MIP Fund Accounting vs. QuickBooks Desktop Premier

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MIP Fund Accounting
Score 8.8 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
QuickBooks Desktop Premier
Score 8.2 out of 10
N/A
QuickBooks Desktop Premier is an installed version of QuickBooks for general business, contractors, manufacturing and warehouse accounting, as well as nonprofits, professional services, and retail.N/A
Pricing
MIP Fund AccountingQuickBooks Desktop Premier
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
MIP Fund AccountingQuickBooks Desktop Premier
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
MIP Fund AccountingQuickBooks Desktop Premier
Considered Both Products
MIP Fund Accounting
Chose MIP Fund Accounting
The HRA used RealPage (I'm not sure if it is actually the one listed above), and it did not work well. I'm not sure if it wasn't set up well, designed for larger property management companies, or just not good software, but it did not suit our needs at all. We chose a different …
Chose MIP Fund Accounting
Despite it's higher cost, MIP offers the most flexibility with reporting than other programs which while less expensive, were more cumbersome to use and reporting set up was more labor intensive.
Chose MIP Fund Accounting
Many competing products may not offer some of the comprehensive all-in-one type solutions that are found in MIP Fund. Non-profits can have particulate needs such as specialized taxation, funding, and membership support not always address in other commercial oriented products. …
Chose MIP Fund Accounting
I have used multiple applications, I did not select this particular application but overall I think that MIP stacks up very good with other similar applications in the same level.
Chose MIP Fund Accounting
MIP is barely functional. Even QuickBooks would have been a better choice. The only functionality that MIP has is the ability to track by year across multiple year ends. There are no functional financial statement templates. Cash management is a nightmare. The work arounds to …
Chose MIP Fund Accounting
I have used QuickBooks Premier for Non-Profits in a previous job, but not at my current position. They have used MIP for several years prior to me coming on board. QuickBooks was much easier to learn, but I don't feel it has as much functionality as MIP does with the use of …
Chose MIP Fund Accounting
I was not involved in the process of purchasing software.
Chose MIP Fund Accounting
Our company chose Abile MIP because a former employee (that was held in high esteem) recommended it. Since then, we have felt stuck with it due to the cost of switching over to another platform. I personally feel, as do many of my colleagues, that another platform would be …
Chose MIP Fund Accounting
MIP is more robust than QuickBooks for an organization our size.
QuickBooks Desktop Premier

No answer on this topic

Features
MIP Fund AccountingQuickBooks Desktop Premier
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Desktop Premier
8.5
53 Ratings
12% above category average
Pay calculation00 Ratings9.251 Ratings
Benefit plan administration00 Ratings8.425 Ratings
Direct deposit files00 Ratings8.241 Ratings
Salary revision and increment management00 Ratings8.432 Ratings
Reimbursement management00 Ratings8.535 Ratings
Customization
Comparison of Customization features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Desktop Premier
7.5
24 Ratings
3% below category average
API for custom integration00 Ratings8.017 Ratings
Plug-ins00 Ratings7.024 Ratings
Security
Comparison of Security features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Desktop Premier
8.5
57 Ratings
4% above category average
Single sign-on capability00 Ratings8.650 Ratings
Role-based user permissions00 Ratings8.448 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Desktop Premier
8.3
68 Ratings
6% above category average
Dashboards00 Ratings8.857 Ratings
Standard reports00 Ratings8.567 Ratings
Custom reports00 Ratings7.665 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Desktop Premier
7.9
71 Ratings
4% above category average
Accounts payable00 Ratings8.469 Ratings
Accounts receivable00 Ratings8.670 Ratings
Cash management00 Ratings8.864 Ratings
Bank reconciliation00 Ratings8.868 Ratings
Expense management00 Ratings8.867 Ratings
Time tracking00 Ratings7.534 Ratings
Fixed asset management00 Ratings6.248 Ratings
Multi-currency support00 Ratings7.623 Ratings
Multi-division support00 Ratings8.239 Ratings
Regulations compliance00 Ratings8.224 Ratings
Electronic tax filing00 Ratings7.935 Ratings
Self-service portal00 Ratings5.823 Ratings
Global Financial Support00 Ratings6.09 Ratings
Primary and Secondary Ledgers00 Ratings7.013 Ratings
Intercompany Accounting00 Ratings8.116 Ratings
Localizations00 Ratings7.86 Ratings
Journals and Reconciliations00 Ratings8.824 Ratings
Enterprise Accounting00 Ratings8.513 Ratings
Configurable Accounting00 Ratings8.115 Ratings
Centralized Rules Framework00 Ratings7.610 Ratings
Standardized Processes00 Ratings8.515 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Desktop Premier
8.1
42 Ratings
8% above category average
Inventory tracking00 Ratings8.341 Ratings
Automatic reordering00 Ratings7.321 Ratings
Location management00 Ratings8.824 Ratings
Manufacturing module00 Ratings7.721 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Desktop Premier
8.2
46 Ratings
7% above category average
Pricing00 Ratings8.036 Ratings
Order entry00 Ratings7.837 Ratings
Credit card processing00 Ratings9.233 Ratings
Cost of goods sold00 Ratings9.042 Ratings
Order Orchestration00 Ratings7.57 Ratings
End-to-end order visibility00 Ratings8.58 Ratings
Order exception Resolution00 Ratings7.55 Ratings
Best Alternatives
MIP Fund AccountingQuickBooks Desktop Premier
Small Businesses
QuickBooks Online
QuickBooks Online
Score 8.3 out of 10
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 9.1 out of 10
Medium-sized Companies
Sage Intacct
Sage Intacct
Score 8.6 out of 10
Accounting Seed
Accounting Seed
Score 7.5 out of 10
Enterprises

