MIP Fund Accounting Reviews

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Score 7.9 out of 100

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Reviews (1-25 of 278)

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

Effectiveness at Managing Multiple Fund Sources

As an accounts payable accountant, I think that MIP Fund Accounting does allow the ability to manage multiple funds from multiple sources in a time-saving, efficient manner. For A/P purposes, the ability to see what the budget staff recommends in terms of fund coding, which often includes a combination of fund types, by the time the invoice is ready to be paid allows the accounting staff to compare funding sources for the payment.
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Kayla Klinger | TrustRadius Reviewer
January 15, 2019

I recomend Abila!

Score 9 out of 10
Vetted Review
Verified User
Review Source

Effectiveness at Managing Multiple Fund Sources

Our agency does have multiple funds from multiple sources and we are able to track and manage them effortlessly. We have an external financial audit done each year and Abila allows me to provide the auditors information quickly with customized expanded general ledger reports. It is also convenient to use the drill down feature on financial reports to see what makes up the figures or to use the Account Balances activity window to search activity by different account filters.
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David Gerber | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Effectiveness at Managing Multiple Fund Sources

Abila allows us to manage over a 100 separate grants. We are able to generate separate financial statements and balance sheets for each grant. Our funding sources are able to track their grant expenses easily in the system.
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Joan A. Cox, CMA CPA | TrustRadius Reviewer
January 18, 2019

MIP Saved The Day!!!

Score 10 out of 10
Vetted Review
Verified User
Review Source

Effectiveness at Managing Multiple Fund Sources

We have definitely achieved the benefit from MIP's design for managing multiple funds from multiple sources as well as across fiscal years. We have two grants currently and one contract that all have different grant budget/contract periods. Comparisons to budget can be performed for each independently and by our agency's fiscal year for audit purposes. This helps us to comply with grant or contract regulations,
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Louise Johnson | TrustRadius Reviewer
January 15, 2019

Track like a Pro

Score 10 out of 10
Vetted Review
Verified User
Review Source

Effectiveness at Managing Multiple Fund Sources

It has been a wonderful tool to manage all the different funding sources and grants. We have many divisions and those divisions have multiple funding sources within that division. MIP helps us track not only within the division but by the specific grants also.
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Chanette Oeser | TrustRadius Reviewer
January 15, 2019

Abila - One Stop Shop

Score 7 out of 10
Vetted Review
Verified User
Review Source

Effectiveness at Managing Multiple Fund Sources

We do not have a current need for multiple funds tracking at the current time. It may have been used previously, but since our government funding has changed it is no longer necessary for us. We have gone from primarily Grant funding to Fee for Service funding making the need for multiple funds obsolete.
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Anonymous | TrustRadius Reviewer
January 18, 2019

Newbie's Review

Score 9 out of 10
Vetted Review
Verified User
Review Source

Effectiveness at Managing Multiple Fund Sources

As a non-profit, we receive grant money that has to be tracked very closely. Each grant has its own code so it can be tracked from receipt to use - with the balance remaining easy to retrieve before purchases are made; departments receiving grant funds can get the information they need for budgeting quickly and accurately.
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Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Effectiveness at Managing Multiple Fund Sources

Yes, we have multiple sources of funds within our organization and the benefit is tremendous and now we are able to track these funds. The reporting by fund is intuitive and creates a very seamless process. We are able to create income statements and balance sheets by fund type and use this for making management decisions within our organization.
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Erich Koch | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Effectiveness at Managing Multiple Fund Sources

Our organization has achieved this objective with MIP via the creation of multiple Revenue/Fund codes in which the various grants are kept track by. We have about 10 grants and are able to run financials for each grant individually or consolidated.
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Ryan Husbands, MBA, CPA | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User
Review Source

Effectiveness at Managing Multiple Fund Sources

I suppose so. There is a lot of functionality of Abila that we do not use...I don't find the interface particularly intuitive to be honest. We do use Abila to keep track of our financial assets in terms of the grants and scholarships we award on an annual basis, but perhaps not to the extent that we could. I do think we could do a lot more, and I think that perhaps Abila's support could've helped us better use the software's functionality in this regard.
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Maryann Freepartner | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

Effectiveness at Managing Multiple Fund Sources

I believe we have a good handle on the spending under our grant programs by using Abila MIP Fund Accounting. We can filter results by grant or program for easy monitoring and reporting, in multiple reports that give a big picture and detail pictures.
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Luis Godoy | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

Effectiveness at Managing Multiple Fund Sources

It is very effective in keeping track of our different funds, locations, and GL accounts. By entering data and recording location codes and fund accounts in our transactions with MIP, we can later create custom reports that can arrange this date into multiple informational reports that can be extracted in seconds.
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Jeffrey Chapman | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Effectiveness at Managing Multiple Fund Sources

Absolutely!


This may be the single best feature of MIPS. Separating Funds is an absolute requirement for a nonprofit organization that receives Restricted funds from different sources. This process is easy with MIPS.


