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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MIP Fund Accounting Video
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
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October 28, 2016
Very good program for Non-profits
We are a non-profit agency that has many multi-year projects. It has now been a couple of years since we moved to MIP and we are quite happy. Our team adapted to the new system quickly and our implementation was fairly painless. Information that was in multiple programs is now converged in one, saving time and frustration. I believe this goal has been met successfully.
October 28, 2016
Long-time user of Abila MIP Fund Accounting
I am not certain if our accounting/finance department utilizes this feature of MIP Fund Accounting.
October 27, 2016
I so not recommend Abila MIP Fund Accounting
I cannot find a benefit to a program that manages multiple funds from multiple sources but cannot interface with other softwares, provide any kind of standard reporting or books cash disbursements to a general pool regardless of fund. This product sucks. I have never been so disappointed in a product before.
October 27, 2016
Abilia MIP Fund Accounting Keeps You Accountable
We have multiple funding sources where we track revenues and expenditures separately as well as keep separate balance sheets for each program. We are able to stay in compliance with each grant's requirements because of this ablility.
October 26, 2016
Looking at Abila
Not particularly. Income is entered by the client staff on an Excel spreadsheet and then it is rekeyed into MIP so the executive directors can see it in their particular division. MIP should have some sort of data mining and integration with the donors program so that data needs to be just keyed one time for both tracking donors and general ledger reporting.
October 25, 2016
Abila MIP Fund Accounting Review
It has been successful in tracking our many streams of income. We track the income from three different streams.
October 25, 2016
Meets your requirements whatever that may be
We have achieved this benefit.
October 24, 2016
Good solid product
We have multiple cost centers with different years, MIP allows us to set up different cost code combinations and track each cost center. It's easy to close a cost center or set up dates that the cost center cannot be used past.
October 21, 2016
Abila MIP Fund Accounting drives decision making
We use the allocation module features to automatically allocate the gains and losses of our endowment to over 500 funds. We also maintain six operating funds making intercompany borrowing easy to track, manage and address.
October 21, 2016
Smaller TDHE Use of Abila MIP
We don’t use MIP’s Fund Accounting to its fullest capabilities, but it has helped us track our various funds in a way that is useful. We have also been able to easily add additional funds as needed. It integrates fairly easily with other software programs as well.
October 21, 2016
MIP Financials Reports are Awesome
We can track different funds from different sources. We can track expenses very well. The amount of detail by grant, location, department and project is very good. We are able to run reports for all funding requirements. The reports can be saved and be run every month depending on the requirements.
October 18, 2016
Saving time is saving money - Choose Abila
As a nonprofit organization, we do receive funds from multiple sources. The chart of accounts allows us to set up many different codes so we can track funds from various sources. This has been a very helpful tool not only in entering the information but when it comes time for reporting as well.
October 18, 2016
MIP is great!!!
Yes, we definitely have benefited from MIP for managing multiple funds. Not sure how I would do without it.
October 17, 2016
MIP Fund Accounting Works for ME!!!!
Yes, we have created multi "locations", where a location is a fund and we code all revenues/expenses to that Program/Location. Pulling canned or DIY reports is easy to do.
October 14, 2016
We are Abila
At this point we have not connected it to different sources
October 14, 2016
Abila MIP Fund Accounting in the Human Services sector
Most of our funding comes from one source - the State of Connecticut Department of Developmental Services (DDS). We are required to do a detailed annual cost report that displays costs in over 20 cost centers. MIP Fund Accounting streamlines the process of producing the numbers for this cost report. Some of our other funding comes from foundations. Each foundation has a specific financial reporting requirement that entails cost center reporting. In addition, some foundation grants cover a period that is not the same as our fiscal year. The software allows us to capture financial data across fiscal years.
We are a non-profit organization and we are all using MIP successfully.
October 11, 2016
MIP Review
We have different funding sources and it is easy to track the revenue and expenses by fund. It is also easy to get reports for one fund at a time or combined reports for the whole organization.
October 11, 2016
This is a great product
Yes I have about 30 different funds and it works extremely well.
October 11, 2016
MIP fund Accounting Review
Yes, the organization receives multiple funding from multiple sources over multiple years and the data entry and reporting out works great.
October 11, 2016
Abila MIP Fund Accounting to the rescue.
Yes, we have multiple grants that we manage with MIP through a series of grant codes and location codes we use to track payments with. Using these codes we are able to disperse funds with the knowledge that the proper grant will be charged for their percent of the cost of an item or service.
We have benefited by using a lot of the features and be able to gather our information at a moments notice. My supervisor can request certain info and with the ease of the program you can go in and after a few tries get exactly the information you need. The flexibility...wow.
October 10, 2016
Abila Bonus!
We do not have mutliple funds from multiple sources to manage.
October 07, 2016
How MIP fund accounting works for us
Our company is a nonprofit organization that receives at least 50 grants a year that we need to track each of the budgets. We no longer have to keep Excel spreadsheets on each of these grants to provide project managers the financials for each grant. We are able to print them a report for each client and what funds support each of our clients needs. We can print reports on a specific project, what clients are associated with that project and what grants funded that project. Meanwhile, in our smaller companies, our property management company, and our retail store can still utilize MIP Fund Accounting. We don't have to purchase multiple software.
October 07, 2016
MIP is functional but not always useable
We have used this functionality and it has been adequate for our reporting. I appreciate that you can easily filter reports based on individual funds which makes reporting easier.