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
(821)Attribute Ratings
Reviews
(201-225 of 277)Companies can't remove reviews or game the system. Here's why
August 15, 2016
Abilia MIP Fund Accounting is User Friendly
We have over 12 funds and have more over the years. The reporting is easy and you can run several reports with different levels of information
August 15, 2016
Abila Review
We have not utilized this and likely could explore it further. However it has not been our largest concern so it still sits in the middle of the pack for priorities of areas to look into.
August 15, 2016
I am learning to love MIP
Yes we are slowly achieving this. We have three grants and this was the first year that we assigned each grant a different fund. Before we used one fund and different functions to manage two grants but this works a lot better and reporting and expense tracking are much better The board prefers this.
August 12, 2016
Abila MIP Fund Accounting puts the Fun in accouting
We use MIP to manage multiple funds; however, the revenue sources for contracts, grants, etc., are managed in Excel.
August 12, 2016
Fund Accounting
We have upward of 80 grants and contracts to manage and the fund accounting function is well suited to the volume of funds we use. Reporting and budgeting can be a challenge with this many funds.
August 12, 2016
Reliable.
It helps us track and give separate reporting on all grants and spilt the different costs to each grant names and numbers.
August 12, 2016
Thanks to MIP
Managing multiple funds and funding sources is MIP's greatest asset as far as I am concerned as you can tell by my previous comments.
August 12, 2016
Abila MIP Review
Yes it has helped. We have a number of funds for different projects and MIP helps manage them effectively.
August 12, 2016
MIP for senior centers
Yes, we are able to track many funds and multiple funding sources. We use the fund codes to help keep track of each of the grants and their beginning and ending dates.
August 12, 2016
Thumbs Up Abila
I don't handle this portion of the accounting, so Im not sure if its success
August 12, 2016
Abila/MIP for Nonprofit Fund Accounting
I believe that this was the precise intention of my predecessors when they decided to use MIP. This was ideal for managing multiple funds. The new administration is attempting to reduce the complexity of fund accounting and consolidate the number of funds in use, but I believe that MIP will accommodate this purpose, as well.
August 12, 2016
A great alternative for a non-profit organization
We have been able to keep track of the different grants designed to different programs. It has helped to provide donors with excellent reports of their donations.
August 10, 2016
The ABCs of reviewing - (A)bila (B)elongs in my (C)ompany
We are an organization that receives multiple funding from multiple sources and agencies. This product helps us to keep track of each individual expense and each individual cash receipt by each specific grant.
August 10, 2016
Abila
We have 3 different entities using MIP with different EIN's and Charts of Accounts but have been able to produce reports for all 3 of them. Also, we are using Offset Transactions for Inter-Agency transactions which we do a lot. MIP Accounting is good in doing Offsets that saves time to enter everything.
August 10, 2016
MIP at a glance
Fund management has been very helpful and the ability to track restriction is also a very positive function of the software.
August 09, 2016
REPORT ANYTHING AND EVERYTHING WITH MIP
We are more of a PROFIT organization and although we don't have multiple sources of fund, we are able to use the multiple feature for monitoring other types things like per engine, per department etc.
August 09, 2016
MIP Fund Accounting - Great Product
This is the main reason we have this system and it works well for us.
August 06, 2016
Abila MIP Fund Accounting most suited for small non profits
August 06, 2016
MIP friend or foe?
yes, if can accommodate multiple funding sources and programs
August 05, 2016
Abila is great!
Yes, our organizations receives federal, state, city, county and private grants from over 20 different organizations. We also receive special designated donations. This always us to separately track expenses, as well as revenue, associated with these different revenue streams. It also always us to track income/expenses from our various special events throughout the year. I actually can't imagine doing business the way we do without this.
August 05, 2016
Abila MIP Fund Accounting stands above the rest!
Our non-profit organization has, for the most part, achieved the benefit of managing multiple funds from multiple sources. Our organization receives investments and/or in kind gifts from numerous investors and other contributions from financial partners on a project by project level, and thankfully MIP Fund Accounting has the ability to aide the tracking of multiple incomes sources from different sources.
August 05, 2016
covers all the bases
We use MIP to manage several funding scenarios:
1. Single funder for a single program
2. Single funder for multiple programs
3. Multiple funders for a single program
4. Membership supported publishing operation
All work well and support overall reporting and compliance.
1. Single funder for a single program
2. Single funder for multiple programs
3. Multiple funders for a single program
4. Membership supported publishing operation
All work well and support overall reporting and compliance.
August 05, 2016
Abila is good for grants
The primary benefit we have gotten from MIP is the detailed reporting. As long as the information is entered with detail we can pull reports very specifically. The detail has been fantastic for grant reporting, and some of our grantors have specifically commented on how our detail is better than many they get from other grantees.
August 04, 2016
Small School Approach
Our foundation is able to manage multiple funds from multiple sources. We do utilize outside resources to assist with the tracking and management of the funds to ensure simplicity with the end user.
August 04, 2016
Fund Accounting Solution!
It does this well.