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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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
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September 21, 2016
Out of the Dark Ages
- Streamlined operations with in multiple departments
September 21, 2016
Review of MIP.
- Providing adequate financial reports to aid in decision making.
September 20, 2016
Thorough Review of Abila MIP Fund Accounting
- MIP Fund Accounting has improved our overall reporting.
- MIP Fund Accounting has improved our Grant tracking.
September 20, 2016
Helps a small clinic
- Easy to use for Fiscal department
September 16, 2016
Thumbs up for Abila MIP
- MIP has been a totally positive impact on our organization
September 16, 2016
MIP for fund accounting
- MIP has kept us well organized financially.
September 16, 2016
Accounting made easy.
- Much easier to track expenditures
- Keeps track of budgets
- We are able to run reports that cross years which has cut out the use of spreadsheets
- Has cut down on time spent doing reports
September 16, 2016
solid program for non-profits
- I was using MIP Fund on premises from the start and we haven't transitioned to the cloud version as of yet.
September 15, 2016
First time user review
- I am new to the organization, so I am unable to answer this question
September 15, 2016
IT opinion on accounting softare
- Transitioning away from an on-premise solution has reduced staff time required for updates or backup of the database and removed a lot of inefficiencies related to our accountant's remote work.
September 13, 2016
Small Organization, Big Accounting Software
- MIP Fund Accounting has been a workhorse for us. I appreciate that it does it's job and does it well so that I don't have to worry about it.
September 13, 2016
MIP review by a Community Action Agency
- As a non-profit, our main business objectives are to stay within regulations so that we may be paid by our funders and continue to contract with them..MIP allows us to track information to assist in this objective.
- Cash management is very important, since we are often paid in arrears. MIP helps us track cash and outstanding program balances.
September 13, 2016
Ability of Abila
September 13, 2016
A Robust Solution
- Less time running payroll
- More time manually creating reports using standard reports
September 12, 2016
Multiple funding and cost programs used.
- We are able to make better business and staffing decisions due to the ability to readily access our financial standing.
September 12, 2016
Abila for small non-profit with three divisions
- MIP has been a solid partner and has provided all the accounting functionality we need to run a small non-profit organization with data consolidation for three separate divisions.
September 12, 2016
MIP Fund Accounting friendly and has potential
- MIP Fund Accounting has allowed us, along with other internal upgrades, to streamline processing by eliminating paper and labor waste.
September 12, 2016
Mip user for 8 years.
- MIP has permitted timely and more accurate reporting. Staff in my area was initially reduced, but has now increased because of expanded business lines.
September 09, 2016
Nonprofit software - nailed it.
- We like having this in the cloud, don't have to worry about servers, back-up.
- Reporting is a good feature, appreciated by our board.
- Accounts payable is very easy to use.
September 09, 2016
Abila Review
- Negative on budget...it is very expensive for our not-for-profit
- Difficult reporting for our needs.
September 09, 2016
Abila MIP Fund Accounting - Great for Non-Profits
- Staff time - MIP has allowed us to save a significant amount of staff hours by by changing the way we process transactions (i.e. accounts payable process, accounts receivable process, recurring entries, copying posted sessions - as previously mentioned).
- Grant reporting - MIP has allowed us to customize reporting for all major funding sources. This has allowed us to meet deadlines set by our grantors, submit reports more timely and increase cash flow as a result of tracking accounts receivables and drawing down funds quicker.
- Internal reporting - MIP has helped with internal reporting to senior management, other departments and the board of trustees, which has helped other departments accomplish their goals and targets.
September 09, 2016
Mip Fund Accounting - Growing with Abilia
- Our audits are cleaner
- Our financial reports are more accurate
- It saves valuable time
September 09, 2016
Beware poor database implementation issues.
- Continuous application issues (slowness) were a major pain-point for Finance, HR, and IT to the point that it may have even been a factor in poor staff retention.
- MIP supports apparent lack of expertise or interest in actually trying to provide any counsel on optimizing our instance was another source of a good deal of frustration.
- The expense involved with licensing SQL Standard to optimize performance pushed the overall cost of using this solution to a much higher level than originally anticipated.
September 09, 2016
GoFundAmerica with Abila MIP
- This really does not affect us. Our non-profit can not make full utilization of this.
September 08, 2016
Overall in MIP
- Our organization has not transitioned to MIP Advance.