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MIP Fund Accounting

MIP Fund Accounting

Overview

What is MIP Fund Accounting?

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.

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Recent Reviews

Outstanding Software!

10 out of 10
February 16, 2024
Incentivized
MIP Fund Accounting assists our organization in tracking and managing expenses and receivables on a daily basis. MIP assists us in …
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Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

Reviewer Pros & Cons

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Video Reviews

1 video

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MIP Fund Accounting Review: Serves As A Customizable Accounting Solution Software
01:14
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Product Demos

Introduction to MIP Cloud Accounting Software

YouTube
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Product Details

What is MIP Fund Accounting?

MIP Fund Accounting is a configurable fund accounting solution that allows users to report and track finances, streamline processes, and scale and grow based on your unique needs. MIP is the accounting software of choice, with cloud or on-premises deployment options, and designed to meet and handle the complex accounting needs of nonprofit financial management.

MIP's integrated software solution suite provides general ledger, accounts payable and receivable, budgeting, payroll, human resources, allocations management, procurement, fixed assets, grant management, and advanced security functionality. The solution enables users to manage and report on multiple cost centers at the general ledger level including multiple organizations, funds, projects, grants, programs, departments, locations, etc.

MIP Fund Accounting exclusively serves the financial management and fund accounting needs for nonprofits, schools, native nations, and government agencies with its complete, end-to-end suite of functionality and multi-segmented chart of accounts. The company states that with the right fund accounting platform and expert guidance, users can track unlimited funds, manage complex reporting requirements, streamline productivity, and make the right data-driven business decisions for an organization.

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 TransactionsScreenshot of MIP Budget WorksheetScreenshot of MIP ReportingScreenshot of MIP Audit Trail and SecurityScreenshot of MIP PortalScreenshot of MIP Fund Accounting

MIP Fund Accounting Video

Meet MIP Fund Accounting

MIP Fund Accounting Competitors

MIP Fund Accounting Technical Details

Deployment TypesOn-premise, Software as a Service (SaaS), Cloud, or Web-Based
Operating SystemsWindows
Mobile ApplicationNo

Frequently Asked Questions

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.

Sage Intacct, Blackbaud Financial Edge NXT, and QuickBooks Desktop Pro are common alternatives for MIP Fund Accounting.

Reviewers rate In-Person Training highest, with a score of 10.

The most common users of MIP Fund Accounting are from Mid-sized Companies (51-1,000 employees).
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Comparisons

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Reviews and Ratings

(820)

Attribute Ratings

Reviews

(1-25 of 430)
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April 12, 2024

MIP is a great fund-accounting software program.

Verified User
Executive in Finance and Accounting
Non-Profit Organization Management Company, 51-200 employees
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP works great for a non-profit organization. The financial reports are easy to access and help show what is required in the non-profit world. The Journal voucher process and checks are really good. The overall ease of using MIP is a great help throughout the organization. The community responses are helpful when you need additional guidance and MIP representatives are very helpful when you need more input.
April 11, 2024

My opinion and words about MIP!

JJ
Jennifer Jones
Chief Financial Officer
Community Action Partnership of Middle Alabama Inc (Non-profit Organization Management, 11-50 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I do like the check register, it is easy to access. It is also easy to access information for bank reconciliations but some entries are difficult and I have had ongoing issues with duplicated entries. Those situations coming at times when I am not really sure how I have duplicated an entry and they are somewhat intimidating. It is also somewhat difficult to delete or void erroneous entries or those that need to be otherwise corrected. I do understand that it is accounting software, but feel again that it could be a little bit more user friendly, at least from a fairly "new" user's standpoint!
February 27, 2024

Use of MIP Fund for Your Finance Team

SM
Steven Maluenda
Senior Grants and Contracts Specialist
United Way of Northwest Vermont (Non-profit Organization Management, 11-50 employees)
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I think overall the program is developed to be a bit user-friendly in most areas by providing layouts on dashboards, creating source codes for chart of accounts, and reporting on finances. It would be a bit beneficial if it can be a bit more compatible with payroll software systems through integration.
February 27, 2024

Making Money Move With MIP Fund Accounting

Verified User
Administrative Assistant in Finance and Accounting
Government Administration Company, 501-1000 employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
For my organization it allows to keep track of money spending and where you budget amounts are at. We take things in are Microx and post them in MIP Fund Accounting so it allows the issuer to move forward in a complete movement with billings and purchases. We also can run reports to see what still needs to happen to keep financials moving.
February 26, 2024

MIP Fund Accounting Was Worth the Wait

Verified User
Project Manager in Finance and Accounting
Non-profit Organization Management Company, 201-500 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
As a bigger organization with very antiquated software going into the transition, the setup with MIP Fund Accounting has been grueling. We also have more exceptions than rules - so while I'm happy for the transition, we weren't ready for the amount of work it took.
February 26, 2024

Excellence of Execution

CC
Chris Chaney
CFO
MKCAP (Accounting, 51-200 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting is well suited to any company that has multiple funding sources and expenses that they need to keep a close track on. In non-profit organizations we are looked at closely and it is important to be able to accurately show where our revenue comes from and where it is going. MIP Fund Accounting can handle that easily. It is not a system I would recommend to a small business as there are so many features that they would not need for the cost to them, at least not the versions we use.
February 23, 2024

MIP Great Software for Non-Profits

Verified User
Employee in Finance and Accounting
Non-profit Organization Management Company, 11-50 employees
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
When processing AP, the program settings are easy to follow for data entry. Same thing with processing Journal Entries

When Building reports, is not very using friendly but it is not impossible either. It just takes a while to get the system to do or process the report using the correct fields.
February 23, 2024

MIP Pros and cons of the Financial System.

