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 …
MIP Fund Accounting
MIP Fund Accounting
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.
Recent Reviews
My opinion and words about MIP!
MIP Fund Accounting is used for daily cash management activities including Payroll, Bank Reconciliations, General Ledger, Accounts …
Use of MIP Fund for Your Finance Team
MIP Fund Accounting primarily is used in my role for budgeting and developing reports on expenses and receivables. This product also …
Making Money Move With MIP Fund Accounting
We use MIP Fund Accounting in are organization that goes with our Microx system. This is how we display and move money around. It is a …
MIP Fund Accounting Was Worth the Wait
MIP Fund Accounting has brought us into the 21st century! Not only is the accounting module intuitive and user friendly, but the way it …
Excellence of Execution
We use MIP Fund Accounting for all of our accounting functions. We pay bills and receive funds through it. We also track fixed assets and …
MIP Review 2023
I login into MIP Fund Accounting to order supplies for my department. I use it to order Staples, Waxie, Mckesson, and Charm-Tex. I have to …
MIP Great Software for Non-Profits
I use MIP Fund Accounting to process accounts payable, journal entries, generate vendor and payroll reports. We are nonprofit for …
MIP Pros and cons of the Financial System.
We use the MIP accounting system to record items in the general ledger - accounts payable and receivables - to form financial statements. …
MIP Fund Accounting review.
In my organization, we use MIP Fund Accounting to input invoices. Using this application is crucial for all sizes as it streamlines …
MIP in the Open
MIP Fund Accounting is used by the whole organization for department and overall reporting as well as compliance reporting. It was …
My Review
MIP records all incoming and outgoing expenses. For grant reporting, I am able to generate financial reports. on a daily basis - I use MIP …
Outstanding Software!
MIP Fund Accounting assists our organization in tracking and managing expenses and receivables on a daily basis. MIP assists us in …
Current User of Modern and Classic MIP
MIP Fund Accounting is our Accounting system for 5 different funds. We use the GL and AP modules, with plans to use Fixed Assets and AR …
Improved transparency with MIP Fund Accounting
MIP Fund Accounting is used for the finance department at my organization. The program addresses the recording of financial activities for …
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Reviewer Pros & Cons
Verified User
Executive in Finance and Accounting
Non-Profit Organization Management Company, 51-200 employees
JJ
Chief Financial Officer
Community Action Partnership of Middle Alabama Inc (Non-profit Organization Management, 11-50 employees)
Video Reviews
1 video
MIP Fund Accounting Review: Serves As A Customizable Accounting Solution Software
01:14
Product Demos
Introduction to MIP Cloud Accounting Software
YouTube
Product Details
- About
- Competitors
- Tech Details
- FAQs
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.
MIP Fund Accounting Screenshots
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).
Comparisons
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Reviews and Ratings
(821)Attribute Ratings
- 9.2Likelihood to Renew126 ratings
- 9.8Availability15 ratings
- 8.5Performance86 ratings
- 8.1Usability100 ratings
- 7.8Support Rating99 ratings
- 8.3Online Training7 ratings
- 10In-Person Training9 ratings
- 6.4Implementation Rating28 ratings
- 8.6Configurability8 ratings
- 8.7Product Scalability15 ratings
- 7.8Ease of integration13 ratings
- 8.1Vendor pre-sale13 ratings
- 8.4Vendor post-sale13 ratings
Reviews
(1-4 of 4)Companies can't remove reviews or game the system. Here's why
February 23, 2024
MIP in the Open
Accountant
Developmental Services of Dickson County (Non-Profit Organization Management, 201-500 employees)
MIP Fund Accounting is used by the whole organization for department and overall reporting as well as compliance reporting. It was purchased to allow for reporting by cost allocation to multiple cost centers, including both internal departments and grants. The major benefit is that it allows a large number and multiple levels of cost centers and programs.
- Cost allocation. Allows great flexibility in the setup of cost pools and receipient centers.
- Multiple dimension coding structure. Allows complex accounting setups for multi-faceted organizations.
- Reporting. Allows many different report configurations.
- Exporting. Ease of exporting reports to PDF and Excel formats.
- Importing. We now import payroll files from a payroll provider.
- Bank reconciliation. Exceptionally outdated and inefficient process for clearing checks.
- Accounts payable. New vendor setup process could be so much easier, especially for vendors who are already employees.
- Credit card puchases. Badly needs improved functionality in the posting of transactions to actual vendors.
- The import process needs to be made more intuitive.
Do you need a lot of cost centers and coding dimensions? MIP Fund Accounting does this well.
