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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

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 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

(819)

Attribute Ratings

Reviews

(1-25 of 125)
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Score 7 out of 10
Vetted Review
Verified User
Incentivized
I believe it is a good software but there are more improvement I believe that could be done. If the software program could just blend their cloud and classic version into one, that would be great. Also, if Abila could allow templates to be uploaded than to manually enter in entries or GJ's would be greatly appreciated!
Score 9 out of 10
Vetted Review
Verified User
Incentivized
We would not be able to function without it. It is connected to our Microx system. Which is where we do all our financial function for all departments across are tribe. Our department is in a different location then the tribe, so it allows us to stay connected with our financials.
February 26, 2024

Excellence of Execution

Score 8 out of 10
Vetted Review
Verified User
Incentivized
I have looked at other options to use and to move our financial needs to and there really are not ones that suite our needs the way MIP Fund Accounting does. Not only the system itself, but also the knowledge base that is available to us and customer support is always good when the need occurs.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
We would love to renew our yearly contract. However, there is always a long wait from the moment we sign the quote to the moment we received the actual invoice so we can pay the amount to renew.

Last year, our service was cancelled for the same reason. I was able to contact our representative and said, hey you never sent us the invoice.

This year it looks like we are going to have the same issue since we signed the quote a couple of months ago and still haven't received the actual invoice.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
My company is pretty dug into our current day-to-day systems that serve our operations (ServTracker, Kantime, MicroMD). Without MIP Fund Accounting, we would have no choice but to figure out a way to consolidate those three accounting/operations programs into (ideally) one program, which is basically impossible if we want to salvage any historical data. MIP Fund Accounting is a great hub to bring all those pieces together in a palatable form.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
I would give this software a high ranking for my use of it because I have a lot of experience setting it up properly. What I would like to learn more about this program is it's Drillpoint add on feature as this has a lot of potential to allow managers instant access to their financials and invoices when set up correctly.
Yelena Novik | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund Accounting is a great accounting software. People who learned MIP Fund Accounting, feel themselves confident and knowledgeable. What could be more important at the job as being knowledgeable, confident and do your job quickly and efficiently? In addition, it is important at the audit and to find mistakes quickly and fix them.
June 05, 2023

Highly recommend

Score 9 out of 10
Vetted Review
Verified User
Incentivized
The ease of adding fund sources and accounts, the versatility of reporting and the drill down function are useful features. We are able to provide customized reports for our board of directors.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
It provides what we need to run our business with reasonable cost. Integrating MIP Fund Accounting with other software can save significant time and effort by eliminating duplicate data entry and automating various tasks. This efficiency can lead to cost savings by reducing manual labor and potential errors.
Donavan Lam, CPA | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Incentivized
MIP has been a very useful system in my career, there are obviously other systems that are available. However I still feel MIP still give you the best value for the money and the user friendly aspect of the system is highly desirable.
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