MIP is a great fund-accounting software program.
We use MIP Fund Accounting, not only for our daily operations, but for payroll and human resources. We utilize most of the functions …
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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MIP Fund Accounting Review: Serves As A Customizable Accounting Solution Software
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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'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.
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Meet MIP Fund Accounting
MIP Fund Accounting Competitors
MIP Fund Accounting Technical Details
| Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Windows |
| Mobile Application | No |
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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April 12, 2024
MIP is a great fund-accounting software program.
We use MIP Fund Accounting, not only for our daily operations, but for payroll and human resources. We utilize most of the functions offered with the software and find that they are user friendly. MIP Fund Accounting is easy for even our newest employees to understand. This software is a huge assist to our company. When an issue arises we contact MIP support and have an answer in a short amount of time. The staff is very friendly and professional.
- Allowing reports to be exported into a PDF or Excel worksheet is very beneficial when presenting to our board.
- Emailing a report to a funding source without having to print it out and scan is very smooth and helps when you are in a hurry.
- The ability to filter for the exact item(s) that you need help when auditors need verification of those exact details. This is valuable for helping our department locate those areas that need explanation as well.
- The ability to set dates in the organization preferences so that others do not enter a wrong date by accident.
- It would be helpful to locate an item when we are given a check number rather than the name on the check.
- When we process our payroll we have to manually remove extra coding so that our salaries are not all over the general ledger. It would be nice if there were a better way for this function to be eliminated.
- It would be great if the process for using Atrix was smoother. We have issues almost every year for one reason or another.
February 27, 2024
Making Money Move With MIP Fund Accounting
We use MIP Fund Accounting in are organization that goes with our Microx system. This is how we display and move money around. It is a very valuable tool. It allows us to see financial ledgers and detail of spending. it also gives you the ability to run reports and check balances.
- Shows financial detail.
- Run financial reports!
- Posting in MIP allows Microx to move forward.
February 26, 2024
MIP Fund Accounting Was Worth the Wait
MIP Fund Accounting has brought us into the 21st century! Not only is the accounting module intuitive and user friendly, but the way it integrates with the other modules has streamlined many of our processes with Purchasing, Inventory, Ordering, Payroll, and even HR. It's well worth the investment for an efficient work environment.
- Intuitive
- User Friendly
- Descriptive Set Up
- HR Mod needs a facelift (I know it's coming!)
- Better Training materials.
February 26, 2024
Excellence of Execution
We use MIP Fund Accounting for all of our accounting functions. We pay bills and receive funds through it. We also track fixed assets and our purchases through MIP Fund Accounting. W2, 1095, 1099 are all produced as well as our payroll operations for the company. We do not currently use the program for HR functions, but our HR does use the payroll module for the work they need to do. MIP Fund Accounting helps us to retain all of our information in one place. Before the company used ledger books to attempt to keep up and it did not go well.
- Easy to access data from any previous year.
- The system is quick with inputs of information, no lag.
- It really makes tracking of expenses much easier with PO module.
- Payroll input is quick as easy.
- 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.
February 23, 2024
MIP Pros and cons of the Financial System.
We use the MIP accounting system to record items in the general ledger - accounts payable and receivables - to form financial statements. Enter journal entries - cash receipts/disbursements. We enter all assets. At the end of the month, prepare the depreciation. We join the payroll from ADP into MIP through the GL interface, a very reliable system.
- Easy to do journal entries.
- Easy to pay bills.
- Easy to enter assets.
- Would like to see a preview of entries in the bank reconciliation before posting.
February 23, 2024
MIP Fund Accounting review.
In my organization, we use MIP Fund Accounting to input invoices. Using this application is crucial for all sizes as it streamlines financial processing, enhances accuracy, and provides valuable insights. The only problem with MIP Fund Accounting is that, at times, it can become slow. When trying to work fast within my organization, time is of the essence.
- Easy to maneuver.
- Quick shortcuts.
- Readable font.
- Slow processing.
- Slow transition.
February 23, 2024
MIP in the Open
MIP Fund Accounting is used by the whole organization for department and overall reporting as well as compliance reporting. It was purchased to allow for reporting by cost allocation to multiple cost centers, including both internal departments and grants. The major benefit is that it allows a large number and multiple levels of cost centers and programs.
- Cost allocation. Allows great flexibility in the setup of cost pools and receipient centers.
- Multiple dimension coding structure. Allows complex accounting setups for multi-faceted organizations.
- Reporting. Allows many different report configurations.
- Exporting. Ease of exporting reports to PDF and Excel formats.
- Importing. We now import payroll files from a payroll provider.
- Bank reconciliation. Exceptionally outdated and inefficient process for clearing checks.
- Accounts payable. New vendor setup process could be so much easier, especially for vendors who are already employees.
