MIP Fund Accounting Reviews and Ratings

Rating: 8.9 out of 10

Score

8.9 out of 10

Community insights

TrustRadius Insights for MIP Fund Accounting are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.

Pros

Comprehensive Features: Users have appreciated the system's extensive features, such as the ability to export reports into PDF or Excel formats for board presentations and emailing reports directly to funding sources, saving time and resources. The option to filter specific items for auditor verification was also valued for enhancing departmental efficiency.

Ease of Use: Reviewers find the system user-friendly and easy to navigate, with functionalities like quick shortcuts and readable font enhancing usability. The development of accurate and easy-to-use reports and templates on the cloud version was noted as a positive aspect by users.

Efficient Financial Tracking: Some users value the system for facilitating financial tracking through functions like bank reconciliations, obtaining check registers for specific periods, processing payroll efficiently, setting dates in organization preferences for preventing incorrect entries, showing financial details effectively, and running detailed financial reports that aid in decision-making processes.

Reviews

435 Reviews

The ABCs of reviewing - (A)bila (B)elongs in my (C)ompany

Rating: 9 out of 10

Incentivized

August 10, 2016

Use Cases and Deployment Scope

We use MIP as our main accounting software, for budgeting purposes, for financial statement preparation, for record keeping, and for payments to vendors.

Pros

Ease of setting up different types of financial reports and accessing them.
Easy to access records and transactions done in the system.
Easy to export to Excel for spreadsheet purposes, if needed.
Can use e-mail to send information within the system.
Help and support system is excellent.

Likelihood to Recommend

We find it well suited to our accounting needs as a non-profit organization. The executive view function, the budgeting function, the ability to scan records into the A/P function are great just to name a couple.

Larry Huffman

Grants Coordinator in Finance and Accounting at Confederated Tribes of Coos, Lower Umpqua & Siuslaw Indians (51-200 employees)

Vetted Review

15 years of experience

View profile

HealthCare + Non Profit

Rating: 8 out of 10

Incentivized

August 9, 2016

Use Cases and Deployment Scope

We use MIP across the whole organization. We use MIP accounting, HR Management and EWS Time clock. It works perfect for us as a time clock engine; for administering employees and to manage our payroll and accounting departments.

Pros

Payroll
Employee database organization
User friendly time clock

Cons

Software updates need to be done separately (per module: HR management, EWS, drillspoint)

Likelihood to Recommend

Organizations with less than 50 employees are probably less appropriate for this software.

Verified User

Manager in Information Technology (51-200 employees)

Vetted Review

3 years of experience

My experience with Abila MIP Fund Accounting.

Rating: 7 out of 10

Incentivized

August 9, 2016

Use Cases and Deployment Scope

MIP Fund Accounting is used by our HR, Accounting, and IT departments to manage employee, payroll, benefit, and budget data across the entire organization. In my experience the chief problem it addresses and the reason for continued use is it is an accounting system designed directly for non-profits.

Pros

Managing employees is a breeze.
Payroll and direct deposit is very easy to implement using MIP.
Plenty of canned reports and the option to build custom reports.

Cons

MIP was originally designed as various modules. Even with the current unified UI, it still feels like you are navigating between modules.
Their sales team can be frustrating to work with, it seems the resources they have to give to potential customers are limited.

Likelihood to Recommend

In a non-profit entity, I have not seen a product as well conceived as MIP Fund Accounting.

Verified User

Executive in Information Technology (51-200 employees)

Vetted Review

8 years of experience

REPORT ANYTHING AND EVERYTHING WITH MIP

Rating: 10 out of 10

Incentivized

August 9, 2016

Use Cases and Deployment Scope

MIP is used by the accounting and finance department as the main accounting software. We process all transactions via MIP and import [them]. We also import accounting information from three other software/business applications.

MIP has many benefits and features in the software itself that I love very much from check writing, to running reports, to managing users and back-ups. But the main problem that it addresses is it being able to connect/provide information from the other three softwares very conveniently and with easy steps.

Pros

VERY user friendly and easy to navigate inside system and easy to export into Excel or pdf formats.
Has a variety of shorts-cuts including copying documents, reversals, copying lines, even importing journals from Excel. It makes the data entry process a lot more easier and faster.
REPORTING!!! It has many many ways of reporting on almost everything and anything an accountant would need! I just love this feature!!

Cons

The Requisition model is an area that needed improvement. But they have since solved that problem with involving a third party requisition and inventory system.
For the payroll module, leave and employee information is kept but not to a great extent, but they again have addressed this via the HR module.
Other than those problems that they have already realized and responded to, I'm impressed with MIP's capabilities and they keep improving. I'm happy with the way it is.

Likelihood to Recommend

We are utility company and MIP caters to our reporting and accounting needs. It still has room for improving report writing. MIP is suited for companies like ours with a small to medium volume of transactions.

