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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

(824)

Attribute Ratings

Reviews

(1-25 of 429)
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Score 7 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund Accounting primarily is used in my role for budgeting and developing reports on expenses and receivables. This product also allows myself to create a chart of account and make editions throughout the year. Business problems this product helps with are yearly operating budgets that we can develop, track daily to yearly expenses, show an overview of revenue captured, and allow the organization to better interpret its expenses and revenue through the year.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
We use MIP Fund Accounting in are organization that goes with our Microx system. This is how we display and move money around. It is a very valuable tool. It allows us to see financial ledgers and detail of spending. it also gives you the ability to run reports and check balances.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund Accounting has brought us into the 21st century! Not only is the accounting module intuitive and user friendly, but the way it integrates with the other modules has streamlined many of our processes with Purchasing, Inventory, Ordering, Payroll, and even HR. It's well worth the investment for an efficient work environment.
February 26, 2024

Excellence of Execution

Score 8 out of 10
Vetted Review
Verified User
Incentivized
We use MIP Fund Accounting for all of our accounting functions. We pay bills and receive funds through it. We also track fixed assets and our purchases through MIP Fund Accounting. W2, 1095, 1099 are all produced as well as our payroll operations for the company. We do not currently use the program for HR functions, but our HR does use the payroll module for the work they need to do. MIP Fund Accounting helps us to retain all of our information in one place. Before the company used ledger books to attempt to keep up and it did not go well.
February 24, 2024

MIP Review 2023

Score 10 out of 10
Vetted Review
Verified User
Incentivized
I login into MIP Fund Accounting to order supplies for my department. I use it to order Staples, Waxie, Mckesson, and Charm-Tex. I have to place an order through MIP Fund Accounting, and then my Manager receives a message to approve the order. I keep track of my orders, and so does accoutning.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
I use MIP Fund Accounting to process accounts payable, journal entries, generate vendor and payroll reports. We are nonprofit for workforce development; we sponsor our clients with short training and financial help to pay for training expenses. MIP allows me to run reports to see the exact amount that we have spent on each client. In the past this was an issue being able to get the total money spent on a specific client or grant, with MIP it is easy and user friendly to run a report to get this information.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
We use the MIP accounting system to record items in the general ledger - accounts payable and receivables - to form financial statements. Enter journal entries - cash receipts/disbursements. We enter all assets. At the end of the month, prepare the depreciation. We join the payroll from ADP into MIP through the GL interface, a very reliable system.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
In my organization, we use MIP Fund Accounting to input invoices. Using this application is crucial for all sizes as it streamlines financial processing, enhances accuracy, and provides valuable insights. The only problem with MIP Fund Accounting is that, at times, it can become slow. When trying to work fast within my organization, time is of the essence.
February 23, 2024

MIP in the Open

Score 10 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund Accounting is used by the whole organization for department and overall reporting as well as compliance reporting. It was purchased to allow for reporting by cost allocation to multiple cost centers, including both internal departments and grants. The major benefit is that it allows a large number and multiple levels of cost centers and programs.
February 16, 2024

Outstanding Software!

Score 10 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund Accounting assists our organization in tracking and managing expenses and receivables on a daily basis. MIP assists us in tracking our open receivables with the very useful A/R aging reports. On the Payables side we create and send out a decent number of checks to pay invoices each month and the system assist us in tracking and maintaining that AP activity. We also rely heavily on the A/P aging reports for tracking. The bank reconciliation module is also a great tool that we use to track our bank activity. Especially with the growing number of electronic fund transfer transactions.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund Accounting is our Accounting system for 5 different funds. We use the GL and AP modules, with plans to use Fixed Assets and AR modules in the very near future. We have a third party payroll vendor, but have been able to use the Import feature of JEs to assist with monthly payroll activity.
Score 7 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund Accounting is used for the finance department at my organization. The program addresses the recording of financial activities for the organization. We strive to integrate all aspects of our business to utilize MIP Fund Accounting effectively.
Score 7 out of 10
Vetted Review
Verified User
Incentivized
I use MIP Fund Accounting to prepare monthly financial statement, along with ledgers and trial balance. The templates for AR and AP have been helpful, allowing me to use softwares like Bill.com to import into MIP.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund Accounting is used to consolidate billing and accounting data from 3 separate software programs. I could not imagine a more suitable program to do this. It boils everything down in a palatable form and is relatively easy to navigate. It took me minimal time to learn the program and get comfortable navigating it. There is a minimal learning curve, and not much can be undone, so any errors I happen to catch can be fixed with minimal stress.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
We use MIP Fund Accounting for our organization's accounting record keeping. Including, but not limited to, manager reports, payroll imports, accounts receivable and payable and budgeting. It runs seamlessly with our hourly time reporting software.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Abila MIP is a great accounting software program if you work in the FQHC world or where you have a ton of grants you have to keep track of. We use MIP to do our Budgets, Fixed Assets, Payables, GL, and Bank Reconciliations. We use Microix to link our payroll and PO Module to this system which makes it seamless. This program allows me to track my grants many ways so I stay compliant with the Federal Government. The system is easy to use and allows me to even scan in documents like invoices so I can retrieve them later on. This is just a really good system when set up and trained properly on it.
Yelena Novik | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
MIP is used mostly in the accounting department, where we have a few users. It is also installed in one of biggest programs located separately from admin. But at this place it is not used much for now. Probably in the future MIP will be used there and in another programs as well.
June 05, 2023

Abilia MIP Review

Score 8 out of 10
Vetted Review
Verified User
Incentivized
We are a non-profit membership association that also receives federal funding for training grants. We use MIP for the accounting of all functions of our organization, but it is most useful in the tracking of the seven different grants we currently have.
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