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
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January 08, 2018
You Won't Go Wrong, if You Choose MIPS Fund Accounting
- Though MIPS has not had an easily measurable, tangible impact on our ROI, our ability to satisfy our Funders' reporting requirements has had the intangible benefits of demonstrating Professionalism and Compliance. This makes it easier for us to get renewal funding each year.
- The accuracy and simplicity of tracking our results by fund also makes annual budgeting process much easier.
- Likewise, the ease of use of MIPS allows us to get by with less staff than might have been required with a "harder" software package.
January 08, 2018
Ideal for Head Start with Multiple funding streams
- Employee efficiency
- Better reporting
- Encumbrance model caused alot of unnecessary problems
December 20, 2017
Abila Fund Accounting Pros & Cons
- We migrated to MIP Advance; we have not noticed much improvement in features or functionality.
- The budget variance reports drive our monthly budget review meetings with directors.
- We've spent 5 years paying for this product and Accounting dept. has yet to finally switch over to this program. Not sure if the blame is with Accounting or Fund Accounting. Perhaps more Accounting's fault but maybe a little of it has to do with how complex it is to migrate from MAS 90.
- Backups are easy once the automated backups are configured through non documented non supported methods.
March 06, 2017
Review of Abila MIP Fund Accounting
- Donor reports are more timely and detailed.
- The multicurrecy function allows for reports to be generated straight from the software instead of being prepared manually.
- Our stakeholders and donors have an increased confidence level knowing that we have a reliable and effective accounting system. This will boost our resource mobilization.
March 03, 2017
Abila MIP Is Great
- Simplified Payroll Calculations for Clients
- Reduced time reporting time
- Saved us time during financial auditing with advanced reporting tools
- We were able to build the modules to fit our exact needs
- Security rules made it easier for managing users and helping with user review for compliance
March 03, 2017
Great Fund Management
- Customization of our internal reporting to meet the demands of external requirements has allowed us to decrease labor costs
- Able to integrate our electronic purchase order/invoice system without having to change our accounting software; MIP "grows" with our organization.
- The budget controls and reporting within MIP Fund Accounting have proven to be an effective tool in controlling costs and making necessary adjustments throughout the year in order to meet financial goals.
February 28, 2017
Abila review
- Up front costs to purchase software were high, but on-going support is currently less than what we paid on previous software
February 22, 2017
Software works great for our Tribe
- It was a great improvement from moving from QuickBooks to MIP. Previously we did not have control over changes that took place in the software. We now have much better controls. It did take a while to get adjusted to the software.
February 13, 2017
Frustrated Abila Reviewer
- New to company just learning MIP, have no idea on the impact when we transferred some years ago.
- MIP allowed the users at time of purchase to implement and configure the system; they shouldn't do that unless they are sure that the client knows what they are doing. System was configured in a way that does not unleash the power of MIP.
February 13, 2017
It's worth a million
- It meets our requirements not all of them but we are very comfortable with it.
February 10, 2017
Capturing goal results
- We are on a cloud-based solution which can be accessed by our "Parent" corporation to see our numbers and pull member dues.
- We've noticed when attending local forums that our cloud solution makes working through problems a bit different than having the software on our local server.
February 10, 2017
MIP Fund Accounting Review
- By switching to the cloud-based platform we were able to save well over the cost of the higher monthly subscription fee because we did not spend any time on upgrades anymore.
January 30, 2017
Great software, has made life easier.
- Being non-profit, this is difficult to say.
- The positive impact I believe has allowed us to be efficient so that additional personnel is not needed to handle more tasks.
January 25, 2017
MIP - The awesome solution to Non-Profit Accounting
- The use of MIP has been extremely positive.
January 25, 2017
Abila's abilities are awesome!
- It has had a positive impact on our grant and fundraising reporting.
- It has had a positive impact on keeping our vendor files up to date.
- It has had a positive impact on importing our benefits into our payroll modules.
January 25, 2017
MIP
- It has streamlined accounting processes.
January 25, 2017
Abila is the Gorilla of Non-Profit Accounting Systems
- MIP Fund Accounting has very good ROI, and meeting those objectives.
- Negative impact is primarily related to complicated roll-outs of updates.
January 24, 2017
Unhappy
- It's done a great deal to add frustration and miss-reporting.
January 20, 2017
The Change We Needed
- Our accounting & reporting has been the same for the last 25 years. We upgraded to the MIP because we were using an outdated version of MIP. The process was expensive but has had some improvement in the reporting process. Not sure how I would rate the ROI. You have to keep up so you upgrade what you have to.
January 20, 2017
Review of Online version
- The cloud based software I would say cost us more in IT support and wasted time for employees.
January 17, 2017
MIP Fund Accounting Review
- Vendor payment records has saved the agency from duplicate payments on multiple occasions.
- In payroll a tax percent was entered incorrectly and then corrected before the next payroll the system knew to adjust all employees affected by the change. We did not have to make a large journal entry to correct the error.
January 16, 2017
GIRLS = Go Getters, Innovators, Risk Takers and Leaders use Abila MIP Fund Accounting
- Transition was prior to my time on board. It is efficient and is working well for us.