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
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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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April 12, 2024
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 offered with the software and find that they are user friendly. MIP Fund Accounting is easy for even our newest employees to understand. This software is a huge assist to our company. When an issue arises we contact MIP support and have an answer in a short amount of time. The staff is very friendly and professional.
April 11, 2024
My opinion and words about MIP!
MIP Fund Accounting is used for daily cash management activities including Payroll, Bank Reconciliations, General Ledger, Accounts Payable. I do not know that I can actually name a business "problem" that the software addresses per se, as use it for day-to-day accounting activities. I really like many aspects of MIP, but also feel, as someone coming from other accounting software which I taught myself to use, MIP is somewhat user "un"friendly. I feel that it is difficult to learn and seems that it could be more user friendly without so many steps to go thru to attain a goal of cash management for a non-profit!
February 27, 2024
Use of MIP Fund for Your Finance Team
MIP Fund Accounting primarily is used in my role for budgeting and developing reports on expenses and receivables. This product also allows myself to create a chart of account and make editions throughout the year. Business problems this product helps with are yearly operating budgets that we can develop, track daily to yearly expenses, show an overview of revenue captured, and allow the organization to better interpret its expenses and revenue through the year.
February 27, 2024
Making Money Move With MIP Fund Accounting
We use MIP Fund Accounting in are organization that goes with our Microx system. This is how we display and move money around. It is a very valuable tool. It allows us to see financial ledgers and detail of spending. it also gives you the ability to run reports and check balances.
February 26, 2024
MIP Fund Accounting Was Worth the Wait
MIP Fund Accounting has brought us into the 21st century! Not only is the accounting module intuitive and user friendly, but the way it integrates with the other modules has streamlined many of our processes with Purchasing, Inventory, Ordering, Payroll, and even HR. It's well worth the investment for an efficient work environment.
February 26, 2024
Excellence of Execution
We use MIP Fund Accounting for all of our accounting functions. We pay bills and receive funds through it. We also track fixed assets and our purchases through MIP Fund Accounting. W2, 1095, 1099 are all produced as well as our payroll operations for the company. We do not currently use the program for HR functions, but our HR does use the payroll module for the work they need to do. MIP Fund Accounting helps us to retain all of our information in one place. Before the company used ledger books to attempt to keep up and it did not go well.
February 24, 2024
MIP Review 2023
I login into MIP Fund Accounting to order supplies for my department. I use it to order Staples, Waxie, Mckesson, and Charm-Tex. I have to place an order through MIP Fund Accounting, and then my Manager receives a message to approve the order. I keep track of my orders, and so does accoutning.
February 23, 2024
MIP Great Software for Non-Profits
I use MIP Fund Accounting to process accounts payable, journal entries, generate vendor and payroll reports. We are nonprofit for workforce development; we sponsor our clients with short training and financial help to pay for training expenses. MIP allows me to run reports to see the exact amount that we have spent on each client. In the past this was an issue being able to get the total money spent on a specific client or grant, with MIP it is easy and user friendly to run a report to get this information.
February 23, 2024
MIP Pros and cons of the Financial System.
We use the MIP accounting system to record items in the general ledger - accounts payable and receivables - to form financial statements. Enter journal entries - cash receipts/disbursements. We enter all assets. At the end of the month, prepare the depreciation. We join the payroll from ADP into MIP through the GL interface, a very reliable system.
February 23, 2024
MIP Fund Accounting review.
In my organization, we use MIP Fund Accounting to input invoices. Using this application is crucial for all sizes as it streamlines financial processing, enhances accuracy, and provides valuable insights. The only problem with MIP Fund Accounting is that, at times, it can become slow. When trying to work fast within my organization, time is of the essence.
February 23, 2024
MIP in the Open
MIP Fund Accounting is used by the whole organization for department and overall reporting as well as compliance reporting. It was purchased to allow for reporting by cost allocation to multiple cost centers, including both internal departments and grants. The major benefit is that it allows a large number and multiple levels of cost centers and programs.
February 22, 2024
My Review
MIP records all incoming and outgoing expenses. For grant reporting, I am able to generate financial reports. on a daily basis - I use MIP to generate financial reports such as - revenue and expenses by period.
February 16, 2024
Outstanding Software!
MIP Fund Accounting assists our organization in tracking and managing expenses and receivables on a daily basis. MIP assists us in tracking our open receivables with the very useful A/R aging reports. On the Payables side we create and send out a decent number of checks to pay invoices each month and the system assist us in tracking and maintaining that AP activity. We also rely heavily on the A/P aging reports for tracking. The bank reconciliation module is also a great tool that we use to track our bank activity. Especially with the growing number of electronic fund transfer transactions.
February 15, 2024
Current User of Modern and Classic MIP
MIP Fund Accounting is our Accounting system for 5 different funds. We use the GL and AP modules, with plans to use Fixed Assets and AR modules in the very near future. We have a third party payroll vendor, but have been able to use the Import feature of JEs to assist with monthly payroll activity.
February 06, 2024
Improved transparency with MIP Fund Accounting
MIP Fund Accounting is used for the finance department at my organization. The program addresses the recording of financial activities for the organization. We strive to integrate all aspects of our business to utilize MIP Fund Accounting effectively.
February 06, 2024
MIP Fund Accounting's templates for AR and AP have been helpful
I use MIP Fund Accounting to prepare monthly financial statement, along with ledgers and trial balance. The templates for AR and AP have been helpful, allowing me to use softwares like Bill.com to import into MIP.
August 25, 2023
MIP Review
I use it to input all financial data and to prepare month and year-end financial reports
August 24, 2023
Grant and Contract Tracking
We use MIP fund accounting to track our grant and contract expenditures. No other software was able to track to the level of detail that we need.
MIP Fund Accounting is used to consolidate billing and accounting data from 3 separate software programs. I could not imagine a more suitable program to do this. It boils everything down in a palatable form and is relatively easy to navigate. It took me minimal time to learn the program and get comfortable navigating it. There is a minimal learning curve, and not much can be undone, so any errors I happen to catch can be fixed with minimal stress.
August 17, 2023
Stable, Secure with no Surprises!
We use MIP Fund Accounting for our organization's accounting record keeping. Including, but not limited to, manager reports, payroll imports, accounts receivable and payable and budgeting. It runs seamlessly with our hourly time reporting software.
August 10, 2023
MIP is Rock Solid for the FQHC World
Abila MIP is a great accounting software program if you work in the FQHC world or where you have a ton of grants you have to keep track of. We use MIP to do our Budgets, Fixed Assets, Payables, GL, and Bank Reconciliations. We use Microix to link our payroll and PO Module to this system which makes it seamless. This program allows me to track my grants many ways so I stay compliant with the Federal Government. The system is easy to use and allows me to even scan in documents like invoices so I can retrieve them later on. This is just a really good system when set up and trained properly on it.
August 10, 2023
Honest -Software review
MIP supports our not for profit with an easy to use funding platform. We manage grants and funding with easy access and recording entries each month.
June 13, 2023
Abila/MIP as everyday help in non-profit accounting
MIP is used mostly in the accounting department, where we have a few users. It is also installed in one of biggest programs located separately from admin. But at this place it is not used much for now. Probably in the future MIP will be used there and in another programs as well.
June 06, 2023
MIP: Best solution & value for your money!
A very reliable system to have. Once installed, like the TV Ads, you set it and forget it. It keeps running and making daily and periodic tasks a breeze.
June 05, 2023
Abilia MIP Review
We are a non-profit membership association that also receives federal funding for training grants. We use MIP for the accounting of all functions of our organization, but it is most useful in the tracking of the seven different grants we currently have.