Skip to main content
TrustRadius
MIP Fund Accounting

MIP Fund Accounting

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.

Read more

Learn from top reviewers

Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

Reviewer Pros & Cons

View all pros & cons

Video Reviews

1 video

MIP Fund Accounting Review: Serves As A Customizable Accounting Solution Software
01:14
Return to navigation

Product Demos

Introduction to MIP Cloud Accounting Software

YouTube
Return to navigation

Product Details

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 Fund Accounting Screenshots

Screenshot of MIP Advance™ Dashboards with drilldownScreenshot of MIP™ Transactions WorkflowScreenshot of MIP DashboardsScreenshot of MIP DashboardsScreenshot of MIP Dashboard drilldownScreenshot of MIP TransactionsScreenshot of MIP Budget WorksheetScreenshot of MIP ReportingScreenshot of MIP Audit Trail  and SecurityScreenshot of MIP PortalScreenshot of MIP Fund Accounting

MIP Fund Accounting Video

Meet MIP Fund Accounting

MIP Fund Accounting Technical Details

Deployment TypesOn-premise, Software as a Service (SaaS), Cloud, or Web-Based
Operating SystemsWindows
Mobile ApplicationNo

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).
Return to navigation

Comparisons

View all alternatives
Return to navigation

Reviews and Ratings

(826)

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

Comprehensive Features: Users have appreciated the system's extensive features, such as the ability to export reports into PDF or Excel formats for board presentations and emailing reports directly to funding sources, saving time and resources. The option to filter specific items for auditor verification was also valued for enhancing departmental efficiency.

Ease of Use: Reviewers find the system user-friendly and easy to navigate, with functionalities like quick shortcuts and readable font enhancing usability. The development of accurate and easy-to-use reports and templates on the cloud version was noted as a positive aspect by users.

Efficient Financial Tracking: Some users value the system for facilitating financial tracking through functions like bank reconciliations, obtaining check registers for specific periods, processing payroll efficiently, setting dates in organization preferences for preventing incorrect entries, showing financial details effectively, and running detailed financial reports that aid in decision-making processes.

Bank Reconciliation Process: Several users have criticized the outdated and inefficient bank reconciliation process, stating that it is in need of significant improvement. They have highlighted challenges with the screen preferences, understanding dates, and tracking discrepancies effectively.

Reporting Challenges: Users have found building reports to be cumbersome and expressed a desire for more personalized and easily generated reports. The frustration stems from difficulties in creating customized reports, integrating data sources seamlessly, and limited options for report formatting.

Software Transition: Users have highlighted slow processing and transitions within the software as an ongoing issue affecting their experience. They face delays in system response times during tasks like navigating between modules or generating reports efficiently.

Reviews

(1-25 of 43)
Companies can't remove reviews or game the system. Here's why

Use of MIP Fund for Your Finance Team

Rating: 7 out of 10
February 27, 2024
SM
Vetted Review
Verified User
MIP Fund Accounting
1 year of experience
We have purchased premium support before with the purchase of several hours of training. The use was because of an influx of new team members for our financial department. The extensive support allowed members to learn. But would be nice to have that support without the major cost of the training.

MIP Review 2023

Rating: 10 out of 10
February 24, 2024
HJ
Vetted Review
Verified User
MIP Fund Accounting
1 year of experience
I am not in charge of purchasing software

MIP Great Software for Non-Profits

Rating: 10 out of 10
February 23, 2024
Verified User
Vetted Review
Verified User
MIP Fund Accounting
11 years of experience
Yes, we did purchase the annual support and we keep renovating our contract every year. It is a great option to have when running into issues or problems with accounting. The MIP team is very knowledgeable and very supportive. They have helped me create reports to satisfy the CPA auditors requests during audit time.

Abilia MIP Review

Rating: 8 out of 10
June 05, 2023
Verified User
Vetted Review
Verified User
MIP Fund Accounting
14 years of experience
No - we have had users with years of experience with the system. Only have a few issues. We use our inhouse IT first to see if we can resolve.

Highly recommend

Rating: 9 out of 10
June 05, 2023
JW
Vetted Review
Verified User
MIP Fund Accounting
9 years of experience
We do not have the premium support, so far have not had a need.

MIP users' experience

Rating: 10 out of 10
June 03, 2023
RL
Vetted Review
Verified User
MIP Fund Accounting
30 years of experience
yes, just in case for protection

MIP Works for Non-Profits

Rating: 10 out of 10
April 08, 2022
JJ
Vetted Review
Verified User
MIP Fund Accounting
10 years of experience
There has only been a few times where we had to purchase support and in hindsight, it was not really necessary, it was more of a lack of training more than anything else. In the past 8 years, support has always been able to address our minor concerns pretty quickly and without escalation.

Trusty MIP

Rating: 9 out of 10
August 12, 2020
GB
Vetted Review
Verified User
MIP Fund Accounting
16 years of experience
No
We contract with an IT professional. We don't feel that we need the premium support. It's not needed. great software product

Abila MIP just works

Rating: 9 out of 10
August 11, 2020
AK
Vetted Review
Verified User
MIP Fund Accounting
9 years of experience
Yes
The support pack purchased provides us with a level of security knowing that the product updates/versions will be continuously provided through the year and that any issues we encounter are resolved as quickly as possible. To date, most issues have been resolved on the first attempt and within a very short span.

MIP Saved The Day!!!

Rating: 10 out of 10
January 18, 2019
JA
Vetted Review
Verified User
MIP Fund Accounting
8 years of experience
No
We don't have many issues come up each year and I think this is because we do not use the payroll functionality.

Abila MIP Fund Accounting

Rating: 9 out of 10
January 18, 2019
BJ
Vetted Review
Verified User
MIP Fund Accounting
8 years of experience
No
We do not pay for premium support because the product works very well and we rarely are in need of support. There have only been a few cases where we have needed support. Most of these cases were during an update and that was usually in the early years.
Return to navigation