MIP is a great fund-accounting software program.
We use MIP Fund Accounting, not only for our daily operations, but for payroll and human resources. We utilize most of the functions …
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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MIP Fund Accounting Review: Serves As A Customizable Accounting Solution Software
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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'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.
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Meet MIP Fund Accounting
MIP Fund Accounting Competitors
MIP Fund Accounting Technical Details
| Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Windows |
| Mobile Application | No |
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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Reviews and Ratings
(821)Attribute Ratings
Reviews
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March 23, 2021
Trusty System
- Stability is taken for granted. No time spent modifying or re-learning system.
March 22, 2021
MIP Fund Accounting is an Asset
- Updates happen desktop version runs slow.
- The 1099 system is not well put together.
- Deleting invoices is very difficult.
March 12, 2021
Aging Best Review
- Due to the turnover in the finance department, I would say the ROI has decreased due to lack of training/knowledge. It takes longer to do simple tasks.
- We are trying to implement a few new things with EFT processing (self-taught), and invoice billing (AR - working on self-teaching) to decrease the amount of time to get invoices out.
- The impact on our organization was that it produced an inefficiency in our accounting processes. Financials were behind by months and the amount of error fixing was significant.
- After implementation and fixing all the errors, the monthly process goes pretty smooth and the year-end process is relatively easy now.
March 03, 2021
Nice software with easy to use functionality.
- MIP [Fund Accounting] has saved a lot of time in our financial reporting.
- MIP [Fund Accounting] has automated allocations for us, that were once a very manual process.
- MIP [Fund Accounting] has helped streamline our budget process.
February 27, 2021
Abila MIP
- We have always used MIP, so data is accessible going back to the beginning of the organization. Seeing the history helps with making financial decisions.
February 26, 2021
MIP Fund Accounting Review
- It's better than quickbooks.
- However, if given the choice again, we would chose another product.
February 18, 2021
Meet Governmental Reporting Requirements Quickly
- The price is right and compares to market.
- We are able to meet governmental contract reporting requirements.
- We are using the on-premise solution and not the online platform.
February 06, 2021
Great for small government entities
- I wasn't present when we switched to MIP but it works just fine for our needs so far.
- It has not adversely impacted our ROI, we have been using MIP for over a decade.
November 20, 2020
Great for complex governmental agencies
- MIP Fund Accounting (formerly Abila MIP) assists with hours allocations.
- Cash forecasting.
- Audit assistance.
November 11, 2020
My MIP Fund Accounting Review
- I think the transition to the MIP Fund Accounting and Microix System has assisted the accounting department in tracking fiscal items more efficiently.
- The transition was an improvement for staff, but required a learning curve and adjustment from the old system
- The previous system we used was very out dated, but we were able to see up to date budget balances.
November 05, 2020
Perfect System For Our Needs
- It has fit our needs exactly.
- It is all I've ever used at this organization. We briefly tried another setup in order to integrate with other systems and we quickly abandoned it to move back to MIP Fund Accounting (formerly Abila MIP).
- It has been a big time saver at payroll time and tax time.
November 04, 2020
Local Non-Profit gets their needs accomplished
- MIP has all the professional standards and controls necessary for a proper organization.
November 03, 2020
Great program and features - could be more user-friendly
- I do not have all of the information required to answer this question completely
October 26, 2020
MIP is one of our company's MIPs (most important players)!
- We are a non-profit so I don't think this really pertains to us, but we did switch from the server-based product to the cloud this year. It is much different.
October 12, 2020
MIP Fund Accounting for Multi-currency Users
- The reporting feature has allowed us to better track and analyze our spending. This has led to faster decision making and reaction when needed.
October 10, 2020
My MIP Fund Accounting Review
- Prior to MIP Fund Accounting, we outsourced our HR and Payroll processing needs. Our ROI, factoring in these costs in addition to the implementation costs, was favorable after 3 years.
September 20, 2020
Small midwestern, diverse mid-profit
- Positive: productive, but using ADP for many functions due to user-friendliness, but ADP is more expensive.
- Regulatory accounting improvement.
- Aggregate reporting for braided funding.
- Reduced errors in payroll and accounting.
- Solidified a workflow from one department to the next. In government you may have different departments handling different aspects of the accounting process and MIP can be customized it so that there is seamless integration from beginning to end.
- Saved us money from having to hire additional part time employees during tax season.
- Remote access with cloud solution
- Offsite data storage with cloud solution
- It's been a positive impact in terms of time saved, personnel, and functionality for the accounting staff. My entire staff enjoys the product and are pleased with the ease of use and reporting capabilities.
August 16, 2020
Complex needs? Abila MIP can do it!!
- I inherited this system, but as a former MAS90 user I was glad to see a Sage accounting software system in place.
August 14, 2020
Abila MIP fund accounting is a top notch software program - you can't go wrong with MIP!
- The software has had a positive impact on reporting information to our board of directors and funding sources. I can easily generate reports in a matter of seconds by accessing saved reports or I can easily customize a report to accommodate certain information needed.
August 14, 2020
Abilia MIP Fund Accounting from an IT manager's perspective
- Getting everyone trained to use MIP Fund Accounting was very costly as we had to have an expert on MIP to come to our location train us in on how to use the software.