- We believe MIP Fund Accounting is a fairly efficient product.
- MIP Fund Accounting is slow to innovate and implement enhancement requests.
We no longer use multiple funds although when we did MIP handled reports well.
Too difficult and expensive to change from MIP.
- Quickbooks
Much superior in terms of cost centers accounting and accruals.
I can't recall that client services played a role, but it's been over twenty years ago. I did however attend a week long comprehensive MIP training in Albuquerque.
i attended a refresher training in Austin a few years ago.
They often follow up to see if the issue is solved.
We have not yet deployed MIP in the cloud. We may do so soon, and appreciate being able to have both options.
3
Accounting and people with basic bookkeeping skills. We have one accounts payable clerk, one payroll clerk, one human services coordinator, and one general ledger accountant. The accountant doubles as the technical support person for MIP.
- AP
- AR
- GL
- Vendor attributes database
- Importing cash receipts from Excel
- Importing health insurance costs
- Credit card accounting
5
HR, Payroll, AR and AP, GL reporting
No
- Product Features
- Product Reputation
- Prior Experience with the Product
We needed the multiple dimensions that MIP offered (GL, Program, Dept., Fund).
We would not change.
- Implemented in-house
No
Change management was a minor issue with the implementation
People are resistant to change.
- Individual learning curves vary.
- Assignment of access rights.
Important for staff to understand the database as well as the work stations.
- Online Training
- In-Person Training
Very good, no complaints. The instructor really knew their stuff. Always enjoyed getting to travel to Austin. Hands on training is very worthwhile, beats trying to pick up stuff from a book or website. They should say more about the role of business partners and how to get in touch with them. A little more training in importing files would be good also.
The online training is not quite as comprehensive as in-person but thorough. It would probably be good to make it on demand and incorporate remote access by the instructor so errors could be corrected and guided exercises provided. Abila needs to offer exposure to how to manipulate the SQL database and generate queries, possibly how to do mass updating of vendor files, etc.
Too limited so far as I understand.
Improve importing of files and credit card accounting, fix open sessions problem.
No - the product does not support adding custom code
Yes - we have customized the interface extensively
To suit individual preferences. Yes, it was easy.
We have been successful with imports of .csv files for bank deposits and certain payments.
No
Not needed.
Yes
Most of the time.
They usually solve the problem and they seem to care.
- COST ALLOCATION
- BANK RECONCILIATION
- IMPORT
- CREDIT CARD ACCOUNTING
- VENDOR ACTIVITY REPORTS
Yes, but I don't use it
A reliable product but not much innovation. Some needs like a comprehensive credit card accounting system are simply left unaddressed. Also, there is room for improvement importing files.
There appears to be a great deal of flexibility in the product.
The on-site version has been very reliable. The only weakness is in the way automatic backups can fill up a drive over time.
- Paylocity
We now import payroll files. Not too difficult but could be more automated.
Kind of a struggle to find the consulting expertise needed.
- No.
- File import/export
Be sure you know somebody who knows how.
I can't remember any problems.
Aside from tech support, it is a bit difficult to resolve business issues.
We merely paid the listed price.
Be sure to get the name of a contact.
Yes
For a while there was a problem with the new release version recording the correct version number. Also, the way HR module upgrades are distributed could be improved.
- I couldn't determine what they were.
- Credit card accounting
- Improved importing
- Remedying open sessions problem
No
No
May 30, 2023
Abila MIP meets my needs!
Verified User
Team Lead in Finance and Accounting
Individual & Family Services Company, 201-500 employees
Abilia is currently being used by the business department for all accounting needs. It helps organize grants and allows us the ability to process transactions, run financials, and all other accounting and finance functions. We use fund accounting, and Abilia is great for keeping all of our funds and funding sources separated.
- Running Reports, it is simple and easy to run historic documents.
- Fixed Assets, the module is very easy to use and keep track of assets.
- Composition, all modules being in one place is a great feature.
- Integrating with 3rd party applications
- Being able to highlight, copy, and paste straight out of MIP. Not being able to do this is frustrating.
- HR being in a different module, should be all together in my opinion.
- Importing function could be a little quicker.
- Modern UI functionality could be improved
Based on what I remember from our old software, MIP has been a huge upgrade and saves an immense amount of time. The company I work for uses fund accounting. We have different databases all of which are accessible through the main sign in screen. This saves an incredible amount of time when reporting.
- Saved time and effort.
- Allows for better segregation of funding sources.
- Allows for better cash management.
Reporting is seamless and adaptable to meet whatever needs may arise. Great for federal and state funding reporting requirements.
