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
(821)Attribute Ratings
Reviews
(26-50 of 430)Companies can't remove reviews or game the system. Here's why
June 05, 2023
Highly recommend
- Versatile and flexible reporting
- Ability to track and report by segment
- AP integrates well with GL
- It's not clear to a new user the sequence of AP (reports to be run) We created an internal checklist.
- We have recently had issues with allocation calculations picking up prior month transactions that have already been processed, causing inaccurate calculation.
- For voided checks, I would like to see an option to void and not reissue. (due to wrong vendor or entry error) We don't do this very often, but the only way I've found to eliminate the void is with an AP credit.
June 03, 2023
MIP users' experience
- Bank reconciliation.
- General ledger analysis.
- Reporting.
- Budgeting.
- Custom reports.
June 03, 2023
Abila - a great segment reporting tool.
- The flexibility of the segmented chart of accounts allow for the user to design the chart of accounts based on the organization needs. A well designed chart of accounts allow for reliable reports with detailed cost structures to track and analyze multiple funding sources.
- The importing features allow for very efficient entries of high volume journal entries and minimize mistakes.
- The system itself is very user friendly and the design/layout of the system is highly intuitive.
- The reporting features can use some improvements for ease of use and more functionality.
- I feel that if Drillpoint reports can be integrated with the Scheduler Module, it would make reporting and data manipulation even better.
- Some improvements within the budgeting module is also highly desirable.
June 02, 2023
Great accounting software, could be more user friendly for those without an accounting background.
- Vendor tracking
- Some of the features are hard to access
- Could be more intuitive and user friendly
June 01, 2023
MIP Fund Accounting Review
- Availability of multiple segments for needed reporting functionality
- Allocation module for automation of transactions
- Free-form nature of MIP to design things as needed for your organization
- It's not user-friendly. Could use a major user-interface overhaul
- Learning curve is high.
- MIP suggests using an outside app, Drillpoint, for its reporting. Its own reporting should be sufficient, but it is not.
- The open-ended nature of MIP can lead to mistakes, such as reports not being designed properly, or leaving data out of reports.
- Fixed Assets Management.
- Accounts receivables and payables.
- Budgeting
- Reporting
- Budget vs Variance Analysis
- It can become more user friendly.
- The closing of fiscal year can be complicated.
- Bank reconciliation feature can be simplified for ease of use.
- More flexibility can be given in terms of expansion of characters in some fields
May 30, 2023
Abila MIP meets my needs!
- Running Reports, it is simple and easy to run historic documents.
- Fixed Assets, the module is very easy to use and keep track of assets.
- Composition, all modules being in one place is a great feature.
- Integrating with 3rd party applications
- Being able to highlight, copy, and paste straight out of MIP. Not being able to do this is frustrating.
- HR being in a different module, should be all together in my opinion.
- Importing function could be a little quicker.
- Modern UI functionality could be improved
- Accommodates as many GL codes and departments as you need it to so you can maintain detailed, accurate records.
- You are able to search for past entries by a variety of fields to help you find what you are looking for.
- Data entry is easy and fairly intuitive.
- There are many checks and balances built into the system to make it hard for you to submit inaccuracies.
- I would like to see a search function by word (you can type in a word and it will pull up any entry with that word). Currently, you can only search by things such as vendor ID, GL code, etc.
- When needing to change the line description, it would be nice if the copy and paste functioned a bit differently to make changing that field easier.
- It would be nice to see some other options for line entries specifically regarding the line description field. Sometimes we recall a memorized document and only want to change part of the line description for several lines (such as a date), but we have to copy and paste the date in each line. It would be nice to have something like a "find and replace" where we could update the date in all lines with one click. This would save us a lot of time, especially on our payroll entry.
May 03, 2023
Positive
- Fixed Assets
- General Ledger Information
- Reports
- Trying to understand Dates for the reports
- Determin what dates work to give you the correct information.
April 25, 2023
MIP Does the Job
- Financial Reports
- General Ledger Accounting
- Decent user support
- HR Module - need to format more timesheets for hourly employees to enter actual ins and outs as California law is now requiring this.
- More intuitive menus
- Easier ways to correct errors
April 21, 2023
I do indeed like it a lot :)
- Very well formatted
- Easy to navigate
- Easy to understand and utilize
- The submission dates
April 19, 2023
MIP Reporting is second to none.