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Anna Lee | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

Effectiveness at Managing Multiple Fund Sources

Yes, we are able to track funding sources through the funder code field. Because it is customizable and we are not just restricted to numbers, it makes it easier to remember that CARN is from the Carnegie Corporation. it is easy to find the different funding sources of a program by choosing program as a filter, but including funder code as part of the report output.
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Jacien Squires | TrustRadius Reviewer
Score 5 out of 10
Vetted Review
Verified User
Review Source

Effectiveness at Managing Multiple Fund Sources

MIP does very well at tracking multiple funds and sources. It took us a couple tries to get things setup properly, however. The system structure cannot be modified once it's setup, so if anything is amiss, you have to start over from the beginning with a new database. Once things are setup correctly, it's fairly easy to track evertything and things run pretty smooth.
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Shirley Merrick | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Effectiveness at Managing Multiple Fund Sources

We have funding sources that require that we breakdown funding from them by titles. The ability to structure the chart of accounts to make this possible is available thru Abila and has proven to be invaluable. For example we receive funds from the state unit on aging - Older Americans Act funding; state funding, department of labor funding, etc. The Older Americans Act funding is broken down by Title i.e., IIIB, IIIC,IIID,IIE. The state unit requires that we track and report out on all of these separately. Structuring of the chart account makes this possible.
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Feature Scorecard Summary

Pay calculation (122)
8.5
Benefit plan administration (87)
6.4
Direct deposit files (103)
8.7
Salary revision and increment management (93)
7.3
Reimbursement management (72)
6.7
API for custom integration (76)
7.3
Plug-ins (50)
7.9
Single sign-on capability (221)
8.9
Role-based user permissions (268)
9.1
Dashboards (152)
7.4
Standard reports (289)
8.2
Custom reports (282)
8.1
Accounts payable (301)
8.5
Accounts receivable (211)
8.3
Cash management (193)
8.0
Bank reconciliation (269)
8.5
Expense management (214)
8.5
Time tracking (79)
6.8
Fixed asset management (127)
7.8
Multi-currency support (31)
7.9
Multi-division support (118)
8.8
Regulations compliance (91)
8.7
Electronic tax filing (143)
8.4
Self-service portal (91)
7.7
Standardized Processes (16)
7.2
Inventory tracking (1)
7.3
Automatic reordering (1)
1
Location management (2)
7.7
Manufacturing module (1)
1
Pricing (50)
6.4
Order entry (51)
7.3
Credit card processing (2)
2.5
Cost of goods sold (2)
2.7

About MIP Fund Accounting

MIP Fund Accounting™ is a configurable fund accounting solution that allows you to report and track information that is most important to you, your board and your supporters. According to the vendor, the solution can change and grow with you through your most difficult of fund accounting, human capital management and payroll decisions alike.

MIP Fund Accounting™ exclusively serves the financial management and fund accounting needs for thousands of nonprofits and government agencies. MIP™ has received the Campbell Award for several years in a row. The company focuses on your long-term needs, and allows you to custom design your system to enable you to manage effectively, get timely information, streamline processes and provide strong controls.

MIP™ is a fully integrated system with comprehensive functionality including fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, dashboards, and more. The flexible structure enables you to manage and report on multiple cost centers at the general ledger level including multiple organizations, funds, projects, grants, programs, departments, locations, etc. The product can be deployed on-premise, in the cloud or self-hosted. Separately, you choose whether you would like to purchase/own the system or if you would like to pay by subscription.

MIP Fund Accounting Features

General Ledger and Configurable Accounting Features
Has featureAccounts payable
Has featureAccounts receivable
Has featureCash management
Has featureBank reconciliation
Has featureExpense management
Has featureTime tracking
Has featureFixed asset management
Has featureMulti-currency support
Has featureMulti-division support
Has featureRegulations compliance
Has featureElectronic tax filing
Has featureSelf-service portal
Does not have featureGlobal Financial Support
Does not have featurePrimary and Secondary Ledgers
Does not have featureIntercompany Accounting
Does not have featureLocalizations
Does not have featureJournals and Reconciliations
Does not have featureEnterprise Accounting
Does not have featureConfigurable Accounting
Does not have featureCentralized Rules Framework
Has featureStandardized Processes
Inventory Management Features
Does not have featureInventory tracking
Does not have featureAutomatic reordering
Does not have featureLocation management
Does not have featureManufacturing module
Order Management Features
Has featurePricing
Has featureOrder entry
Does not have featureCredit card processing
Does not have featureCost of goods sold
Does not have featureOrder Orchestration
Does not have featureEnd-to-end order visibility
Does not have featureOrder exception Resolution
Payroll Management Features
Has featurePay calculation
Has featureBenefit plan administration
Has featureDirect deposit files
Has featureSalary revision and increment management
Has featureReimbursement management
Reporting & Analytics Features
Has featureDashboards
Has featureStandard reports
Has featureCustom reports
Customization Features
Has featureAPI for custom integration
Has featurePlug-ins
Security Features
Has featureRole-based user permissions
Has featureSingle sign-on capability
Does not have featureMulti-factor authentication
Has featureUser-level audit trail

MIP Fund Accounting Screenshots

MIP Fund Accounting Competitors

MIP Fund Accounting Support Options

 Paid Version
Phone
Live Chat
Email
Forum/Community
FAQ/Knowledgebase
Social Media
Video Tutorials / Webinar

MIP Fund Accounting Technical Details

Deployment Types:On-premise, SaaS
Operating Systems: Windows
Mobile Application:No