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 and Ratings
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Reviews
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September 16, 2016
Abila MIP Positive Review
Yes this has been a great feature in MIP. We can track all of our grants whether restricted or non-restricted. We also are able to have multiple companies within our organization and that helps keeping our HUD homes in a different area.
September 15, 2016
First time user review
Yes we have multiple funds and utilize the software t manage them.
September 15, 2016
IT opinion on accounting softare
I believe accounting is happy with the software.
September 13, 2016
Small Organization, Big Accounting Software
We're a small organization that doesn't utilize many multiple funds. For the few that we do use, MIP Fund Accounting is easy to use and makes managing them a breeze.
September 13, 2016
MIP review by a Community Action Agency
The use of segments in our accounting codes allows us to track revenues and expenses in a number of ways. We use the dates of the contract for reporting purposes in order to track all of our grants and contracts according to their individual time lines.
September 13, 2016
Ability of Abila
Yes, we have been able to create multiple funds and generate reports accordingly.
September 13, 2016
MIP review
We manage multiple funds (grants) from different private and government agencies. MIP works very well in our environment for tracking and managing revenue and expenditures in each fund.
September 13, 2016
A Robust Solution
Consolidation of all books and better management of cash flow with reporting.
September 12, 2016
Multiple funding and cost programs used.
Our organization has multiple funding sources of varying degrees and amounts, as well as numerous cost/expense centers. We are able to accurately keep track of the complicated fund accounting transactions with MIP.
September 12, 2016
Abila for small non-profit with three divisions
Our organization successfully uses MIP to manage multiple funds from multiple sources. We complement MIP's functionality with Excel spreadsheets to allocate expenses by funder on a monthly basis, rather than having to decide in the moment of expense payment to which funder the expense will be allocated.
September 12, 2016
Mip user for 8 years.
Yea we have been positively influence by using MIP. As stated earlier, I think the grants module could have done more to help with multiple grant fundiers.
September 09, 2016
Nonprofit software - nailed it.
Yes, it's helpful to have our departments separated, and to be able to track grants and track revenue sources. It's also helpful to have more detail of our GL.
September 09, 2016
Abila Review
This does allow us to track sources of funds and grants.
September 09, 2016
Abila MIP Fund Accounting - Great for Non-Profits
MIP Fund Accounting has allowed us to properly manage the funds we receive from multiple funding sources. Our chart of accounts is broken down by general ledger code, grant code, program code and personnel code, which allows for revenue and expenses to be properly tracked by funding source. Also, the reporting features in MIP are endless, allowing for reports to be customized to each funding source.
September 09, 2016
Mip Fund Accounting - Growing with Abilia
Our organization has 33 entities. MIP Fund Accounting allows us to track each entity individually or as a whole. We can provide compliance reports with increased accuracy to multiple agencies. We receive funds from many public and private sources and MIP Fund Accounting allows us to track them all. We have also been able to increase accuracy by using the import features available.
September 09, 2016
Beware poor database implementation issues.
I'm aware that Finance has to manage multiple funding sources but I am not aware of any specifics of how MIP makes this easier or more difficult than it would otherwise be.
September 09, 2016
GoFundAmerica with Abila MIP
No, we use enterprise [software] to deal with this area.
September 08, 2016
Overall in MIP
Yes, we have been able to manage multiple funds from multiple sources for each of the seven programs we oversee.
September 07, 2016
Abila Fund
We don't keep track of multiple funds at this time.
September 07, 2016
MIP Fund Accounting is So So
Yes, because we can allocate and track multiple sources we can plan appropriately.
September 06, 2016
Abila is great for multiple funding sources and periods.
YES! This is by far the most important aspect of MIP for my use. We have about 10 different funding sources. I don't know how we would survive it we couldn't tract the multiple funding sources. And also, our grants all have different reporting periods, so we can report outside of those parameters, which is great!
September 02, 2016
Review at a Glance
Yes, we are able to manage multiple funds through the different segments. It has worked well.
September 02, 2016
Abila Review
We are able to manage multiple funds
September 02, 2016
Loving Abila
We set up MIP without funds - our big mistake.
September 02, 2016
Non-profit grant-making point of view
Yes! That is why we moved to MIP. So far this year we have received significant funding from two different sources requiring different tracking requirements. We have two more strongly potential multi-year grants pending. Being able to track the expenses based on each grant and fund is critical for efficiency of reporting. Efficient for not just the accountant, but program staff so needless time isn't spent tracking data in excel.