MIP Fund Accounting

MIP Fund Accounting

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Top Rated
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Score 8.5 out of 10
Top Rated
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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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Recent Reviews

Happy Customers

10 out of 10
November 21, 2022
It works well. We have used it for several years and have had very few issues. Support has been very responsive and effective. The product …
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MIP Love!

8 out of 10
May 25, 2022
We use MIP for all of our accounting needs; accounts payable, accounts receivable, allocations, payroll, HR, bank reconciliation, and all …
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MIPleased!

8 out of 10
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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How MIP Fund Accounting Differs From Its Competitors

Implementation Support

Implementation of the product seemed easy enough. It was already in use before my first day. I've haven't had any problems using it. Neither has anyone else that I know of. System documents & modules are configured to our company's specific needs.
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Training Support

I've used View Help, the Customer Community, MIP Website and What's New for various updates, tips, and resources. I've learned things that I wasn't taught initially. It helped me get a better understanding of my position at the company and nonprofit accounting in general.
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Deployment Flexibility

We use MIP Fund Accounting on-premise. The flexibility of it helps us with everyday transactions & activities. I feel it gives me a better understanding of nonprofit accounting. It helps me to understand what I've learned in college.
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Training Support

The Knowledge Base is helpful and the Community Brands MIP Fund Accounting Discussion group is a great place to learn from others who are using the system. I've learned more from discussion group and I try to participate and help others with questions they have.
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Deployment Flexibility

We use MIP on-premise. I don't see us transitioning to the cloud. The ability to restore the back-up at any time for the on-premise comes in really handy. Most of the time, the back-up is restored when payroll is being processed. Staff click a wrong button or put in a wrong date and instead of …
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Implementation Support

MIP (the name has changed since I came on board) has always been our Accounting Software. We recently moved to the cloud (2 years ago) and the client services was vital to our implementation. They fully worked with us on the date we would be starting with it, how it would work, what to expect, …
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Training Support

I have used some of the free training they have provided, but I like going in there and checking out the white papers available. I am not sure if it enhanced my use of the program, but I definitely have learned some things outside of the software itself for our non-profit. There is so much …
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Deployment Flexibility

We moved to the cloud about 2 years ago. The benefit to moving to the cloud was freeing up space on our server. This was going to be a very expensive thing to deal with and moving to the cloud was the economical benefit to us. Yes the cloud does cost more than the classic version, but not having …
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Training Support

I took the Management Setup course, and am signed up for the Management Processing and Report Writer classes for next week. The one I have completed so far gave me some insight on how to better utilize the system.
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Deployment Flexibility

We are on-premise. I think that eventually we may wish to switch to the cloud, but it's not in the budget at this time. The only issue with the on-premise version is that we, as the final users, are not able to run the updates. Sometimes (especially at the end of the year) this causes us to delay …
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Effectiveness at Managing Multiple Fund Sources

Yes, we have multiple sources of funds within our organization and the benefit is tremendous and now we are able to track these funds. The reporting by fund is intuitive and creates a very seamless process. We are able to create income statements and balance sheets by fund type and use this for …
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Training Support

We have participated in web based training classes on a particular topic and they were extremely helpful. The staff at Community Brands is extremely knowledgeable. We also continue to use them for technical support when we have an issue that we can't resolve. The training classes have helped to …
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Implementation Support

Easily, we just downloaded the software module. You do however have setup the reports yourself. It was fairly easy. You just pick the report type ie Balance sheet and select the GL codes for each category.
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Deployment Flexibility

We utilized the cloud software for a short period of time. Being able to access the software from anywhere is helpful if you work from home or arent in the office that day. We actually switched back to the on-premise which I now have access to at home through a laptop.
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Implementation Support

In our early set-up, MIP had a dedicated vendor for all areas, to provide local support. Pam Kennemore was great with issues, set-up, new modules, in office or group training. The annual convention/workshop trainings were also great. The service team was great. With the sale to Sage, then on to …
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Training Support

We renew our product annually, with the annual updates, in recent years, there are always some quirks! Our IT department, usually gets on a call to support to work out issues. Sometimes, we have to wait on a call back from Abilia support. Often, its not at a convenient time for both myself and our …
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Deployment Flexibility

We tried the cloud version and with the current climate of help, we were not able to get it to work. We therefore returned the licenses. Our IT contractor had to develop a means for us to remote into our computers. He uses Amazon connections for remote time into our computer. We had issues with …
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Effectiveness at Managing Multiple Fund Sources

As a non-profit, we receive grant money that has to be tracked very closely. Each grant has its own code so it can be tracked from receipt to use - with the balance remaining easy to retrieve before purchases are made; departments receiving grant funds can get the information they need for …
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Deployment Flexibility

