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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January 21, 2019
Abila is a great system for non-profits
- MIP enabled us to streamline our department and we were able to take a full time person down to a part time person
- By migrating away from a mainframe we were able to eliminate a programmer saving the company money.
- MIP is a user friendly system that allows an end user to look at transactions without always going to the source documentation.
January 18, 2019
MIP Saved The Day!!!
- The most positive impact MIP had on our overall business objectives was to reduce the amount of time to produce useful reports. We no longer need to convert text files to MS Excel.
- Being able to add and delete columnar/field data prior to generating the reports has made staff members more productive.
- Common chart of accounts to use for any center and/or grant
January 18, 2019
Abila MIP, is it for you?
- MIP allows our company an easy way to submit our claims for reimbursement
January 18, 2019
Abila MIP Fund Accounting
- MIP Fund Accounting has been the best solution for the money and meets the needs that we have.
January 16, 2019
Abila MIP Fund - A useful tool!
- Helpful data
- Streamlined general human resource functions
- Tracking funds effectively and efficiently
January 16, 2019
Small Organization Use of Abila MIP Fund Accounting
- We simply use MIP Fund Accounting to track all of our income and expenses. It does a good job tracking that.
January 15, 2019
Abila MIP Fund Accounting review
- MIP Fund Accounting has had a positive impact on our non-profit business because of its ability to easily track, manage and forecast revenues and expenditures.
January 15, 2019
I recomend Abila!
- The ROI impact on our business objectives has been saving time. Saving time is saving money and we save time with payroll and tracking employee information, and with budget management and tracking program expenses.
January 15, 2019
Track like a Pro
- It has provided useful information for acquisition of current and new funding.
September 26, 2018
An Accountant Perpective of Abila MIP Fund Accounting
- MIP has been a good system in the company, it is flexible and relatively easy to use with the right training. I have used other software which I find has better applications, but is a little more difficult to use.
April 17, 2018
Abila MIP - Not my first choice
- MIP have been strict about their pricing. We did not use their customer service option for 11 months out of a 12 month period. We tried to negotiate a better service price based on this (we are a cost sensitive non-profit) but were refused. I would've expected better flexibility considering what we paid to MIP.
- MIP enabled us to easily update our accounting system with minimal issues. It was easy enough to change the chart of accounts, and there were no glitches afterwards.This was much appreciated, as we realized this could've presented us with a big learning curve we'd rather not waste our resources on.
- We completely upgraded versions of MIP this year and their work with our own IT team was good, although we did pay a premium for this service.
February 26, 2018
MIP Good for use in FQHC's
- Hard to quantify the return on investment. Purchasing accounting software is a necessary evil and the payback is hard to measure. Basically MIP is another expense we incur each month in order to keep our books. If MIP could add some better features to its system, there could be a better ROI.
- I think if you have MIP set up properly you could probably eliminate an FTE from your accounting department. I was able to get by with 2 people when most places would of had 3 or 4 with the same amount of work. The key though is knowing how to use the product, and setting it up correctly.
February 03, 2018
Great product for small companies that have the potential to grow
- The pricing scale has been great because pricing depends on the number of users in the system and we don't have to purchase a larger, more expensive system, as our department grows.
- Ability to run reports quickly for different programs and/or schools,
- Importing information has allowed us to upload AP, payroll, JV and cash receipts in a quarter of the time.
January 19, 2018
MIP Fund Accounting is capable, but can be quirky.
- Good-MIP has helped to streamline several processes into 1 application, instead of several different applications.
- Bad- The initial cost and recurring maintenance fees are much higher than our previous solution
January 12, 2018
Non Profit accounting solutions
- A lot of time saving on processes. With the addition of the import feature it has cut our data entry in half.
January 09, 2018
Abila - Great FInancial Software for medium to large non profits
- Clean CPA audits
- Excellent financial reviews from funders
- Creation of reports required by potential sources of funds results in increased funding
January 09, 2018
Abila MIP great tool
- We cannot measure it but it made us more efficient
January 08, 2018
Ablila review
- We just added EFY payment module recently. It is very useful and save time to track outstanding checks.
- 1099 report is user friendly. It is easer to report 1099.
January 08, 2018
Honest opinion of MIP
- I cannot think of an impact MIP has had on our business. It is the only computer based system the agency has used and has been using it for 18 years. There have been no instances that have not had a solution using the software.
January 08, 2018
We Have Been With Abila MIP for 4 years!
- It has allowed us to record revenue and expenses with relative ease of use which helps us more closely track expenses by program and provide accurate financial statements.
- It provides the options to break out revenues and programs in great detail - great for tracking individual programs
January 08, 2018
HealthCare + Non Profit
- It made our accounting easier and more organized
- Easy to manage changes on tax laws and employee forms
January 08, 2018
Functional
- Payroll data information information is much better than with previous system.
- Audits are clean. Information can be provided easily although the trial balance reports are very clunky.
- We can find information easily.
January 08, 2018
Highly recommend Abila MIP Fund Accounting
- The cloud based [version] works for us. It enables me to access our data no matter my location.
January 08, 2018
Great Accounting System for All Non-Profits
- There has been a very positive impact of MIP on our organization. We have been able to do more than we could with any other system. We can create and provide reports to management that we would not have been able to in the past.
January 08, 2018
Overview from daily user
- It has expanded our reporting capabilities
- Different account number combinations have improved our expense and revenue tracking