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).
Comparisons
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Reviews and Ratings
(820)Attribute Ratings
Reviews
(101-125 of 430)Companies can't remove reviews or game the system. Here's why
March 24, 2021
Meh
- Support center is great.
- Lack of free trainings.
- Hard to use.
- Redundant features.
March 23, 2021
Trusty System
- Reliability.
- Doesn't change.
- Support is great.
- Font size is too small and not adjustable.
- Organized poorly for ease of training. Try explaining the difference between Transactions and Activities to a new employee!
- Inability to archive old records is a real problem for us. Why should we have to pay an outside entity?
- Inability to fully remove inactive codes from the tables. Admins should be able to edit/remove codes on the tables.
March 22, 2021
MIP Fund Accounting is an Asset
- Training.
- Support.
- Reports.
- Pricing.
- Entering Expenses.
- Posting.
March 19, 2021
Solve your accounting dilemna with MIP Fund Accounting
- Integrates well with our donation software.
- Allows us to set each missionary as a project or "company" of its own within the system.
- Handles our home office accounts payable and payroll through the General Ledger.
- The "voucher register" in payroll should have the edit feature in favorite reports in process manager.
- Everything else meets our needs.
March 12, 2021
Aging Best Review
- It gives a true picture of where you are at a given point in time.
- It's relatively user friendly - when you know what to do.
- There seem to be some glitches in the HR module "talking" to the Financial Module. This makes it difficult to effectively process payroll sometimes.
- We've not had good luck with [the] training. The finance department had great turnover a little over a year ago. When we became fully staffed again and tried to set up training, COVID hit. We attempted to set up virtual training, but it was very impersonal, and we were "fit in" where they could get us. We're getting by and discover some things on our own, but it's been very discouraging.
- When we call the service desk, sometimes (depending on who you get) we're made to feel like we're very incompetent. Processes aren't fully explained. I've been told on several occasions, "I don't know why it did 'this or that,' but it's fixed now." It would be nice to know the "why" of an error so I can explain it to other staff, so it doesn't happen again.
- Easily spreads investment returns to all endowments
- Creating and formatting reports is simple
- Navigating the software is very intuitive
- Report writing could be easier; it is not user friendly
- Standard reports should be more accessible (e.g., SOA, SFP, individual endowment reports that are reader friendly downloadable into different formats)
- The original implementation was very difficult and cumbersome
March 03, 2021
Nice software with easy to use functionality.
- Allocation feature is great. You can make changes to percentages and programs as needed.
- The budgeting portion works great, and makes it simple the first time you set up your company's annual budgets.
- The Financial Reporting is wonderful. You can save and automate reports, and it helps eliminate run time at month end.
- Ease of deleting entries that are not needed.
- It would be nice to have a way to update your reports once you enter a new calendar year. Most things require a manual run with date updates.
- It would be nice to have a way to run a mock allocation to see it's effect, rather than running a real allocation, then deleting if it didn't achieve the proper result.
- When new programs are added, it would be nice to have an option to change it one place and have it update to all areas. Now, you have to remember to add and include it once you add a new one.
February 27, 2021
Abila MIP
- Allocating expenses according to a user created allocation table.
- It will generate a report with any parameter you can specify.
- Keeps track of vendor and donor balances.
- Creates an audit trail of each transaction and any corrections
- Customer support is difficult to access.
- The drill-down feature is an improvement, but should be easier to use.
- It is not easy to change users when there is staff turnover.
- There is a steep learning curve for new users.
February 26, 2021
MIP Fund Accounting Review
- Payroll
- HR staff management
- AP and non-profit accounting
- Technical support is horrible
- Requires IT administrator privilege's in order to process W-2s
February 18, 2021
Meet Governmental Reporting Requirements Quickly
- Report customization.
- Data upload.
- Data download.
- Fund tracking.
- Bank reconciliation screen does not show total of credits and debits for the month.
- If previous months are not locked in bank reconciliation, my locking doesn't always work.
- Bank reconciliation suspense allows to bypass real reconciliation.
- MIP divides our finances into numbers of dimensions--entities; funds; programs, g/l. These are more numerous options than others provide.
- MIP offers a large variety of reports--meeting needs for the accounting department and management.
- MIP warns of errors that prevent completion of tasks.
- MIP could improve the way it accepts date inputs--some times it allows 2 digit dates; other times not.
- MIP could show the related journal entries on both sides of the debit/credit ledger.
- The reconciliation process could include session ID data--would be helpful when the need to identify details behind a transaction arises.
February 06, 2021
Great for small government entities
- Reports: Very detailed and customizable.
- Journal entries: Easy to enter multiples.
- Interface is hard to work with.
- Many items are hard to find and there is no search function.
- MIP offers a lot of free training webinars that are always informative and interesting.
- The custom column creation helps to creative very specific report details.
- There are some great features that are only available on the cloud and it would be great if in house users had those features.
November 20, 2020
Great for complex governmental agencies
- Ability to set up separate entities.
- Simulated month-end closeout.
- Large selection of modules.
- MIP Fund Accounting (formerly Abila MIP) could stand to be a bit more user friendly. It takes a while for a new user to get up to speed.
- I don't like having to re-enter my password every time I change entities.
- When I open MIP Fund Accounting (formerly Abila MIP) on my Surface laptop, the font is FAR too small. I can hardly see the icons.
November 11, 2020
My MIP Fund Accounting Review
- It provides an excellent method of tracking purchases for program data.
- It is fairly easy to learn and train staff to use.
- Customer support in resolving issues has been above average.
