What users are saying about
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Top Rated
618 Ratings

MIP Fund Accounting

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Top Rated
618 Ratings
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Score 8.1 out of 101
252 Ratings
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Score 8.1 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

QuickBooks Desktop Premier

If the business will have inventory or costing, I usually use caution in recommending QuickBooks. While it will perform the tasks for inventory and costing, the setup is critical to getting the information you need correctly. Once started, it is difficult to make corrections since changes are applied retroactively to all transactions.
Andrea Campbell, CPA,CITP profile photo

Feature Rating Comparison

Payroll Management

MIP Fund Accounting
7.4
QuickBooks Desktop Premier
8.7
Pay calculation
MIP Fund Accounting
8.8
QuickBooks Desktop Premier
9.3
Benefit plan administration
MIP Fund Accounting
6.6
QuickBooks Desktop Premier
7.4
Direct deposit files
MIP Fund Accounting
8.5
QuickBooks Desktop Premier
9.5
Salary revision and increment management
MIP Fund Accounting
7.0
QuickBooks Desktop Premier
8.6
Reimbursement management
MIP Fund Accounting
6.4
QuickBooks Desktop Premier
8.5

Customization

MIP Fund Accounting
8.5
QuickBooks Desktop Premier
7.6
API for custom integration
MIP Fund Accounting
8.3
QuickBooks Desktop Premier
7.6
Plug-ins
MIP Fund Accounting
8.6
QuickBooks Desktop Premier
7.6

Security

MIP Fund Accounting
8.7
QuickBooks Desktop Premier
9.0
Single sign-on capability
MIP Fund Accounting
8.7
QuickBooks Desktop Premier
8.8
Role-based user permissions
MIP Fund Accounting
8.8
QuickBooks Desktop Premier
9.2

Reporting & Analytics

MIP Fund Accounting
7.6
QuickBooks Desktop Premier
8.3
Dashboards
MIP Fund Accounting
7.0
QuickBooks Desktop Premier
8.3
Standard reports
MIP Fund Accounting
8.0
QuickBooks Desktop Premier
8.3
Custom reports
MIP Fund Accounting
7.9
QuickBooks Desktop Premier
8.2

General Ledger and Configurable Accounting

MIP Fund Accounting
8.0
QuickBooks Desktop Premier
7.6
Accounts payable
MIP Fund Accounting
8.4
QuickBooks Desktop Premier
9.4
Accounts receivable
MIP Fund Accounting
8.2
QuickBooks Desktop Premier
9.4
Cash management
MIP Fund Accounting
8.1
QuickBooks Desktop Premier
7.2
Bank reconciliation
MIP Fund Accounting
8.5
QuickBooks Desktop Premier
8.3
Expense management
MIP Fund Accounting
8.4
QuickBooks Desktop Premier
8.7
Time tracking
MIP Fund Accounting
6.9
QuickBooks Desktop Premier
8.0
Fixed asset management
MIP Fund Accounting
7.8
QuickBooks Desktop Premier
8.7
Multi-currency support
MIP Fund Accounting
7.7
QuickBooks Desktop Premier
8.7
Multi-division support
MIP Fund Accounting
8.6
QuickBooks Desktop Premier
4.9
Regulations compliance
MIP Fund Accounting
8.3
QuickBooks Desktop Premier
2.2
Electronic tax filing
MIP Fund Accounting
8.0
QuickBooks Desktop Premier
9.2
Self-service portal
MIP Fund Accounting
7.5
QuickBooks Desktop Premier
8.2
Standardized Processes
MIP Fund Accounting
7.3
QuickBooks Desktop Premier
9.7
Global Financial Support
MIP Fund Accounting
QuickBooks Desktop Premier
5.0
Primary and Secondary Ledgers
MIP Fund Accounting
QuickBooks Desktop Premier
4.5
Intercompany Accounting
MIP Fund Accounting
QuickBooks Desktop Premier
8.4
Localizations
MIP Fund Accounting
QuickBooks Desktop Premier
5.0
Journals and Reconciliations
MIP Fund Accounting
QuickBooks Desktop Premier
9.1
Enterprise Accounting
MIP Fund Accounting
QuickBooks Desktop Premier
9.6
Configurable Accounting
MIP Fund Accounting
QuickBooks Desktop Premier
7.0
Centralized Rules Framework
MIP Fund Accounting
QuickBooks Desktop Premier
8.7

Inventory Management

MIP Fund Accounting
4.2
QuickBooks Desktop Premier
6.8
Inventory tracking
MIP Fund Accounting
7.3
QuickBooks Desktop Premier
7.7
Automatic reordering
MIP Fund Accounting
1.0
QuickBooks Desktop Premier
8.0
Location management
MIP Fund Accounting
7.7
QuickBooks Desktop Premier
8.4
Manufacturing module
MIP Fund Accounting
1.0
QuickBooks Desktop Premier
3.0

Order Management

MIP Fund Accounting
4.7
QuickBooks Desktop Premier
9.7
Pricing
MIP Fund Accounting
6.5
QuickBooks Desktop Premier
9.5
Order entry
MIP Fund Accounting
7.2
QuickBooks Desktop Premier
9.5
Credit card processing
MIP Fund Accounting
2.5
QuickBooks Desktop Premier
9.4
Cost of goods sold
MIP Fund Accounting
2.7
QuickBooks Desktop Premier
9.7
Order Orchestration
MIP Fund Accounting
QuickBooks Desktop Premier
10.0
End-to-end order visibility
MIP Fund Accounting
QuickBooks Desktop Premier
10.0

Pros

MIP Fund Accounting

  • Departmental financial reporting
  • Historical reporting
  • Cross fiscal year reporting
  • Transaction detail
Robert Bowsza profile photo

