MIP Fund Accounting vs QuickBooks Desktop Premier

• Departmental financial reporting
• Historical reporting
• Cross fiscal year reporting
• Transaction detail

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• 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.

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• 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

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• 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.

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• 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.

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• 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.

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