Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MIP Fund Accounting
Score 8.7 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 Online
Score 8.2 out of 10
N/A
QuickBooks Online is a SaaS version of the QuickBooks product. It contains all of the features found in the local version. Higher-priced plans include greater automation, payment management, inventory and time tracking, and analytics features.
$20
per month
Pricing
MIP Fund AccountingQuickBooks Online
Editions & Modules
No answers on this topic
Solopreneur
$20
per month
Simple Start
$35
per month
Plus
$99
per month
Advanced
$235
per month
Offerings
Pricing Offerings
MIP Fund AccountingQuickBooks Online
Free Trial
NoYes
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 Online
Considered Both Products
MIP Fund Accounting
Chose MIP Fund Accounting
QuickBooks does not have the ability to meet the complex needs of our organization. We have a very extensive chart of accounts given we receive state and federal grant funding. We have to be very detailed when it comes to putting expenses in the system and we must have a …
Chose MIP Fund Accounting
MIP is hitting the sweet spot for small-medium nonprofits that need a true fund accounting solution.
Chose MIP Fund Accounting
Utilized Oracle in a manufacturing instance, and it was great! The expense would not have been practical for a company of this size. It was much more user friendly and streamlined. MIP Fund Accounting is a major improvement over the QuickBooks programs.
Chose MIP Fund Accounting
MIP was the software of choice due to its reporting capabilities and easy to learn structure. We looked at other alternatives that were more user-friendly but none of them came close to the performance of MIP. We are happy with the way MIP works for our non-profit organization.
Chose MIP Fund Accounting
Management liked MIP online better because it helped manage multiple funds at once.
Chose MIP Fund Accounting
I was not involved with the original purchase of MIP Fund Accounting and do not have prior experience working with Fund Accounting software. My background is with a public accounting firm working with primarily privately owned companies such as doctors, dentists and …
Chose MIP Fund Accounting
We are actively seeking less expensive, more flexible alternative.
Chose MIP Fund Accounting
MIP combines the level or functionality that is needed for complex non profits, NGO's with ease of use of intuitive software. MIP provides the ability to customize as much or as little as needed for Fund/ Grant Accounting. You need to be able to produce reports for Program …
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 …
QuickBooks Online

No answer on this topic

Top Pros
Top Cons
Features
MIP Fund AccountingQuickBooks Online
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Online
6.5
80 Ratings
14% below category average
Pay calculation00 Ratings5.771 Ratings
Benefit plan administration00 Ratings6.133 Ratings
Direct deposit files00 Ratings7.166 Ratings
Salary revision and increment management00 Ratings7.845 Ratings
Reimbursement management00 Ratings5.747 Ratings
Customization
Comparison of Customization features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Online
8.1
71 Ratings
7% above category average
API for custom integration00 Ratings8.457 Ratings
Plug-ins00 Ratings7.758 Ratings
Security
Comparison of Security features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Online
9.3
111 Ratings
12% above category average
Single sign-on capability00 Ratings9.183 Ratings
Role-based user permissions00 Ratings9.5105 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Online
8.0
135 Ratings
3% above category average
Dashboards00 Ratings7.9127 Ratings
Standard reports00 Ratings8.1131 Ratings
Custom reports00 Ratings7.9119 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 Online
8.1
146 Ratings
6% above category average
Accounts payable00 Ratings8.5125 Ratings
Accounts receivable00 Ratings8.5134 Ratings
Cash management00 Ratings8.6123 Ratings
Bank reconciliation00 Ratings8.6140 Ratings
Expense management00 Ratings8.2125 Ratings
Time tracking00 Ratings4.557 Ratings
Fixed asset management00 Ratings8.455 Ratings
Multi-currency support00 Ratings6.824 Ratings
Multi-division support00 Ratings9.245 Ratings
Regulations compliance00 Ratings8.940 Ratings
Electronic tax filing00 Ratings8.168 Ratings
Self-service portal00 Ratings7.168 Ratings
Global Financial Support00 Ratings8.418 Ratings
Primary and Secondary Ledgers00 Ratings7.337 Ratings
Intercompany Accounting00 Ratings8.931 Ratings
Localizations00 Ratings8.423 Ratings
Journals and Reconciliations00 Ratings8.176 Ratings
Enterprise Accounting00 Ratings8.327 Ratings
Configurable Accounting00 Ratings7.840 Ratings
Centralized Rules Framework00 Ratings8.326 Ratings
Standardized Processes00 Ratings8.151 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Online
7.3
49 Ratings
1% above category average
Inventory tracking00 Ratings7.446 Ratings
Automatic reordering00 Ratings6.523 Ratings
Location management00 Ratings8.423 Ratings
Manufacturing module00 Ratings6.818 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
QuickBooks Online
8.0
89 Ratings
4% above category average
Pricing00 Ratings7.856 Ratings
Order entry00 Ratings7.854 Ratings
Credit card processing00 Ratings8.965 Ratings
Cost of goods sold00 Ratings7.770 Ratings
Order Orchestration00 Ratings7.822 Ratings
End-to-end order visibility00 Ratings8.721 Ratings
Order exception Resolution00 Ratings7.819 Ratings
Best Alternatives
MIP Fund AccountingQuickBooks Online
Small Businesses
QuickBooks Online
QuickBooks Online
Score 8.2 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.6 out of 10
Medium-sized Companies
Sage Intacct
Sage Intacct
Score 8.6 out of 10
Accounting Seed
Accounting Seed
Score 7.4 out of 10
Enterprises