No answers on this topic

BlackLine
BlackLine
Score 8.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MIP Fund AccountingQuickBooks Desktop Premier
Likelihood to Recommend
8.9
(435 ratings)
8.4
(74 ratings)
Likelihood to Renew
9.4
(132 ratings)
7.5
(14 ratings)
Usability
8.5
(103 ratings)
9.0
(25 ratings)
Availability
9.9
(15 ratings)
10.0
(6 ratings)
Performance
8.6
(92 ratings)
9.0
(5 ratings)
Support Rating
8.6
(100 ratings)
4.0
(13 ratings)
In-Person Training
10.0
(9 ratings)
-
(0 ratings)
Online Training
8.0
(7 ratings)
1.0
(1 ratings)
Implementation Rating
6.1
(28 ratings)
7.2
(7 ratings)
Configurability
8.5
(8 ratings)
9.0
(2 ratings)
Ease of integration
9.2
(14 ratings)
7.0
(1 ratings)
Product Scalability
8.2
(15 ratings)
9.0
(5 ratings)
Vendor post-sale
9.4
(13 ratings)
6.0
(1 ratings)
Vendor pre-sale
8.7
(13 ratings)
6.0
(2 ratings)
User Testimonials
MIP Fund AccountingQuickBooks Desktop Premier
Likelihood to Recommend
Momentive Software
MIP Fund Accounting works very well for general fundraising. The form creation process is easy and allows you to set parameters and add fees, quantities, images, etc. This process is smooth on the customer (forward-facing) side as well. Reports are generated once the transactions have gone through, making tracking and reconciliation with accounting easy.
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Intuit
We really think that ANY typical business would be a reasonable fit for QuickBooks Desktop Premier. While not necessary, even a comparatively unexperienced accounting person could look at the "Home" screen and follow their nose thru typical daily accounting processes without much detailed knowledge. Reporting is simple, looking up customer info and prior transactions is simple, looking up vendors and prior payments is simple... all in all, quite straightforward. I really can't think of an instance where it would be 'less appropriate'.
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Pros
Momentive Software
  • Easy to obtain check register for select periods
  • Easy to do bank reconciliations
  • Easy to log in for remote work, for anywhere I need to access it from!
  • Easy to pull vendor, chart of accounts and other pertinent information, also easy to add information to those sections.
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Intuit
  • Employment - it makes creating paychecks a snap and tracks taxes.
  • Invoicing - they have a straightforward approach to creating invoices and you can even email them to your customers.
  • Customers - the program makes tracking customer information and balances easy.
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Cons
Momentive Software
  • With the payroll process, if there is an error in sending the stubs through email, there is no option to resend without a restore. That really needs to change.
  • Being able to void encumbrance at the same time as a PO would be an incredible time saver.
  • When processing W2 the system deletes info.
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Intuit
  • Support for older versions of QuickBooks ends after three years, then users must purchase the newest version at full price. Renewals should be deeply discounted for existing users.
  • I would like to see better in-product inventory tracking, so we can choose LIFO or FIFO rather than the ambiguous "average cost" method.
  • I would like to be able to assign payroll taxes to jobs for better job costing.
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Likelihood to Renew
Momentive Software
I give MIP a 10 because Our organization use MIP Fund Accounting ever since I've been there and that's been for over 20 plus years for all of our accounting and payroll. MIP has stayed on the cutting edge of technology, ever evolving to meet the needs of the times, especially post pandemic, while many are working remotely! MIP support staff are very knowledgeable and efficient. Even new users can get up to speed quickly with MIP Fund Accounting.
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Intuit
Because we have been extremely happy with the product and our organization tends to be creatures of habit. We rarely leave a product that works this well for the latest and greatest. Typically we follow the "if it's not broken, don't fix it rule". While QB does make changes we typically just roll with it. If we do find something we don't like we work through it until we fully understand its functionality.
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Usability
Momentive Software
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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Intuit
We switched to a more "robust" software program with the hiring of a new CFO. The migration of historical data and ancillary information has been cumbersome and riddle with errors and issues. In hindsight much of what the new software program was touted to accomplish is not come to fruition. QB Desktop Premier was sufficient for the organization needs
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Reliability and Availability
Momentive Software
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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Intuit