Verified User
Administrator in Finance and Accounting
Non-profit Organization Management Company, 51-200 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP is suited for preparing financials and making it easy to see the financial outcome the way you want. It is not fit for the bank reconciliation module - I would like to see how it will pan out in the reconciliation before posting it.
February 23, 2024

MIP Fund Accounting review.

Verified User
Employee in Finance and Accounting
Accounting Company, 51-200 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
When trying to process an invoice with the MIP Fund Accounting program, it has some bugs. The processing is slow at times when trying to process. If the application becomes too overwhelmed, it will automatically close the application.
February 16, 2024

Outstanding Software!

Verified User
Employee in Finance and Accounting
Education Management Company, 201-500 employees
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Well suited for everyday Journal Entries, Invoice entries and check processing. As the volume is increasing in the number of POs and invoices, we are processing on a monthly basis. It would be a huge help if we could connect to vendors electronically so that POs and Invoices could be automatically uploaded or scanned into the system. I would like to see improvements in the reports available including chart and graph options.
February 15, 2024

Current User of Modern and Classic MIP

Verified User
Employee in Finance and Accounting
Medical Practice Company, 201-500 employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I like the ability to run reports for one fund or multiple funds, the ability to use different checking accounts to pay invoices for different funds. The importing process has made month-end close much easier, except for the ability to import cash receipts. We have a template to import cash receipts, but it is too time-consuming to format the Excel template to allow for ease of importing.
February 06, 2024

Improved transparency with MIP Fund Accounting

Verified User
Director in Finance and Accounting
Hospital & Health Care Company, 51-200 employees
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting is well suited for program management, if utilized correctly. As a new user, the current program was not set up correctly and we are continuously learning new features of the program. It will take more time to develop an answer to this question.
August 25, 2023

MIP Review

MS
Maggie Samaha
Accounting Manager
HealthFirst Family Care Center, Inc. (Health, Wellness and Fitness, 51-200 employees)
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP is suitable because it has great reporting capability and we are easily able to track grants with it. I have no issues with the classic module but the cloud module is very glitchy - transactions get posted duplicate same with check runs I have had to call support multiple times because of issues in the cloud environment.
August 23, 2023

Great for Consolidating of Financial Data From Multiple Systems

Verified User
Employee in Finance and Accounting
Health, Wellness and Fitness Company, 11-50 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting is well suited for compiling data from multiple sources into one digestible system. It is relatively straightforward to navigate. I have 3 billing software programs that I am responsible for bringing together for our CFO to make decisions, and follow GAAP, and MIP Fund Accounting is extremely suitable for that. I consider MIP Fund Accounting to be a bit too dense for smaller companies with little to no relative complexity to their financial/organizational structure.
August 17, 2023

Stable, Secure with no Surprises!

LH
Leah Holleran
Buisness/Office Manager
JHF (Non-profit Organization Management, 11-50 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
During our annual audits sometimes they ask for specific or new reports that I am able to easily build and quickly run for them. We purchased the fixed assets platform years ago and my coworker who tried to set it up and use it eventually gave up trying to make it work. That was also the case for the encumbrance module with a different coworker.
August 10, 2023

MIP is Rock Solid for the FQHC World

EK
Erich Koch
Executive Director
Rolling Hills Clinic (Hospital & Health Care, 51-200 employees)
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I would recommend MIP to people working in the FQHC world as this system allows for you to track everything you need to pull financial reports out for HRSA and other government agencies. This software when set up correctly can also track your grants very well, help complete Table 8 of the UDS report, and does a great job for budgeting as well. The only knock on this program is creating upload files as it seems more complex than it needs to be.
June 13, 2023

Abila/MIP as everyday help in non-profit accounting

Yelena Novik | TrustRadius Reviewer
Yelena Novik
Accounting Payable Supervisor/Housing Specialist
Bonita House (Non-Profit Organization Management, 51-200 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I really like MIP and can see many positive and helpful things it offers in comparison to QuickBooks. As I haven't worked with other accounting software this is the only comparison I can make and it's definitely positive.

Would be nice to have info in the bigger phone. I mean in all the screens as on some screens I can do it by pressing ctr+ but on most screens it is impossible to increase font.
June 05, 2023

Abilia MIP Review

Verified User
Director in Finance and Accounting
Non-Profit Organization Management Company, 51-200 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Hard question to answer. Currently, MIP is well suited for my organization in being able to track our grants by separate funding sources, yet fluid enough to let me determine the reports I need to prepare as an individual or for the entire organization as a whole.
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