- Credit card puchases. Badly needs improved functionality in the posting of transactions to actual vendors.
- The import process needs to be made more intuitive.
February 22, 2024
My Review
MIP records all incoming and outgoing expenses. For grant reporting, I am able to generate financial reports. on a daily basis - I use MIP to generate financial reports such as - revenue and expenses by period.
- Well organized financial data for review
- Generates clean organized financial reports.
- Can create different outlooks of expense and revenue
- More how to guidance
- More training conferences
February 16, 2024
Outstanding Software!
MIP Fund Accounting assists our organization in tracking and managing expenses and receivables on a daily basis. MIP assists us in tracking our open receivables with the very useful A/R aging reports. On the Payables side we create and send out a decent number of checks to pay invoices each month and the system assist us in tracking and maintaining that AP activity. We also rely heavily on the A/P aging reports for tracking. The bank reconciliation module is also a great tool that we use to track our bank activity. Especially with the growing number of electronic fund transfer transactions.
- Bank Reconciliations
- Invoice Processing
- A/R aging and tracking
- Check printing settings
- Graph and Chart Options
- ADP data import
February 15, 2024
Current User of Modern and Classic MIP
MIP Fund Accounting is our Accounting system for 5 different funds. We use the GL and AP modules, with plans to use Fixed Assets and AR modules in the very near future. We have a third party payroll vendor, but have been able to use the Import feature of JEs to assist with monthly payroll activity.
- Importing JEs
- Importing Invoices
- Review of TB with non-posted JEs
- Cannot use the drill down function (in reports such as TB, FS) in Modern MIP.
- Ability to run GL reports that have option to include check #s
- Make report options easier to under - i.e. matching document # and document #
- Ability to import cash receipts
February 06, 2024
Improved transparency with MIP Fund Accounting
MIP Fund Accounting is used for the finance department at my organization. The program addresses the recording of financial activities for the organization. We strive to integrate all aspects of our business to utilize MIP Fund Accounting effectively.
- Reports
- Journal vouchers
- Attach documents and notes
- Transitioning from MIP Classic to MIP Cloud
- Closing the year/having to switch from multi-user to single user
- Wait times for calls - call back feature has connection issues
February 06, 2024
MIP Fund Accounting's templates for AR and AP have been helpful
I use MIP Fund Accounting to prepare monthly financial statement, along with ledgers and trial balance. The templates for AR and AP have been helpful, allowing me to use softwares like Bill.com to import into MIP.
- Importing templates
- Easy to pull report
- Allow users to delete information instead of correcting the GL entries.
- Integrate better with big software like QB and Bill.com.
August 25, 2023
MIP Review
I use it to input all financial data and to prepare month and year-end financial reports
- Reporting capabilities
- Providing necessary fields for inputting data
- Ability to upload documents
- Opening transactions that have already been posted
- MIP Cloud has lots of glitches that make it frustrating to use
August 10, 2023
MIP is Rock Solid for the FQHC World
Abila MIP is a great accounting software program if you work in the FQHC world or where you have a ton of grants you have to keep track of. We use MIP to do our Budgets, Fixed Assets, Payables, GL, and Bank Reconciliations. We use Microix to link our payroll and PO Module to this system which makes it seamless. This program allows me to track my grants many ways so I stay compliant with the Federal Government. The system is easy to use and allows me to even scan in documents like invoices so I can retrieve them later on. This is just a really good system when set up and trained properly on it.
- Fixed Asset Tracking
- Tracking of Grants
- Scanning in of documents
- Budgeting
- Can Improve on making the upload feature easier.
- Needs to promote their stats function better
- Having a built in payroll module would be nice as well.
June 13, 2023
Abila/MIP as everyday help in non-profit accounting
MIP is used mostly in the accounting department, where we have a few users. It is also installed in one of biggest programs located separately from admin. But at this place it is not used much for now. Probably in the future MIP will be used there and in another programs as well.
- Compared to QuickBooks MIP gives much more detailed options for coding.
- The ability to code a transaction in details gives an opportunity to run different reports with detailed criteria.
- I absolutely like service where I can enter my question online on the website and someone will contact me shortly.
- Most problems resolve quickly over the phone and sometimes with the MIP professional going though the problem on the employee's computer.
- I like reports that can be run in order to see the data entered in MIP.
- Any info that looks like hidden could be found by running report with specific criteria, which is extremely valuable.
- I specifically like a criterion where I can enter a word or two for the transaction description and find info I am looking for.
- I would improve the look of the customer statement. For instance in QuickBooks there was number on the invoice and the number of the payment/check made that applied to the invoice and then the balance was shown after each payment made. With MIP, the invoice and payment is shown under the same invoice number with no balance after each payment, but with the balance at the end of the statement.
- I would make the font bigger not only on the screen where I can click on ctrl+ to make it bigger, but also inside the session.
