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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

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 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

(201-225 of 430)
Companies can't remove reviews or game the system. Here's why
Heather Keene | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
I love the newest update of MIP software, that the Payroll and the AP modules intertwine and I do not have to get out of one module to go into the other module. I work with both modules daily and it was time-consuming hopping from one module to the other. This software is very user friendly and great for any company needing to get some organization in their payroll and accounting systems. There are lots of "extra" modules our company would like to buy, but they are a little pricey.
January 24, 2017

Unhappy

Score 5 out of 10
Vetted Review
Verified User
Incentivized
If you are an organization that wants to have lots of detailed reporting then it's good, but you will need a very intelligent person to use it. Our organization will be moving to QuickBooks later this year.
Kathy Flinn | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund Accounting is well suited for payables and payroll but it does not help with inventory. We have also started using MIP HR Manager and it links to MIP Fund Accounting and that has been a good fit for our agency. We are able to update HR Manager but it also updates data needed in MIP Fund Accounting.

Score 9 out of 10
Vetted Review
Verified User
Incentivized
If you have multiple entities you essentially need to set them up as multiple funds, you can however break out data to get back out the entity level data that you need. It is a solid fund accounting system.
Ed Holcomb | TrustRadius Reviewer
Score 4 out of 10
Vetted Review
Verified User
Incentivized
MIP is better suited for a larger organization where the different modules can be helpful in using only one program instead of several. MIP could be more adaptive to newer operating systems such as Windows 8 and 10.
January 10, 2017

Abila review

Score 9 out of 10
Vetted Review
Verified User
Incentivized
MIP works well for us but is expensive. We are a small organization and wanted something more robust than QuickBooks for our accounting function. Cost went from $40/month to $557 (with third party server support).
December 23, 2016

MIP Review

Score 8 out of 10
Vetted Review
Verified User
Incentivized

The software allows a huge range of distribution over many different funding sources and services. If you need to carefully track your funding revenue and related expenses for several different revenue streams this is excellent.

If you are a small business with only one or two areas that you need or desire separation this program is much more than what you need.

December 21, 2016

Reporting life saver!

Shane Bennett, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
We have several board policies that limit amounts we can spend per participant/client in certain categories (training, supportive services, etc) and MIP Fund Accounting allows us to create reports that make it easy to track our spending. When we have state monitors, they will sometimes select a sample of participants/clients and ask what we have paid for them; MIP Fund Accounting makes it easy to report on detailed costs per participant/client.
December 20, 2016

MIP for all your needs!

Susan Hartenstein | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
MIP is very well suited to organizations that need to code items into various categories. We have over 800 different funds and MIP allows us to code into these codes and even break it down even further within those codes.
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