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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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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September 13, 2016
MIP review
We are a non-profit foundation. MIP is our accounting software. We use it in a hosted environment. It is especially important for board member financial reports as well as required reports for our annual audit.
- Data entry of transactions for journal entries, accounts payable and receivable is simple and straight forward.
- Easy to generate customized reports for multiple funds, trial balances, AR and AP reports, which can be queried for a variety of purposes
- By using the hosted environment we no longer have to be concerned with local data backup or product updates which are handled by MIP
- The only feature I found difficult to use was the budgeting function. But I also recognize that there are also a large number of MIP features in the software which we have not used.
September 13, 2016
A Robust Solution
A government organization that we manage uses it for accounting, grant management, payroll, and requisitions. All employees on site and offsite have access to specific areas that they need to do their job.The Employee Web Services is the most heavily utilized module by the majority of employees - this has almost entirely eliminated paper timecards.
- Time keeping for employees
- Workflows for different modules
- Granular security permissions
- Reporting is lacking, no custom reporting can be built
- EWS only works on web browser, no app is available for any device
- Setting up test databases can be cumbersome
September 12, 2016
Multiple funding and cost programs used.
Our organization uses MIP Fund Accounting for our general accounting needs, cost reports, and expense analysis. It provides useful tools to access and review our revenue and expense data.
- We use the financial statement reporting very often to review organization efficiency. These reports are easy to access and user friendly to read and follow.
- We have a complicated fund accounting system with multiple revenue sources and expense/cost programs. MIP allows us to track all of these with details necessary for management.
- The AP/AR modules allow us to quickly see detailed information on vendors/customers when needed, so questions from them via phone can be researched and handled almost immediately.
- Some of the specific report builder criteria is not user-friendly and lacks the ability to easily preview/modify the outcome.
- MIP does not offer the flexibility and ability to handle our payroll needs [so we use MITC for payroll processing].
- When reconciling cash accounts, the suspense items to balance one month are not saved for that month, once they have been cleared in the following month.
September 12, 2016
Abila for small non-profit with three divisions
MIP is used for all aspects of organization-wide accounting and financial reporting, including accounts payable, monthly financial statements and project-based reporting to funders.
- I really like how easy it is to customize reporting formats to suit different reporting needs.
- I have found it easy to export reports to PDF and Excel formats.
- I have found it difficult to consolidate organizations across multiple fiscal years.
- I have also found it difficult to get experienced support for the organization consolidation function without having to pay for additional consulting services by MIP.
September 12, 2016
MIP Fund Accounting friendly and has potential
MIP Fund Accounting is only used by the Accounting Department and we utilize the following modules: Accounts Payable, Electronic Funds Transfers, Accounts Receivable, Accounts Receivable Billing and Bank Reconciliation. MIP has streamlined our data recording and reporting processes. We are continually re-evaluating our needs and find that MIP generally has the solutions we are looking for.
- MIP's Accounts Receivable billing module effectively generates and processes electronic delivery of billing documents as well as recording associated payments received.
- MIP's Accounts Payable module functions very well with Aatrix 1099 reporting tool. We currently do not sure the W2 feature, but the electronic reporting of 1099/1096 information is timely and very convenient.
- We have recently started using the Electronic Funds Transfer module. It is very convenient for creating batches that communicate with our bank software.
- The import features for Accounts Payable invoices and cash receipts are very helpful!
- MIP's Electronic Funds Transfer module, during setup, does not allow for testing of information being transferred.
- MIP's Accounts Receivable billing module import feature has not successfully worked on our trials. Consequently, we have not attempted to import an Accounts Receivable receipts batch.
- MIP's import feature for both vendor and customer update of information removes the detail of the record for items not being updated; notes are lost, other contact items are removed, etc.
September 12, 2016
Mip user for 8 years.
It is being used across 4 affiliate non profit corporations. It is being used for general accounting, fixed assets, budgeting, and encumbrances. We still have the grants module, but I do not believe that it is supported any more.
- Report flexibility.
- Permits the customazation of the chart of accounts. You can set this up anyway that you like.
- MIP gets fund accounting.
- Once years are closed, it would be helpful to somehow place the batches, for lack of a better reason, off to the side. When looking for a batch, once you have had the system for a while, you have to sort through EVERY batch you have ever created. There are problems when staff do not follow labeling protocol, and sometimes you have to open a batch to see what is in there. If you could say do this and then place a previous unclosed year batch in a place, it would make current tasks simpler.
- When selling the product, there should be more time spent on the labeling of the batches and items that will be with you forever.
- The Grants module started out strong and then fizzled. It could be so much more for those of us that are grant funded.
September 09, 2016
Nonprofit software - nailed it.
