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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August 14, 2020
Abila Accounting for Non-Profits-Awesome!
- MIP has been a great tool for tracking donors and their donations as well as grants, both private and government and putting them in the proper general ledger accounts, departments and divisions.
- It has also been a great way to distribute employees salaries to restricted funds from grants and unrestricted funds from other sources.
August 14, 2020
Fund Accounting does what it should - accounts for funds
- We are still on-premise
August 14, 2020
Abila MIP Fund Accounting - An Objective view by a user.
- Better tracking of funds spent
- More efficient distribution of reports
- Able to analyze information based our our individual structure
August 14, 2020
Fund accounting for Nonprofits
- MIP is a fund accounting system often used by nonprofits who do not look for a return on investment.
- Showing that your company can track all grant expenses makes you more approachable to donors and grantors.
August 12, 2020
Trusty MIP
- This software works very well for a one person accounting department. Handles daily routine transactions very well.
- To interface the donor software, the donor person must understand some accounting.
- Bank reconciliation module works very well.
- Budget module is not easy. I have never been able to use it.
August 12, 2020
Newbie's Review
- The ability to find any information management may need is invaluable. I'm frequently asked to gather pricing information over time, and even though I still have to refer to hard copies at times, knowing exactly when an invoice was entered makes it far easier to locate the hard copy.
- Getting information into a presentable format for non-accounting personnel is a snap - sending a report to Excel makes it simple to present the information in a format that suits the person or department requesting it.
- The positive is that it works great and we rarely have issues. When we do have issues the tech support is really good.
- We do not use the hosted version but I would like to budget for it.
August 11, 2020
What You Should Know About Abila MIP Fund Accounting
- The flexibility and ability to record by department, fund and activity has made our accounting more efficient and streamlined. Fewer spreadsheets.
- We switched from Cougar Mountain to MIP and it has helped with our grant tracking and department expenses.
- Reports were easier to use in Cougar and more standard to our needs.
- The training process was very extensive with MIP and our training person was not a very good "trainer," she just showed us where to go but didn't give the logic behind it or give real-life examples.
August 11, 2020
Abila MIP just works
- We have passed all our audits and that is what matters most.
August 11, 2020
Abila - One Stop Shop
- When moving from a third party processor to using the Payroll module a great amount of money was saved.
- Having an excellent grasp of MIP makes management financial decision more efficient and accurate.
- Using the time and attendance has saved one full time administrative staff position.
August 11, 2020
Great product for your accounting
- Ability to customize reports for board without a lot of manual reporting worth the time savings from previous software
August 11, 2020
review of Abila from a tech standpoint
- I think the ROI for us has been a positive impact and saved countless hours from what was used previously.
January 29, 2020
An excellent accounting product for any non-profit!
- It meets all the needs of our accounting team and we are happy to have this product.
- From a budget perspective, it doesn't have as robust of a process and we have decided to purchase another budget product.
January 28, 2020
Good for mid to large size organizations
- It allows for a multi-office, multi-location organization to work together
- Prior to this, we were using desktop based applications and only a few people had access
April 15, 2019
Grant and Membership Funded Nonprofit Member's Review.
- We consider our ROI for MIP to be negligible, we believe there are alternative solutions that would better address our immediate needs, however, we lack staffing capacity to effectively evaluate transitions at this time.
- We have not transitioned to MIP advance due to it being approximately double the cost of our on premise solution.
April 12, 2019
Jackrabbit
- MIP Fund Accounting is the only tool we have to record income and expenses. This is critical in any business.
- The accuracy of reporting as the ease of use makes the product valuable.
April 09, 2019
Great for Non-Profits!
- Like the ability to closely monitor how we are performing to budget-excellent!
- Better tracking and reporting ability than our previous accounting system.
April 09, 2019
New User
- I have no knowledge relating to this question.
March 22, 2019
Simple but effective
- Accurate financial reporting.
- Successful integration with other software.
- Same basic principles, easy to be trained by experienced users.
March 15, 2019
We're OK with MIP; it was our only option.
- It took a long learning curve to get up and running.
- We hope after another year we will see a good ROI. We are "used to it" and it is working.
March 05, 2019
An A/P Accountant Perspective
- Due to my role and limited access rights, I would not be able to answer this question as I do not and would not know the ROI.
January 23, 2019
Fund Accounting made Easy!
- Accurately paying accounts payables to the correct department making for more accurate budgets
- Being able to track expenses by department made us realize that our parks department was seriously under funded
- Using the payroll tax reporting software made filing payroll tax reports a breeze with no errors and no late filing fees
January 22, 2019
The best for accounting and administration in your organization
- The possibility to spread our business in administration and accounting, we could manage a lot of projects simultaneously, because the app allows you to do that, and to create elements of analysis of each whenever you want.
- A better management of money and budgets, a word for describing this app is precision, you can manage your money with high detail, listing every activity and linking them with the people who work or it is involved in the project, so you can be sure that every penny that you spend will appear well described in your budget.
- A better relationship with clients and shareholders, this is for use the most important issue, we could create a whole new portfolio of clients and people who want to contribute and participate in our organization. showing them the quality of our projects through the budget, administration and accounting that we develop in MIP.
January 21, 2019
A well packaged solution for smaller non-profit organizations
- The software really helps save money if implemented correctly. If an organization needs extensive training then its costs might be too high.
- Centralizing the flow of information into one system can help reduce errors.
- The reporting tools can either be quite timesaving or sometimes too simplistic. An organization will need to do a good requirement's analysis when looking at this product.