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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

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 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

(126-150 of 430)
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August 18, 2020

Abila is a solid, flexible funds and payroll suite for your medium size business.

Wesley Bond | TrustRadius Reviewer
Wesley Bond
Director of Information Technology
Callaway County (Government Administration, 51-200 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP is a great product for medium to small size county governments and businesses that need a good fund accounting, payroll and HR system for a good price. MIP will aid you in modernizing your outdated systems and help integrate these areas for you. MIP has a number of modules from HR to digital time clocks to fit the needs of your company. I think you would be hard pressed to find another system with these features for the price.
August 17, 2020

Abila MIP Fund Accounting is worth a try for any non-profit business!!

Verified User
Director in Finance and Accounting
Non-Profit Organization Management Company, 51-200 employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
It is well suited for any size company as it has all of the functionalities that is needed to run an effective accounting/finance office. Most of the modules are very easy to use and complete all the tasks needed to get the desired result. I can't see any scenario where it is not appropriate to have the fund accounting system.
August 16, 2020

Complex needs? Abila MIP can do it!!

Verified User
Director in Finance and Accounting
Non-Profit Organization Management Company, 201-500 employees
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Any non profit that has multiple programs or funding sources would find this software perfect for their needs in both collecting and reporting financial data. There is a robust reporting area with the ability to set up specific formatting.
August 14, 2020

Abila MIP fund accounting is a top notch software program - you can't go wrong with MIP!

MT
Marisa Telge-Masur
Fiscal Director
Coastal Bend Center for Independent Living (Non-Profit Organization Management, 11-50 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting is a true accounting software - you need to know the offset accounts for transactions. It is not like another program where you simply "write a check" and then the software prepares the entries behind the scenes. By having a software that is at a higher level, it teaches individuals to learn more in accounting, instead of having the software do it for you. I also like that you cannot simply go in and "delete" a transaction like you can with other software systems.
August 14, 2020

Abilia MIP Fund Accounting from an IT manager's perspective

Tony Lamm | TrustRadius Reviewer
Tony Lamm
IS/IT Support
Dearborn YMCA (Non-Profit Organization Management, 51-200 employees)
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend

If you are a place where you need to produce a quick invoice then MIP Fund Accounting is not the product for you. It does not have a great point of sale attribute to it as far as producing an invoice on the fly.

If you want to bill customers at the end of the month MIP Fund Accounting is much better suited for this type of billing.

August 14, 2020

Abila Accounting for Non-Profits-Awesome!

CC
Cindy Chapple
Accounting Assistant
YWCA Billings (Non-Profit Organization Management, 11-50 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Non-profits who are looking for accounting software will be very pleased with MIP for non-profits. Not sure about business accounting as I have not used it in that capacity. We also use reports from MIP to build spreadsheets. Sometimes information from multiple reports are used in a single spreadsheet that require specific information from more that one report.
August 14, 2020

Fund Accounting does what it should - accounts for funds

KK
Kayza Kleinman
CIO / Director of Nonprofit Helpdesk
Jewish Community Council of Greater Coney Island, Inc (Non-Profit Organization Management, 51-200 employees)
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
No - overkill, too expensive, too complicated
  • Small Budget
  • Simple structure - few programs, funding linked one to one to programs.
Yes- powerful and flexible
  • Many government contracts (especially large ones)
  • Moderately Complex funding structure.
Maybe - Very complex projects and very large organization
August 12, 2020

Newbie's Review

Verified User
Account Manager in Finance and Accounting
Hospital & Health Care Company, 51-200 employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I primarily work with the AP section of the program. One of the biggest issues we've encountered is the difficulty in fixing entry errors after posting. We've had a couple of incidents where an incorrect entry should have been simple to fix, but wasn't. When reversing an entry error, the number of steps needed is too much (get the session id, the doc number, enter a new session, reverse the entry, exit, new session, enter the corrected doc) - it would be nice if this could all be done in one screen (like within Vendor Balances).
August 12, 2020

Abila MIP Fund Accounting keeps us paying our bills and paying our employees!

