MIP Fund Accounting

It is being used by the Accounting department only. We use the AP module and partial AR module for budgeting purposes and we distribute financial reports to other departments and our Board of Directors Committee.

MIP is our accounting and scholarship system. We keep track of all donations, scholarship distributions, and write all invoices and checks from MIP as well. Our accountant then uses it for reconciliation and adjustments/Journal Entries.

MIP is being used across the finance department. It is being used for financial reporting purposes. It is intended to track payment information for orders placed by the purchasing department. The budget department creates entries that set aside funds for particular purchases, in which the budget officer enters the estimated funds needed along with the fund coding information. It is also used as a user-friendly option for accountants to enter payment/funding information so that the data can be turned into a static file and transmitted to the uniform standard accounting system used by the State of Texas Comptroller's office among all state agencies. The MIP interface is more user friendly to the accountant and the data fields required for particular categories of purchases/payments are easier to view because of the one-line, white space table. Also MIP allows shortcuts to address the problem of multiple or even hundreds of coding lines that need to be copied for a particular category of payments, allowing for saving time and resources in order to record a payment.

We use MIP fund accounting for our general government and enterprise funds tracking information not only by fund, but department as well. We used to use QuickBooks and switching to MIP enabled us to track shared expenses across funds and the financial reporting ability has been extremely helpful in preparing year end financial statements for our auditors.

This is an amazing software for accounting, you can do a lot of things to manage your budget, prices, and more. The interface is awesome and the support has great quality. In our institution, we use MIP to follow and keep the track of our budget and expenses, for example if we work with a community we can set their needs, create and projects, a follow the expenditure in each topic of that project. The software also helps us to have reports quickly about our activities and finances.

MIP Fund Accounting is used by our HR, Accounting, and IT departments to manage employee, payroll, benefit, and budget data across the entire organization. In my experience the chief problem it addresses and the reason for continued use is it is an accounting system designed directly for non-profits.

MIP is used as a comprehensive accounting package for the whole organization. It offers a wealth of services tailored to non-profit organizations and their particular needs. The software provides support for payroll, membership activities, business operations, and more. It offers a number of reporting tools and is fairly easy to use, especially for regular end users.

We migrated to MIP over 6 years ago from a COBOL mainframe system. We have been extremely happy with the transition. We generate over 100 separate financial statements on a monthly basis. The system is easy to use and everything is integrated. Our managers have up to date access to financial information which is a great benefit. We are able to generate many reports that allow us to track our financial information. The only con is having to use Drill Reports to have a more robust reporting system. Drill Reports is very expensive for only getting one developer license.

MIP Fund Accounting is being used by the finance department and the purchasing department only. All general accounting and financial reporting is performed via MIP. In addition, the purchasing department uses MIP to enter encumbrances to track open purchase orders. Use of MIP has fostered collaboration amongst various departments whose responsibilities impact financial reporting and monitoring of budgets. MIP makes producing financial reports very easy and the ability to quickly modify any report is very helpful.

MIP is used by our agency mainly by the accounting department. Our directors of the grant programs use the software for report purposes only. The accounting department uses the accounts payable and accounts receivable daily. We do not at this time use the payroll module. The reports are easy to filter in order to provide the information you need to review, file or provide for meetings. Our company had used MIP for 12 years and it has met our needs.

We use MIP Fund Accounting across the whole organization as our primary budget and financial accounting software.

MIP Fund Accounting is used by a couple of departments in the organization that focus on fund accounting. It helps us understand the sources of funding as well as generally keep things organized. It is really helpful as well because it matches compliance standards so we never had a worry in bringing them on as sometimes fundraising is risky.

MIP Fund Accounting is used by our small public television station as our accounting software program.

MIP Fund Accounting is used by a client of my company in a specific department for basic accounting.

MIP Fund accounting is currently being used by the fiscal department and by the executive director. We use it to address business problems such as budget management, payments to vendors including the electronic payment feature, payroll including managing employee information, payroll taxes, direct deposits to employees, accounts receivables and billing, bank reconciliations, and tracking program revenue and expenses.

We use it primarily in our fiscal department, but provide information from the system to all departments.

MIP Fund Accounting is our main GL accounting system in which we use the GL, cash, AP, and fixed asset modules. One of the great things of MIP is the flexibility with accounts and reports variations. We also take advantage of the upload capabilities to upload journal entries and invoices that have multiple lines such as the one allocated across our funding.

MIP is the accounting software we use for our organization's general financial needs. We maintain all accounting, for both operating finances and charitable endeavors, with this system. Its use is restricted to the Finance Department in our relatively small organization, but the reports we produce using this software is used by all members of our extended staff. All reporting to our Board of Directors is also used with MIP reports that we have developed ourselves over time.

We are a Federally Qualified Health Center (FQHC) and use MIP to keep track of all our financial accounting information. We use MIP to properly track our various grants via revenue/fund codes, and we also use MIP to scan in invoices and contracts so we can have everything stored digitally which makes finding and retrieving historical information easier. MIP is also used to keep track of our fixed assets, and we use MIP to track our various departments so individual financial statements can be produced for these areas with ease.
MIP is a good product if you understand its capabilities and are willing to invest the time to set up its many robust features. When I first used MIP I did not like the program due to never using it before. Once I started using it though, and began to understand its various features, I learned to love this program because it allows for finance professionals working in FQHCs to capture data in ways to satisfy federal reporting requirements for things like the UDS and Medicare Cost Report more easily. Also if you set it up correctly, you may not need as many people in the accounting department to get the work done thanks to distribution tables, stored ability to retrieve and use old JE entries, and being able to upload large amounts of data like a payroll.
We are looking to expand our use of MIP via the payroll module which we feel would eliminate having to import 3 entries that we have to do through ADP. MIP is a really good product provided it is set up correctly from day one and you take the time to learn how to use it's features properly.

Finance is currently the only department to use MIP Fund Accounting. We use it to record all financial information and to produce reports for other departments in the whole organization. MIP is able to record revenue and expense information for more than 20 programs under the same company. We are able to run reports for the entire company, or just the specific portions we are interested in.

We use MIP to process our organization's payroll, accounts payable, HR, and track inventory. Members of our accounting department are the only ones that use this program. The program tracks all of our assets, income, and expenditures. It also tracks employee information and inventory items. We use MIP to generate our end-of-year tax forms as well.

At PCHS, we use MIP for HR, Payroll, General Accounting and Financial Reporting, Budgeting, Accounts Payable and limited Accounts Receivable.

We use MIP to do the process on most of our checks. It is an easy software to use, and it allows our organization to keep track of all of our expense records. We can check our records at all times, and verify dates and totals paid. We also find it to be very helpful for our year end audits. We can run a variety of reports sorted by GL accounts, by dates, and other. The only thing I don't like is that some reports are buggy. For example I cannot run a report that includes both check numbers, and GL numbers on the same report. The tech support is excellent. I have called them up for some issues and they usually resolve my issues the same day.

MIP Fund Accounting is utilized for all our electronic accounting needs - general ledger, payroll, and reports to board and management.

MIP allows for a much quicker way to produce financials statements than using Excel. MIP address unique needs that NFPs have. MIP also makes data entry extremely easy. MIP does a great job of balancing flexibility with ease of use.