MIP Fund Accounting

MIP Fund Accounting

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Score 8.3 out of 100
Top Rated
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MIP Fund Accounting

Overview

Recent Reviews

Great product, great price

10
May 14, 2022
I use MIP Fund Accounting to manage the finances of a multi-county library system. I use the system for the whole cycle of business …

MIPleased!

8
May 14, 2022
We use MIP Fund Accounting for our HR and Accounting functions. We run a lot of reports using the MIP Fund Account. Sometimes the reports …
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Abilia for nonprofits

10
May 12, 2022
We use the product to track all financial activities in the nonprofit. We use accounts payable, accounts receivable, and the general …
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MIP is Adequate

2
May 02, 2022
It can handle multi-segment accounting strings and fund accounting.
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MIP know what it’s doing

10
April 29, 2022
I use it to control all accounting needs. I run payroll for 2 different company processing groups. It makes our finances easy so we can …

The good, the bad, and the ugly

2
April 27, 2022
We use MIP Fund Accounting daily as our primary tool to manage our accounts. We have approximately 50 active accounts at one time and …
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MIP Works for Non-Profits

10
April 08, 2022
We use it for our payables, our payroll, our receivables, reporting, budgeting. It's nice to have all aspects of accounting under the same …

MIP-one of our best choices!

10
April 06, 2022
MIP Fund Accounting is our sole accounting software from AP, AR, budgeting, and general ledger. It allows the use of grant tracking …

MIP for non-profit accounting

8
April 05, 2022
We are a non-profit organization, and we use MIP for our GL, AR, AP, fixed asset depreciation, and monthly allocation of shared costs. We …

Great for Grants!

10
March 30, 2022
Having a robust system of codes allows us to track the type of funding (federal, state, earned/private/other), restrictions, grants, …

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Awards

TrustRadius Award Top Rated 2022
TrustRadius Award Top Rated 2021
TrustRadius Best of Award, Best Of Feature Set 2021

Reviewer Pros & Cons

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Video Reviews

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Pricing

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Entry-level set up fee?

  • No setup fee
For the latest information on pricing, visithttps://www.mip.com/request…

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

Starting price (does not include set up fee)

  • $249 per month

Features Scorecard

No scorecards have been submitted for this product yet..

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 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 Advance™ Dashboards with drilldownMIP™ Transactions WorkflowMIP DashboardsMIP DashboardsMIP Dashboard drilldownMIP TransactionsMIP Budget WorksheetMIP ReportingMIP Audit Trail  and SecurityMIP PortalMIP Fund Accounting

MIP Fund Accounting Competitors

MIP Fund Accounting Technical Details

Deployment TypesOn-premise, SaaS
Operating SystemsWindows
Mobile ApplicationNo

Comparisons

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Frequently Asked Questions

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.

How much does MIP Fund Accounting cost?

MIP Fund Accounting starts at $249.

What is MIP Fund Accounting's best feature?

Reviewers rate Product Scalability highest, with a score of 10.

Who uses MIP Fund Accounting?

The most common users of MIP Fund Accounting are from Mid-sized Companies (51-1,000 employees) and the Non-profit Organization Management industry.

Reviews

(1-25 of 42)
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January 08, 2018

Honest opinion of MIP

Score 9 out of 10
Vetted Review
Verified User
Review Source
  • 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.
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • Set up of 1099 vendors has some issues because we have vendors with expenses that require a 1099 and also expenses that don't.
  • Imports- these are great, but they are not pre-set. You need to have a support person help you set them up.
  • User Set up- You have to set up each and every aspect of the users tasks and sometimes tasks are in areas you wouldn't even think to look at. It would be easier if you could say, yes, give the person all rights to Accounts Payable, rather than having to check each task off. A copy function would also be helpful where you can copy from a previous user.
January 08, 2018

Overview from daily user

Score 7 out of 10
Vetted Review
Verified User
Review Source
  • Sorting reports by name is difficult. I wish there were two columns, last name and first name
  • Recurring accounts payable doesn't allow you to change the invoice number. We can not use it.
  • Our billing process is very cumbersome but it is partly our fault because of the way we set it up.
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • There is no easy "drill down" capability
  • Though the "Data Integrity Check" capabilities are excellent at identified problems with the data, you must call Customer Support to resolve the problems.
  • The add formula's capability is not always intuitive.