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.
My opinion and words about MIP!
Use of MIP Fund for Your Finance Team
Making Money Move With MIP Fund Accounting
MIP Fund Accounting Was Worth the Wait
Excellence of Execution
MIP Review 2023
MIP Great Software for Non-Profits
MIP Pros and cons of the Financial System.
MIP Fund Accounting review.
MIP in the Open
My Review
Outstanding Software!
Current User of Modern and Classic MIP
Improved transparency with MIP Fund Accounting
Awards
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Reviewer Pros & Cons
Video Reviews
1 video
Product Demos
Introduction to MIP Cloud Accounting Software
Product Details
- About
- Competitors
- Tech Details
- FAQs
What is MIP Fund Accounting?
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 Fund Accounting Screenshots
MIP Fund Accounting Video
MIP Fund Accounting Competitors
MIP Fund Accounting Technical Details
Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
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Operating Systems | Windows |
Mobile Application | No |
Frequently Asked Questions
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Reviews and Ratings
(820)Attribute Ratings
- 9.2Likelihood to Renew126 ratings
- 9.8Availability15 ratings
- 8.5Performance86 ratings
- 8.1Usability100 ratings
- 7.8Support Rating99 ratings
- 8.3Online Training7 ratings
- 10In-Person Training9 ratings
- 6.4Implementation Rating28 ratings
- 8.6Configurability8 ratings
- 8.7Product Scalability15 ratings
- 7.8Ease of integration13 ratings
- 8.1Vendor pre-sale13 ratings
- 8.4Vendor post-sale13 ratings
Reviews
(126-150 of 430)- Streamlined our workflow and guides employees so that they perform our processes accurately every time.
- Increased security by only allowing employees to see what they require to perform their jobs and nothing else.
- Made a lot of our paperwork digital such as POs and invoices.
- Very cost effective. You get a lot of product for the price.
- Also has some wonderful components like HR and digital time clocks.
- Cloud solution is nice for allowing employees to work from home and moving data offsite.
- No need to do upgrades or updates with Cloud solution as Ablia handles all of it now.
- Lacks grant management.
- Excel formulas don't always convert properly when importing.
- Some reports can be limited in your ability to drill down.
- Budgeting - provides the ability to work across fiscal years as we have many federal, state and local grants that require different time periods. Once it is set up, then it works seamlessly.
- Fixed Assets - This module tracks assets and depreciation based on your input and ties this information to the GL in an effective and efficient manner.
- Report Manager - reporting is very easy as you have many canned reports that can be easily customized to your preferences. You also have the ability to segregate your reports, by name, and store in a file for your easy retrieval and use.
- Inputting the budget information can be cumbersome and difficult to understand. It took me a while to get the functionality correct.
- Understanding which input module to use for what purpose can be a little confusing. For instance Accounts Receivable has areas to input credits, receipts or manual invoices. This can be confusing at first.
- Setting up codes for new employees or clients can be confusing also as you must input this information into two different setup screens.
Complex needs? Abila MIP can do it!!
- Distribution codes help with complex allocations.
- Reports that are easily formatted to address specific audiences, including multiple languages.
- Ability to map G/L entries to the 990 format.
- Ability to import large CSV files - avoids massive data entry workloads.
- Reporting formats don't have easy previews - have to save format, go to report, and run to see preview. Some programs give a sneak peek on what it will look like.
- Adding modules becomes cost prohibitive when the module would increase use and users (licensing costs).
Abila MIP fund accounting is a top notch software program - you can't go wrong with MIP!
- By having the ability to set up the system specifically for your organization, one can customize the software versus having one that treats all companies as a cookie cutter approach.
- Fund management - tracking income and expenses for each individual grant is a must for our organization. One the other hand, it is helpful to easily merge all the data and generate consolidated information.
- It is also very easy to create custom reports and having the ability to set up filters to generate specific information.
