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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.

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Awards

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Reviewer Pros & Cons

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Video Reviews

1 video

MIP Fund Accounting Review: Serves As A Customizable Accounting Solution Software
01:14
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Product Demos

Introduction to MIP Cloud Accounting Software

YouTube
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Product Details

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 Fund Accounting Screenshots

Screenshot of MIP Advance™ Dashboards with drilldownScreenshot of MIP™ Transactions WorkflowScreenshot of MIP DashboardsScreenshot of MIP DashboardsScreenshot of MIP Dashboard drilldownScreenshot of MIP TransactionsScreenshot of MIP Budget WorksheetScreenshot of MIP ReportingScreenshot of MIP Audit Trail  and SecurityScreenshot of MIP PortalScreenshot of MIP Fund Accounting

MIP Fund Accounting Video

Meet MIP Fund Accounting

MIP Fund Accounting Technical Details

Deployment TypesOn-premise, Software as a Service (SaaS), Cloud, or Web-Based
Operating SystemsWindows
Mobile ApplicationNo

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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Comparisons

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Reviews and Ratings

(826)

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

Comprehensive Features: Users have appreciated the system's extensive features, such as the ability to export reports into PDF or Excel formats for board presentations and emailing reports directly to funding sources, saving time and resources. The option to filter specific items for auditor verification was also valued for enhancing departmental efficiency.

Ease of Use: Reviewers find the system user-friendly and easy to navigate, with functionalities like quick shortcuts and readable font enhancing usability. The development of accurate and easy-to-use reports and templates on the cloud version was noted as a positive aspect by users.

Efficient Financial Tracking: Some users value the system for facilitating financial tracking through functions like bank reconciliations, obtaining check registers for specific periods, processing payroll efficiently, setting dates in organization preferences for preventing incorrect entries, showing financial details effectively, and running detailed financial reports that aid in decision-making processes.

Bank Reconciliation Process: Several users have criticized the outdated and inefficient bank reconciliation process, stating that it is in need of significant improvement. They have highlighted challenges with the screen preferences, understanding dates, and tracking discrepancies effectively.

Reporting Challenges: Users have found building reports to be cumbersome and expressed a desire for more personalized and easily generated reports. The frustration stems from difficulties in creating customized reports, integrating data sources seamlessly, and limited options for report formatting.

Software Transition: Users have highlighted slow processing and transitions within the software as an ongoing issue affecting their experience. They face delays in system response times during tasks like navigating between modules or generating reports efficiently.

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