I have been using it for 14 years and it has worked out well.
Yes, our organization has acheived this benefit. There are multiple funds used and all are integrated for across the board financials. Funds can be combined or separated to get a financial picture of either the fund individually, or for the partnership as a whole. This has allowed us to better inform the board when presenting financials.
Soft Trac
Great resource for upgrades and any questions that come up.
I have not used any other alternatives to MIP. I did not choose the MIP software, it was chosen by my company.
Ongoing, but so far so good.
Years ago I took the initial trainings when transitioning to the software. They gave a good broad understanding of the modules.
I do not deal with Community Brands very often. We have a 3rd party support company I would use before calling them.
On the cloud, it is much better than the on-premise servers. In the past, the on-premise server has given me a lot of issues, specifically with the SQL.
1
Knowledge and experience using the software and knowing the ins and outs.
- Accounting
- Reporting
- Adaptable to fit needs
- Working with 3rd party software integrated to sync with MIP for AP.
- Graph style P&L reporting when Modern UI is updated.
2
All accounting functions besides payroll and HR.
No
- Cloud Solutions
- Scalability
- Integration with Other Systems
- Ease of Use
Scalability, it is extremely important to remain accurate and efficient no matter how large the company gets.
I would check other similar software options and look at pricing comparatively.
- Third-party professional services
Avid Xchange.
Yes
Broken into steps to ensure all necessary rights and sync to MIP is done correctly.
Change management was a minor issue with the implementation
We have the same process, just changing from physical invoices to remote and digital.
- Defining parameters
Have a knowledgeable team doing the implementation,
- No Training
No, I had training at a previous company. I would not recommend not having an in-depth training.
It is perfect, very expansive segment creation options.
Talk to someone who has done the initial configuration in a similar style of organization. My needs may not be the same as others.
Some - we have added small pieces of custom code
I added several segments to allow me to better filter while running reports. It was just a matter of working with our 3rd party provider to include them in the database design.
No - we have not done any customization to the interface
No.
No, because I have a lot of troubleshooting experience with the system.
Yes
There was a patch last year that affected the AP check numbers. Many had the same issue, and it was resolved the following week.
Most of the time support is helpful, but some times the ticket has to be elevated.
- Overall system use
- Reporting
- Initial report set up
For the most part, it is easy to use. There are some technical aspects, but mostly for higher level users.
Scalability is infinite with the proper hierarchy of account segments.
MIP will typically only do updates on off hours, such as a weekend extremely early in the morning. Very rare to not have access to MIP.
- Avid Xchange
Currently in the process of integrating.
So far the implementation has been efficient.
- Avid Xchange
Yes.
- File import/export
- API (e.g. SOAP or REST)
Make sure the support team for software integration is very knowledgeable in MIP.
Came into the company with MIP already active, I did not deal with the sales team.
Did not work with sales vendor.
I did not negotiate the terms since the company already had MIP when I came on board.
Not applicable.
No
- No change in what I do,
- Updated reporting ability in the Modern UI version
No
No
January 08, 2018
Honest opinion of MIP
Fiscal Officer
Senior Services Center of Will County (Non-Profit Organization Management, 11-50 employees)
MIP is used by the entire organization. We currently use the accounts payable, general ledger and budgeting modules. MIP is excellent for allocating costs across all programs. It allows us to easily run reports based on project codes as well as program codes. It saves time and key stroke errors by being able to save allocations used frequently.
- Cost allocation. It's easy to set up distribution codes to easily allocate costs.
- The Budget module is easy to use. It's easy to distribute the budget across all 12 months.
- Ability to save general ledger entries. Saves time when entering monthly recurring transactions.
- Reporting. If you select the wrong option in the drop down box, you need to go back to the start. Still no change in this.
- Credits in A/P. If I need to use a distribution code for a credit, I need to enter the invoice total as a positive number and then change it to negative after the allocation.
- I would like to be able to pay vendors without creating a vendor record, e.g., one-time vendors. We often have vendors that we pay one time and they have to have a record created for them.
I have been using the system for 10 years and found it easy to use. It helped having experience with other Fund Accounting systems. I have had relatively few problems with the system. The majority of the issues have been when moving the software to a new computer since we are a stand-alone system.
- I cannot think of an impact MIP has had on our business. It is the only computer based system the agency has used and has been using it for 18 years. There have been no instances that have not had a solution using the software.
I feel it's comparable to American Fundware. I prefer Blackbaud's report structure. It's much easier to be in a report area and navigate to the report required without having to start from the beginning. MIP has been in use by our agency prior to my arrival 10 years ago. It has been able to fill the needs we currently have.
