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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MIP has successfully helped us manage different funds from multiple sources.
October 06, 2016
Calling all MVP's: Use Abila MIP!
MIP has helped us manage multiple funds from multiple sources. It helped us better organize where our revenue sources were coming from and helped us track what the most effective methods were for acquiring new funding.
October 05, 2016
Best in class
We can track grants, funders and separate our endowment funds from operations while maintaining full reporting capability without using spreadsheets.
October 05, 2016
Abila for nonprofit
We never use this feature but I'd like to learn about it since we are managing different grants this year.
October 04, 2016
One-Stop Shop for all your needs!
Our company does use MIP to manage multiple funds from multiple funding sources, both federal and state, and it has the functionality to do this efficiently and effectively. Once you have a good training background, it is easier to convey the data the way management wants it and MIP makes it easy to do so.
October 04, 2016
Incredible Reporting.
The ability to set up so much diversity with funds and taxonomies and locations allows us to create so many useful levels of data and reporting.
Reports can be set up to pull information specific to the grantors and you are able to save multiple reports so that you aren't having to recreate the wheel each time.
Reports can be set up to pull information specific to the grantors and you are able to save multiple reports so that you aren't having to recreate the wheel each time.
October 03, 2016
No regrets!
We thrive using MIP to manage multiple funds from multiple sources. We are able to provide auditors with what they want easily.
September 30, 2016
I really like Abila MIP Fund Accounting
We have not successfully navigated an acceptable reporting for our different programs.
September 29, 2016
One of the Best Fund Accounting Program
MIP Fund Accounting has helped us to manage our financial resources, not only on day to day basis but also monthly and annually on a timely basis.
September 27, 2016
Easy Peasy MIP
Yes, we are able to set up multiple funds by adding GL accounts and/or new categories to suit our needs.
September 27, 2016
Abila Gives Non-Profits the Ability to Keep Financials on Track
We currently have a decent number of grants that are active. We are able to classify them as needed and can produce the monthly reports needed to ensure accuracy and verification.
September 27, 2016
Reliving the 90's
We are using a separate grant management solution which does not integrate with MIP. As a result we have built custom interfaces that directly update MIP tables( a bad practice) to get around the lack of open APIs.
September 27, 2016
Pleased with MIP!
The software does make it easier to use and track multiple funds.
September 26, 2016
Abilia - Take It or Leave It.
We are starting to use this feature more each month as I become more familiar with all that the software can do. We are still in the process of fully benefiting from this feature.
September 23, 2016
Limitations of the Abila MIP Fund Accounting System
it has been okay in allowing for multiple coding options to identify funders that pay for specific expenses. We have multiple funders that fund particular grants that we issue to third parties. The system has been good in allowing us to code those expenses to the specific project as well as indicate a report code to identify the funder of that grant expense.
September 22, 2016
Abila in a non-profit world
We have. Our previous software package (MS Access backend) was able to do the same [manage multiple funds from multiple sources]. The primary benefit is the comparatively easier learning curve that has allowed other staff to directly monitor their funding streams.
September 21, 2016
Out of the Dark Ages
MIP has brought us out of the dark ages.
September 21, 2016
Review of MIP.
- Designation of revenues and expenditures for 25 - 30 programs, within 5 - 10 funding sources.
- Sub codes are use to designate between 5 counties in one program.
September 20, 2016
Thorough Review of Abila MIP Fund Accounting
MIP Fund Accounting has improved our grant tracking and reporting.
September 20, 2016
Helps a small clinic
There are numerous benefits that we are not currently using. Maybe in the future we can utilize more of the product features.
September 16, 2016
Thumbs up for Abila MIP
Yes we have. Our CFO has been able to use MIP to manage our grants and donations
September 16, 2016
ABILA SOFTWARE INSIGHT
They receive monies from different outsides sources and it seems to help them keep in their proper place.
September 16, 2016
MIP for fund accounting
MIP does a great job of handling fund accounting. It is the primary purpose we purchased MIP.
September 16, 2016
Accounting made easy.
Yes we have. Being able to run our reports to track expenditures on each of the grants we have has been wonderful. Not having to use spreadsheets has saved us lots of hours in labor. We currently manage more than 30 grants and tracking all expenditures used to be a major undertaking. Doing allocations was another problem we had with the old accounting program. Now we can set all of those up and since we base allocations on the labor distribution, it has streamlined our work.
September 16, 2016
solid program for non-profits
I believe MIP is very helpful with distinguishing spending related to different grants. There are plenty of filtering options to analyze direct expenses related to the grants and a good allocation module for indirect expenses.