What users are saying about
<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
618 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
660 Ratings

MIP Fund Accounting

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
618 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 8.1 out of 101

QuickBooks Online

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
660 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 8 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 Online

Small businesses or medium-sized companies could definitely use QuickBooks Online, especially if they are not currently using any accounting software or are transitioning from a free or low-cost product alternative. I would also recommend the online version for non-profits if they can go in with the knowledge that they'll have to categorize income more similarly to a for-profit organization.
Dylan DeClerck profile photo

Feature Rating Comparison

Payroll Management

MIP Fund Accounting
7.5
QuickBooks Online
7.5
Pay calculation
MIP Fund Accounting
8.8
QuickBooks Online
8.1
Benefit plan administration
MIP Fund Accounting
6.6
QuickBooks Online
6.8
Direct deposit files
MIP Fund Accounting
8.5
QuickBooks Online
8.7
Salary revision and increment management
MIP Fund Accounting
7.0
QuickBooks Online
6.4
Reimbursement management
MIP Fund Accounting
6.4
QuickBooks Online
7.5

Customization

MIP Fund Accounting
8.4
QuickBooks Online
7.5
API for custom integration
MIP Fund Accounting
8.3
QuickBooks Online
7.9
Plug-ins
MIP Fund Accounting
8.6
QuickBooks Online
7.1

Security

MIP Fund Accounting
8.7
QuickBooks Online
8.7
Single sign-on capability
MIP Fund Accounting
8.6
QuickBooks Online
9.2
Role-based user permissions
MIP Fund Accounting
8.8
QuickBooks Online
8.2

Reporting & Analytics

MIP Fund Accounting
7.6
QuickBooks Online
8.4
Dashboards
MIP Fund Accounting
7.0
QuickBooks Online
8.6
Standard reports
MIP Fund Accounting
8.0
QuickBooks Online
8.7
Custom reports
MIP Fund Accounting
7.9
QuickBooks Online
7.9

General Ledger and Configurable Accounting

MIP Fund Accounting
8.0
QuickBooks Online
8.3
Accounts payable
MIP Fund Accounting
8.4
QuickBooks Online
8.7
Accounts receivable
MIP Fund Accounting
8.2
QuickBooks Online
8.2
Cash management
MIP Fund Accounting
8.1
QuickBooks Online
8.1
Bank reconciliation
MIP Fund Accounting
8.5
QuickBooks Online
8.3
Expense management
MIP Fund Accounting
8.4
QuickBooks Online
8.1
Time tracking
MIP Fund Accounting
6.9
QuickBooks Online
6.6
Fixed asset management
MIP Fund Accounting
7.8
QuickBooks Online
7.6
Multi-currency support
MIP Fund Accounting
7.6
QuickBooks Online
8.1
Multi-division support
MIP Fund Accounting
8.6
QuickBooks Online
8.9
Regulations compliance
MIP Fund Accounting
8.3
QuickBooks Online
8.6
Electronic tax filing
MIP Fund Accounting
7.9
QuickBooks Online
8.4
Self-service portal
MIP Fund Accounting
7.3
QuickBooks Online
8.4
Standardized Processes
MIP Fund Accounting
7.3
QuickBooks Online
7.6
Global Financial Support
MIP Fund Accounting
QuickBooks Online
7.7
Primary and Secondary Ledgers
MIP Fund Accounting
QuickBooks Online
9.7
Intercompany Accounting
MIP Fund Accounting
QuickBooks Online
9.0
Localizations
MIP Fund Accounting
QuickBooks Online
8.1
Journals and Reconciliations
MIP Fund Accounting
QuickBooks Online
8.5
Enterprise Accounting
MIP Fund Accounting
QuickBooks Online
8.6
Configurable Accounting
MIP Fund Accounting
QuickBooks Online
8.1
Centralized Rules Framework
MIP Fund Accounting
QuickBooks Online
8.3

Inventory Management

MIP Fund Accounting
4.2
QuickBooks Online
8.0
Inventory tracking
MIP Fund Accounting
7.3
QuickBooks Online
5.9
Automatic reordering
MIP Fund Accounting
1.0
QuickBooks Online
8.5
Location management
MIP Fund Accounting
7.7
QuickBooks Online
7.6
Manufacturing module
MIP Fund Accounting
1.0
QuickBooks Online
10.0

Order Management

MIP Fund Accounting
4.7
QuickBooks Online
7.7
Pricing
MIP Fund Accounting
6.5
QuickBooks Online
6.8
Order entry
MIP Fund Accounting
7.2
QuickBooks Online
7.8
Credit card processing
MIP Fund Accounting
2.5
QuickBooks Online
7.8
Cost of goods sold
MIP Fund Accounting
2.7
QuickBooks Online
7.8
Order Orchestration
MIP Fund Accounting
QuickBooks Online
8.1
End-to-end order visibility
MIP Fund Accounting
QuickBooks Online
8.1
Order exception Resolution
MIP Fund Accounting
QuickBooks Online
7.8

