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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
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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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Pricing

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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.

Entry-level set up fee?

  • No setup fee
For the latest information on pricing, visithttps://www.mip.com/request…

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Alternatives Pricing

What is FastFund Online?

FastFund Online from Araize is an SaaS system that integrates nonprofit, fund accounting, fund raising (CRM) and payroll in a single solution. The vendor says FastFund Online is designed to help nonprofits take control of their fiscal and development responsibilities in order to be more accountable…

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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

(823)

Attribute Ratings

Reviews

(1-25 of 100)
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Score 10 out of 10
Vetted Review
Verified User
Incentivized
I have used this system for about 12 years now and I still learning how to use it. It always surprises me how there is another report to learn to achieve my data reporting goals.
It is great to have a system that you have used long enough to feel comfortable with but also a system that allows you to learn new ways to report and enter data into the system.
February 23, 2024

MIP in the Open

Score 10 out of 10
Vetted Review
Verified User
Incentivized
A reliable product but not much innovation. Some needs like a comprehensive credit card accounting system are simply left unaddressed. Also, there is room for improvement importing files.
Score 7 out of 10
Vetted Review
Verified User
Incentivized
I put a five because I didn't have experience before using MIP at our organization. Coming in with a fresh new view point saw that this software program was hard to use. It has taken time to learn and understand. I am starting to really understand it but that has been over the course of a year. The limited training and paying for training is tough to get started too. Because the trainings can be expensive and our organization doesn't want to pay for them all the time.
June 05, 2023

Abilia MIP Review

Score 8 out of 10
Vetted Review
Verified User
Incentivized
I have used the system for 15+ years, so I feel very comfortable, however, each time I had a new staff member, I had to walk through each step, training is very beneficial to all staff.
June 05, 2023

Highly recommend

Score 9 out of 10
Vetted Review
Verified User
Incentivized
It works well for what we do. We have developed internal checklists for most functions, to ensure we don't miss creating an essential unposted transaction report.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
I have been working with MIP Fund Accounting for over 20 years and have come to appreciate the overall usability of it. However, for new users of this software, it may come across as not being user friendly an d can be quite confusing
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Because of the layout of the software and how everything is explained. I seem to get better at my job and have a better understanding of nonprofit accounting the more I use it.
Joanne Jenkins | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
I was given little to no training on the system and was able to navigate it quite easily. I was able to learn on the fly, figure out how to build reports and enter in data. This is a huge deal for any organization really. Training is often one of the lowest ranking operations in most companies (at least in my experience) and when you hire the right people, you can be assured they will get this program easily.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
I don't know what it would be like in the for-profit arena, but for the non-profit arena, it is an excellent product. I love how you don't actually have to close years and are able to get information that spans over the year-end. And the grant tracking is excellent too. It is just an excellent accounting system.
October 08, 2021

Simple and User Friendly

Score 10 out of 10
Vetted Review
Verified User
Incentivized
The desktop MIP was very user friendly. There were two or three ways to get somewhere. The side and top panels had different ways of getting you to the same place. This allowed for different navigational and thinking patterns for different people.

The Cloud version is still great. It eliminated one of the navigational ways and removed the option to have multiple screens and reports open side by side simultaneously.
Score 6 out of 10
Vetted Review
Verified User
Incentivized
Navigation is the biggest issue. The on-site MIP had multiple routes to get to the same place. It allowed multiple tabs to be open simultaneously. A trial balance report could be open and there was an option to drill down right there instead of exiting the report and opening the GL. Similarly, when doing payables, the yellow truck button which allowed vendor additions and edits did not make it to the new version. To do these things, you have to save and exit the payable batch and go to a new screen.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
I find MIP Fund Accounting easy to use, but I also minored in ERP systems in college. If you are a tech savvy type of person, you wouldn't have much trouble. However, those that are not tech savvy, may have difficulty. The good thing is, MIP Fund Accounting has a help page on every single screen; so if you have questions, the help button will address issues on that specific page.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund Accounting is user friendly once basic navigation and functionality is learned. Repetitive processes are reasonable and easy to manage. Report writing and manipulation requires a higher level of database relationship understanding to yield useful reports but the canned reports are helpful as a starting point. We do find ourselves trying things by trial and error to yield certain usable reports.
Bob Simpson | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
While it does require training, and I would suggest it be on site if possible or at their corporate training offices, most users adapt to it quickly. Most parts of the program have very similar layout and functionalities and ability to have tasks/reports pre-configured.
Score 7 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund Accounting is very straight-forward and simple. Literally, I needed no training to be able to figure out the features. I could see some thinking that it was too simple or might benefit from more complex reporting, etc., but for our purposes, it's wonderful! We also have an IT-remedial employee base, so complex software is not a good fit for our users.
July 04, 2021

Great value

Score 10 out of 10
Vetted Review
Verified User
Incentivized
I've been using MIP for over 5+ years and it has all the functionality we need. I think the basic account flow is easy to understand with a minor amount of training.
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