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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April 12, 2024
MIP is a great fund-accounting software program.
- MIP helps us produce information quickly.
- We save time with the automated accounting system
- Very beneficial when auditors need specific information
April 11, 2024
My opinion and words about MIP!
- I really cannot name a time where it has actually had a positive or a negative impact on our overall business objectives. It seems to do what we need it to and thankfully we have a somewhat "seasoned" user along with myself!
February 27, 2024
Use of MIP Fund for Your Finance Team
- Created a better outlook for our finance team on expense tracking and revenue tracking
- Allowed our organization to analyze financial reports accurately
- Developed new reporting methods.
February 27, 2024
Making Money Move With MIP Fund Accounting
- Definitely time saved with automated accounting processes.
- Reduced IT costs.
- It is a vital part of are organizations mission.
February 26, 2024
MIP Fund Accounting Was Worth the Wait
- Automation
- Transparency for End Users
- Data Accuracy
February 26, 2024
Excellence of Execution
- It has become much easier for monitors and auditors to follow what we are doing with our programs.
- For costs associated with production, we no longer have to waste time with ledgers and the cost saved in time for our finance has been more than worth it.
- Since implementation of MIP Fund Accounting in 2007 we have had 218 monitoring's and/or audits from our different funding sources and government monitors and there has never been an issue with showing any information that was needed for a successful review as everything is able to be tracked by date and funding source easy with the system.
- It helps me to see and track what my people are doing to reduce waster of time and money. Also to make sure data is not being taken.
February 24, 2024
MIP Review 2023
- This is not my department, so I am not sure how to answer this question
February 23, 2024
MIP Great Software for Non-Profits
- MIP has allowed me to get better at my job as a nonprofit accountant.
- MIP Customer Service Support is great on helping solved some of the issues that I have encounter.
- The system has crashed on me during a couple of occasions and my work is gone. The work should save automatically.
February 23, 2024
MIP Pros and cons of the Financial System.
- It saves the amount of time to prepare the statements /and overall financials, especially where it can be customized.
- MIP is getting expensive each yearly costs goes up.
February 23, 2024
MIP Fund Accounting review.
- N/A
- N/A
- N/A
February 23, 2024
MIP in the Open
- We believe MIP Fund Accounting is a fairly efficient product.
- MIP Fund Accounting is slow to innovate and implement enhancement requests.
February 22, 2024
My Review
- All positive
- Provides old and new information according to dates
- Provides old and new information according to fund number or department number
February 16, 2024
Outstanding Software!
- Reduction in the use of paper is a huge cost savings
February 15, 2024
Current User of Modern and Classic MIP
- Time saved with automated accounting processes (JEs, AP invoices)
- Importing JEs has allowed staff accountants and CFO a combined 24 hours during month-end close.
- Importing invoices for multiple departments has decreased errors and saved time during AP entry
- Can use "drill" in Classic MIP to review transactions that make up TB and FS, unfortunately, that is not available in Modern MIP.
- In Classic MIP one can open different modules, and reports and have multiple windows open. Unfortunately, this is not available in Modern MIP.
February 06, 2024
Improved transparency with MIP Fund Accounting
- Automated data entry into MIP for Accounts Payable
- Improved transparency
- Allowed AP to attach invoices and to collect them in real time for the annual audit
February 06, 2024
MIP Fund Accounting's templates for AR and AP have been helpful
- It has reduced cost in finance team.
- Improved accounting process.
August 25, 2023
MIP Review
- Time savings with automated processes like ability to upload entries
August 24, 2023
Grant and Contract Tracking
- I no longer have to build spreadsheets to track every single grant or contract.
- Simplifies our finances
- Plays a huge part in composing our financial statements
- Can pull historical data to varying specificities
August 17, 2023
Stable, Secure with no Surprises!
- I'm sure there is time saved with the import and export with our time management system, but I don't have any data.
August 10, 2023
MIP is Rock Solid for the FQHC World
- Saved me time during month end close thanks to copying of previous entries
- Allows me to save time with uploading the budget
- When set up correctly, the bank rec module saves a bunch of time as well
August 10, 2023
Honest -Software review
June 13, 2023
Abila/MIP as everyday help in non-profit accounting
- We moved to MIP from QuickBooks. So I can say that MIP gives us much more options for coding for identifying Fund, GL Code, Program, Source, and Client.
- Reports are incredible and incomparable to the QuickBooks
- Would be nice to have Customer Statement seeing before the printing. Right now the only way to see Customer Statement is to print it or save it.
June 06, 2023
MIP: Best solution & value for your money!
- Streamline everyday processes: keeping timelines and meeting deadlines.
- Staffing
- Better collaborations with other dept/3rd party
June 05, 2023
Abilia MIP Review
- Detailed reports - helpful for Audit