- Filter and search options are great tools in finding information.
- When printing the PO, 90% of the time it will print on two pages instead of one. The organization has tried to correct this, but seems like a glitch in the system. This is an increase in processing time and paper.
- We have had issues with the workflow in the system. Still trying to work that out.
- On occasion, I have been locked out of the system and had to contact customer support in order to handle the problem. I'm still not sure why this happens.
November 05, 2020
Perfect System For Our Needs
- We utilize grants and the fund setup helps manage the accounting for those grants very easy.
- The reporting is very good and I've not had issues being able to extract the exact data I needed for any analysis.
- Again the customer service is excellent, easy to use and quick to respond. I can almost always get any question I needed answered within minutes.
- I [wish] being able to export to excel was a bit easier. I now have to save it and then open it as opposed to the spreadsheet just populating.
- I'd like for un-posting to be a little more automated as opposed. Basically like an "un-do" button.
- I don't like forced password changes but I understand the requirement.
November 04, 2020
Local Non-Profit gets their needs accomplished
- Reporting -- Customizable, exportable (pdf and excel)
- Journal Entries -- Supports journal entry imports with some tweaking
- Budgeting -- Budget module is very simple to use
- User Interface -- Easy to pick up for anyone who has used Greatplains
- Customizable Modules to match only what the organization needs
- Drill-down functionality is not consistent across all reporting
- Recurring entry module lacks easy ways to customize multiple entries at once
November 03, 2020
Great program and features - could be more user-friendly
- Offers multiple attribute assignments allowing more precise program tracking
- Tight controls and security features
- Extensive reporting options and customization
- Entry screens and layouts are too dense, not user-friendly
- I have to customize my windows every time -- need to be able to set preferences for columns and drill downs
- Too easy to make data entry mistakes because the layout is hard on the eyes and relies on having to glance down at the tiny window for text descriptions of number codes
- Checks in place to prevent certain inaccuracies (i.e., MIP Funding Accounting (formerly Abila MIP) will not allow the user to enter an invoice if debits don't equal credits, total debits/credits don't equal total document amount, and/or an A/P account is absent)
- Once the templates are properly created (for which MIP Fund Accounting (formerly Abila MIP) offers brief, personalized training sessions to assist), the Import feature is easy to use and saves a lot of time
- Allow users to have access to the database via an online cloud; this has made working from home more realistic.
- When using the recurring transactions module, if you click into a line item to edit it, once you save and edit, the recurring transactions page refreshes and rearranges the line item, which causes brief, continuous lags. The only workaround I've found if renaming all of my recurring transactions a particular way.
- It would be a nice feature if users could click into line items on reports like in Quickbooks.
- Being able to click Enter on my keyboard instead of Ctrl+Shift+R to when search for records in the Vendor module, etc. would be a nice feature.
October 26, 2020
MIP is one of our company's MIPs (most important players)!
- Distribution codes are amazing...they will calculate for you!
- Recurring entries come in handy also, because you don't have to enter monthly bills repeatedly.
- It is very easy to use!
- Very user friendly!
- Wish the vendor name could have more than 20 characters.
- Don't like having to reverse and then copy to make a correction or remove something. Wish I could just delete items easily.
- It has been running pretty slow recently and kicks us out sometimes.
October 12, 2020
MIP Fund Accounting for Multi-currency Users
- Multicurrency Function - We spend in different currencies and this feature is great so that we can enter transactions in the source currency while reporting in our functional currency (USD).
- Reporting - We can run various types of reports based on the multiple dimensions that we have. It takes time to understand which report can do what, but once I learned this I saved versions of the reports that I frequently run.
- Data Entry - It would be great if we could copy and paste from an Excel spreadsheet. If we have a lot of entries to make, we must do imports. If the import is not perfectly formatted then we must keep making updates to the file. This can be annoying especially when the issue is minor such as having a comma at the bottom of the file.
- Multicurrency Training - The training for this module is subpar. A lot of what I learned was through trial and error because there are not many resources for this. Even training partners barely have anything for this.
October 10, 2020
My MIP Fund Accounting Review
- Flexibility with Financial Reporting
- Integration of HR and Payroll functionality
- Importing of Journal Vouchers
- Integration of electronic timesheets.
- Date tracking of when changes are made to distribution codes. These are used heavily and without a history, auditors become frustrated with trying to reconcile costs to the General Ledger.
- Document scanning in HR could use a lot of work. My understanding is that you cannot scan documents and attach them to individual employees.
September 24, 2020
MIP Fund Accounting is great!
- MIP Fund Accounting does a great job with importing.
- MIP Fund Accounting is great in customer service.
- MIP Fund Accounting's PC version is very helpful.
- MIP Fund Accounting's budget module could use improvement.
- Its system integration could use improvement.
- Its user system controls could use improvement.
September 20, 2020
Small midwestern, diverse mid-profit
- Organization
- Monitoring
- Reporting
- Ease of use
- Creating reports
- Outputs
August 24, 2020
Gives Me Just What I Need
- Ease of use to start: I can easily navigate the system, the subgroups make it very efficient.
- Report Writer: The setup allows me to retrieve the information I want in the format that I want.
- Processing my 1099s: I love the ability to quickly compile the information and also the ability to retrieve it later. The option of processing for more than one company. We no longer have more than one but at the time it made processing simpler easier and faster.
- There had been a couple of issues with the check processing when there is a jam and having to reprocess. It doesn't have it often but I find myself trying to figure out which option to choose to begin again. So maybe a little more clarity around that.