This is very reliable software, the desktop version is fast. If there is a problem, it is most likely on your own hardware!
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Performance
Momentive Software
We have 18 programs and the CFO has the ability through MIP Fund Accounting to generate separate and/or collective reporting for those programs. Each program has its own grant or funding source. Each has its own reporting guidelines that must be met so the ability to run reporting separately or collectively is a plus.
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Intuit
It takes forever to load.
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Support Rating
Momentive Software
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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Intuit
This is where QuickBooks falls short. Many times my staff has had questions that have not been able to get resolved easily with a chat or call. I personally have had more general questions that have not been answered easily as well. I think QuickBooks needs to provide the resources of having readily accessible help in order to make it simpler to get solutions.
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In-Person Training
Momentive Software
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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Intuit
No answers on this topic
Online Training
Momentive Software
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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Intuit
No answers on this topic
Implementation Rating
Momentive Software
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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Intuit
It is important to do your research. There are tutorial videos online that could help new user of this accounting system. These tutorials are straightforward and easily understandable.
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Alternatives Considered
Momentive Software
I've utilized other ERP accounting software like Infor, NetSuite, and MS Dynamics, to name a few. MIP Fund Accounting offers flexibility and room for growth while not being overly heavy on your team to maintain it. And, we're now learning more about the add-on's and more advanced capabilities to leverage with our team.
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Intuit
QuickBooks Premier handles most of my business functions efficiently in one package. It is not my "everything." I use Replicon for time rather than QuickBooks. I don't want my WIP data interfering with my accounting. I use PaySimple for it's web interface and back office processing. I don't have security issues since I don't have any credit card data in my possession. With today's identity theft environment, I have to protect myself as much as I can. Not having credit card data in my accounting software lets me sleep much better at night. Quicken will do basic accounting but does not have all the double entry accounting systems contained in QuickBooks. QuickBooks Online does much of the basic business functions but I don't like the pricing structure. As a professional accountant, that is very important to me. Bill.com provided a good service but the ability of QuickBooks to add bills and receipts to transactions makes it redundant.
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Scalability
Momentive Software
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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Intuit
They're getting better. Still room for improvement.
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Return on Investment
Momentive Software
  • We converted to the cloud version a few years ago to reduce our dependency on a dedicated internal IT server which needed to be replaced. The cost of the product switched to a monthly fee which increased cost somewhat but probably is matched with IT savings over time in doing upgrades.
  • We have an efficient team of two people doing the transactional work, so we don't really have much incentive to further automate our processes. And with the turnover in the CFO position we have had, has helped us maintain consistency in our processing.
  • Once I learned how to memorize and recall transactions it was a huge timesaver and increased the accuracy and consistency of our entry.
  • The cost of training is sometimes prohibitive. Example is my accounting clerk MIGHT benefit from additional training but at about $200 for a lot of the courses, it is more than we have budgeted.
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Intuit
  • Most of our business clients use QuickBooks which makes it efficient for us to work on clients that use the program. We can import QuickBooks data into our software which adds efficiencies to our tax practice.
  • Having staff that are familiar with the software enables our firm to provide quality service to the clients that use QuickBooks.
  • We receive referrals from satisfied QuickBooks clients.
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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