizing the efficiency of staff so more staff is not needed.
  • The Maintenance and Support annual fee is a bit expensive and not a very good return especially for the amount of features that are updated from year to year. I don't use support a lot since our systems are pretty efficient so hence I don't think the annual M&S is justifiable.
  • Abila's importing feature allows integration to many different systems which makes Abila very flexible allowing costs to be saved if the owner of the Abila system switches between vendors.
Donavan Lam, CPA profile photo

Paychex Accounting Online

  • The most positive impact Paychex has is their Customer Service. I LOVE Paychex Customer Service. Enough said.
  • Paychex's IT Department is on point.
Yvetta Clark profile photo

Pricing Details

MIP Fund Accounting

General

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

Paychex Accounting Online

General

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

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