MIP Fund Accounting

MIP Fund Accounting

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Top Rated
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Score 8.5 out of 10
Top Rated
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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

Happy Customers

10 out of 10
November 21, 2022
It works well. We have used it for several years and have had very few issues. Support has been very responsive and effective. The product …
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MIP Love!

8 out of 10
May 25, 2022
We use MIP for all of our accounting needs; accounts payable, accounts receivable, allocations, payroll, HR, bank reconciliation, and all …
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MIPleased!

8 out of 10
May 14, 2022
We use MIP Fund Accounting for our HR and Accounting functions. We run a lot of reports using the MIP Fund Account. Sometimes the reports …
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How MIP Fund Accounting Differs From Its Competitors

Implementation Support

Implementation of the product seemed easy enough. It was already in use before my first day. I've haven't had any problems using it. Neither has anyone else that I know of. System documents & modules are configured to our company's specific needs.
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Training Support

I've used View Help, the Customer Community, MIP Website and What's New for various updates, tips, and resources. I've learned things that I wasn't taught initially. It helped me get a better understanding of my position at the company and nonprofit accounting in general.
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Deployment Flexibility

We use MIP Fund Accounting on-premise. The flexibility of it helps us with everyday transactions & activities. I feel it gives me a better understanding of nonprofit accounting. It helps me to understand what I've learned in college.
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Training Support

The Knowledge Base is helpful and the Community Brands MIP Fund Accounting Discussion group is a great place to learn from others who are using the system. I've learned more from discussion group and I try to participate and help others with questions they have.
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Deployment Flexibility

We use MIP on-premise. I don't see us transitioning to the cloud. The ability to restore the back-up at any time for the on-premise comes in really handy. Most of the time, the back-up is restored when payroll is being processed. Staff click a wrong button or put in a wrong date and instead of …
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Implementation Support

MIP (the name has changed since I came on board) has always been our Accounting Software. We recently moved to the cloud (2 years ago) and the client services was vital to our implementation. They fully worked with us on the date we would be starting with it, how it would work, what to expect, …
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Training Support

I have used some of the free training they have provided, but I like going in there and checking out the white papers available. I am not sure if it enhanced my use of the program, but I definitely have learned some things outside of the software itself for our non-profit. There is so much …
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Deployment Flexibility

We moved to the cloud about 2 years ago. The benefit to moving to the cloud was freeing up space on our server. This was going to be a very expensive thing to deal with and moving to the cloud was the economical benefit to us. Yes the cloud does cost more than the classic version, but not having …
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Training Support

I took the Management Setup course, and am signed up for the Management Processing and Report Writer classes for next week. The one I have completed so far gave me some insight on how to better utilize the system.
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Deployment Flexibility

We are on-premise. I think that eventually we may wish to switch to the cloud, but it's not in the budget at this time. The only issue with the on-premise version is that we, as the final users, are not able to run the updates. Sometimes (especially at the end of the year) this causes us to delay …
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Effectiveness at Managing Multiple Fund Sources

MIP is very flexible and can be customized to your specific industry and needs. Would work well for a medium sized non-profit for tracking multiple funds and sources. And any module you buy for MIP was actually developed by them so it doesn't end up a hodge podge mess like other competitors. It …
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Effectiveness at Managing Multiple Fund Sources

Yes, we have multiple sources of funds within our organization and the benefit is tremendous and now we are able to track these funds. The reporting by fund is intuitive and creates a very seamless process. We are able to create income statements and balance sheets by fund type and use this for …
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Effectiveness at Managing Multiple Fund Sources

We are currently able to track funds from multiple sources. Our major improvement to the software would be to have better reporting of the customers. The current system does not allow for printing of something as simple as labels, nor the ability to produce an email integration into sending to …
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Training Support

We have participated in web based training classes on a particular topic and they were extremely helpful. The staff at Community Brands is extremely knowledgeable. We also continue to use them for technical support when we have an issue that we can't resolve. The training classes have helped to …
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Implementation Support

