MIP Fund Accounting

MIP Fund Accounting

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Score 8.3 out of 100
Top Rated
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MIP Fund Accounting

Overview

Recent Reviews

Great product, great price

10
May 14, 2022
I use MIP Fund Accounting to manage the finances of a multi-county library system. I use the system for the whole cycle of business …

MIPleased!

8
May 14, 2022
We use MIP Fund Accounting for our HR and Accounting functions. We run a lot of reports using the MIP Fund Account. Sometimes the reports …
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Abilia for nonprofits

10
May 12, 2022
We use the product to track all financial activities in the nonprofit. We use accounts payable, accounts receivable, and the general …
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MIP is Adequate

2
May 02, 2022
It can handle multi-segment accounting strings and fund accounting.
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MIP know what it’s doing

10
April 29, 2022
I use it to control all accounting needs. I run payroll for 2 different company processing groups. It makes our finances easy so we can …

The good, the bad, and the ugly

2
April 27, 2022
We use MIP Fund Accounting daily as our primary tool to manage our accounts. We have approximately 50 active accounts at one time and …
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MIP Works for Non-Profits

10
April 08, 2022
We use it for our payables, our payroll, our receivables, reporting, budgeting. It's nice to have all aspects of accounting under the same …

MIP-one of our best choices!

10
April 06, 2022
MIP Fund Accounting is our sole accounting software from AP, AR, budgeting, and general ledger. It allows the use of grant tracking …

MIP for non-profit accounting

8
April 05, 2022
We are a non-profit organization, and we use MIP for our GL, AR, AP, fixed asset depreciation, and monthly allocation of shared costs. We …

Great for Grants!

10
March 30, 2022
Having a robust system of codes allows us to track the type of funding (federal, state, earned/private/other), restrictions, grants, …

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Awards

TrustRadius Award Top Rated 2022
TrustRadius Award Top Rated 2021
TrustRadius Best of Award, Best Of Feature Set 2021

Reviewer Pros & Cons

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Video Reviews

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Pricing

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Entry-level set up fee?

  • No setup fee
For the latest information on pricing, visithttps://www.mip.com/request…

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

Starting price (does not include set up fee)

  • $249 per month

Features Scorecard

No scorecards have been submitted for this product yet..

Product Details

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 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 Advance™ Dashboards with drilldownMIP™ Transactions WorkflowMIP DashboardsMIP DashboardsMIP Dashboard drilldownMIP TransactionsMIP Budget WorksheetMIP ReportingMIP Audit Trail  and SecurityMIP PortalMIP Fund Accounting

MIP Fund Accounting Competitors

MIP Fund Accounting Technical Details

Deployment TypesOn-premise, SaaS
Operating SystemsWindows
Mobile ApplicationNo

Comparisons

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Frequently Asked Questions

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.

How much does MIP Fund Accounting cost?

MIP Fund Accounting starts at $249.

What is MIP Fund Accounting's best feature?

Reviewers rate Product Scalability highest, with a score of 10.

Who uses MIP Fund Accounting?

The most common users of MIP Fund Accounting are from Mid-sized Companies (51-1,000 employees) and the Non-profit Organization Management industry.

Reviews

(1-25 of 278)
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Wesley Bond | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
MIP is very flexible and can be customized to your specific industry and needs. Would work well for a medium sized non-profit for tracking multiple funds and sources. And any module you buy for MIP was actually developed by them so it doesn't end up a hodge podge mess like other competitors. It has allowed us to customize everything based on our needs from managing funds to sources.
Score 9 out of 10
Vetted Review
Verified User
Review Source
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.
Score 10 out of 10
Vetted Review
Verified User
Review Source
We have multiple programs and multiple funding sources. We also have multiple sites, many with shared aspects. MIP is able to address these with ease through their distribution codes that we heavily utilize.
Score 10 out of 10
Vetted Review
Verified User
Review Source
Our organization has achieved the benefit of managing multiple funds from multiple sources. Currently we have 28 different funds that we manage, with a few more coming down the pike. To date, we've had 118 different funds tracked within our system. Another benefit is having access to customer support. MIP support team is easy to access whether online through the knowledge base, through the system's help feature, or by calling and talking to support staff. MIP makes it easy to access information - if you aren't sure how to do something it is easy to find out how.
Tony Lamm | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
We are currently able to track funds from multiple sources. Our major improvement to the software would be to have better reporting of the customers. The current system does not allow for printing of something as simple as labels, nor the ability to produce an email integration into sending to existing customers.
Score 9 out of 10
Vetted Review
Verified User
Review Source
This has been our primary reason for using MIP. The fact that all transactions can be coded to reflect funding streams, department, etc., makes this reasonably doable.
August 12, 2020

Newbie's Review

Score 9 out of 10
Vetted Review
Verified User
Review Source
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.
Donavan Lam, CPA | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Review Source
Yes MIP has allowed us to do that very effectively. We have over 50 funding sources that needs to be tracked annually. MIP allows us to track the expenses properly in addition to ensuring the reporting is being done in a timely manner. The Accounts Receivable module has made our reconciliation process very efficient especially with our large funding portfolio.
August 11, 2020

Abila - One Stop Shop

Chanette Oeser | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Review Source
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.
Score 8 out of 10
Vetted Review
Verified User
Review Source
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.
David Gerber | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
MIP 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.
January 18, 2019

MIP Saved The Day!!!

Joan A. Cox, CMA CPA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
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,