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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Reviews
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September 02, 2016
Abila- Nonprofit Review
Yes, we have achieved this benefit. However, we do not use MIP to track endowments and investments. We only enter the date from a spreadsheet.
September 02, 2016
The MIPpet SHOW
Through use of specific grant codes, grant expenses are easily segregated for financial reporting using the filtering features in reporting. In combining statements, grants may be represented individually. Distribution codes or allocations use the grant codes to distribute shared costs according to individual plans to the appropriate grants. Through the flexibility of filtering, our blended-funding situations may be combined in statements or presented separately dependent upon need.
September 02, 2016
Abilia MIP is very customizable
As a community action agency we are faced with the challenges of properly accounting for many funding sources on a daily basis. Our agency currently has over 25 grants from 10+ funding sources all with their own special reporting requirements. In my six years using MIP, I have not encountered any instance where the software has not been able to accommodate the various requirements. The key is in the GL setup. If that is done correctly, you will not encounter any difficulties satisfying any funding source reporting requirements.
September 01, 2016
Abila MIP Fund Accounting Review
Yes, it's tracking over 28 health clinic sites, along with our meal sites and in home care.
August 31, 2016
A great product backed by great customer service!
The ease in which we are able to function in the MIP system gives us much more time to devote all the other aspects of the organization. We are not bogged down by a cumbersome system.
August 31, 2016
Abila is a good product
We do have many sources of income from grants and [our] casino and are able to roll them up into a summary for each department director.
Yes, MIP Fund Accounting has achieved this benefit.
August 30, 2016
MIP Fund Accounting
Yes we have been able to manage programs that are funded by individual donors as well as foundations, and government grants in addition to our own funding. We are able to manage the different restrictions of the funds and report appropriately internally and outside the company.
August 30, 2016
Years of solid use and support
As a Federally Qualified Health Center (FQHC) we use MIP for our multiple grant funded programs. We use a G/L segment for "grant/fund" and one for "grant year". This allows us to properly report and track our grant funding across the various grant award periods. We designated "grant/fund" as a self balancing segment.
August 26, 2016
Very Satisfied
We no longer use the multiple funds.
August 24, 2016
MIP evaluated
MIP is great at doing this. It is what it does best.
August 24, 2016
MIP for Dummies
We have multiple sources of revenue: state and federal grants, local support from cities and counties, and many types of donors - Individuals, companies, organizations, foundations, and restitution. MIP is excellent in tracking all these monies.
August 24, 2016
Been an MIP user for 25 years
We have multiple funds for several reasons?
1. We have temp restricted, perm restricted and unrestricted funds. We can track them effortlessly.
2. We have multiple revenue lines, some from joint ventures. Our annual meeting has two funds. One is only our revenues/expense and the other is shared revenue and expense. Without the multiple funds, we would never be able to reconcile between them.
3. We co-own a building and this allows us to keep that completely separate.
4. We have ten chapters and can keep all of their activity separate.
1. We have temp restricted, perm restricted and unrestricted funds. We can track them effortlessly.
2. We have multiple revenue lines, some from joint ventures. Our annual meeting has two funds. One is only our revenues/expense and the other is shared revenue and expense. Without the multiple funds, we would never be able to reconcile between them.
3. We co-own a building and this allows us to keep that completely separate.
4. We have ten chapters and can keep all of their activity separate.
August 23, 2016
MIP Review
Yes, MIP is a great software for managing multiple funds and sources. We currently have three separate organizations, under one umbrella, that utilize MIP.
August 22, 2016
Olympic Gold Reporting and Flexibility
Our Organization has multiple sources of funding, foundations grants, state department grants, USAID, etc. There is a level of complexity in terms of timing, personnel, accounting requirements, data distribution. MIP allows Finance to format this information on multiple levels, specifics. With the new Unified Guidance and our first Audit under the new requirements, I found I was able to drill down to information required. Also communication with our Program Mangers is streamlined.
August 19, 2016
Pro Seniors Abila Review
No, this is on my "to do" list. I currently track in Excel myself based on how I enter all the account assignments.
August 19, 2016
MIP is great for non-profit organizations
It is excellent for tracking multiple funds for multiple programs.
August 19, 2016
Fund Accounting at it's BEST
Yes, that is the reason we purchased MIP fund accounting since we do have different foundation grants and state grants that requires multiple reporting.
August 19, 2016
Abila MIP Accounting Review
Our organization does get funding from multiple sources and MIP does help us keep that straight. We are able to add funds and expense against those specific funds and create accurate reports about it all. We can keep track of different grants, contracts, individual donations, program revenue, and things like that.
August 18, 2016
An accounting system that can support both Higher Education accounting and Business accounting
MIP Fund Accounting does help manage multiple funds from multiple sources. Communicating that capability while only having one set of G/L accounts was the most difficult aspect of this process. My manager's eyes lit up once he saw the way MIP presented the cash account by Fund.
August 17, 2016
MIP Fund Accounting
Tracking for multiple funds is very easy and reporting is dynamic
August 16, 2016
MIP is a great software
Well not really but I can not blame MIP for it, because we can not run the software at our other campuses because of bandwidth problems so all of our people can not use the software.
August 16, 2016
Abila MIP Fund Accounting Review
MIP has certainly helped manage multiple funds form multiple sources in our organization. We currently have around 20 different programs with at least that many funding sources. We receive a mix of funding from state/federal, private, and municipal in the form of grants, donations, contributions, fee for service, etc. MIP tracks all of these with ease.
August 16, 2016
Abila Review - Not-for-Profit
Yes, as previously described we have dozens of funding sources and MIP allows us to completely segregate the sources and uses of those funds.
August 15, 2016
Won't Give up the Distribution Codes
We have benefited from the ability to manage multiple funding sources in this system. We can allocate each program according to expenses and according to cross program expenses. We are always working to properly allocate to the penny the exact usage/benefit each program gets from one person's time to each ream of paper. MIP allows us to split the costs more accurately than anyone else in the business.