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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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Recent Reviews

Outstanding Software!

10 out of 10
February 16, 2024
Incentivized
MIP Fund Accounting assists our organization in tracking and managing expenses and receivables on a daily basis. MIP assists us in …
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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

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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

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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 Competitors

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

(820)

Attribute Ratings

Reviews

(101-125 of 430)
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March 24, 2021

Meh

Verified User
Administrator in Finance and Accounting
Health, Wellness and Fitness Company, 11-50 employees
Score 2 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
It's just hard to use. Granted, my company won't pay for training but there isn't a lot I can find on my own. Some of the basics should be pre-recorded and logged for free training for all. The documents for training are ok, but don't always have all of the information I'm looking for.
March 19, 2021

Solve your accounting dilemna with MIP Fund Accounting

Verified User
Administrative Assistant in Finance and Accounting
Non-profit Organization Management Company, 51-200 employees
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I would not recommend this software for a very small company with little demands for financial reporting or accounting.

It is very well-suited for our company because we have 160 little companies within our company and I am able to generate financial reports for each one using the project code feature. The payroll aspect for our home office of 10-15 employees works well. The reporting features for the government are easy to use. The accounts payable feature for writing checks and searching vendors is easy to use. I like the reporting features especially where I can build my own reports or filter for only the information I need. The budget feature is easy to enter once at the beginning of the year and have it for my monthly reporting.
March 12, 2021

Aging Best Review

CM
Cori May
Director of Finance
Aging Best (Non-profit Organization Management, 51-200 employees)
Score 3 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I honestly believe MIP Fund Accounting is a decent accounting program. I was familiar with it in a former job setting, where I was reviewing the records of sub-contractors who utilized the MIP system. It provided the information we needed, as well as it seemed very easy to use. Our subs who had MIP Fund Accounting and utilized it were very happy. When I left that position, the majority of our subs had switched over to MIP accounting. That spoke mountains to me. When I came on board at aging best, I was excited to learn they utilized MIP Fund Accounting. After being there a few months, I soon learned that MIP Fund Accounting wasn't utilized to its full capacity. I sought advice from former colleagues, as well as new colleagues who also utilized MIP Fund Accounting. Much to my dismay, they were only able to provide minimal assistance. The customer service we've received has been very disheartening, and the training has been spotty, at best. This is why I rank it at a 3.
March 03, 2021

Nice software with easy to use functionality.

Verified User
Professional in Finance and Accounting
Non-profit Organization Management Company, 501-1000 employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Overall, MIP Fund Accounting is a good accounting software. There is ease in daily transactions, and it's easy to check over your departmental and program statements each month. Once you set up allocations, you can easily run and have them populate in their respective areas as %'s of the category that you need.
February 27, 2021

Abila MIP

Barbette Cooper | TrustRadius Reviewer
Barbette Cooper
Finance Director
Austin Partners in Education (Non-Profit Organization Management, 11-50 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
It may be better suited for large complex organizations. The training is too expensive for most small nonprofits. There is not enough support for a new user. But once you learn it, it is a very powerful accounting software.
February 26, 2021

MIP Fund Accounting Review

Verified User
Manager in Information Technology
Medical Practice Company, 51-200 employees
Score 3 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP performs well in the non-profit realms of accounting. MIP is glitchy and had a slew of problems/work arounds, tech support is horrible, but it does get the job done. It does it well enough that we aren't going to switch anytime soon.
February 08, 2021

MIP--top choice for nonprofits---or not; seeking an identity in this world

JJ
Joe Jeruzal
Finance Director
Adath Jeshurun (Religious Institutions, 51-200 employees)
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP offers a great range of dimensions for tracking data.
MIP NEEDS to provide subtotals while reconciling--it is not useful to only show an unbalanced reconciliation--matching to the bank statements would resolve a lot of problems.
February 04, 2021

MIP is fine by me or Abila: use the knowledge base I am not even joking

TW
Tim Warren
Accounts Payable Supervisor
Blackburn College (Higher Education, 201-500 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Like with any new software, there is a learning curve for new users, but the resources available make it so easy to gain a working knowledge of the system and its abilities. The ability to do reversals to entries appending the correction to the original transaction instead of having an unrelated journal voucher to correct an issue, is such a great feature and the knowledge of this ability has helped us reduce the number of JVs we do.
November 20, 2020

Great for complex governmental agencies

NM
Nicole McKinnon
Finance Director
Headwaters Regional Development Commission (Government Administration, 11-50 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting (formerly Abila MIP) is well suited to handle both our governmental entity issues as well as our consultant work. It's less appropriate for managing tenant payments and financials.
November 11, 2020

My MIP Fund Accounting Review

Verified User
Supervisor in Other
Accounting Company, 51-200 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
The position I am currently in works directly with the public in assessing needs for support services, approving/making purchases, and processing expenditures through the Microix system's integration with MIP Fund Accounting. It has become a valuable tool in gathering specific information to obtain items such as total expenditures for individuals, amounts spent for specific programs and vendors. I often refer to Microix to update my program tracker for expenditures. The only item that I can identify that would be helpful is to be able to see a program balance for specific programs.
November 05, 2020

