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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

(820)

Attribute Ratings

Reviews

(201-225 of 430)
Companies can't remove reviews or game the system. Here's why
Heather Keene | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Our non-profit organization uses a lot of the core modules available in MIP such as the GL, AP, AR Reporting, Bank Reconciliation and many more areas as a whole. I personally use the GL and AP core modules the most. MIP Fund Accounting makes it easy for users to manage multiple accounts. The software easily handles multiple transaction types, including cash receipts and disbursements, pre-payments, invoicing and customer statements, along with standard journal entries, and recurring entries. Since we are non-profit and not a large organization, it is cost efficient for our company. The MIP Maintenance and Support Plan offers product support and troubleshooting as well, and when you have an issue they are very quick to respond and helpful when you have an issue!!
January 25, 2017

MIP

Jewitt Bradley | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
MIP is used by our accounting department for payroll and grant management. It solves the everyday issues of tracking employee benefits. We have not implemented the web portal but are looking to implement this portion very soon.
January 24, 2017

Unhappy

Score 5 out of 10
Vetted Review
Verified User
Incentivized
I use the program to do the accounting, including payroll. Its ability to get in depth info is good. One other person uses it as well at an off site location for their checking account info.
January 20, 2017

Review of Online version

Score 5 out of 10
Vetted Review
Verified User
Incentivized
We use MIP across our entire agency. It helps us manage our budgets, financials, AP entry, AR management, payroll, time cards. We manage our grants expenditures and revenue in MIP. We use the web-based version now. We use the PO processing function with the e-req system and liquidate our PO for invoices.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund Accounting is being used by Girl Scouts of Southern Arizona for the accounting and finance functions. It is used by many other Girl Scout Councils across the United States as well as by the national organization Girl Scouts of the United States.
Lezley Kempf | TrustRadius Reviewer
Score 5 out of 10
Vetted Review
Verified User
Incentivized
We use MIP Fund Accounting across our whole organization for our accounting needs and as a web clock. It addresses our fund accounting needs as well as a way for employees to clock in from anywhere, even though there are bugs in the web clock trying to use mobile devices.
January 11, 2017

Very Limited for HR

Score 1 out of 10
Vetted Review
Verified User
Incentivized
MIP is used as the fund accounting software by finance. It is used for payroll and HR uses the HR Module as our HRIS system. It is VERY limited from an HR point of view. [You] cannot run anything other than a canned report. When we run the wizards, it does not give valuable information and is difficult to verify.
Ed Holcomb | TrustRadius Reviewer
Score 4 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund accounting is used by our finance department to track expenditures and income as well as reports on various items needed.

MIP is a good finance program and we use it for that purpose. The impact is minimal since it works as it is supposed to and for long periods of time between problems.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
I do not have any problems with MIP Fund Accounting. I usually used Quickbooks and many problems occurred including net asset and year end audit. I have around 250 accounts and it is easier to handle all the deposits and expenses with MIP Fund Accounting.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund Accounting is being used as the sole accounting software package for our non-profit company. It is used exclusively by the F&A Dept. It is an overall very good package which addresses most of our needs. We also use the Fund Raising module.
December 23, 2016

MIP Review

Score 8 out of 10
Vetted Review
Verified User
Incentivized
The MIP Fund accounting is used for the accounting records for the entire organization. There are 3 employees who are trained in using the MIP Fund Accounting program. We use it for all aspects of our business, except for tracking work hours and the related billing documentation. We have a complex distribution tracking agencies, services, service types, and clients. MIP has made it possible to enter revenues and expenses, using the distribution codes, and then create queries to produce reports that allow us to access information for all sources, or for one or two specific sources.
December 21, 2016

Reporting life saver!

Shane Bennett, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
MIP Fund Accounting is used in our accounting department and is incredibly useful in capturing financial data and in reporting. We must report on multiple grants to different regulatory agencies and this software allows us to record costs at many different levels from the grant, the grant year and grantor prescribed cost categories, while still sharing GL codes and employee/participant codes that may be applicable to any grant.
December 14, 2016

Abila MIP The Greatest

Score 10 out of 10
Vetted Review
Verified User
Incentivized
It is being used by the Board to manage about 40 different contracts/grants. It allows us to record all expenditures and revenue for each of the contracts separately. It allows us to record all transactions and reports to allow our Single Audit auditor to ensure we have recorded all transactions.
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