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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

(821)

Attribute Ratings

Reviews

(151-175 of 430)
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March 20, 2019

Very user-friendly and great online support

Verified User
Account Manager in Finance and Accounting
Education Management Company, 51-200 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP has a great variety of options. You can customize the system reports and you can save and lock them so other users can not mess them up. This is extremely useful when you need reports once a year for audit purposes and you can run them with a click of a button. I wish all reports can include unposted transactions. MIP is great and easy to navigate and has great chat support, as well as a university website and forum groups where users can share their experience and recommendations. MIP listens to its users and upgrades and streamlines very often.
March 05, 2019

An A/P Accountant Perspective

Verified User
Employee in Finance and Accounting
Government Administration Company, 201-500 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP would be well suited for a small company with small average data entry lines for one transaction. It would be a terrible idea for a company that has more documents which require 100 lines of code or more. The reason being because as an accounts payable accountant, the MIP software freezes often whenever I need to enter transactions of 100 lines of code or more.
January 23, 2019

Fund Accounting made Easy!

DA
Diane Angell
Administrator
Spring Lake Improvement District (Government Administration, 11-50 employees)
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Switching from QuickBooks to MIP fund accounting made it so much easier to truly do my job. [We are] able to have one company with separate funds and departments. Being able to create the accounting code segments to suit your personal needs was nice. The only downside is make sure you are truly satisfied with your accounting code setup because you can't change this after you are using the software. In my case I added an activity code that I don't use.
January 22, 2019

The best for accounting and administration in your organization

Cesar A Siso L | TrustRadius Reviewer
Cesar A Siso L
Analista
GDC - VEN (Government Administration, 1001-5000 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
If you need a tool to manage the budget, accounting and administration of your business, then MIP is for you. This software goes beyond, because you can handle a lot of things simultaneously, you can manage and track your budget, administration and accounting with a great interface and even in your devices. Unfortunately, it is an administration software and if you work in a project that is going to be changing continuously the app can be a little useless, because every change you do will demand a lot of time and that is not very useful.
January 21, 2019

A well packaged solution for smaller non-profit organizations

Bruce Emmerling | TrustRadius Reviewer
Bruce Emmerling
Digital Media Specialist
Digital Media Specialist (Information Services, 11-50 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
The product is really well suited for small to medium non-profit organizations and other types of operations. Its features might not be as applicable for commercial businesses or large organizations. Some organizations may want to weight its fees and costs when choosing the product. Overall its features are well integrated and quite useful for organizations that may not need a more complex accounting product.
January 21, 2019

Abila is a great system for non-profits

David Gerber | TrustRadius Reviewer
David Gerber
Vice President/Finance
Greater Erie Community Action Committee (Non-Profit Organization Management, 201-500 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP is fully integrated and allows us to have access to real-time data. It is easy to use and navigate. We are able to create many financial statement report formats that allow us to match a grant for reporting. I would love to see a grand total at the end of a report when you use page breaks. That would be extremely helpful.
January 18, 2019

MIP Saved The Day!!!

Joan A. Cox, CMA CPA | TrustRadius Reviewer
Joan A. Cox, CMA CPA
Chief Financial Officer
Head Start of Greater Dallas (Non-Profit Organization Management, 501-1000 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend

MIP is well suited for organizations with multiple funding sources, multi-year and cross-year reporting, and numerous cost centers/expense charge codes. The common chart of accounts helps with consistency in reporting across an organization and to external users. Consolidation of different grants is easy to complete and reporting can be performed on any time period.

I don't [think] it is appropriate for smaller organizations that do not have complex accounting or reporting requirements. Many nonprofits have a small staff which might find MIP more structured than they may need to their reporting.

January 16, 2019

Abila MIP Fund - A useful tool!

Verified User
Analyst in Corporate
Information Services Company, 501-1000 employees
Score 6 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I think that MIP Fund Accounting is well suited to helping nonprofits raise funds in an efficient, trackable, and compliant manner. It is relatively easy to understand and interact with the interface and I think that its display, in general, is pretty user-friendly. Another thing that we have used its product for is prepping for audits!
January 15, 2019

I recomend Abila!

