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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

(26-50 of 430)
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June 05, 2023

Highly recommend

JW
Jan Warren
C-Level Executive in Finance and Accounting
Benton Franklin Workforce Development Council (Non-profit Organization Management, 1-10 employees)
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
We have a fairly complex cost allocation process and MIP Fund Accounting works well to reduce the staff time needed. The ability to create customized reports is a big plus, especially for board requests and detailed reports by fund or grant or division.
June 03, 2023

Abila - a great segment reporting tool.

Donavan Lam, CPA | TrustRadius Reviewer
Donavan Lam, CPA
Chief Financial Officer
National Asian Pacific Center on Aging (Non-Profit Organization Management, 11-50 employees)
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I believe MIP is suited for organizations that have complex funding structures. Especially those organizations who have multiple funding sources with agencies that require different expense categories to ensure expenses are properly classified. I think MIP is not appropriate for small organizations whose chart of accounts may be less complex in addition to a lower operating budget.
June 01, 2023

MIP Fund Accounting Review

Verified User
Manager in Finance and Accounting
Non-profit Organization Management Company, 201-500 employees
Score 6 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting is good for basic accounting transactions. MIP segments allow for a wide variety of reporting options. MIP's allocation module is great for automating some journal entries. MIP is not user friendly, has a high learning curve, is not good for reporting, and can create issues with its lack of pre-defined reports.
May 30, 2023

Make your life easier by purchasing this software and you will not regret it!!!

Verified User
Professional in Finance and Accounting
Fishery Company, 11-50 employees
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting is well suited in the following ways: The ability to use the budgets module enables better planning, implementation, and monitoring of our various activities during the fiscal year. The Multicurrency module allows us to meet the requirements of our various donors who may request that reports be submitted to them in different currencies. In my opinion, MIP Fund Accounting may be less appropriate in the following ways: This software is most suitable for medium to large organizations with complex functions in order to utilize various modules adequately. There are a lot of small organizations that can utilize all or most of what this software offers. However, the cost can be a major factor when considering acquiring this software.
May 30, 2023

Abila MIP meets my needs!

Verified User
Team Lead in Finance and Accounting
Individual & Family Services Company, 201-500 employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Based on what I remember from our old software, MIP has been a huge upgrade and saves an immense amount of time. The company I work for uses fund accounting. We have different databases all of which are accessible through the main sign in screen. This saves an incredible amount of time when reporting.
May 30, 2023

Review from a minimal user of Abila MIP Fund Accounting

Verified User
Administrator in Finance and Accounting
Higher Education Company, 1-10 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I think MIP is well suited for bookkeeping for a small business. It does everything we need it to do and keeps our financial records organized and in good shape. I am unsure where it might be less appropriate, as we use it for our bookkeeping needs only and have not tried to use it for other things. I also personally do not have experience with other programs to compare.
May 03, 2023

Positive

Verified User
Administrator 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
The accounts work and show the programs great. You can run a report showing the balance of a specific program or Fund. You can get the balance by Account or by fund or program. You can run a report showing all that makes up the program or fund.
April 25, 2023

MIP Does the Job

Verified User
Employee in Finance and Accounting
Non-profit Organization Management Company, 11-50 employees
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
We use MIP because we have used it for a long time and it is tailored for non-profits. However, the main accounting product is based on old technology and the add on modules are limited in how they work due them having to interact with old technology. I wish for a way to streamline how MIP functions that isn't based on old non-intuitive technology.
April 21, 2023

I do indeed like it a lot :)

Verified User
Administrator in Finance and Accounting
Financial Services Company, 51-200 employees
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
It's always easy to access and pull information from when it comes to my contracts. It even has contracts dated and data saved from years ago. MIP documents and saves everything in a formatted manner that is easy to locate and find.
April 19, 2023

MIP Reporting is second to none.

MF
Marci Faulkner
Finance Specialist
Ravalli County Council on Aging (Non-profit Organization Management, 11-50 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP is fantastic for accounting and payroll services. It allows the company to keep most everything in house, rather than paying higher rates outsourcing their accounting and finance. The reporting capabilities are amazing. There are ways to create any overall summaries and dive down to individual transactions if needed. Highly recommend MIP for your business needs.
April 19, 2023

MIP Fund Accounting does it all! You don't need anything else!

DK
Dawn Kanzler
Fiscal Operations Manager
Tri-County Opportunities Council (Non-profit Organization Management, 201-500 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I have used MIP Fund Accounting for 32 years. I converted the DOS version over to WINDOWS by myself. The software is user-friendly with pictures and charts on the different processes with checklists and procedures for each category. I highly recommend using this software over others.
December 08, 2022

Great product that is easily customizable.

Verified User
Administrative Assistant in Finance and Accounting
Non-profit Organization Management Company, 1-10 employees
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I tried a couple of other funds accounting software, and we had staff that was familiar with MIP. I then chose MIP for both companies. I know we get accurate information out of MIP as long as the information put in is good. MIP is a little clumsy for AR billing, but maybe it would be easier to use if it was available in the cloud module (or if it is, I haven't been able to see it).
November 21, 2022

Happy Customers

Verified User
Director in Information Technology
Education Management Company, 51-200 employees
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
With a small staff, we are able to use all the features that we need to be successful. We have been very happy with the product. Several situations have required a few people to access and process forms or information and were easy to complete. The tax forms work well.
September 13, 2022

MIP is good if you know how to use it.

Deborah Boysen | TrustRadius Reviewer
Deborah Boysen
HR and Accounting Admin
Friends of the North Carolina Museum of Natural Sciences (Non-profit Organization Management, 201-500 employees)
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Reporting on multi-levels within an organization is very good. If needed to report by account, unit, program, grant, etc., this can be very robust. Finding the reports that are needed are very difficult. Anything that isn't canned is not easy to figure out on your own. It is not intuitive for a new or experienced user.
June 29, 2022

Healthcare? Grants? Departments? Budgets? YES!

MF
Maryann Freepartner
Accounting Manager
Peninsula Community Health Services of AK (Medical Practice, 51-200 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
If you want to use grant reporting and departmental reporting, this product works very well. It works well with basic accounting tasks and reports other than aging. It has a good amount of internal integrity, i.e. you cannot have a difference between your AR sub ledger and the AR general ledger account. This is a great product if you are well skilled in using Excel to convert text to data, create pivot tables and manipulate report presentations. With the cloud version, you have access to a "classic" view that mirrors the former product and a new "online" version which is sometimes easier to use and more visually accessible in some screens.
June 21, 2022

MIP Fund Accounting brings an array of tools for accounting needs!

Verified User
Professional in Information Technology
Utilities Company, 51-200 employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting has the tools that show that it is a here-to-stay platform. You can tell it was designed with a long-term idea in mind. The highlight of MIP Fund Accounting would be its payroll options. Very easy to use and functions well, when it does not support is able to jump in and fix any issue we might have.
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