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 and Ratings
(820)Attribute Ratings
Reviews
(76-100 of 277)Companies can't remove reviews or game the system. Here's why
January 10, 2017
Abila review
The ability to manage multiple funds from multiple sources is all in the set up. We were a new organization and had difficulty in determining what our future needs would be so things could have been set up better. The inability to merge at all levels: cost centers, revenue sources, etc., is somewhat limiting.
January 06, 2017
I am glad I chose Abila MIP Fund Accounting.
Nonprofit accounting has at least three restricted funds. It is a lot easier to track all restricted funds and accounts with MIP Fund Accounting.
December 28, 2016
A very good accounting package for complicated and simple non-profit organizations.
Our organization does not have to deal with this.
December 23, 2016
MIP Review
Yes I believe we have achieved this, but I also believe we have room to improve in this area.
I would like to improve at designing more custom accounts to get the specific information I want.
December 21, 2016
Reporting life saver!
We receive funds from various federal and state agencies and MIP fund accounting makes it possible for us to track costs per grant. Some of our grants are renewable so we keep the 'Fund' number the same and code costs to a 'Year' segment so that we know which 'pot of money' expenses have been paid from. This is very important when auditing and it makes our lives so much easier. This software has allowed me to write a report for our SEFA (Schedule of Expenditures of Federal Awards) which is one of the first steps to beginning an annual audit.
December 20, 2016
MIP for all your needs!
We are able to manage our many funds by using MIP's coding. At a previous job, we also used MIP and had many different sources of revenue as well. MIP was very helpful in allowing us to track the funding sources as well as the expenditures.
December 15, 2016
Education User
Company has used MIP for a number of years and has been able to manage a large number of funding sources.
December 14, 2016
Abila MIP The Greatest
We purchased MIP to handle individual funds and it has worked very well.
December 14, 2016
MIP Fund Accounting and Me
Yes we benefit from being able to break down all financial items into cost centers, programs, locations, division, etc. Within our agency, we have anywhere from 35 to 50 programs that we track financial information for. This is also split between our administrative, direct service, residential, workshop and supported living divisions. We have 20 locations that these expense and incomes are being tracked for. We also have a variety of fund raiser accounts that we track through MIP.
December 14, 2016
MIP works for me!
We currently use one fund. The departmental expense reporting has helped control spending.
December 13, 2016
Brief Review
We've set up our COA to handle our multiple funds. This has been the major improvement over our previous system.
December 13, 2016
Government organizations will benefit greatly from Abila MIP
Yes, being able to track different grants from different agencies was paramount to our forecasting for salary expenses.
December 13, 2016
MIP is the solution to Grant Reporting
We currently have in excess of 50 grants from various funding sources that range in grant amounts for $5,000 to $2.5million - with MIP the reporting time is the a few seconds in both cases - it has made it more feasible to accept the smaller grants.
December 09, 2016
Non Profit Software that is EASY!
Yes, we have funds from many sources and with the correct coding it does excellent with reporting, etc.
November 25, 2016
Tribal Accounting at its best.
Our organization received a plethora of grants. The ability to separate each one with the expanded Chart of Account codes is very helpful with report segregation.
November 21, 2016
Game Changer
Managing the different sources of funding, the different funds, grants, accounts, most with multiple accounting periods happening simultaneously for the same funds just seems impossible without MIP.
November 18, 2016
Solid software. Easy deployment and recovery.
The main client who uses MIP processes loads of payments from varying customers, tracks mortgages, and handles revenue flow to vendors with ease. Our other MIP client is a local government utility office and they work with both public and private sources in a highly fluctuating market with almost no issues.
November 15, 2016
MIP Review
Yes this is one of the greatest benefits for us.
November 14, 2016
MIP, MIP, Hooray?
We are a non profit who has multiple departments including state and federal grants that are multi layered. Being able to see all the revenue and expenses by particular program or by total roll up does make it much easier to manage and much easier to understand where funds are being spent.
November 08, 2016
The greatest choice you'll ever make!!
Yes, we use MIP fund accounting to track our grant sources. We can track all revenue and expenses associated with multiple grants and or revenue sources. This is critical in the grant compliance portion of our work. Without this critical piece of information that MIP provides we would be spending too much time tracking expenses that are available now with a few mouse clicks.
November 08, 2016
Abila has worked well for us
Yes, we are able to track revenue and expenses in different programs. Works well here.
November 08, 2016
Just My Experience
As noted, this organization has maintained MIP as its primary accounting system for the last 19 years, and successfully manage two separate databases that are consolidated monthly, while managing various funding sources of the organizations.
November 04, 2016
Abila MIP Fund Accounting Finance User Review
Yes, the cost allocation distribution code functionality is quite useful for us determining how much our programs really cost including indirect costs.
October 31, 2016
Non-Profit Organization - Multiple Fund Accounts
Our organization manages over 80 fund accounts from donations, local, state and federal sources. MIP does have all of the functionality we need to manage the funds, organize reports and data so that we can effectively manage our programs.
October 31, 2016
Abila MIP Fund review
It works well in this context. Improvements need to be made in inputting and importing.