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 and Ratings
(821)Attribute Ratings
Reviews
(51-75 of 406)Companies can't remove reviews or game the system. Here's why
May 25, 2022
MIP Love!
- We are able to save money on issues by utilizing the call center and knowledge base.
- Options such as copying sessions is a massive time saver with large entries.
- We are constantly improving our accounting processes to utilize the system more.
- Time saved with automated accounting processes
- Time saved with using HR Manager
May 14, 2022
Great product, great price
- Reporting is easier than in our previous system
- MIP Fund Accounting costs thousands of dollars less than the product we used previously
- The software is more intuitive and easier to use than our previous system
May 14, 2022
MIPleased!
- This is the only system I've worked with at this organization, so I'm not sure. I've used other software at previous employers, and I really like MIP for Government.
May 12, 2022
Abilia for nonprofits
- Provides ability to import data
- Provides clear fund reporting
- Good for cost center versus budget reporting
May 02, 2022
MIP is Adequate
- Data difficult to extract and analyze effectively.
- Reports are difficult to customize and develop.
April 29, 2022
MIP know what it’s doing
- More time for other things
- Easy to install
- Learning curve very easy
April 27, 2022
The good, the bad, and the ugly
- Tediousness results in inefficiencies, lost productivity, and overall negative ROI.
- Reduced entering time once we switched to multi-entity database
April 08, 2022
MIP Works for Non-Profits
- By moving to the cloud, we relieved our server and were not being forced to replace it (which for a non-profit is a huge expense).
- One person is able to input and maintain files for both payables and receivables. Where we used to have 2 people working full time in the department, now we have 1.
April 06, 2022
MIP-one of our best choices!
- Allowed our minimal staff in finance to remain-saving on personnel expenses.
- The budget module capability has allowed us to present various scenarios, especially in years that the funding has been volatile
- The ROI is excellent-we have not had to expend further through years of monetary growth.
- We could further impact our bottom line by investing more time in the community or training.
April 05, 2022
MIP for non-profit accounting
- time saved
- increased transparency in reporting
- As MIP has been utilized more effectively over time, we have reduced costs and efficiency in the accounting department, as well as total FTEs in the finance area.
- MIP has allowed us to track and identify many items which has made our audit process more efficient, timely, and clean.
March 30, 2022
Great for Grants!
- Easy to pull funding reports by grant
- Could automate imports from 3rd party payroll provider
March 30, 2022
MIP- even more than you thought you needed
- MIP has allowed us to manage our accounting clearly and use that information for analysis and inform strategic decision making.
March 29, 2022
MIP Fund Accounting review
- Payroll is more easily ran and identifiable by grant.
- IT costs are reduced.
- Balances according to funds are more easily identifiable.
March 29, 2022
MIP - a good value solution that offers many extended features once you master the software
- Provided fund accounting solution
- Allowed add-on functionality
- Reduced cost and time needed for requisitions via Microix
March 28, 2022
Mediocore
- Time has been saved with the allocation module
March 28, 2022
Thoughts on Abila MIP Fund Accounting
- The cost to maintain and update MIP is not significant
- The updates are managed with our IT and it is usually seamless
- When issues arise, MIP is available for questions and can usually assist
March 28, 2022
Great for small non-profit!
- MIP enables the business to consolidated financial information
- MIP enables the business to produce reports to management quickly
March 28, 2022
Easy and Flexible Reporting Features
- MIP has allowed us to break down our costs even further to be able to improve our use of funding.
- I'm looking forward to streamlining our accounting processes even further as I learn more about the possibilities with MIP.
- As we fundraise for specific projects, we are able to track income and expenses by project to give our donors true numbers on how the money was used.
March 26, 2022
MIP Fund Accounting to the Rescue
- ROI has been great given that the time needed to produce user-friendly financials is much shorter resulting in less manual effort and time by staff.
- MIP Fund Accounting Software automated the bank reconciliation and accounting for procurement to save staff time.
- Management has more confidence in the financial results due to use of the automated accounting processes.
March 26, 2022
MIP is different but does the job quite well
- The ability to pay invoices through ACH has cut down on the need for paper checks
- The ability to pay invoices through ACH has cut down on voiding checks that have not been cashed.
March 26, 2022
MIP Fund Accounting: Efficient and Flexible Reporting
- Improved efficiency in reporting
- Improved efficiency in year end audits
- improved financial transparency both to internal and external stakeholders
March 26, 2022
If you are a Not-for-Profit, you need this software!
- Often, the hold time is long when you have an issue pop up
- The IT people there are top-notch and are able to handle most issues quickly
- It certainly saves us on IT costs
- The Community Brands training and the knowledge base are wonderful tools