Verified User

Manager in Finance and Accounting (51-200 employees)

Vetted Review

6 years of experience

MIP Fund Accounting - Great Product

Rating: 9 out of 10

Incentivized

August 9, 2016

Use Cases and Deployment Scope

MIP Fund Accounting is used by the accounting department. The biggest problem it is addresses is the ability to keep the expenses and revenue for the funds separate.

Pros

Keeps a separate accounting for each fund.
Allows for imports of CSV files and exports of Excel and PDF files.
You have the ability to create the reports that work for you and do not just have to use canned reports.
Integrated accounting system with payroll system.

Cons

Have had some issues when they implement updates. Former reports no longer totaling correctly, etc. If there aren't enough users out there that use that report, they don't put time into getting it fixed.
There is no ability to change the character limits of your codes or ids once your company is set up unless you want to re-do the whole system and then pay to have someone working with MIP to transfer everything, which is quite expensive.
There used to be a local users group supported by the prior owner of this product. It was very helpful and I think they should invest time in continuing something like that as there are many people I talk with that don't feel the knowledge base is useful.

Likelihood to Recommend

Overall this is a great product for a larger organization. It has the ability to separately account for each funding source so there isn't a lot of extra work needed to be done in a spreadsheet to complement the MIP reports. It is fairly simple to use and if you do your payroll in house, then the integration of payroll to accounting is great.

Verified User

C-Level Executive in Finance and Accounting (11-50 employees)

Vetted Review

9 years of experience

MIP Fund Accounting is capable, but can be quirky.

Rating: 5 out of 10

Incentivized

August 9, 2016

Use Cases and Deployment Scope

We use MIP to process our organization's payroll, accounts payable, HR, and track inventory. Members of our accounting department are the only ones that use this program. The program tracks all of our assets, income, and expenditures. It also tracks employee information and inventory items. We use MIP to generate our end-of-year tax forms as well.

Pros

Processes Payroll. Once setup properly, payroll can be completed in a few clicks.
Processes Accounts Payable. Can track several funds and programs as well as several vendors.

Cons

HR module needs LOTS of work. Most areas in this module feel rushed and only half-function. For example- sick leave calculations don't pull the correct anniversary date, causing the results to be off by up to a month.
The 1095-C tax module was a complete joke this year. Nothing auto-populated like promised, causing us to do a lot of hand entries. We purchased the HR module almost exclusively for the 1095-C reporting. Ended up being a waste of money.
Reporting can be very limited.
Reporting abilities can be very limited at times. We had to write a separate SQL program to pull the data that we needed for our retirement fund. The MIP system couldn't pull the data we needed. Being able to write our own SQL code for reports would be nice, but the system doesn't allow for it.
Response time on the MIP tech support line can take up to an hour sometimes. Once you get someone, they don't always know what they're doing. We've gotten 2 completely different responses to the same questions, depending on who answered the phone.

Likelihood to Recommend

Well suited for medium to large organizations that need to track many different funds and programs. Might be overkill for smaller organizations.

Jacien Squires

IT Administrator in Information Technology at Hocking Athens Perry Community Action (51-200 employees)

Vetted Review

9 years of experience

View profile

Abila is great!

Rating: 7 out of 10

Incentivized

August 5, 2016

Use Cases and Deployment Scope

Our organization uses MIP Fund Accounting across our whole organization. All accounting transactions are tracked through the software: accounts payable, cash receipts, accruals. This information is used to then create our financial statements, which are then reviewed by our finance committee and submitted to the board of directors on a monthly basis for approval. We also utilize FR50 to track our donations and then import the transactions into Fund Accounting.

Pros

The MIP chat is the best. Any time I have started a conversation I am also able to get an answer that way. It is a much easier solution than sitting on the phone.
The screens and functionalities of the different screens are very similar, so it makes it easier to use the system. For instance, the screen and inputs necessary to record a journal voucher are the same as an accounts payable.

Cons

Drilling down into reports is not user friendly. If you open a report, you should be able to click on the transactions and then that transactions opens.
There are so many variations that you can make to a report, that is actually just makes it more difficult to understand how to get the information you are looking for.
When inputting Accounts Payable, it would be nice to be able to enter multiple explanations for items on one bill. For instance, when we receive a master card bill, there are multiple charges. Yes you can break out each expense, but it all falls under the same description.
Detailed trainings should be available on-line to those who already pay the annual support fee. The only free trainings offered are promotional and barely provide information. The trainings are far away and very expensive, especially for a small non-profit.

Likelihood to Recommend

It provides all the functionalities that are necessary, which is great to be able to track all items in one place. It suits all of our accounting needs and the support is very good. However, it can be complicated to find the information you are looking for because there are so many options. Since there are very few trainings offered it makes it less user friendly. Additionally, drilling down into reports is non-existent.

Theresa Florczyk

Finance Director in Finance and Accounting at Ywca Of Mohawk Valley (11-50 employees)

Vetted Review

2 years of experience

View profile

Abila MIP Fund Accounting stands above the rest!