KK
Kayla Klinger
Fiscal Officer
Human Response Network (Individual & Family Services, 11-50 employees)
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
We are a small company with around 30 employees, some full-time and some part-time, with funding from multiple sources but mostly government grants. It works great for our needs. It would be well suited for a company with less employees and less programs that do their own payroll and program management. It would be well suited for a company with more employees and more programs that also do everything in-house. Companies could forgo the Payroll module and still get good use out of it with the A/R and A/P and Budget modules. I cannot think of a scenario where MIP is less appropriate.
September 26, 2018

An Accountant Perpective of Abila MIP Fund Accounting

Joselito Perez | TrustRadius Reviewer
Joselito Perez
Senior Accountant
The WorkPlace (Staffing and Recruiting, 51-200 employees)
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP is suitable for non-for-profit companies that need to manage different funds and track activity individually by funding. Because of the cost associated with MIP, I would not recommended for small non-for-profit organizations or companies that do not have extensive funds to track separate.
April 17, 2018

Abila MIP - Not my first choice

Ryan Husbands, MBA, CPA | TrustRadius Reviewer
Ryan Husbands, MBA, CPA
Director of Finance
National Italian American Foundation (Non-Profit Organization Management, 11-50 employees)
Score 6 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP gets the job done, but there are so many improvements that could be done to it. Also, I find that the waiting time to talk to MIP customer support could be improved...I often wait over 30 minutes to speak to someone.

I think that its commensurate to the needs of any small to medium sized organization, but I wonder as to how competitive it would be for large scale entities.
February 26, 2018

MIP Good for use in FQHC's

Erich Koch | TrustRadius Reviewer
Erich Koch
CFO
Tyler Family Circle of Care (Hospital & Health Care, 51-200 employees)
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Because I work in the FQHC world, I would recommend this product specifically for any business or end user within that field. This product allows people in this field to comply with federal reporting requirements, makes it easier to track grants, and allows for the slicing and dicing of financial statements in many ways which is important in this field. This product is good for most day to day accounting functions and is pretty robust as well for an FQHC. This product is probably less appropriate for large healthcare systems where you want to keep track of statistics which this product cannot currently do.
February 03, 2018

Great product for small companies that have the potential to grow

AL
Anna Lee
Finance Program Office
New Visions for Public Schools (Education Management, 201-500 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
It is very easy to run reports to get information quickly. And it is also easy to change the report output to make sure you are only getting the most essential information.

It is not very easy to find out if an invoice has been paid if a program person came to ask. I also wish it was easier to search for a vendor by location or EIN (in case the vendor changed their name).
January 16, 2018

Community Health Center Review of Abila MIP fund Accounting

Maryann Freepartner | TrustRadius Reviewer
Maryann Freepartner
Accounting Manager
Peninsula Community Health Services (Health, Wellness and Fitness, 51-200 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend

We have multiple departments and multiple grants that cross departments, so having the GL-Dept-Grant account coding enables you to pull reports by grant, by department, and by any combination thereof. Additionally you can download the information to Excel and create a matrix report to review data and give you operational input.

Because the software is purchased module by module, I would recommend really looking at your needs to see if you need the power of MIP or if a less sophisticated process would work equally well. For example, the fixed asset module is more than we need, so we use another program and copy over the journal entries to MIP.

January 12, 2018

Non Profit accounting solutions

LG
Luis Godoy
Bookkeeper
UNITE HERE Local 11 (Accounting, 51-200 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
This software is great for non profit organizations that need to comply with yearly audits. Its saves our organization a lot of time to be able to run reports for our yearly audit. The reports can easily be run, and new reports can be created with ease with little experience.
January 09, 2018

Abila - Great FInancial Software for medium to large non profits

Shirley Merrick | TrustRadius Reviewer
Shirley Merrick
CFO
Capital Area Agency on Aging (Non-Profit Organization Management, 11-50 employees)
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP is great for working with medium sized and up companies but is really complicated for small agencies. I know of a small agency with the software that constantly has trouble navigating the software. They sometimes contact us for assistance because we are using MIP.
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