MIP is used by our organization as the sole accounting software. It is used exclusively by the accounting department, reports are sent to department managers and board members. We previously used another Sage product for business, this fits us better as we are a non-profit and having access to the fund accounting is very helpful.
- Accounts Payable is easy and straight forward.
- Reports are easy to use and manipulate.
- Overall it is well thought out as a software product, flexible but not too flexible.
- Accounts receivable is weak.
- It would be nice to have a database added to this software.
- Budgeting is cumbersome, not very flexible, forces users to use spreadsheets.
September 09, 2016
Abila Review
HDF uses MIP in the cloud to have the ability to work remotely. We brought the accounting/finance functions in house from an outside servicing company.
We are a CDFI - a hybrid bank for low-moderate financing to assist first time homebuyers. We have to use many Excel spreadsheets and outside systems for lending related activity to augment accounting records....making it an expensive system for us.
- Cloud based/multiple user environment
- Tracking of recurring entries
- Would like to ability to model an entry prior to posting
- Easier download to Excel
- Better budgeting module...especially balance sheet
September 09, 2016
Abila MIP Fund Accounting - Great for Non-Profits
MIP Fund Accounting is being used by our accounting department only. MIP has significantly helped with financial reporting to our major funding sources, internal reporting to senior management and the board of trustees, and has allowed us to incorporate a significant amount of efficiency to the day to day work of the individuals in the accounting department. MIP has allowed us to streamline the accounts payable process, improve with accounts receivable invoicing and the collection of outstanding rent, pledges and grants receivable, and improve the overall general ledger management process.
- Reporting - MIP is particularly strong in reporting. We have been able to create custom reports for all major funding sources, strong internal reports for senior management and the board of trustees, and detailed general ledger reports to ensure data is being accurately entered into the accounting system.
- Accounts Payable/Receivable processing & reporting - MIP has allowed us to add efficiency to these 2 key areas of our department. The entering and reviewing of accounts payable has become easier, and we have significantly reduced the time it takes to file accounts payable invoices (invoices are now being filed by batch, previously they were being filed alphabetically, which took a significant amount of time). The accounts receivable process has been streamlined through MIP. Invoicing tenants, pledges and grants are setup as recurring invoices, which makes this process very easy on a monthly basis. Also, internal monitoring of outstanding accounts receivable has been improved due to MIP's ability to generate custom accounts receivable reports.
- Copying sessions/setting up recurring entries - MIP allows you to copy previous sessions that have been posted into the accounting system. Being a non-profit, some of our allocation journal entries and other entries can be quite large. The ability to copy a session that has been previously posted saves us a significant amount of time. MIP also allows you to setup weekly/monthly recurring entries. Again, not having to manually enter these entries on a weekly/month basis saves us a significant amount of time.
- Budget Module - the budgeting module in MIP is somewhat difficult to use and seems to be less user friendly than other modules.
- Purchasing request system that integrates with MIP - we have not had any luck finding a purchase request system that integrates with MIP. We operate several different programs and the managers of these programs are currently submitting manual requests to use their program dollars. I would like to see MIP introduce a purchasing module that includes an authorization process, and incorporates both check requests and credit card requests.
- Correcting errors - It becomes somewhat cumbersome when an error needs to be fixed in MIP. A journal entry needs to be made for anything that has been coded to the incorrect general ledger account or other chart of account code. I would like to see MIP introduce a feature that makes this process much easier (i.e. if something is coded to an incorrect grant or program, an administrator can override the entry and manually change the coding).
September 09, 2016
Mip Fund Accounting - Growing with Abilia
MIP Fund Accounting is being used as our primary accounting software for 32 schools and the company that manages it. We have several add on programs that we have joined with MIP for budgeting, accounts payable, and expense reimbursements. Prior to using MIP Fund Accounting, we were using QuickBooks. It was not robust enough for our growing organization. We have a finance team using MIP and we have others that have a type of read only access.
- Fixed Asset Module tracking
- Accounts Receivable
- Accounts Payable
- Basic Accounting
- Bank reconciliations
- Reporting is cumbersome
- Budgeting module does not meet our needs
- Imports could be streamlined
September 09, 2016
Beware poor database implementation issues.
Our Finance department uses MIP Fund Accounting for it's various accounting activities. MIP Fund Accounting also also interfaces with our MIP HR module and the Employee Web Services site which is accessed by the entire organization.
- Prompts to backup database on exit.
- US based, articulate support reps.
- Client link back to server is not optimized for VPN utilization. (Remote users will likely need to VPN back to a local desktop and run the client there.)