I use the support of MIP for the majority of the issues I encounter. There haven't been many. The biggest issue I have had with the software is migrating it from one computer to another when I have had an upgrade. At that time I have simply used our IT support which is outsourced.
- Ability to track multiple projects
- Run the necessary reports for funders
- Track the issuance of 1099s.
- I do not know of any innovative or unexpected ways we use the software other than the purpose it was intended for.
- I do not know of any additional ways MIP will be used in the future.
I will definitely renew the use of MIP Fund Accounting. The software is working well for our agency and the cost for annual service is reasonable. Overall I probably call support one or two times per year so I do not have many issues with the software. Support is worth the updates alone.
1
Finance Department.
No
- Price
- Product Features
The software was in place prior to my employment at the agency. I am sure it was chosen based on price as well as the features. No additional modules were purchased other than general ledger, accounts payable and budget journal. It would be advantageous to have the fixed asset module to track the fixed assets.
I would definitely speak to other users of the software as well as visiting some companies that use the software. It would be good to be able to see it in action in a real setting as well as talk to the users who deal with the software every day and understand how it really works.
- Don't know
- I am unaware how implementation went as I was not employed by the agency at the time.
I do not know about the implementation of the software as I was not employed by the agency at that time.
- Self-taught
Yes, the software is easy to use. The only training I received was from the previous user who was not using it to its full potential. The ability to export files to excel had never been explored by the previous user. When I first tried to use it, I was unable. I then discovered it was due to the software not being set to export.
I think the configurability is just right for this product. It is easy to set up the accounting code structure and to make changes to us. We have not made changes in many years but it seems to be easy to do. I feel it's a good software package for many non-profit agencies.
I do not have any specific recommendations.
No - we have not done any custom code
No - we have not done any customization to the interface
There are none I can mention.
Support has been extremely helpful when I've had to call. All issues have been resolved on the first try. They have often given me ideas to try and where to look to find additional help if needed. Never seem to busy to answer a question and ready to listen to the customer.
No
I do not recall anytime that I received exceptional support for this product. I probably only call support one or two times per year and do not have many issues with the software. I cannot even recall the issue I last contacted them for. Any time I have called, I have been completely satisfied with the support staff.
- General ledger entries are easy to enter. Very straight forward entry.
- Accounts Payable is also easy to work with.
- Budgets. It would be helpful to be able to take the prior year budget and edit and save as the new year budget. That would make things much easier.
- It isn't straight forward on how to print the budget once you have the entry ready.
Yes, but I don't use it
Very easy to use. It does help if you have prior database knowledge. It was easy to create reports to get the information out of the system. The canned reports are a great place to start to work on customizing for your own use.
I feel our agency only uses a small portion of what it can do. With more funds we would be able to purchase more modules and integrate more of our systems instead of using an outside payroll company and spreadsheets to track fixed assets. There are a lot of features in the payroll module but currently cost is a major factor.
Software is reliable and have never had an issue in 10 years.
MIP Fund Accounting has worked very well for me. It has been ten years that I have been working with the software and have never had an issue with it crashing or losing information. I would definitely recommend this software to other users based on the experience I have had.
- None
We have not integrated the product with any other system.
- No
- File import/export
I have only used file export to Excel and Adobe.
As far as the usage with Adobe and Excel, it has been wonderful to be able to run a report and export it to Adobe for ease of sharing the information.
I was not employed at the agency at the time of sales and cannot accurately comment on this.
I have had no contact with the vendor after the initial sale.
I am unaware of what was negotiated during the sale of the software.
I have no comment on the vendor as I have had no contact with them.
Yes
- I cannot recall what the most recent upgrades were for.
- I hope to see better reporting as far as ease of navigating within the report area of the software.
No
No
February 13, 2017
It's worth a million
Software Project Manager
Forman Christian College (Information Technology and Services, 1001-5000 employees)
It's currently being used across whole organization. It is being used in accounts and the HR office. It is hooked up with Microix WorkFlow modules. The application is the key to resolve the reconciliation issues.
- Assets and Depreciation
- Payable Reporting
- Posting to Microix
- Scheduling
- Payable emails
- PF emails Stubs
- Imports in Bulks
MIP is the most befitting accounts receivables and Payable application, moreover it has the HR and EWS module which are for the enterprise users; It is the interactive application where a employee can see their salary details, notification enter timesheets; it has now updated security menu. The best part is that you can describe your need and if it meets other user requirements than MIP can enhance the functionality for you.