- I would love to see some improvements in the Bank Reconciliation module. For example, being able to select/highlight multiple rows and then click the check mark to select, say, 15 rows. That would be helpful - cutting the time of having to click each row one by one.
- I would also like to increase font on the overall application. Currently I must manually increase font of certain areas. I would like to automatically increase all font sizes and have them stay within my settings as an ongoing feature.
Abilia MIP Fund Accounting from an IT manager's perspective
- Customer Service is always great.
- backups are very quick
- updates are very easy to install
- Cost effective solution for our non-profit.
- adding an invoice on the fly could be made easier
- tracking customers and purchases that they have made could be made easier
- printing mailing labels of customers for mail outs would be a great feature they could add
If you are a place where you need to produce a quick invoice then MIP Fund Accounting is not the product for you. It does not have a great point of sale attribute to it as far as producing an invoice on the fly.
If you want to bill customers at the end of the month MIP Fund Accounting is much better suited for this type of billing.
Abila Accounting for Non-Profits-Awesome!
- Reports are flexible in the choices of information you want to get. They can be easily customized to your specific needs.
- Corrections to unposted and posted entries are easily made.
- I like that the accounting and payroll are now together on the same application instead of two separate ones. Before they were combined I had to open two separate apps, one for accounting and one for payroll and keep switching back and forth between them. Now it is just the one and it is so much easier and convenient for them to be combined.
- We have employees that work different shifts and get a pay differential depending on what shift they are working. I need to do two separate paychecks for the different pay rates for those employees. It would be easier if there was a way to do a single check with the split rates on it.
- Although the reports are easy to customize there are some instances when you want certain information on a report and the choice for that information is not available for you to choose.
- You can easily reverse and copy a posted accounts payable entry, but that option is not available for checks issued in a write checks session. You would either have to do a journal entry or void the check and re-write it with the same check no. and print it on plain paper. Kind of a pain.
Fund Accounting does what it should - accounts for funds
- The ability to manage segregated funds. We have funders who fund multiple programs, and those programs have multiple funding streams. MIP handles this with surprising ease, saving us time while making sure we comply with our contracts.
- Support. The people are great, but it still takes to long to get a live person.
- Reporting and data exports. It's not terrible, but a bit more flexibility would be great. Also better handling of printers - we've had a surprising number of odd ball issues with printers.
- Better handling of Windows updates. Some of our printer issues were definitely related to Windows 7 - definitely over a year after Windows 7 had come out.
- We've had the same issues going forward, such as with Windows 10 updates.
- Also, reports - it's still too hard to get the appropriate level of detail for some reports.
- Integrations - there are things that MIP barely handles (eg purchasing) and the integration options are limited.
- Small Budget
- Simple structure - few programs, funding linked one to one to programs.
- Many government contracts (especially large ones)
- Moderately Complex funding structure.
Abila MIP Fund Accounting - An Objective view by a user.
- Reporting. I can obtain 99% of the reports I need with the reporting. It is easy to use and very flexible. Other systems require a complex reporting module that is geared towards a technical person with database experience.
- Technical support. This is the first company I have worked with that has a technical support department that truly understands accounting. If I were to call to discuss an allocation, they understand what I mean. The technical support department is very prompt.
- Interface with other products. Easily able to import/export transactions. It simplifies day to day transactions that can be entered into an Excel spreadsheet and imported into the product. We also use it to export transactions for further analysis.
- Reporting. While I love the reporting module, I would like to have access to all the tables. While this could be accessed through SQL, I am not a SQL expert. I realize this may create a more complex reporting module, but it would be worthwhile.
- Budget. Need an easier way to enter budget or import budget. Would prefer to import into the budget module directly because I prefer the module over the piece contained in the General Ledger.
- Requisitions module. Would like more robust requisitions module that I could roll out to the users. The existing requisitions module does not meet our needs.
Fund accounting for Nonprofits
- Track funding sources for grant reporting
- Track overall programs within the organization for FS and 990 preparation
- Prepare multiple P&L's and other reports
- The budgeting functions don't seem as user friendly.
