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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

(821)

Attribute Ratings

Reviews

(26-50 of 126)
Companies can't remove reviews or game the system. Here's why
Score 10 out of 10
Vetted Review
Verified User
Incentivized
It provides what we need to run our business with reasonable cost. Integrating MIP Fund Accounting with other software can save significant time and effort by eliminating duplicate data entry and automating various tasks. This efficiency can lead to cost savings by reducing manual labor and potential errors.
Donavan Lam, CPA | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Incentivized
MIP has been a very useful system in my career, there are obviously other systems that are available. However I still feel MIP still give you the best value for the money and the user friendly aspect of the system is highly desirable.
Score 6 out of 10
Vetted Review
Verified User
Incentivized
I would like to continue using MIP, but there is a push at my organization to use a system that can more easily be integrated with other popular tools for enhanced automation. It is possible that we will move away from MIP in the next couple years for this reason.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
We have been using MIP for over 25 years. In the '90s, we used the MS-Dos version and subsequently changed to the Windows version in the 2000s. Our organization is still relatively small in terms of staffing and even transaction volume; however, over the years, the number of projects has increased and is projected to increase drastically in the next year or two. With the increase in projects along with the ability of MIP to cater easily to large organizations, it makes perfect sense for us to renew when that time comes. In addition, we have recently subscribed to the MIP Cloud, which has now given us the ability to work remotely and enhances the security of our data.
May 03, 2023

Positive

Score 9 out of 10
Vetted Review
Verified User
Incentivized
It is working great so stick with it. The software would be great. We need this software because we used a general ledger software and it was not good for a Non Profit Organization. I have only worked with this software because my boss had it in a past Organization and she raved about it. She used it for 11 years.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Our accounting professionals love using MIP Fund Accounting, our new hires for accounting also have used MIP Fund Accounting in the past making it an easy choice to choose to renew. We are able to get things done without having to retrain or rehire new employees who need additional time and energy on a new tool.
May 25, 2022

MIP Love!

Score 8 out of 10
Vetted Review
Verified User
Incentivized
We are currently using MIP, and we are 100% likely to renew MIP. I could not imagine doing my job without this software.
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