Rating: 8 out of 10

Incentivized

August 5, 2016

Use Cases and Deployment Scope

MIP Fund Accounting is used by a department within our organization, specifically the Finance/Business department. It is primarily used as our main accounting package, to track project statuses and cash flows, along with tracking budget vs. actual progress over the lifetime of the projects, both in domestic and international currencies.

Pros

MIP Fund Accounting is a great package, especially in the detailed classification and separation with the charts of accounts feature.
MIP Fund Accounting is very strong in capturing larges amounts of data, and possessing the ability to filter that data to arrive at meaningful results.
MIP Fund Accounting allows the user to customize and organize reports, appearance, and performance.

Cons

One area that has room for improvement is the limited capability of producing reports in multiple currencies, and being able to receive relevant data from those reports.
Occasionally the import process can be cumbersome, in that it bogs down considerably when doing large data loads into the system.
Being able to add more definition within the accounts payable functionality, specifically to accounts and routes, would be a great improvement.

Likelihood to Recommend

MIP Fund Accounting is tailored to nonprofit organization management, unlike most accounting packages or software products which are geared for the for-profit world. Having an accounting package specific to non-profit accounting makes our work much easier and more streamlined, and allows us to report well to our investors.

Verified User

Analyst in Finance and Accounting (201-500 employees)

Vetted Review

2 years of experience

Abilia MIP Fund Accounting is User Friendly

Rating: 10 out of 10

Incentivized

August 5, 2016

Use Cases and Deployment Scope

Our Finance Department uses it. We run reports for other departments monthly. We use for all are financials and board reports quarterly.

Pros

User Friendly
Can have multiply grants
You can import from excel.

Cons

Cannot delete a vendor or client after several years of not using them
If you mess up on a import it will lock you out of that batch.

Likelihood to Recommend

Easy to use and does all of our accounting work. Cannot think of anything for which is not well suited. We have used for several years and have not thought about looking at another program for a non-profit.

Elizabeth Lyles

Fiscal Assistant in Finance and Accounting at Disability Rights Texas (51-200 employees)

Vetted Review

15 years of experience

View profile

covers all the bases

Rating: 8 out of 10

Incentivized

August 5, 2016

Use Cases and Deployment Scope

MIP Fund Accounting is used by the Finance Department to manage the accounting and financial reporting for the entire organization. It addresses the business problems of financial reporting, organization of financial data by grant and grant spending. The budget module allows for multiple versions, which helps with forecasting and what if scenarios. The system comes with predefined reporting templates for the Statement of Activities, Balance Sheet, Statement of Revenues and Expenses.

Pros

The system is fairly intuitive. New users come up to speed quickly. The user guides and on line help are good.
The various modules interface well. I use AP and AR.
The reporting is easy to use and covers the basics very well. The reports can be downloaded in multiple formats (Excel, pdf, csv, etc.) and can also be emailed directly. Makes report distribution very easy.

Cons

The budget module should allow for a full replace instead of uploading the change when importing data from Excel.
The GL should have a provision for recording non financial data, like FTEs, conference attendees, square footage, etc. This would allow statistical reports and greater analytics straight from the GL.
Greater functionality for calculating overhead allocations and calculating the release of temp restricted to unrestricted.

Likelihood to Recommend

MIP is well suited for small to mid size non profit organizations that do not have a high need for complex analytics. The modules work well and are easy to use. There is enough flexibility to meet most reporting needs, without having to create a side system of spreadsheets. Multiple division or multi tiered organizations would be challenged.

Charles Feeney

Chief Financial Officer in Finance and Accounting at Society for Science & the Public (51-200 employees)

Vetted Review

2 years of experience

View profile

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Abila is great!

Rating: 7 out of 10

Incentivized

August 5, 2016

Use Cases and Deployment Scope

Pros

The MIP chat is the best. Any time I have started a conversation I am also able to get an answer that way. It is a much easier solution than sitting on the phone.
The screens and functionalities of the different screens are very similar, so it makes it easier to use the system. For instance, the screen and inputs necessary to record a journal voucher are the same as an accounts payable.

Cons

Drilling down into reports is not user friendly. If you open a report, you should be able to click on the transactions and then that transactions opens.
There are so many variations that you can make to a report, that is actually just makes it more difficult to understand how to get the information you are looking for.
When inputting Accounts Payable, it would be nice to be able to enter multiple explanations for items on one bill. For instance, when we receive a master card bill, there are multiple charges. Yes you can break out each expense, but it all falls under the same description.
Detailed trainings should be available on-line to those who already pay the annual support fee. The only free trainings offered are promotional and barely provide information. The trainings are far away and very expensive, especially for a small non-profit.

Likelihood to Recommend

Theresa Florczyk

Finance Director in Finance and Accounting at Ywca Of Mohawk Valley (11-50 employees)

Vetted Review

2 years of experience

View profile