Trusty MIP
- Check run processing
- 1099 Vendor management
- Routine Financials
- Cash Flow Projecting
- Forecasting for future years or current year
- Easier budget preparation and input
Newbie's Review
- Accounts can be customized just about any way you want; if you prefer using strictly numbering, or names either can be used as you like.
- Accounts receivable entries are quick and easy to input.
- Searching for information in the program is usually very easy.
- For the AP module, I have found that it would be nice to be able to change an account name. When a vendor has a name change, the only options are to enter a new account or leave it as is and try to remember what the name is in the system when an invoice comes with the new name. This also applies to our employee accounts - when someone has a name change, we can't just change the account name.
- Easy to use and implement. Even new users can get up to speed quickly on MIP Fund Accounting.
- Works well by having it on a local server in our environment where we can control access easily and have quick response times.
- Currently we are now using EFT and employee notifications which is working great
- Also using MIP Fund Accounting for W2s.
- I think it should be MAC compatible and it is not.
- The HR Management Module still has some issues and could be enhanced.
- Some of the reporting features could be better.
What You Should Know About Abila MIP Fund Accounting
- As I just mentioned, the flexibility to allocate revenue and expenses in multiple ways is probably the biggest strength.
- Very user friendly - I was able to learn the system without any formal training.
- Very stable - never have any performance issues, even with our less than cutting edge technology!
- I would like to see a way to manage prepaid expenses. Microsoft Dynamics has a module that handles deferred expenses - you tell it where to charge the expense and over what period, and it sets up the batch. Then you just review the batch and post it. Saves a ton of data entry!
- Would like to have the option to select Unposted Transactions on all financial statements. Right now it's only available on some.
- There should be an Insert Line capability in the input screens, such as the Accounts Payable Invoice entry or Journal Voucher entry. Right now the only way that I know of to insert a line is to enter it at the bottom and move it up to where you want it, and that's very awkward. You should be able to highlight the line below where you want to insert, right click and have an option to insert, similar to what you do in Excel
- MIP has the ability to be customized to your specific GL needs.
- MIP has grant tracking abilities.
- MIP lets you have record retention right at your fingertips.
- Bank rec is not a user-friendly operation, it lacks the ability for ease of use and clarity.
- MIP needs a better platform for credit card statements and reconciliation. Right now, we have to manipulate the system so we can have these accessible.
- Reporting tool needs to be upgraded. It isn't user-friendly and requires lots of training and trial and error.
Abila MIP just works
- MIP provides detailed customization to fit your organization rather than force you to use an out of the box configuration that may not suit your needs.
- MIP is easy to set up and uses industry standard SQL Server back-end so backups and restores are easy.
- MIP has good reporting options with simple customizations.
- MIP support is always available.
- More customized reporting so data exports to products like GrantVantage could be accomplished by the end-user rather than Database administrator.
- Official support for application virtualization like Microsoft App-V or VMware Thin-App so deployment is easier.
- MSI packaging for installation and updates through group policy.
- No local administrator access to install or configure application.
- Integration with Active Directory.
Abila - One Stop Shop
- The modules work well together making all necessary information available in one place.
- The Payroll module interacts with our Accounting module making financial information much quicker to analyze.
- The financial reports are easy to create and use.
- The reporting available in the HR Module is substandard compared to the Accounting modules.
- All fields are not available for all reports, causing the need to export information to combine certain fields.
- The formatting of reports is cumbersome and not user friendly.
Great product for your accounting
- Grant tracking capabilities.
- Easy chart of accounts set up.
- Flexibility with reporting.
- Cost, many smaller health centers can not afford the initial upfront expense to implement MIP.
- Not as user friendly especially when it comes to running reports, the balance dates cause lots of confusion and erroneous reports for some of our users.
review of Abila from a tech standpoint
- I like the ability to integrate this product with other existing products.
- I like the upgrade process..it isn't a large time burden and always works.
