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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

(26-50 of 277)
Companies can't remove reviews or game the system. Here's why
David Gerber | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
MIP allows us to manage over a 100 separate grants. We are able to generate separate financial statements and balance sheets for each grant. Our funding sources are able to track their grant expenses easily in the system.
January 18, 2019

MIP Saved The Day!!!

Joan A. Cox, CMA CPA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
We have definitely achieved the benefit from MIP's design for managing multiple funds from multiple sources as well as across fiscal years. We have two grants currently and one contract that all have different grant budget/contract periods. Comparisons to budget can be performed for each independently and by our agency's fiscal year for audit purposes. This helps us to comply with grant or contract regulations,
Score 9 out of 10
Vetted Review
Verified User
Incentivized
We use MIP Fund Accounting to help us account for how each grant we receive (or other funding source) is spent. This can easily be accomplished using the MIP accounting system.
January 15, 2019

I recomend Abila!

Score 9 out of 10
Vetted Review
Verified User
Incentivized
Our agency does have multiple funds from multiple sources and we are able to track and manage them effortlessly. We have an external financial audit done each year and MIP allows me to provide the auditors information quickly with customized expanded general ledger reports. It is also convenient to use the drill down feature on financial reports to see what makes up the figures or to use the Account Balances activity window to search activity by different account filters.
January 15, 2019

Track like a Pro

Louise Johnson | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
It has been a wonderful tool to manage all the different funding sources and grants. We have many divisions and those divisions have multiple funding sources within that division. MIP helps us track not only within the division but by the specific grants also.
Ryan Husbands, MBA, CPA | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User
Incentivized
I suppose so. There is a lot of functionality of MIP that we do not use...I don't find the interface particularly intuitive to be honest. We do use MIP to keep track of our financial assets in terms of the grants and scholarships we award on an annual basis, but perhaps not to the extent that we could. I do think we could do a lot more, and I think that perhaps MIP's support could've helped us better use the software's functionality in this regard.
Erich Koch | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Our organization has achieved this objective with MIP via the creation of multiple Revenue/Fund codes in which the various grants are kept track by. We have about 10 grants and are able to run financials for each grant individually or consolidated.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Yes, we are able to track funding sources through the funder code field. Because it is customizable and we are not just restricted to numbers, it makes it easier to remember that CARN is from the Carnegie Corporation. it is easy to find the different funding sources of a program by choosing program as a filter, but including funder code as part of the report output.
Jacien Squires | TrustRadius Reviewer
Score 5 out of 10
Vetted Review
Verified User
Incentivized
MIP does very well at tracking multiple funds and sources. It took us a couple tries to get things setup properly, however. The system structure cannot be modified once it's setup, so if anything is amiss, you have to start over from the beginning with a new database. Once things are setup correctly, it's fairly easy to track evertything and things run pretty smooth.
Maryann Freepartner | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
I believe we have a good handle on the spending under our grant programs by using MIP Fund Accounting. We can filter results by grant or program for easy monitoring and reporting, in multiple reports that give a big picture and detail pictures.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
It is very effective in keeping track of our different funds, locations, and GL accounts. By entering data and recording location codes and fund accounts in our transactions with MIP, we can later create custom reports that can arrange this date into multiple informational reports that can be extracted in seconds.
Shirley Merrick | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
We have funding sources that require that we breakdown funding from them by titles. The ability to structure the chart of accounts to make this possible is available thru MIP and has proven to be invaluable. For example we receive funds from the state unit on aging - Older Americans Act funding; state funding, department of labor funding, etc. The Older Americans Act funding is broken down by Title i.e., IIIB, IIIC,IIID,IIE. The state unit requires that we track and report out on all of these separately. Structuring of the chart account makes this possible.
Brenda Masters | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
We are able to track a number of revenue sources. We are able to report them at the program level as well as department level and organization level. Abila MIP provides for unrestricted,temporarily restricted and restricted funds. We are able to produce reports that record Federal, State, and municipal monies as well as grants and individual & business donations.
We are able to produce reports that are necessary for 990 requirements.

Still happy with breakout of multiple funds. Works well
Score 10 out of 10
Vetted Review
Verified User
Incentivized
We have approximately 25 funds that we utilize with MIP. We receive revenue from over 9 different funding sources. We are able to keep each fund separate by year and source. MIP helps us track multiple funds by numbering each fund by year. This process allows us to close out a certain year and start a new one seamlessly.
Score 10 out of 10
Vetted Review
Verified User
Incentivized

Absolutely!


This may be the single best feature of MIPS. Separating Funds is an absolute requirement for a nonprofit organization that receives Restricted funds from different sources. This process is easy with MIPS.


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