We use MIP on-premise. It's more work for our IT department, but judging from some of the problems I've heard from others who have switched to the cloud, I'm glad we are on-premise.
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Implementation Support

When we first started the implementation we have a team for the IT software side of things and then a trainer named Jo helped us with the set up and initial fund balances. In MIP we had more flexibility with our GL numbers so we had to do some revamping and adding to our own GL string which took …
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Training Support

We had several trainings over the phone with Jo mostly because of IMPORTS and REPORTS. These were a huge hiccup. We had to create our reports and not being familiar with the system we had to explain to Jo what we wanted to see and then she would tell us where to go and what to add to the content …
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Deployment Flexibility

Our team considered the cloud based version but then ultimately decided against that but we have been satisfied with the product so far. We are a non-profit health care facility that caters to the needs of our community that does not have access to quality healthcare and most of our funding comes …
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Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

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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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
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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 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 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.

MIP Fund Accounting starts at $249.

Sage Intacct, Blackbaud Financial Edge NXT, and QuickBooks Desktop Pro are common alternatives for MIP Fund Accounting.

Reviewers rate In-Person Training and Configurability and Product Scalability 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

(1-25 of 47)
Companies can't remove reviews or game the system. Here's why
Score 10 out of 10
Vetted Review
Verified User
The closest I can think of is while looking around in the software, I discovered the we have the ability to make graphs with our reports that are already built into the software. We don't need to use Excel unless we want to make additional updates to already existing data. Community Brands doesn't assume that we all want to use Excel initially, but gives us the option to use MIP instead. That's exceptional support to me!
Larry Parish | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
I wanted a shortcut to entering our payroll which use to take at least an hour not it take 3-5 min. The created a short cut that is easy to use and save a ton of time for me. I am very happy for the help.
Joanne Jenkins | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
We were having serious issues with the cloud and constantly being kicked out of it (it still happens, just not as often). A ticket was opened and they were really attentive to the problem. While I consider the problem more of a cloud hosting thing and the fact that so many people are moving to the cloud, but that did not stop them from contacting me regularly and making sure we were able to use the product.
Dawn Clark | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
We had a TERRIBLE issue during (of course) payroll processing and no one here had any idea how to fix it. The first person we talked to at Community Brands didn't know either, but the call was escalated to a more seasoned tech. He knew immediately what the problem was and fixed it for us, right then and there.
August 12, 2020

Trusty MIP

Gwendolyn Ball Julien | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
We got exceptional support when we had the dedicated consultant, Pam Kennemore, under Sage. Now, we are just a number is the cue for help with our particular issue at the time. It's a great software, so there are not many issues. However, when an issue arises, I feel that we are just a number in the cue, then on to the next issue. There is no personal feeling of belonging to a group, as when the software was owned by MIP. There are no free user group networking for discussions and helpful tips. There no annual user workshops. Now, just pay your renewal and buy more modules.
Score 7 out of 10
Vetted Review
Verified User
There was a time when we had some turn over in our department and we needed help with getting the updated forms for the 1099 misc form vendors. We only had til the end of January and we needed this information very quickly. I remember the support team walking me through the process and even doing a remote screen so they could see what the issue was. We needed an upgrade and he walked us through the process step by step. It took sometime due to our servers and internet speed at that time but he was very patient and stayed with me the whole time.
August 11, 2020

Abila MIP just works

Score 9 out of 10
Vetted Review
Verified User
Each year, creating 1099's are a difficult hurdle for our environment. It's complex and utilizes some of Microsoft's enterprise level products. Last year's (2017) 1099's were especially difficult, however, once technical support was called and our environment explained with the assistance of our internal IT department we were able to resolve the issue. The 1099's were printed without any data loss or requirement to start over.
Vicki A | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
The only complaint I have is regarding the down time due to a security breach. We were without MIP for several weeks while the cloud version was being fixed. this created a great hardship for our company. Since that time however it has been working great and have not experienced any other issues.
Score 9 out of 10
Vetted Review
Verified User
During one of our earlier years of using MIP Fund Accounting, we had an issue during an upgrade. The support staff went out of their way to help us resolve the issue and get us back up and running in a very timely manner. This happened during an upgrade that we had to make during a peak time of the year.
Score 8 out of 10
Vetted Review
Verified User
I called about a networking issue about 2 years ago and was connected almost immediately. Three support specialist went through a few steps to get me connected again very quickly. They are very polite, patient and professional!
Score 8 out of 10
Vetted Review
Verified User
I had to call MIP to sort out a glitch I had while importing excel files. I only had to wait on the phone line for a brief period before I was helped. The technician knew exactly what the issue was and was able to give me a resolution in less than 5 minutes.
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