- Support does not have a good grasp on optimizing a customer hosted instance, they insisted SQL Express should be adequate for our needs but we had agonizingly slow performance until we upgraded the database to a full SQL standard license which is very expensive.
September 09, 2016
GoFundAmerica with Abila MIP
We use it for our A/P, very little for A/R. We use enterprise software for our contributions received and for our financial statements. It gives us the flexibility to have layers for ways to pull information. This is important with keeping our expenses in the correct accounts while still charging them to the right funding areas.
- It provides you the ability to customize your reports. This helps when you have grants, program etc., that need to have their own reporting.
- Layers of coding keeps things clear to who ever looks at your books.
- It allows you to run may items concurrently. So if you see something is wrong you can fix it without closing what you are in to fix it. It also allows you to answer questions with out closing one area when asked about another.
- I would like the report writer to be a bit more intuitive.
- The maintain drop down could be more intuitive as well.
- Links to back up documents from areas to increase speed.
September 08, 2016
Overall in MIP
This program is being used by the finance department which only consists of two employees.
- Wide selection of reporting
- Ease of data entry
- Would like to hide or delete inactive or discontinued vendors. Actually, I would like to hide inactive vendors and delete discontinued vendors.
- Would like to hide inactive codes and delete discontinued codes.
- Direct deposit should be included with the payroll module. When the direct deposit box is check marked in payroll for an employee, it should automatically advance to the direct deposit information. Another module should not have to be purchased for that.
- As a non-profit, MIP is very expensive. What little I know is because I had to learn it on my own. Our organization can't afford all the training and/or different modules in order for us to truly utilize MIP. Just paying for the yearly support wipes out that line item of the budget.
September 07, 2016
Abila Fund
I use it for all financial functions. At the moment I am the only one using it. This may change in the future as more people are hired in the finance department.
- Financial reports
- Warnings to help eliminate mistakes
- Export to excel
- There is a lag time between when I push down arrow and the selections pop up
September 07, 2016
MIP Fund Accounting is So So
MIP is used for accounting, payroll and HR. It allows us to track expenses, payroll costs and manage employee data with the HR module.
- Allows us to access the sql database which allows extensive reporting options.
- Track payroll and accounting expenses in one GL
- You cannot put special characters into user defined fields, this will not allow payroll to process for an individual.
- Cannot delete unused distribution codes.
- Prompts to save a report every time there is a change, impractical.
- HR module instruction manual is written poorly and missing steps, it's obvious this hasn't been written by the same developers, needs to be reviewed.
September 06, 2016
Abila is great for multiple funding sources and periods.
We use it for all of our general ledger transactions and payroll. So it tracks information for the whole agency, but only the accounting department actually uses it.
- Reporting outside our fiscal year was the main reason we chose MIP. Several of our grants have different periods than July 1 to June 30, and it was very important to be able to easily report on those other periods.
- The ability to create and modify reports with exactly the information we need and none of what we don't is great.
- The ease of putting information into the system is great.
- Some reports can't have particular fields added to them, especially in payroll. It would be nice to be able to modify for every piece of information.
- Sometimes the recurring entry function doesn't work as well as we'd like.
- I have trouble with fixed assets. We just track our assets in Excel because MIP seems too complicated for keying assets that we already owned and getting the historical information correct.
September 02, 2016
Review at a Glance
It is only being used by the Finance Department. It can pull many report based on activity or department.
- Many options for pulling different reports
- Access by multiple users at one time
- I think the importing function can be difficult to get used to and set up
- Entries that are made to different fund codes have to moved through a clearing account. You can not make one entry to 2 different fund codes.
September 02, 2016
Abila Review
MIP is being used for accounts payable purposes like invoicing and check printing, it is used by our finance and accounting department only
- Managing grant money
- Paying invoices on time
- Availability of custom reports
- It can be hard to find and understand some of the instructions
September 02, 2016
Loving Abila
MIP is being used across Agency for the EWS time logging and payroll functions.
Our accounting operates completely with MIP.
Our funded programs rely on the reporting function in MIP.
- Reports are easily customizable
- Analysis is a breeze
- Learning to write reports is easier from a train-the-trainer approach.
- We recently added the Microix module for electronic purchase orders.
- Budget formation - right now we are spreadsheet driven and only use MIP once the budget is final
September 02, 2016
Non-profit grant-making point of view
There are only three staff working in MIP: accountant, admin and me as the grants manager. In my role I work the financial side of grants and contracts. This entails creating the "vendor", identifying payment schedules, releasing funds and running various reports for Program staff. I also supervise the admin responsible for entering recurring invoices, processing donations and reconciliation. We are in the process of creating a step-by-step procedures manual for these aspects for transition and backup.
- As an individual without accounting background, I find the process of creating a vendor easy and intuitive.
