MIP Fund Accounting Reviews

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Score 8.0 out of 101

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Reviews (1-25 of 39)

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January 18, 2019

Newbie's Review

Score 9 out of 10
Vetted Review
Verified User
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Usability

10
All aspects of our business can be imported into or out of the program as needed.
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Score 7 out of 10
Vetted Review
Verified User
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Usability

8
Every software platform has issues and MIP is no different. There is plenty of room for UI improvement and streamlining workflow processes in the product, along with needed reform to the training and partner areas. However, we have used MIP for over a decade and have reviewed other products countless times. Nothing else we have found on the market fits our business model as well as MIP Fund Accounting.
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Luis Godoy profile photo
Score 8 out of 10
Vetted Review
Verified User
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Usability

8
It is a great software to use but it can still improve in some areas. Like if they could add spelling check function. Most software this day has spelling check as a standard function. Maybe if they could also expand the filters available when running custom reports would be very helpful.
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Jeffrey Chapman profile photo
Score 10 out of 10
Vetted Review
Verified User
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Usability

9
Overall, the software has many useful features and is generally east to use, however, when the Data Integrity Check function identifies a problem, it is not clear what caused the problem (so we can avoid making the same error in the future) and it requires us to call Customer Support to resolve the problem. This last step is unnecessarily time consuming.
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Shirley Merrick profile photo
Score 9 out of 10
Vetted Review
Verified User
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Usability

9
The menu driven software is really user friendly. This makes training new staff the software run smoothly. Creating reports for board presentations, to do monthly reporting to funders and ease in transferring files to Excel are great.
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Janet Resendiz profile photo
January 08, 2018

Honest opinion of MIP

Score 9 out of 10
Vetted Review
Verified User
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Usability

9
Very easy to use. It does help if you have prior database knowledge. It was easy to create reports to get the information out of the system. The canned reports are a great place to start to work on customizing for your own use.
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Rebecca Ball profile photo
January 08, 2018

Overview from daily user

Score 7 out of 10
Vetted Review
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Usability

8
Overall MIP works well. There are things that I wish were different but no major complaints. I haven't used other non-profit software so I really don't have anything to compare to but the basic accounting functions are good.
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Christine Frenzel profile photo
Score 8 out of 10
Vetted Review
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Usability

8
If you are not an accountant, it would be very difficult to use. As an accountant there are aspects that are so specific that if you do not understand how they work and hand off to other parts of the software, you can really mess up your reporting.
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Nikki Patterson profile photo
July 27, 2016

I love MIP!

Score 10 out of 10
Vetted Review
Verified User
Review Source

Usability

10
MIP is fairly easy to learn and to update. Whether it's transaction entry or reporting it has logical steps and maintains consistency. These are things that make usability a positive and not a negative.
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Carol Dougherty profile photo
Score 6 out of 10
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Usability

8
When MIP is not available because of computer challenges my team freezes. They rely that heavily on it on a regular basis. It is the foundation of our entire cash management, budgeting, our entire finance accountability system. It is the go to for data to track vendors, use, customers over the last 15 years. It is one of the key bricks in our business management foundation. It has never let us down.
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Feature Scorecard Summary

Pay calculation (121)
8.7
Benefit plan administration (86)
6.4
Direct deposit files (102)
8.5
Salary revision and increment management (92)
7.1
Reimbursement management (71)
6.3
API for custom integration (74)
8.4
Plug-ins (48)
8.6
Single sign-on capability (220)
8.7
Role-based user permissions (266)
8.9
Dashboards (151)
7.1
Standard reports (287)
8.0
Custom reports (280)
7.9
Accounts payable (299)
8.4
Accounts receivable (209)
8.2
Cash management (191)
8.2
Bank reconciliation (267)
8.5
Expense management (212)
8.5
Time tracking (77)
6.9
Fixed asset management (126)
7.8
Multi-currency support (30)
7.8
Multi-division support (116)
8.6
Regulations compliance (89)
8.4
Electronic tax filing (141)
8.1
Self-service portal (89)
7.8
Standardized Processes (14)
7.4
Inventory tracking (1)
7.3
Automatic reordering (1)
1
Location management (2)
7.7
Manufacturing module (1)
1
Pricing (50)
6.4
Order entry (51)
7.2
Credit card processing (2)
2.5
Cost of goods sold (2)
2.7

About MIP Fund Accounting

MIP Fund Accounting™ is a configurable fund accounting solution that allows you to report and track information that is most important to you, your board and your supporters. According to the vendor, the solution can change and grow with you through your most difficult of fund accounting, human capital management and payroll decisions alike.

MIP Fund Accounting™ exclusively serves the financial management and fund accounting needs for thousands of nonprofits and government agencies. MIP™ has received the Campbell Award for several years in a row. The company focuses on your long-term needs, and allows you to custom design your system to enable you to manage effectively, get timely information, streamline processes and provide strong controls.

MIP™ is a fully integrated system with comprehensive functionality including fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, dashboards, and more. The flexible structure enables you to manage and report on multiple cost centers at the general ledger level including multiple organizations, funds, projects, grants, programs, departments, locations, etc. The product can be deployed on-premise, in the cloud or self-hosted. Separately, you choose whether you would like to purchase/own the system or if you would like to pay by subscription.

MIP Fund Accounting Features

General Ledger and Configurable Accounting Features
Has featureAccounts payable
Has featureAccounts receivable
Has featureCash management
Has featureBank reconciliation
Has featureExpense management
Has featureTime tracking
Has featureFixed asset management
Has featureMulti-currency support
Has featureMulti-division support
Has featureRegulations compliance
Has featureElectronic tax filing
Has featureSelf-service portal
Does not have featureGlobal Financial Support
Does not have featurePrimary and Secondary Ledgers
Does not have featureIntercompany Accounting
Does not have featureLocalizations
Does not have featureJournals and Reconciliations
Does not have featureEnterprise Accounting
Does not have featureConfigurable Accounting
Does not have featureCentralized Rules Framework
Has featureStandardized Processes
Inventory Management Features
Does not have featureInventory tracking
Does not have featureAutomatic reordering
Does not have featureLocation management
Does not have featureManufacturing module
Order Management Features
Has featurePricing
Has featureOrder entry
Does not have featureCredit card processing
Does not have featureCost of goods sold
Does not have featureOrder Orchestration
Does not have featureEnd-to-end order visibility
Does not have featureOrder exception Resolution
Payroll Management Features
Has featurePay calculation
Has featureBenefit plan administration
Has featureDirect deposit files
Has featureSalary revision and increment management
Has featureReimbursement management
Reporting & Analytics Features
Has featureDashboards
Has featureStandard reports
Has featureCustom reports
Customization Features
Has featureAPI for custom integration
Has featurePlug-ins
Security Features
Has featureRole-based user permissions
Has featureSingle sign-on capability
Does not have featureMulti-factor authentication
Has featureUser-level audit trail

MIP Fund Accounting Screenshots

MIP Fund Accounting Competitors

MIP Fund Accounting Support Options

 Paid Version
Phone
Live Chat
Email
Forum/Community
FAQ/Knowledgebase
Social Media
Video Tutorials / Webinar

MIP Fund Accounting Technical Details

Deployment Types:On-premise, SaaS
Operating Systems: Windows
Mobile Application:No