Skip to main content
TrustRadius
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.

Read more
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 …
Continue reading
Read all reviews

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

View all pros & cons

Video Reviews

1 video

View Playlist
MIP Fund Accounting Review: Serves As A Customizable Accounting Solution Software
01:14
Return to navigation

Product Demos

Introduction to MIP Cloud Accounting Software

YouTube
Return to navigation

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).
Return to navigation

Comparisons

View all alternatives
Return to navigation

Reviews and Ratings

(821)

Attribute Ratings

Reviews

(51-75 of 430)
Companies can't remove reviews or game the system. Here's why
May 25, 2022

MIP Love!

Verified User
Administrator in Finance and Accounting
Non-profit Organization Management Company, 51-200 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I would recommend MIP to colleagues. It is a very intricate, sensitive system. Once you are comfortable in it, it truly is a powerful tool. Sometimes there are frustrations as it is not intuitive. You really have to know what every single check box does. For example, direct deposit in HR. Once you enter the bank info, you have to go back to select the direct deposit check box. If you do not, it will not activate the DD. I would think it would be intuitive enough to know if you are entering bank information, it would activate the DD. Or have the check box on the same tab.
May 14, 2022

Great product, great price

KS
Kimberly Spencer
CFO (Chief Financial Officer)
Coastal Plain Regional Library System (Libraries, 51-200 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting is well suited for organizations with many funding sources and restrictions on how those funds can be used. The reporting is very customizable which makes it easy to design reports that answer grantor or donor questions. I do think the software requires a bit more accounting knowledge than some other systems I've used, but I do not find that a drawback.
May 14, 2022

MIPleased!

Verified User
Director in Human Resources
Government Administration Company, 201-500 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Again, I think payroll is a very simple process. I also like that end-of-year tax forms (W2, 1095-C) are fairly easy to navigate through for processing.
May 12, 2022

Abilia for nonprofits

Verified User
Consultant in Finance and Accounting
Mental Health Care Company, 201-500 employees
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Abilia works extremely well in grant accounting, cost center, and program reporting. Abilia is easy to drill down into the detail supporting individual accounts in a particular cost center or program. Abilia has good functionality in creating a billing system to easily prepare monthly tuition bills for individual school districts. Abilia also has robust fund accounting built into its financial system.
May 02, 2022

MIP is Adequate

Verified User
C-Level Executive in Finance and Accounting
Non-profit Organization Management Company, 11-50 employees
Score 2 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
We have had difficulty getting information out of the system for our reporting and planning purposes. It's kept us pretty manual on anything outside of transaction recording.
April 29, 2022

MIP know what it’s doing

Larry Parish | TrustRadius Reviewer
Larry Parish
Assistant Director
ATTIC, INC (Non-profit Organization Management, 11-50 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
If you had to run multiple dba you might want something different. It can get confusing changing the modules on the payroll. I have forgotten many times. It is great for small nonprofits. Pretty straightforward and easy to use.
April 27, 2022

The good, the bad, and the ugly

Verified User
Director in Finance and Accounting
Non-profit Organization Management Company, 51-200 employees
Score 2 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
The product does allow flexibility to create as many funds as needed with varying start and end dates, which is very helpful when you have a multitude of grants with different start and end dates. Unfortunately, that flexibility results in a lot of extra work to complete routine accounting; journal entries that would normally take two lines take at least 6. And nothing is automated so all of the lines are completely manually entered which allows for human error and requires careful review. I have used a wide variety of accounting software programs and this is by far the worst I've ever used.
April 08, 2022

MIP Works for Non-Profits

Joanne Jenkins | TrustRadius Reviewer
Joanne Jenkins
Accounting Clerk
Peninsula Community Health Services of Alaska (Health, Wellness and Fitness, 51-200 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Entering payables is extremely easy and user-friendly. This leads to balancing the bank account being very easy to accomplish each month. I love the Cloud Version for looking up invoices that were paid and balancing out statements. So much easier to read and I like that you can customize the dates.
April 06, 2022

MIP-one of our best choices!