- Releasing payments and modifying payment schedules is quick and easy; allowing for the unique modifications some of our grantees require.
- From my point of view the major con is the grant intake form our accountant created for grantees to be "vendors" within the MIP system. Very cumbersome. Too much irrelevant information for the financial side of the grant-making process. Will need to discuss how to modify/simply this process going forward.
- I would like to see a simplified way to get vendor payment activity information. I often have to look up check and $ amount for grant tracking. I know how to do it, but the steps to identify the appropriate report and vendor identification to viewing the data is slow and cumbersome compared to other activities in MIP.
September 02, 2016
Abila- Nonprofit Review
MIP Fund Accounting is used by our accounting department. The main problem is the compatibility with other softwares. It is user friendly to an extent. We would like for it to automatically upload information from other softwares without having to enter and spend time working on an enormous query.
- Purchase Orders - Easy to create and easy to bypass certain codes that do not need to be used.
- Budgeting - Easy to enter the budget. However, to manipulate reports to fit our criteria has taken some time to figure out. Overall, the budget reports are exactly what we need.
- Invoices - invoices are detailed and easy to enter and generate to aged payables quickly.
- Bank Reconciliation is important and MIP's set up is easy to understand.
- Reporting - It is difficult to pull information out of MIP without spending hours setting up formulas, titles, and content for reports.
- Attachments - this process is very unclear in the tables and contents. It is difficult to understand and figure out where the attachment is going and how it is useful in MIP because it does not pull the information into MIP itself. It's basically just in there to say it's on file.
- Organization setup is hard to maneuver.
September 02, 2016
The MIPpet SHOW
MIP Fund Accounting is used by Dane Co Parent Council for general ledge (GL) accounting, AP, and financial statements. It permits for accounting by grant funds and easy to set up statements. It maintains AP vendor accounts and allows for review of the general ledger, and bank reconciliations. It permits for individual financial statements and consolidated statements according to needs and selections. There are features for exporting reports to Excel if there are desires to make use of the database information in that format or statements can be designed to automatically develop in the desired format, making use of what comparisons are desired from a vast selection of criteria.
- Statements set up to suit your needs require only a few clicks to update the information to new periods, allowing easy budget to actual comparisons.
- The automated bank reconciliation process, through clearing posted items, allows for easy reconciliation each month.
- The ability to produce financial statements and reports with unposted activity permits for real time analysis of financial position.
- I like the easy process of taking information from the database, exporting to Excel, and easily refashioning the information in pivot tables for varying looks and comparisons.
- In the process of updating Distribution Codes starting with copying a previous code, the process for update requires getting out of the processing area and reentering to find the new code to proceed with updating.
- The look on-screen for vendor balances has information very scattered and difficult to read. An improved presentation would be appreciated.
- Under Combining Statements, reports cannot be run with unposted account activity.
- In filtering lookup for posted JVs under Reports, entries have Session Description, but under unposted in Reports they do not have that useful information. And within the JV entry, when copying a previous entry, selections appear in random order rather than sorted in order like within filtering for posted or unposted entries in Reports. It would be good to have a standardized presentation method -- filtering under Reports for posted transactions is the best.
- When running a statement using assigned groups, it would be good to receive some type of alert if there are expenses not captured within the statement because an account with expenses has not been assigned. As new account numbers are added, they aren't necessarily assigned to groups.
September 02, 2016
Abilia MIP is very customizable
MIP Fund Accounting is a superb accounting solution to track the many facets of a community action agency. It is completely customizable to address the needs of various funding sources as well as being very user friendly.
- Since MIP is customizable, it can be configured to report on many different levels.
- Report setup is easy by using many of the "canned" reports.
- Distribution codes can be set up to repeat complex allocations.
- Some reports are only available at the "posted" level. It would be nice to have an "unposted" option on every report.
- The recurring transactions could be easier to use.
- In the allocation module, only three segments can be used. It would be nice if there were a few more options.
September 01, 2016
Abila MIP Fund Accounting Review
We use it in our accounting department to break down and manage funds for the entire organization. We also use it to generate reports for our monthly board meeting so that our staff and board members can see the day to day fund picture of Minot Commission on Aging.
- Reports
- Able to show a true picture of what we do
- Provides good online training and support
August 31, 2016
A great product backed by great customer service!
We use the MIP system for our AP and I find the system to be very easy and user friendly. I do use the help phone [number] and find the agents very helpful. The MIP community forums are also helpful.
- Reports
- Love the Recurring Entry Function
- Ease in reversing transactions and voiding checks when needed
- Customer service
- I don't see that there is a great deal that could be improved on except perhaps more manuals and written how to instructions for the various functions.