Easily, we just downloaded the software module. You do however have setup the reports yourself. It was fairly easy. You just pick the report type ie Balance sheet and select the GL codes for each category.
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Training Support

I have not done an official community brands training. There are some basic demos on youtube that seem good for training.
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Deployment Flexibility

We utilized the cloud software for a short period of time. Being able to access the software from anywhere is helpful if you work from home or arent in the office that day. We actually switched back to the on-premise which I now have access to at home through a laptop.
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Implementation Support

In our early set-up, MIP had a dedicated vendor for all areas, to provide local support. Pam Kennemore was great with issues, set-up, new modules, in office or group training. The annual convention/workshop trainings were also great. The service team was great. With the sale to Sage, then on to …
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Training Support

We renew our product annually, with the annual updates, in recent years, there are always some quirks! Our IT department, usually gets on a call to support to work out issues. Sometimes, we have to wait on a call back from Abilia support. Often, its not at a convenient time for both myself and our …
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Deployment Flexibility

We tried the cloud version and with the current climate of help, we were not able to get it to work. We therefore returned the licenses. Our IT contractor had to develop a means for us to remote into our computers. He uses Amazon connections for remote time into our computer. We had issues with …
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Effectiveness at Managing Multiple Fund Sources

As a non-profit, we receive grant money that has to be tracked very closely. Each grant has its own code so it can be tracked from receipt to use - with the balance remaining easy to retrieve before purchases are made; departments receiving grant funds can get the information they need for …
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Training Support

Community Brands setup our complete MIP Cloud environment by converting us from in house to hosted. They also provided training links to resources for Admins and Users.
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Effectiveness at Managing Multiple Fund Sources

Yes MIP has allowed us to do that very effectively. We have over 50 funding sources that needs to be tracked annually. MIP allows us to track the expenses properly in addition to ensuring the reporting is being done in a timely manner. The Accounts Receivable module has made our reconciliation …
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Deployment Flexibility

We use MIP on-premise. It's more work for our IT department, but judging from some of the problems I've heard from others who have switched to the cloud, I'm glad we are on-premise.
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Implementation Support

When we first started the implementation we have a team for the IT software side of things and then a trainer named Jo helped us with the set up and initial fund balances. In MIP we had more flexibility with our GL numbers so we had to do some revamping and adding to our own GL string which took …
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Training Support

We had several trainings over the phone with Jo mostly because of IMPORTS and REPORTS. These were a huge hiccup. We had to create our reports and not being familiar with the system we had to explain to Jo what we wanted to see and then she would tell us where to go and what to add to the content …
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Deployment Flexibility

Our team considered the cloud based version but then ultimately decided against that but we have been satisfied with the product so far. We are a non-profit health care facility that caters to the needs of our community that does not have access to quality healthcare and most of our funding comes …
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Effectiveness at Managing Multiple Fund Sources

We do not have a current need for multiple funds tracking at the current time. It may have been used previously, but since our government funding has changed it is no longer necessary for us. We have gone from primarily Grant funding to Fee for Service funding making the need for multiple funds …
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Training Support

I have had other staff members participant in the trainings to familiarize themselves with the new functions, Accounts Payable and general ledger/financial statement reporting.
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Deployment Flexibility

In cloud...as previously mentioned the only issue was the delay to repair our files after the security breach earlier this year which unfortunately was shortly after we implemented the system.
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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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Pricing

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Entry-level set up fee?

  • No setup fee
For the latest information on pricing, visithttps://www.mip.com/request…

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

Starting price (does not include set up fee)

  • $249 per month
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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 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 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.

MIP Fund Accounting starts at $249.

Sage Intacct, Blackbaud Financial Edge NXT, and QuickBooks Desktop Pro are common alternatives for MIP Fund Accounting.

Reviewers rate In-Person Training and Configurability and Product Scalability 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

(1-23 of 23)
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Joanne Jenkins | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Yes
We do not use it that much. Our accounting supervisor very rarely works from home and she uses her desktop version to access MIP. I cannot think of a time when it has been used, but its possible our CFO has used it. With our ability to remote into our desktops from home when working remotely, I dont see much need for the mobile interface really.
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