Ellen DiGiacomo | TrustRadius Reviewer
Ellen DiGiacomo
Director of Technology
Leadership Public Schools (Education Management, 51-200 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
For a small to medium business I would certainly recommend MIP Fund Accounting. I probably would tell them to go with the hosted version if they did not have any internal tech support to have their own server. They would not have to worry about updates etc. It's great that when MIP does come out with a new version it is very easy to implement for the users on a one to one basis. I really like the Auto Backup features anytime you logout of the database....this ensures you always have a recent backup of what you just worked on.
August 11, 2020

MIP is a customizable and sensible tool for your financial needs.

Verified User
Account Manager in Finance and Accounting
Non-Profit Organization Management Company, 201-500 employees
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I can see where MIP would be a great tool for retail or operations that use a complicated GL string. If MIP would talk to other medical software it would make our lives a lot easier and would eliminate the need for double entry.
August 11, 2020

Abila - One Stop Shop

Chanette Oeser | TrustRadius Reviewer
Chanette Oeser
Finance Director
Opportunity House, Inc (Non-Profit Organization Management, 51-200 employees)
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Having worked in the same industry for over 25 years it is difficult to speak to industries where MIP is less appropriate. It works well in the Non-Profit industry. The chat support is exceptional and very helpful in times of trouble.
January 29, 2020

An excellent accounting product for any non-profit!

PW
Paul Wetterholm
Assistant Controller
Aspire Public Schools (Education Management, 1001-5000 employees)
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP is well suited for any small or medium-sized non-profit or government organization. With MIP, an organization would have the potential to have MIP to process payroll, manage procurement and associated workflows, create budgets for the entire organization, and do all the necessary financial reporting required. It has the ability to be configured to meet the needs of almost any organization. It might not be the best suited product for a business that wants to integrate a number of other systems it currently has to MIP. MIP has had procurements businesses such as Microix that have built-in integrations to the system and outside of this, it would be costly and time-consuming to build out a separate procurement system as it does not have strong integration capabilities at this time.
April 15, 2019

Grant and Membership Funded Nonprofit Member's Review.

Daniel Davis | TrustRadius Reviewer
Daniel Davis
Chief Financial Officer
Access to Healthcare Network (AHN) (Non-Profit Organization Management, 51-200 employees)
Score 4 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting is well suited for a grant based non-profit with minimal membership capacity. Organizations that need very detailed information will find MIP extremely effective in documenting transactions in a very robust and transparent manner.

MIP Fund Accounting is very poorly suited for large volumes of transactions that need to be processed simultaneously, such as invoicing thousands of members in an individual batch.
April 12, 2019

Jackrabbit

Verified User
Supervisor in Finance and Accounting
Non-Profit Organization Management Company, 51-200 employees
Score 6 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Bank Reconciliation is my favorite module. I like the way it flows and the way the various tabs are identified (I may just enjoy this part of my job more). I do find that correcting errors after posting is very frustrating and could use improvement.
April 09, 2019

Great for Non-Profits!

ET
Eris Tanner
Sr. Accountant/Controller
Great Plains Tribal Chairmen's Health Board (Non-Profit Organization Management, 51-200 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Well-suited for basic accounting, I would give it an 8. Drill-down would be nice on the general ledger to be able to look at the original entry. Maintaining the year codes and distribution codes is much too involved-this needs to be streamlined. Would be nice to be able to update information on encumbrances and purchase orders prior payment. The accounts receivable module is a bit of a nightmare-we don't use the invoicing function as it is too involved for our company. While the Accounting function deserves and 8, I would only give the payroll function about a 4.5-sorry.
March 22, 2019

Simple but effective

Verified User
Employee in Finance and Accounting
Health, Wellness and Fitness Company, 501-1000 employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I would recommend this software for advanced accounting users. It would be less appropriate for inexperienced clerks. Also, I found a lot of useful tips and tricks during the live training that I would have otherwise missed. It is a great reporting tool, with the ability to isolate some classes of assets and generate different report scenarios.
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