- It meets our requirements not all of them but we are very comfortable with it.
We are also a non profit organization at Forman Christian College and we are already able to benefit from this.
JMT Consulting Group, Inc.- NY Area
This has a great impact on our organization, whenever we run into any issue we log our case with JMT and they respond us the appropriate solution; MIP Support is our last resort if the problem is not that critical. This has been a great benefit to our organization and this MIP Partner is a good initiative.
It's a complete solution. Previously, my organization was using some payable software with another hookup software from a third party but it had a lot of glitches; after that i don't even imagine to have a software with no support on ground and using other software hookups for payable and asset management.
70
- Accounts department actually enter all the payables, checks, and post receivables from Empower student information system to MIP.
- Human Resources creates the salaries on MIP and enters the Adjustments every fortnight after the verification of Accounts.
- Purchase Department verify the asset management and posting from Microix to MIP.
- Human Resources creates the salaries on MIP and enters the Adjustments every fortnight after the verification of Accounts.
- Purchase Department verify the asset management and posting from Microix to MIP.
2
Technical, SQL, Server Side
- Payable
- Accounting
- Assets
- Reconciliation
- Robust analytics tools and role-based dashboards helps us harness important data from the database, and find, report, and track data that is most important to each audience.
- With secure, open APIs, We can bypass integration headaches and focus on growing their organization by integrating with other key applications that meet their needs.
- MIP Advance provides us integration with MIP Elevate, MIP Fundraising 50, and MIP Fundraising and also with other fundraising products offered by companies that believe in the power of open integration.
- Get it hooked up with our receivable system and get it posted.
- We have a receivable system and we want it to interface.
- We also have a check in system which we would like to integrate with time sheets.
This system is amazing and if one like to work with any automated system it is the perfect to work with it.
Yes
In 2003, Peach Tree - not a complete ERP.
- Product Features
- Product Usability
- Prior Experience with the Product
Product Usability matters a lot as well as extraction of reports from the system.
Well, I would require the accounts department to enlist their complete requirements and have them analyse the application rather executive body as the direct users need to analyse the application.
- Implemented in-house
No
Change management was a major issue with the implementation
That it support almost a lot of our models
- Some times errors of SQL
- Application Launch
- Share Permissions
Without support you are dead in case you need any
- Online training
- In-person training
- Self-taught
In person training by the consulting groups is great thing we had.
It was pretty clear for how to use it and how to set it up for other modules. It gave us insight about the way it's modeled and how we can use it.
It is pretty much self explanatory. If you are acquainted with accountancy terms and have the foundation knowledge you can pretty much do a lot of things.
It is too limited, all the configurations should be included in the setup; most of the things in the configuration are not supported by them.
They should put in all the configuration while setting it up, so that administrator already knows what to do.
No - we have not done any customization to the interface
No - we have not done any custom code
No
No
We are a non profit organization, most of the times we try to resolve the issues ourselves.
The late responses
No
No they always charge for extra support or for anything they call exceptional support.
- Extraction of report
- Transfers
- View Records
- Imports
- Bridging third party application
- Creating reports from Other tools
No
Difficult for custom reporting and interfacing.
Although there are a lot of options to make it larger, if you are using it on a wide scale with all the modules; you will definitely will see the difference.
We are self hosted and it's available all the time and have not found any issues yet.
Yes it is a well designed and quick responding application. Reports come in almost a reasonable time and at least if a user has to wait, it shows progress bars.
- Empower sis
Still in the process of integration of it.
MIP provide pretty good interfacing for integration.
- Empower and Microix
Yes the Microix Workflow modules supports this.
- File import/export
- Single Signon
- API (e.g. SOAP or REST)
They shall provide open source scripting to get other system attached with the tables.
Things were quite clear when we worked with the vendors and they assisted a lot in setting up processes.
After sales, MIP and JMT consulting constantly support us and keep us up to date for enhancement.
Self Hosting and Keeping up security of transactions very well.
Security Webinar should be created and posted for administrators for better reviews in reporting.
Yes
Yes we have updated to the latest version of MIP 2017.1.1 and this system was a smooth transition from 2016.1.2 to the latest release and it has also got the fixes which MIP 2017.1 version had and later those were resolved in the version which was rigorously tested with respect to fast upgrade and minimum glitches.
- Reporting Capabilities across MIP to improve the ability to track report.
- Enhanced Key Accounts Payable workflows
- New Administration options supporting audit trails.
- Integration with REST BASED API for TIME SHEETS
- Payable Salary Slip Email directly from the MIP System
No
No