- The reporting feature using Drillpoint is nice.
- Since I deal with MIP on a purely technical aspect there really isn't anything that I have run into that needs to be changed.
An excellent accounting product for any non-profit!
- Import of accounting entries of all types.
- Managing allocations of costs.
- Integrations are limited but MIP has partnered with specific businesses to allow for some integration.
- Some may say it doesn't have a nice user-friendly feel because it is not Excel-based, but I have come to like the user interface and product.
Good for mid to large size organizations
- Reporting
- Access levels
- The interface is rather dated and hard to navigate
- It is hard to get the pages to format in a logical way
Grant and Membership Funded Nonprofit Member's Review.
- The first thing MIP does particularly well is allocations, it is excellent for slicing and dicing transactions across multiple cost centers for grant or department tracking purposes. We currently break our transactions down into Funds, Regions, Grants and of course GLs. This level of granularity is optimum for our multi-location, multi-grant organization.
- MIP also has excellent security administration. Administrative privileges are detailed enough to effectively administrate appropriate segregation of duties.
- MIP reports are very customizable and we are able to obtain an effective level of transparency by drilling down into whatever level of detail we need to research a particular issue or provide reporting for executives, the board, grant administrators, auditors, etc.
- There are several areas of improvement for Abila MIP. First of all, too much of the software is 'moduled' for additional costs. We want solutions that are comprehensive without additive fees for necessary functionality such as bank recs, payroll, and other modules.
- The membership invoicing is an extreme pain point for us, with a membership base in excess of 6000, processing invoicing can shut down our system if not completed carefully. It would be great if we could also integrate payment processing to be automated between our credit cards and the Abila software.
- A lot of the transaction processing is very onerous, particularly when certain transactions need to be reversed or when we are applying prepayments, this is mostly in the membership invoicing areas, but even needing to move a transaction across cost centers can prove challenging.
MIP Fund Accounting is very poorly suited for large volumes of transactions that need to be processed simultaneously, such as invoicing thousands of members in an individual batch.
Jackrabbit
- Recurring Entries: very helpful for those transactions that happen on a regular basis. The entries are already set up and the list is a reminder that this needs to get done.
- Entering cash receipts: it asks enough details to clearly distinguish different transactions.
- I would like to see the ability to add a 1099 classification to an entry after it is posted.
Great for Non-Profits!
- Tracks budget amounts and availability very smoothly and the reports are easy to read and utilize.
- The encumbrance tracking is excellent and makes staying on budget much easier.
- The general ledgers are easy to access and read.
- Information by funding source is easy to track and access.
- Like the 1099 coding functions.
- Payroll module is too complex and requires too much duplication of information input. This is the most confusing system I have ever utilized. It needs to be streamlined and duplications removed. Some information has to be entered in 2-3 locations, much too time consuming and easy to overlook.
- The payroll tax reporting is very much outdated-have worked with much cheaper software that did a much better job of processing tax returns and W-2/W-3's.
- While we like the accounting, we would certainly like to switch the payroll system for something better.
- Drill-down ability on the GL would be nice.
New User
- MIP provides import capabilities for payroll and labor so that it doesn't have to be manually entered. This in turn provides reporting for yearly audits.
- MIP's General Ledger reporting function provides a way to pull specific information on accounts, which in turn makes it easier to review accounts for reconciliation and correction when needed.
- MIP provides Bank reconciliation, which makes the monthly reconciliation more efficient and effective in discovering discrepancies.
- It would be nice if MIP worked more like an Excel spreadsheet, where lines could be easily added to entries and the entries could be sorted on more than one heading.
- It would be nice if the MIP didn't keep you from accessing other programs (Excel, Word) when in the report module.
Simple but effective
- Run comparative financial statements (budget versus actual).
- The ability to drill into report lines to find out more details about the entries.
- Automate the recurrent transactions and reduce manual entries.
- Customize reports.
- Integration with other software.
- The ability to reverse posted transactions.
- More user-friendly.