QuickBooks Desktop Premier

  • Invoicing. Items can be pre-loaded with text to make creating an invoice fast and efficient.
  • Memorized Transactions. All types of transactions can be recorded repeatedly by QuickBooks with little effort on my part. This also lets me avoid missing monthly bills or retainer invoices.
  • Writing checks is one of the best tasks. If you can write a physical check, you can write a check in QuickBooks. The auto fill and auto recall make this task exceptionally easy and fast.
Andrea Campbell, CPA,CITP profile photo

Cons

MIP Fund Accounting

  • The Fixed Assets module is somewhat difficult to use with respect to disposals
  • In A/R posted transactions there is no dollar amount posted
  • When requesting posted transactions, all items appear, not just the one being requested
  • A/P vendor history displays in date order by clicking the tab at the top of the column. However, a printed version does not come out in date order
  • We have had problems matching the A/R aging report to the General Ledger
  • The drill-down feature should be expanded to areas other than financial statements
Robert Bowsza profile photo

QuickBooks Desktop Premier

  • Payroll needs to be streamlined. There are about 5 steps to creating a payroll check, 2 (the confirmations to create and print the checks) are redundant.
  • Payroll tax payment corrections are too complicated. Adjusting the balances for discounts, etc. are cumbersome.
  • Using the find for an amount could be better. There is no default, you have to choose less than, greater than or equal. The default should be equal. The others should be an option.
Andrea Campbell, CPA,CITP profile photo

Likelihood to Renew

MIP Fund Accounting

MIP Fund Accounting 9.2
Based on 45 answers
I am not the decision-maker, but it would be my recommendation at this point.
Christine Frenzel profile photo

QuickBooks Desktop Premier

QuickBooks Desktop Premier 3.7
Based on 12 answers
Because Quickbooks is the best accounting system we have encountered so far.
Cristine Delos Santos profile photo

Usability

MIP Fund Accounting

MIP Fund Accounting 8.3
Based on 39 answers
It is great and easy to use once you have had some training, some are more complex than others, but overall it is a great product.
Tracie Lambright profile photo

QuickBooks Desktop Premier

QuickBooks Desktop Premier 7.9
Based on 9 answers
After a bit of training, I found the system relatively easy to use.
No photo available

Reliability and Availability

MIP Fund Accounting

MIP Fund Accounting 9.0
Based on 6 answers
I refer back to the previous questions. It has suddenly quit on me.
Christine Frenzel profile photo

QuickBooks Desktop Premier

QuickBooks Desktop Premier 8.9
Based on 5 answers
This is very reliable software, the desktop version is fast. If there is a problem, it is most likely on your own hardware!
Silvia Evans profile photo

Performance

MIP Fund Accounting

MIP Fund Accounting 10.0
Based on 6 answers
It usually loads very quickly and I am able to get to work right away.
Cindy Chapple profile photo

QuickBooks Desktop Premier

QuickBooks Desktop Premier 5.7
Based on 4 answers
It takes forever to load.
No photo available

Support

MIP Fund Accounting

MIP Fund Accounting 8.4
Based on 37 answers
I had to call support for an issue I was having to reverse a batch that was posted by mistake. The support lady was really helpful in guiding me to the correct steps in resolving my issue. I felt very confident in knowing I can call them to resolve my issues
Luis Godoy profile photo

QuickBooks Desktop Premier

QuickBooks Desktop Premier 7.4
Based on 7 answers
Support during normal business hours is some of the best I've seen. However after hours support is outsourced to Asia
No photo available

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

QuickBooks Desktop Premier

No score
No answers yet
No answers on this topic

Online Training

MIP Fund Accounting

MIP Fund Accounting 5.5
Based on 4 answers
Personalized training provided for our organization
karen hoffman profile photo

QuickBooks Desktop Premier

QuickBooks Desktop Premier 1.0
Based on 1 answer
No answer on this topic is available.

Implementation

MIP Fund Accounting

MIP Fund Accounting 6.1
Based on 22 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 profile photo

QuickBooks Desktop Premier

QuickBooks Desktop Premier 7.2
Based on 7 answers
You should implement Quickbooks in stages if you have multiple users.
No photo available

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

QuickBooks Desktop Premier

Intuit is essentially the industry standard. We upgrade every year since at least one of our clients upgrades as well. So many of our new clients come to us with the program already being utilized and are familiar with it. It has virtually become the default accounting software at this time.
John Coleman profile photo

Scalability

MIP Fund Accounting

MIP Fund Accounting 9.0
Based on 6 answers
I have had some issues with the software suddenly closing with no reason given.
Christine Frenzel profile photo

QuickBooks Desktop Premier

QuickBooks Desktop Premier 6.2
Based on 4 answers
They're getting better. Still room for improvement.
No photo available

Return on Investment

MIP Fund Accounting

  • Staff time - MIP has allowed us to save a significant amount of staff hours by by changing the way we process transactions (i.e. accounts payable process, accounts receivable process, recurring entries, copying posted sessions - as previously mentioned).
  • Grant reporting - MIP has allowed us to customize reporting for all major funding sources. This has allowed us to meet deadlines set by our grantors, submit reports more timely and increase cash flow as a result of tracking accounts receivables and drawing down funds quicker.
  • Internal reporting - MIP has helped with internal reporting to senior management, other departments and the board of trustees, which has helped other departments accomplish their goals and targets.
Tamour Kousha profile photo

QuickBooks Desktop Premier

  • QB Premier has streamlined many previously manual entry accounting processes within our company effectively saving time and money!
  • QB Premier has saved my company several thousand dollars each year in man hours it would take for manual entry and adjustment of our books.
Tracie Jones profile photo

Screenshots

QuickBooks Desktop Premier

Pricing Details

MIP Fund Accounting

General

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

QuickBooks Desktop Premier

General

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

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