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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Introduction to MIP Cloud Accounting Software
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Product Details
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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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MIP Fund Accounting Video
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
(820)Attribute Ratings
Reviews
(26-50 of 406)Companies can't remove reviews or game the system. Here's why
June 05, 2023
Highly recommend
- Better accuracy in grant management (tracking transition to new grant).
- Reduced staff time for allocation process.
- Custom reports are helpful at audit time to create SEFA and other required documents.
June 03, 2023
MIP users' experience
- Generally favorable.
- ROI is very reasonable.
- Has positive impact.
June 03, 2023
Abila - a great segment reporting tool.
- MIP has streamlined and allowed more tasks to be automated maximizing the efficiency of staff so more staff is not needed.
- MIP importing feature allows integration to many different systems which makes MIP very flexible allowing costs to be saved if the owner of the MIP system switches between vendors.
June 02, 2023
Great accounting software, could be more user friendly for those without an accounting background.
- The CFO and accounting staff are able to easily track expenses and vendor payments
June 01, 2023
MIP Fund Accounting Review
- Creates an appropriate audit trail for clean financial audits
- Improved financial reporting to our stakeholders.
- Timely and up to date reporting to our donors.
- Reduced IT costs over the years due to a more efficient accounting system.
- Improved audit trail to facilitate financial audits
May 30, 2023
Abila MIP meets my needs!
- Saved time and effort.
- Allows for better segregation of funding sources.
- Allows for better cash management.
- As we only use it for bookkeeping and data entry, I don't believe this question is applicable.
May 03, 2023
Positive
- a Positive impact. which fund is making a positive inpacted on the organization.
- This software is great for Non Profit Organizations
April 25, 2023
MIP Does the Job
- Consistent with our historical data since we have been using it for so long
- Helps with detailing information for audit purposes
April 21, 2023
I do indeed like it a lot :)
- Positive impact on time saved with automated accounting processes.
April 19, 2023
MIP Reporting is second to none.
- Streamlined accounting and payroll services
- Additional IT costs
- Accuracy and reliability
- New employee documents are uploaded and encrypted. Those documents are shredded and not filed which saves time and money.
- Copy and reverse features save time.
April 19, 2023
MIP is the best there is!
- Improved transparency
- Big time saver with automatic bank reconciliation
December 08, 2022
Great product that is easily customizable.
- Transparency in transactions.
- Confident in the output of information.
November 21, 2022
Good Product for the Money
- The GL save entry option has saved time for me as I don't have to key in my monthly entries every month.
- I also save time by being able to look at unposted entries and review them for errors. I have staff who can make the entries and then I review them.
- The one negative thing is I have had issues within the encumbrance module. We have multiple contracts with outside organizations and with the emergency funding that was coming in, it was too difficult to try to adjust the encumbrances.
November 21, 2022
Happy Customers
- Positive
- Cost-effective
September 19, 2022
MIP Fund Accounting Review
- reporting capability to funders
September 19, 2022
MIP -Workhorse Financial System
- Enables accountability of cost center managers
September 13, 2022
MIP is good if you know how to use it.
- I'm not sure; I don't work at that level. I'm sure it's been good. However, I don't know what else it can offer that we don't know.
June 29, 2022
Healthcare? Grants? Departments? Budgets? YES!
- We converted to the cloud version a few years ago to reduce our dependency on a dedicated internal IT server which needed to be replaced. The cost of the product switched to a monthly fee which increased cost somewhat but probably is matched with IT savings over time in doing upgrades.
- We have an efficient team of two people doing the transactional work, so we don't really have much incentive to further automate our processes. And with the turnover in the CFO position we have had, has helped us maintain consistency in our processing.
- Once I learned how to memorize and recall transactions it was a huge timesaver and increased the accuracy and consistency of our entry.
- The cost of training is sometimes prohibitive. Example is my accounting clerk MIGHT benefit from additional training but at about $200 for a lot of the courses, it is more than we have budgeted.
June 25, 2022
Bang for your buck
- It is great.
- It is not very costly.
- Software adaptiveness
- Reduces the need for IT interactions
- High up time
June 08, 2022
Would like to see more free training provided
- It does seem to have saved me some time
- It has reduced the IT costs
June 03, 2022
I love using MIP Fund Accounting
- It saves time with automated accounting processes