No answers on this topic

Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 6.8 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MIP Fund AccountingQuickBooks Online
Likelihood to Recommend
8.7
(434 ratings)
7.1
(164 ratings)
Likelihood to Renew
9.3
(130 ratings)
2.2
(24 ratings)
Usability
8.2
(100 ratings)
7.9
(79 ratings)
Availability
9.9
(15 ratings)
2.0
(5 ratings)
Performance
8.6
(90 ratings)
1.0
(4 ratings)
Support Rating
8.1
(99 ratings)
1.3
(68 ratings)
In-Person Training
10.0
(9 ratings)
-
(0 ratings)
Online Training
8.0
(7 ratings)
-
(0 ratings)
Implementation Rating
6.1
(28 ratings)
3.0
(6 ratings)
Configurability
8.5
(8 ratings)
10.0
(1 ratings)
Ease of integration
8.6
(13 ratings)
1.3
(2 ratings)
Product Scalability
8.4
(15 ratings)
1.0
(2 ratings)
Vendor post-sale
9.0
(13 ratings)
1.0
(2 ratings)
Vendor pre-sale
8.5
(13 ratings)
1.0
(2 ratings)
User Testimonials
MIP Fund AccountingQuickBooks Online
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.
Read full review
Intuit
QuickBooks Online is well suited for businesses looking for a cloud-based accounting software package allowing staff to work remotely or in a hybrid setting. QuickBooks Online is great for companies that want an efficient accounting software package that lends well to basic financial reporting (income statement and balance sheet). We enjoy working in QuickBooks Online.
Read full review
Pros
Momentive Software
  • General Ledger processing, including journal entries and reports
  • Ability to download all reports directly to Excel and PDF formats
  • Use of Grant codes to enable grant reporting by month/quarter/year
  • Ability to have multiple departments and consolidate into groups for reporting
  • Accounts Payable and Accounts Receivable cannot be out of balance
  • Multiple ways to use the product including Cloud and Classic options, Visual menu or Standard (Top of screen) menus to select processes, many options we are not using in our simple organization
Read full review
Intuit
  • It enables me to do a P&L for each specific program as requested by the county for the grant money that they give us.
  • It enables me to do [an] organizational budget as well as a budget for each specific program
  • It enables the accountant and the auditor access at any time for transparency
Read full review
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.
Read full review
Intuit
  • Purchase Orders cannot be linked to multiple bill payments which makes tracking purchase orders in QuickBooks Online obsolete. Without the function we have to track this within a different more manual spreadsheet.
  • Would be helpful if you could "split" bank transactions directly from the "review" downloads from the bank. Currently, to split transactions to multiple accounts we need to first categorize, then review after assigning to 1 account.
Read full review
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.
Read full review
Intuit
It like the product 'right out of the box' and I trust Intuit will continually improve it over the years based on my experience with their desktop products. The large providers of Apps makes customizing the entire package relatively easy and seamless for a wide variety of business types.
Read full review
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
Read full review
Intuit
While QuickBooks Online is generally easy to navigate, there are some features and functions that often require a Google search in order to find out where they are actually hidden. Additionally, there are some simple customization features that are surprisingly not available for an otherwise advanced program (e.g. only having a pool of 4 fonts to choose from, only having 4 very limited templates for invoicing, not color selection, etc). While I would say that about 75% of users shouldn't have a problem finding their way around with basic functions, there is a learning curve if you want to be able to dive into some of the more useful features, almost to the point that you need to have a dedicated account manager in order to use QuickBooks Online most effectively.
Read full review
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.
Read full review
Intuit
We have rarely had outages in the last 10 years. I can only recall 2 times in the last 10 years where we were not able to access our client files.
Read full review
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.
Read full review
Intuit
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.
Read full review
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.
Read full review
Intuit
In my experience, most representatives keep me on the phone for hours, literally, for a single issue and then usually cannot resolve it satisfactorily. I have 10 open cases that need resolution and, in my experience, there has been NO follow-up communication on any of them.
Read full review
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.
Read full review
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.
Read full review
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.
Read full review
Intuit
The person in charge of QB needs to be very accurate with record keeping and is recommended to stay on top of tasks. The biggest issue we have is reconciliation, and those issues occur only when too much time has occurred between reconciliations
Read full review
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.
Read full review
Intuit
Quick and easy to set up. QuickBooks Online has a full suite of bookkeeping tools and pricing is affordable. QBO is best suited for Small Businesses and it's cloud-based, which is also well suited for the owners who work remotely. It is flexible and integrates well with Third-Party Payments. Bank reconciliation is a breeze.
Read full review
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.
Read full review
Intuit
As we have grown along our professional path, we have also expanded our use of QB. The scalability is easy and features seem to be waiting for you until you need them. We have increased profits by over 10x from our first year in business to the current and have yet to find a reason to look elsewhere
Read full review
Return on Investment
Momentive Software
  • MIP has allowed us to break down our costs even further to be able to improve our use of funding.
  • I'm looking forward to streamlining our accounting processes even further as I learn more about the possibilities with MIP.
  • As we fundraise for specific projects, we are able to track income and expenses by project to give our donors true numbers on how the money was used.
Read full review
Intuit
  • It has created a lot of cost and in-efficiency whenever we need to talk to support.
  • I spent a lot of time setting up their automatic reminders for past due invoices and it worked for a couple of months and then it stopped. It's currently being worked on by their tech team but it has been months and it is still not working. It would have saved me a lot of time.
  • Their multi-currency saves time in sending invoices abroad but it's limiting when a customer wants an invoice in USD instead of a foreign currency so I have to set up different customer accounts for different currencies.
Read full review
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