Pros

MIP Fund Accounting

  • Tracks budget amounts and availability very smoothly and the reports are easy to read and utilize.
  • The encumbrance tracking is excellent and makes staying on budget much easier.
  • The general ledgers are easy to access and read.
  • Information by funding source is easy to track and access.
  • Like the 1099 coding functions.
Eris Tanner profile photo

QuickBooks Online

  • Information is updated instantaneously.
  • The reports like P&L, collections, and AR aging are very useful on a day-to-day basis.
  • Neat to share info with investors and the board.
Benjamin Jaboeuf 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

QuickBooks Online

  • QuickBooks online can be very slow, sometimes very frustrating.
  • Better customer support.
  • More training options for newcomers, it’s not an easy to learn software if you’ve never used accounting software before.
No photo available

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

QuickBooks Online

QuickBooks Online 7.7
Based on 19 answers
QBO needs better integration with non-Intuit products and developers need to use Intuit's open API to develop better add-ons. Clients are having a great deal of problems with their data importing from the bank and this takes time away from better revenue producing activities. Although the efficiencies are there, they are outweighted by the shortcomings of the product. When we ran a parallel of QBO versus other cloud accounting products, we had more issues with the QBO product than any other
No photo available

Usability

MIP Fund Accounting

MIP Fund Accounting 8.3
Based on 39 answers
It is a great software to use but it can still improve in some areas. Like if they could add spelling check function. Most software this day has spelling check as a standard function. Maybe if they could also expand the filters available when running custom reports would be very helpful
Luis Godoy profile photo

QuickBooks Online

QuickBooks Online 8.0
Based on 10 answers
The product performs in the areas of basic bookkeeping and accounting, but to fully use the product for a small business with a few "quirks" additional upgrades will be needed (from QBO Basic to QBO Plus), payroll, and add-ons will be to have all the bells and whistles needed to perform some basic functions offered in other products
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 Online

QuickBooks Online 5.6
Based on 3 answers
While there is an app, which makes it accessible, all the features are not available.
Tya Bolton profile photo

Performance

MIP Fund Accounting

MIP Fund Accounting 10.0
Based on 6 answers
Yes, it works very well about 95% of the time. I don't notice any slow down with any programs it integrates with.
Christine Frenzel profile photo

QuickBooks Online

QuickBooks Online 7.9
Based on 2 answers
There are tab issues. When I tab the field doesn't highlight and I have to backspace or delete what is in the field. Happens on the memo field and sometimes other fields. Very time consuming.
Colleen Walker profile photo

Support

MIP Fund Accounting

MIP Fund Accounting 8.4
Based on 37 answers
When we have needed support, support staff has always been knowledgeable and very helpful. We always receive a timely response.
Bob Jones profile photo

QuickBooks Online

QuickBooks Online 5.0
Based on 4 answers
My calls are answered quickly and my issues resolved usually immediately.
John H. Adair CPA 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

QuickBooks Online

No score
No answers yet
No answers on this topic

Online Training

MIP Fund Accounting

MIP Fund Accounting 5.7
Based on 4 answers
Personalized training provided for our organization
karen hoffman profile photo

QuickBooks Online

No score
No answers yet
No answers on this topic

Implementation

MIP Fund Accounting

MIP Fund Accounting 6.1
Based on 22 answers
I do not know about the implementation of the software as I was not employed by the agency at that time
Janet Resendiz profile photo

QuickBooks Online

QuickBooks Online 5.2
Based on 3 answers
I'm frustrated. Wound up with two companies, have to keep switching back and forth. This is unsatisfactory!
Robin M. Robboy, CPA profile photo

Alternatives Considered

MIP Fund Accounting

We looked at two other software products and they just couldn't track the separate funding sources the way we needed them too. It was going to be a lot of exporting and backtracking to get the right information (at that time). And Blackbaud just didn't seem to have enough "oomph" to be what we needed with the volume of transactions we have.
Marie Cline profile photo

QuickBooks Online

We liked the fresh approach and the clean aesthetics of Wave, Xero and ZipBooks. However they all lacked the ability to customize a invoice template, which is sad to say, but that was the #1 feature for us, since we had existing customers that we didn't want to disrupt; i.e., not get paid as fast due to red-tape bureaucracy. The other apps may have had some of the features we needed such as Cash Flow management and bill pay, but QuickBooks had integrations that solved that also.
No photo available

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 Online

No score
No answers yet
No answers on this topic

Return on Investment

MIP Fund Accounting

  • Hard to quantify the return on investment. Purchasing accounting software is a necessary evil and the payback is hard to measure. Basically MIP is another expense we incur each month in order to keep our books. If MIP could add some better features to its system, there could be a better ROI.
  • I think if you have MIP set up properly you could probably eliminate an FTE from your accounting department. I was able to get by with 2 people when most places would of had 3 or 4 with the same amount of work. The key though is knowing how to use the product, and setting it up correctly.
Erich Koch profile photo

QuickBooks Online

  • As an online retailer and distributor of imported goods, QBO does not help me drill down to work out my profitability across different channels. For this, I end up back in Excel.
  • QBO is a cost effective solution to basic double entry book keeping.
Warren Marland profile photo

Screenshots

Pricing Details

MIP Fund Accounting

General

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

QuickBooks Online

General

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

Add comparison