Perfect System For Our Needs

Verified User
Manager in Finance and Accounting
Hospital & Health Care Company, 201-500 employees
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
It is perfectly suited for fund accounting, particularly with our grant set-up. It may not make a lot of sense for basic book keeping that could be easily handled by a quick-books setup. The cost of MIP Fund Accounts (formerly Abila MIP) may not justify it for some smaller users with few accounts and or employees.
November 04, 2020

Local Non-Profit gets their needs accomplished

Verified User
Professional in Professional Services
Non-profit Organization Management Company, 11-50 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP is good for an organization that has special customized reporting needs and has a volume of invoices / deposits that can be manually entered, rather than needing to process hundreds or thousands of items weekly.

There is a function for recurring entries to allow repeated mass invoicing or journal entries, but entries still need to be tweaked and modified manually.
November 03, 2020

Great program and features - could be more user-friendly

Verified User
Professional in Finance and Accounting
Non-profit Organization Management Company, 51-200 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I would recommend MIP Fund Accounting (formerly Abila MIP) for non-profit fund accounting purposes, although I haven't used many other more recent programs other than Quickbooks. My recommendation would include the same as what I provided in the last two questions, the pros and cons, plus more details about making sure you know all of the deep inner workings for setting up chart of accounts and reporting. It would be great to see MIP Fund Accounting (formerly Abila MIP) move towards a more user-friendly, less technical layout and design. Simple data entry screens that also provide easy quick-glance double-checking (symmetry is key). Make better use of the white/blank spaces in all screens. It doesn't have to be as simplified as Quickbooks, but somewhere in between would go a long way towards making MIP Fund Accounting (formerly Abila MIP) an exceptional program.
November 03, 2020

MIP Fund Accounting is an overall excellent product for non-profit organizations

Verified User
Employee in Finance and Accounting
Individual & Family Services Company, 11-50 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting (formerly Abila MIP) is suitable because it allows the finance department at my organization to go into a deep enough level of detail in terms of our departments, programs, grants, and tasks. This helps us greatly with monthly grant billing and for keeping track of our revenue/expenditures in relation to each of these areas throughout the fiscal year. The Import feature has increased its functionality for us, cutting down on the time it takes to complete some of our longer journal entries and invoices.
October 12, 2020

MIP Fund Accounting for Multi-currency Users

Verified User
Manager in Finance and Accounting
Non-profit Organization Management Company, 51-200 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting is best suited for a growing organization that has outgrown QuickBooks but is not ready for a large investment in terms of money and time spent learning a more complicated system. This system is also best suited for an organization that can operate finance and accounting functions across multiple systems and use the import function to get a lot of data into MIP. Also, an organization that operates in multiple currencies would be a good fit for MIP.
This system is not suited for an organization that has an accounting staff of 1 or 2 people because this system may take too much time away from other activities, assuming staff at a small organization must wear multiple hats.
October 10, 2020

My MIP Fund Accounting Review

TL
Thomas Leach
CFO (Chief Financial Officer)
Ramey Estep Homes, Inc. (Mental Health Care, 201-500 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
We enjoy the ability to use distribution codes assigned to facilities and vehicles. This allows us to create a distribution that easily spreads a single expense item across multiple business lines thereby appropriately allocating costs to areas benefiting from them.
September 24, 2020

MIP Fund Accounting is great!

Verified User
Analyst in Finance and Accounting
Non-profit Organization Management Company, 201-500 employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting is well suited for a company with an extensive general ledger and chart of accounts. I do not believe that it is well useful for a small company that does not have a very extensive general ledger or chart of accounts. Also, MIP works well with Microsoft Excel and the import of such documents.
September 20, 2020

Small midwestern, diverse mid-profit

GS
Gage Stermensky
Director of Behavioral Health
Community action partnership of western Nebraska (CAPWN) (Hospital & Health Care, 51-200 employees)
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Accounting, fund monitoring; less friendly for payroll and HR. ADP seems better. I find the aggregate and specific coding reports for grants very useful across departments. I have to pull other data from ADP all of the time, which is more challenging. I also have to pull data form billing software and an EMR. I would prefer one system.
August 24, 2020

Gives Me Just What I Need

CM
Cassandra McClendon
Accountant
Community Renewal Society (Non-profit Organization Management, 11-50 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Since we only use the accounting feature I cannot speak on the HR or payroll part. I recommend that nonprofits use MIP Fund Accounting especially because it is a more professional way of handling finances. It goes beyond the options that QuickBooks will give you. Especially useful during audits, for tracking independent contractors and their payments. Since the only other significant accounting software I've used is Lawson software, I unfortunately can't give a less appropriate example.
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