- When printing checks, it shows the check number, then how many checks are going to be printed. If you are already on this screen and would like to change something, you can't. There should be an option to cancel printing checks.
- If I enter a manual receivable invoice, it doesn't look like a receivable invoice in the group, it can only be printed as an un-posted or posted session report. Manual invoices are not included into historical invoices to be printed again.
June 06, 2023
MIP: Best solution & value for your money!
A very reliable system to have. Once installed, like the TV Ads, you set it and forget it. It keeps running and making daily and periodic tasks a breeze.
- Data entry using forms.
- Work Flow: To make sure posting is complete.
- Available resources: Support is EXCELLENT!
- Security/Roles
- Database: Easy to manage and update.
- Reporting /printer management
- User preferences/look and feel, user interface
- Patches or update delivery and installation
June 05, 2023
Abilia MIP Review
We are a non-profit membership association that also receives federal funding for training grants. We use MIP for the accounting of all functions of our organization, but it is most useful in the tracking of the seven different grants we currently have.
- Allows for the separate tracking of funds
- Great detailed reporting
- Has been able to integrate additional modules for different organizations as they need them
- Cumbersome in entering all the detail, but steps have been continuously made to improve efficiencies
- Drill down of reporting
- Reports are customizable, yet formatting is not helpful when you transfer to Excel
June 03, 2023
MIP users' experience
Currently it is being used by Fiscal Department only.
- Bank reconciliation.
- General ledger analysis.
- Reporting.
- Budgeting.
- Custom reports.
June 02, 2023
Great accounting software, could be more user friendly for those without an accounting background.
For accounting, keeping track of vendors, and credit card accounts. The accounting team uses it to set up automatic payments to all of our vendors and contract employees. It is used by our accounting, billing and operations departments. It is also used by our department in charge of ordering supplies to keep track of past invoices.
- Vendor tracking
- Some of the features are hard to access
- Could be more intuitive and user friendly
June 01, 2023
MIP Fund Accounting Review
MIP Fund Accounting is our accounting system of record for recording transactions for GAAP compliance and used for day-to-day accounting / business operations. It is also used to access data for reporting for either actual data or projection data for scenario planning / analysis. It is used only by the Finance department.
- Availability of multiple segments for needed reporting functionality
- Allocation module for automation of transactions
- Free-form nature of MIP to design things as needed for your organization
- It's not user-friendly. Could use a major user-interface overhaul
- Learning curve is high.
- MIP suggests using an outside app, Drillpoint, for its reporting. Its own reporting should be sufficient, but it is not.
- The open-ended nature of MIP can lead to mistakes, such as reports not being designed properly, or leaving data out of reports.
May 30, 2023
Abila MIP meets my needs!
Abilia is currently being used by the business department for all accounting needs. It helps organize grants and allows us the ability to process transactions, run financials, and all other accounting and finance functions. We use fund accounting, and Abilia is great for keeping all of our funds and funding sources separated.
- Running Reports, it is simple and easy to run historic documents.
- Fixed Assets, the module is very easy to use and keep track of assets.
- Composition, all modules being in one place is a great feature.
- Integrating with 3rd party applications
- Being able to highlight, copy, and paste straight out of MIP. Not being able to do this is frustrating.
- HR being in a different module, should be all together in my opinion.
- Importing function could be a little quicker.
- Modern UI functionality could be improved
May 03, 2023
Positive
I am in the Finance Department and record all the General Ledger entries. Complete all the Balance Sheet reconciliation. Print reports to do all reconciliation.
- Fixed Assets
- General Ledger Information
- Reports
- Trying to understand Dates for the reports
- Determin what dates work to give you the correct information.
April 21, 2023
I do indeed like it a lot :)
I use MIP Accounting to enter and create budgets for contracts; pull expense reports for each contract; and locate certain accounts accounts with activity.
- Very well formatted
- Easy to navigate
- Easy to understand and utilize
- The submission dates
MIP Fund Accounting addresses the specific needs of nonprofit organizations which includes tracking and reporting on individual funds from multiple sources in a manner to comply with the Financial Accounting Standards Board (FASB), generally accepted accounting principles (GAAP), and other specific reporting requirements for federal, state or local government entities.
- Tracking multiple houses under one fund
- Restrictions for donations
- Budget line items broken out by administration and program support
- Payroll documents are uploaded and encrypted
April 19, 2023
MIP is the best there is!
We use MIP Fund Accounting for AR, AP, Encumbrance, PO's, and Payroll and HR. I have worked with other accounting software, but MIP is my favorite. It is very user friendly. I have recently added the bank reconciliation module and I've very happy with, that saves me hours of work. I would definitely recommend.
- Automatic Bank Reconciliation
- HR
- Payroll
- Reporting module could be easier to work with
- Fixed Assets