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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

(301-325 of 430)
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September 13, 2016

MIP review

William Clark | TrustRadius Reviewer
William Clark
Executive Director
Michael Reese Research and Education Foundation (Non-Profit Organization Management, 1-10 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I believe it is very well suited for our non-profit fund accounting. I do not have enough experience to know how well it would function in a for profit business.
September 12, 2016

Abila for small non-profit with three divisions

Verified User
Administrator in Finance and Accounting
Non-Profit Organization Management Company, 11-50 employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I have found MIP is very well-suited for tracking revenues by specific funder, and for tracking expenses by specific project. It is well-suited when you need or want to create a customized chart of accounts that works with your unique business model. I have made it work to consolidate multiple organizations but have found this process to be difficult and clunky when attempting to consolidate organizations over more than one fiscal year.
September 12, 2016

MIP Fund Accounting friendly and has potential

Verified User
Employee in Finance and Accounting
Education Management Company, 11-50 employees
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting is user friendly, the import feature is quite useful, and the ability to produce a variety of reports in a multitude of mediums is extremely helpful. I appreciate the ability to modify IDs of customer and vendors for name changes or association structure updates. Improvements to specific areas of the import feature would be helpful. Allowing for change in IDs for other areas such as GL codes, field lengths, more specific customer/vendor activity reporting options would make the software more functional.
September 09, 2016

Abila Review

Verified User
C-Level Executive in Finance and Accounting
Non-Profit Organization Management Company, 11-50 employees
Score 6 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend

Well Suited: Multi-user, multi location environment

Less Appropriate: Expensive for a small not-for-profit, may be a little overkill for our needs. Reporting is cumbersome to download. Import function is also cumbersome.

September 09, 2016

Abila MIP Fund Accounting - Great for Non-Profits

Tamour Kousha | TrustRadius Reviewer
Tamour Kousha
Chief Financial Officer
New Jersey Community Development Corporation (Non-Profit Organization Management, 51-200 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend

MIP Fund Accounting is well suited for use by non-profit organizations. Our organization has one parent company, with eight subsidiary entities, and we operate a significant amount of programs which are funded by various granting agencies. MIP has allowed us to properly track our dollars by funding source and program, and allowed us to create custom reports that align with the various reporting requirements of these granting agencies.

MIP Fund Accounting may be less appropriate for an agency that has a smaller operating budget, less number of employees, and only a few streams of revenue. In my opinion, the software would be too sophisticated for a smaller agency.

September 09, 2016

Mip Fund Accounting - Growing with Abilia

Verified User
Employee in Finance and Accounting
Education Management Company, 501-1000 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
The Bank Reconciliation module has been upgraded and there is no longer the need to run separate reports to print the cleared checks, cleared deposits and cleared other items. The Accounts Payable module is not robust enough for our needs so we added Charter AP to integrate with MIP. The Budgeting module didn't meet our needs so we added Adaptive Planning to integrate with MIP.
September 09, 2016

Beware poor database implementation issues.

Verified User
Technician in Information Technology
Individual & Family Services Company, 51-200 employees
Score 2 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
When pricing this application I would recommend that you consider either the hosted option if MIP will stand by the performance of the application when they host it or, if you insist on hosting it for yourself, go for a full license of SQL standard for the database, SQL express slowed our instance down to the point that every click meant waiting one or two seconds and sometimes longer. This really adds up for the users who are in this application all day, every day, and could even make issues for a supervisor who needs to approve timesheets for a 10 or 12 person team every couple of weeks.
September 09, 2016

GoFundAmerica with Abila MIP

JL
Julie Livingston
Accounting Director
United Way of Lancaster County, PA (Non-Profit Organization Management, 11-50 employees)
Score 6 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
It is a strong and flexible program which makes it a great tool for people with many different needs that are industry specific. Along with that it is difficult in a smaller organization to have the time to build and change things you need once or twice.
September 07, 2016

MIP Fund Accounting is So So

BJ
Bianca Jurczak
Payroll & Benefits Manager
Community Connections Inc. (Individual & Family Services, 201-500 employees)
Score 4 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
The system is impractical for biweekly or weekly payroll because you cannot log time in on a daily basis unless you use the HR EWS module. Works well for monthly and semi-monthly payrolls because you can capture all the hours worked in a month and this is now required to comply with the ACA.
September 06, 2016

Abila is great for multiple funding sources and periods.

Marie Cline | TrustRadius Reviewer
Marie Cline
CFO
North Georgia Community Action, Inc. (Non-Profit Organization Management, 51-200 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Any non-profit that deals with grant reporting and multiple funding sources with different reporting periods would be a good match for MIP. However, someone with no accounting background probably would find it too complicated and should use a different product.
September 02, 2016

Review at a Glance

Verified User
C-Level Executive 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
I recommend it for use when extensive tracking is need. You have a fund code, GL code, dept code, activity code, etc. I have not used the payroll/hr side so I can not speak to this.
September 02, 2016

Loving Abila

Verified User
Administrator in Finance and Accounting
Government Administration Company, 201-500 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Well suited for reporting and many different formats. Love this feature. We don't think it was ever set up correctly. This is not MIP's fault. Possibly the fault of a previous controller deciding to bypass fund accounting.
September 02, 2016

Non-profit grant-making point of view

PC
Pat Chase
Office and Grants Manager
Indian Land Tenure Foundation (Non-Profit Organization Management, 1-10 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
As noted in the previous question I discussed the grant-making "vendor" process and need to simplify - albeit on our end, not yours. The fund accounting aspect is what we needed given grant dollars needing to be billed to various and multiple different funds. That's the reason we moved to MIP and it is serving our needs very well. Other aspects I find challenging are more internal user - the adage of garbage in/garbage out. Internally we need to be better with coding billable activities to the right account and not "assuming" especially since it was done one way before doesn't constitute an always.

September 02, 2016

Abila- Nonprofit Review

Verified User
Account Manager in Finance and Accounting
Accounting Company, 1001-5000 employees
Score 6 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP is strong in purchase orders and invoicing. These functions are easy to use and easy to extract information. Being able to reverse documents/sessions is important when dealing with over 1000 vendors.

It is hard for me to discuss less appropriate scenarios because there are functions of MIP we do not use. For example, the purchase requisition module is not used because we have too many employees within Bethel who have to be approved signers. It wold be more chaotic for us to use it right now.
September 02, 2016

The MIPpet SHOW

MB
Matt Brager
Fiscal Manager
Dane County Parent Council (Individual & Family Services, 201-500 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting is very flexible for budgeting according to multiple means of carrying out the process -- historical or automatic or manual distribution in worksheets. Grouping assists in presenting financials in grant reporting formats. The ability to copy reports and tweak as necessary allows for great time-savings in setting up new reports.
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