MT
Melody Troesser
Finance Director
Alternative Community Training Inc (Hospital & Health Care, 201-500 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
It is well suited to non-profit accounting, with the UDF available to further code items as needed. It is especially applicable to the size of the agency we have (budget of 10M). The payroll and HR modules should be better suited to an agency size of ours (300 employees annually). We would love to have the payroll and HR modules so they would integrate straight to the GL but have determined the functionality is not robust enough for the agency and the turnover.
April 01, 2022

MIP Fund Accounting - Affordable Fund Accounting Solution

Douglas Gates | TrustRadius Reviewer
Douglas Gates
Chief Financial Officer
SCPa Works (Non-profit Organization Management, 11-50 employees)
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP is a great non-profit fund accounting software that is extremely functional, flexible, and affordable. There is newer software out there that has additional bells and whistles, but those all come with significant costs that may be prohibitive to many non-profit organizations both large and small.
March 30, 2022

Great for Grants!

AG
Amy Gillette
SVP of Finance
Frost Science (Non-profit Organization Management, 51-200 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting is great for any non-profit organization that needs to manage grants or multiple sources of funds. It can be a bit confusing for non-finance personnel so if an organization wants broader access, this program doesn't provide dashboards, charts, or things of that nature that help non-finance personnel easily visualize data.
March 30, 2022

MIP- even more than you thought you needed

NP
Nina Posidelow
Controller
Family Resource Network (Non-profit Organization Management, 201-500 employees)
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP is able to handle all accounting needs. They offer add-on modules to include payroll, eft payment, and other functions. I wouldn't recommend MIP for small enterprises with limited accounting needs, as it is an in-depth accounting program.
March 29, 2022

MIP - a good value solution that offers many extended features once you master the software

Brian York | TrustRadius Reviewer
Brian York
Director of Finance
Oregon Human Development Corporation (Non-profit Organization Management, 51-200 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
If they are a small to medium non-profit it's an excellent fund accounting solution. It's cost-effective and relatively easy to use. Getting good advice about the setup is very important, it can be cumbersome if, for example, too many segments are set up. The out-of-the-box functionality can be enhanced through the purchase of additional modules, such as Payroll or Accounts Receivable.
March 28, 2022

Great for small non-profit!

Verified User
Director in Finance and Accounting
Non-profit Organization Management Company, 201-500 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
I have a background in using SAP, so I have a lot of experience with that product. While SAP established some of my expectations, that is a much more expensive product that isn't necessarily suited for a smaller business or non-profit. For the smaller, non-profit environment, MIP works quite well. So I would definitely recommend the product for a similar environment.
March 28, 2022

Easy and Flexible Reporting Features

Verified User
Professional in Finance and Accounting
Non-profit Organization Management Company, 11-50 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
It is a great program when a lot of detail is required for each transaction. It can be complicated if that extra detail is not needed though. I appreciate the various modules that are offered. Currently we don't use the cloud based platform although I expect that is in our future.
March 26, 2022

MIP Fund Accounting to the Rescue

JC
Joan Cox
CFO (Chief Financial Officer)
Head Start of Greater Dallas Inc. (Education Management, 201-500 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP Fund Accounting is well suited for financial reporting at a detailed level with flexibility in report formats; combining various reporting units and reporting grants across multiple time periods. Budget development is not a feature of the software which could use the previous budgets as what-if scenarios to begin a new budgeting process.
March 26, 2022

MIP is different but does the job quite well

Verified User
Employee in Finance and Accounting
Accounting Company, 51-200 employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Importing our payroll allocation from an Excel spreadsheet is very efficient Most of our staff are allocated to different programs/grants, so using distribution codes is very helpful In MIP, you can't just go into a posted journal entry and make a revision. You have to reverse it and re-enter it correctly. Initially, this seems a bit tedious, but you get accustomed to it with time.
March 26, 2022

MIP Fund Accounting: Efficient and Flexible Reporting

BM
Bruk Mulaw
Director in Finance and Accounting
West Metro Fire Rescue (Government Administration, 201-500 employees)
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
MIP works well for not-for-profit or governmental accounting, with a focus on fund accounting and budget controls. The system allows to track costs and generate reports at various levels of authority, including fund, cost unit, program, object-level reporting. The system also allows soft closing without having to do actual year-end closing of the books.
Return to navigation