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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.

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Recent Reviews

Outstanding Software!

10 out of 10
February 16, 2024
Incentivized
MIP Fund Accounting assists our organization in tracking and managing expenses and receivables on a daily basis. MIP assists us in …
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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

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Video Reviews

1 video

MIP Fund Accounting Review: Serves As A Customizable Accounting Solution Software
01:14
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Product Demos

Introduction to MIP Cloud Accounting Software

YouTube
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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).
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Comparisons

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Reviews and Ratings

(819)

Attribute Ratings

Reviews

(1-25 of 84)
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Score 7 out of 10
Vetted Review
Verified User
Incentivized
Very well, it has allowed our finance team to utilize reports to the fullest to show numerous areas of how we are doing financially in our programs or administrative expenses. General Ledgers, Program Budget Reports, and Financial Statements are heavy utilized by our team and help tremendously. Dashboard use also is one function that helps provide visualization that creates easy to read updates on organizations financial capacity.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund Accounting has been very successful in are organization. We have several departments throughout, and it allows us to keep track of all the different organizations funds and how they spend. It also allows managing positions to keep track of all the details in spending. It allows many employees the ability to access their departments funds.
February 26, 2024

Excellence of Execution

Score 8 out of 10
Vetted Review
Verified User
Incentivized
One of the best features is the ability for the system to separate out the way we can look at expenses. I can pull what our Transportation program spends in utilities in May and what they spend in fuel in October in one quick search as opposed to look through all of the utility or fuel expenses of all the programs. This is the key need we have when it comes to our monitors and what funding sources are looking for.
February 24, 2024

MIP Review 2023

Score 10 out of 10
Vetted Review
Verified User
Incentivized
I am the only person that uses this in my department. It can be a tad time-consuming. I wish it were directly connected to orders so that once it's approved, the orders go through automatically. I have to wait for approval then go back to the vendor to place the order.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
MIP has allowed my department to process financial reports on a timely basis. It is a great advantage to be able to process multiple reports when trying to compare the financials of the company.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
The impact on MIP Fund Accounting has a positive and negative impact on my team's ability to generate multiple funds. There are times when my team has to wait about 30 minutes in order to process an invoice.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
This has been very helpful, especially during audits. Auditors need to see the TB, FS, GL reporting by Fund or combined. We have HUD properties under a different fund - having the ability to enter JEs and run reports with the different fund allows for separate audits easily.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund Accounting is an important asset for performing search queries. If I had to do a historical search query without MIP Fund Accounting, I very well might have to pull data from three different programs, turn each piece into like-data myself, and then consolidate it all down into interpretive data. MIP Fund Accounting does it all by itself and has a wide array of ways to filter down as specifically or broadly as you want for any given query.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
We have three organizations, we also give and receive funding at multiple levels. Generating reports has always been the easiest function for me personally in MIP. We can basically provide any person asking with any format they'd like to see our numbers in.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
This software is really good as you can run reports for various funds by Revenue Code or Grant code to capture all the data you need for specific revenue streams. Like I said before, this software is amazing for the tracking of grants if you set up your chart of accounts up correctly.
Yelena Novik | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
MIP impacts overall performance. Reports are the best thing that could be found in MIP. With multiple Funds, Programs and Codes Report is extremely important. There could be a mistake done with some coding or transaction description, but having so many criteria, Report gives an opportunity to get right information anyway.
June 05, 2023

Abilia MIP Review

Score 8 out of 10
Vetted Review
Verified User
Incentivized
We set up the Chart of Accounts and Functions in a way to easily separate and report as needed for the Funding Source requirements. I like the summary and detail you can get based off your needs. Have had successful Audits with details necessary to help provide all info needed. I do like the level of functionality and sorting options on the reporting
June 05, 2023

Highly recommend

Score 9 out of 10
Vetted Review
Verified User
Incentivized
The filters on MIP reporting allow us to target transactions by division, fund or account number. We find this especially useful for budget status reports or identifying a transaction error.
Donavan Lam, CPA | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Incentivized
MIP has allowed us to track revenue and funding sources with the flexibility of a segmented chart of accounts. This is extremely helpful for periodic reporting especially when it is a part of the funding requirements. However like any system the chart of accounts needs to be designed properly to ensure all tracking elements can tracked properly through the general ledger.
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