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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Product Details
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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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April 25, 2023
MIP Does the Job
Quick Books
April 21, 2023
I do indeed like it a lot :)
I have not used any other accounting software products.
April 19, 2023
MIP is the best there is!
Compared to other software I've used, MIP is by far the most user friendly and easiest to operate that've I've seen. Reports are easy to run, and I love being able to narrow down the information to only pull specific items.
December 08, 2022
Great product that is easily customizable.
The HRA used RealPage (I'm not sure if it is actually the one listed above), and it did not work well. I'm not sure if it wasn't set up well, designed for larger property management companies, or just not good software, but it did not suit our needs at all. We chose a different property management software and MIP for our accounting. We used Quickbooks for Heartland Lakes, but as our business is expanding and we needed a better true fund accounting software, we chose AccuFund to start with, but it was difficult to get set up how we needed. We did not trust the information we were getting out of it, and it wasn't easily customizable to what we needed. We canceled that software and chose MIP.
November 21, 2022
Good Product for the Money
We are in the very first stages of looking at alternative accounting software. Abila MIP Fund Accounting was implemented at our organization before I started and our organization has now outgrown the system.
September 13, 2022
MIP is good if you know how to use it.
June 29, 2022
Healthcare? Grants? Departments? Budgets? YES!
I have been at this position for 7 years and don't feel like I am in a position to compare the products.
June 25, 2022
Bang for your buck
I have been using Abila for a long period of time and would not want to move to other product.
MIP Fund Accounting brings flexibility and automation to our operational workflow processes. The budgeting solution helps a ton with how it's laid out. Yearly updates and when they should be updated are clear and the time frame to get it updated is reasonable, and very simple from an IT perspective. It's been a great tool for us!
June 08, 2022
Would like to see more free training provided
They did not have NXT when we began with Blackbaud. While it also had its problems, it had some things that I liked better and some not so much. I think that is true with all integrated systems.
June 03, 2022
I love using MIP Fund Accounting
I've also used AS400. I like all 3 programs, but MIP Fund Accounting is the first fund accounting program I've used and I love it. I've seen other FA software, but they don't compare to MIP Fund Accounting.
May 25, 2022
MIP Love!
I have not used a different accounting system in my career, so I cannot compare. But I can say that MIP has given me everything I need to be successful in the fiscal management of our multi-million dollar non-profit operations.
May 14, 2022
Great product, great price
MIP Fund Accounting was a more cost-effective solution. I did not like that Blackbaud was not developing an integrated payroll module for NXT.
May 14, 2022
MIPleased!
I used Pentamation at a previous employer, as well as One Solution - I think those are both Sungard products. I liked both of them. I don't think creating reports was very easy with One Solution, but I used Cognos with the Pentamation and it was fairly easy.
May 02, 2022
MIP is Adequate
Will be reviewing a demo soon.
April 29, 2022
MIP know what it’s doing
Our auditors didn’t like QuickBooks, they recommended a few different programs but we found MIP to be the one that would work the best for us
April 08, 2022
MIP Works for Non-Profits
Microix is a program we use in helping with budgeting. It works seamlessly with MIP and import is very easy.
April 06, 2022
MIP-one of our best choices!
We were using Cougar ("Denali") software and the support was practically non-existent--I had to tell my Ex. Director that I was once advised to "just change the bank balance in the software" because they could not help us find the error. Upon that advice, we decided we had to move to software that was reliable, supported, and easy to transition to. It was also affordable!
April 05, 2022
MIP for non-profit accounting
We evaluated Intacct Accounting software but were not impressed with its capabilities when taking into consideration the increased cost over MIP.
March 30, 2022
Great for Grants!
N/A - the system was in place when I started at the organization.
March 29, 2022
MIP - a good value solution that offers many extended features once you master the software
MIP is hitting the sweet spot for small-medium nonprofits that need a true fund accounting solution.
March 28, 2022
Mediocore
I like the fund separation in MIP