- Reporting
- Payroll
- Bank Reconciliation
- Accounts Payable
- Accounts Receivable
- Journal Entries
- No edit functions, which is necessary for documentation purposes
- Tracking multiple houses under one fund
- Restrictions for donations
- Budget line items broken out by administration and program support
- Payroll documents are uploaded and encrypted
April 19, 2023
MIP is the best there is!
- Automatic Bank Reconciliation
- HR
- Payroll
- Reporting module could be easier to work with
- Fixed Assets
December 08, 2022
Great product that is easily customizable.
- Able to provide true fund accounting.
- Excellent reporting options.
- Manage our fixed assets.
- Would like to see all the same options in the cloud module that are in the original module and vice versa.
- A/R is a bit clumsy, too many steps.
November 21, 2022
Good Product for the Money
- GL format is easy to enter in.
- System is user-friendly.
- You are able to drill down to transaction level.
- Reporting could be more robust.
- Encumbrance could be easier to use.
- No workflow for invoice approval.
November 21, 2022
Happy Customers
- General funding
- Ledgers
- Reporting
- Update the interface
- Fewer clicks to get to critical areas
September 19, 2022
MIP Fund Accounting Review
- source accounting
- payroll
- general ledger detail reporting
- cross reference of accounts payable document number to check number in some reports
September 19, 2022
MIP -Workhorse Financial System
- general ledger
- Accounts payable
- Financial statements
- Bank reconciliations suspense items
- Transaction data entry could be simplified to allow copy and paste, inserting lines
September 13, 2022
MIP is good if you know how to use it.
- allowing the breakdown between multiple departments, jobs, units, etc.
- Robust reporting.
- Catching duplicate invoices.
- It is not user friendly - not intuitive.
- Reports are difficult to build on their own.
- The knowledgebase is very difficult to navigate - it's very difficult to find answers to questions - I always have to chat or call to find the answers to my questions.
June 29, 2022
Healthcare? Grants? Departments? Budgets? YES!
- General Ledger processing, including journal entries and reports
- Ability to download all reports directly to Excel and PDF formats
- Use of Grant codes to enable grant reporting by month/quarter/year
- Ability to have multiple departments and consolidate into groups for reporting
- Accounts Payable and Accounts Receivable cannot be out of balance
- Multiple ways to use the product including Cloud and Classic options, Visual menu or Standard (Top of screen) menus to select processes, many options we are not using in our simple organization
- Chart of Accounts: there is no option to merge or renumber accounts. For instance, once you set up an account in the current asset section, i.e. 1200 Savings account, you cannot change the number or merge it into an LT asset, i.e. 1800 LT Savings
- Set up: We are locked into the original implementation scenario of multiple Fund numbers (we use only 1) a location code (we use only 1) and a responsibility code (we use only 1) so our account combinations need to start with 1, then GL, Dept, and Grant, then 0 and then 0000 to be complete. So instead of 6000-2010-1000, we need to indicate 1-6000-2010-1000-0-0000
- After 10+ years we have a lot of GL account numbers, Departments, and Grants which are either I=inactive or D=discontinued and we have to continuously filter them out of our reports such as vendor list, chart of accounts, etc.
- The aging reports for AR and AP are a nightmare and cannot be trusted
- You can set up reports that do not balance, i.e. combining reports that do not include all departments because you did not update the filter or options on the report.
- The training is costly in my opinion. Once you get through the training, you have good takeaways to save time and understand your options, but the cost is an issue. The year that a "season pass" was offered for all the training you could handle was the best! There were all sorts of shortcuts I would not have known about.
- The training also has the downside of starting with the system implementation and moving forward. Some of this early stuff is truly NA when your system has been in place.
June 25, 2022
Bang for your buck
- Easy to use.
- Accurate.
- Great technical support.
- Missing functionality.
- Sometimes laggy.
- Advanced Budgeting tools
- Easily accessible payroll options
- Understandable reporting manager
- Secure information
- Better historical documentation
- Follow up on software requests
- Custom field options
June 08, 2022
Would like to see more free training provided
- Processes are clear and concise
- Ease of use once you understand the flow
- Creating reports
- Being able to change what you view on display report functions
- Remembering check or voucher number in A/P and Payroll
- Training
June 03, 2022
I love using MIP Fund Accounting
- Being able to access Entering Invoices from the menus and modules.
- Having the related tasks in the gray boxes and in different modules.
- Having the road map set up in sequence so you know what to do next, so no guessing.
- The Process Manager Window for reports.
- Maybe the choice to enlarge the font and icons, but it's no big deal.