MIP is a great fund-accounting software program.
We use MIP Fund Accounting, not only for our daily operations, but for payroll and human resources. We utilize most of the functions …
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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MIP Fund Accounting Review: Serves As A Customizable Accounting Solution Software
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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'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.
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Meet MIP Fund Accounting
MIP Fund Accounting Competitors
MIP Fund Accounting Technical Details
| Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Windows |
| Mobile Application | No |
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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Reviews and Ratings
(821)Attribute Ratings
Reviews
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June 05, 2023
Highly recommend
We use all general ledger functions, AP, and grants management. It is used by fiscal department only, with view rights by CEO.
June 03, 2023
MIP users' experience
Currently it is being used by Fiscal Department only.
June 03, 2023
Abila - a great segment reporting tool.
MIP is currently being utilized by the finance department to facilitate the day to day accounting needs of the organization. It helps the organization address our fund accounting needs in addition to fostering an environment of proper nonprofit accounting and reporting. MIP is currently being used for Accounts Payable, Accounts Receivable, Journal Voucher Transactions, an other day to day accounting needs.
June 02, 2023
Great accounting software, could be more user friendly for those without an accounting background.
For accounting, keeping track of vendors, and credit card accounts. The accounting team uses it to set up automatic payments to all of our vendors and contract employees. It is used by our accounting, billing and operations departments. It is also used by our department in charge of ordering supplies to keep track of past invoices.
June 01, 2023
MIP Fund Accounting Review
MIP Fund Accounting is our accounting system of record for recording transactions for GAAP compliance and used for day-to-day accounting / business operations. It is also used to access data for reporting for either actual data or projection data for scenario planning / analysis. It is used only by the Finance department.
Currently, our organization use MIP fund Accounting for all our accounting and financial management needs. This product addresses needs such as managing fixed assets, the ability to report in multicurrency, and budgeting. For example, our organization is operated on an approved work plan and budget, and the budget module enables us to monitor our spending and produce reports such as variance analysis to assist in our forecasting, planning, and decision-making. In addition, this fund accounting software affords us the opportunity to manage several projects at the same time and enables us to produce on demand reports and random onsite inspections by our donors. Over the last year we have been comprehensively reviewed by one of our donor partners an they were impressed with our reporting as well as the scope of the current financial system.
May 30, 2023
Abila MIP meets my needs!
Abilia is currently being used by the business department for all accounting needs. It helps organize grants and allows us the ability to process transactions, run financials, and all other accounting and finance functions. We use fund accounting, and Abilia is great for keeping all of our funds and funding sources separated.
We use MIP Fund Accounting for all of our bookkeeping and accounting needs. We enter all money exchanged through our small business into MIP, including cash disbursements, cash receipts, disbursement checks, accounts payable, etc. Our business is very small, with one accountant and one administrator using MIP Fund Accounting. It helps us keep accurate financial records, which is extremely useful for our annual audit.
May 03, 2023
Positive
I am in the Finance Department and record all the General Ledger entries. Complete all the Balance Sheet reconciliation. Print reports to do all reconciliation.
April 25, 2023
MIP Does the Job
We are a non-profit administering mostly government grants. We use it for tracking payroll and other expenses, and creating invoices to expend grant funding and financial reports for our board of directors.
April 21, 2023
I do indeed like it a lot :)
I use MIP Accounting to enter and create budgets for contracts; pull expense reports for each contract; and locate certain accounts accounts with activity.
April 19, 2023
MIP Reporting is second to none.
MIP allows us to streamline our accounting and finance with our upper Financial Services and Tax Consultants. The reporting features are fabulous. The general accounting entries and payroll functions are easy to use. I have used other payroll and accounting software in the past and this is one of the easiest programs I have found. We have two locations reviewing our accounting and if I make a change, the other location can review the change in real-time. MIP is fantastic.
MIP Fund Accounting addresses the specific needs of nonprofit organizations which includes tracking and reporting on individual funds from multiple sources in a manner to comply with the Financial Accounting Standards Board (FASB), generally accepted accounting principles (GAAP), and other specific reporting requirements for federal, state or local government entities.
April 19, 2023
MIP is the best there is!
We use MIP Fund Accounting for AR, AP, Encumbrance, PO's, and Payroll and HR. I have worked with other accounting software, but MIP is my favorite. It is very user friendly. I have recently added the bank reconciliation module and I've very happy with, that saves me hours of work. I would definitely recommend.
December 08, 2022
Great product that is easily customizable.
We use MIP Fund Accounting to manage our local HRA and also our company, which is an economic development organization. We use it for AP, AR, GL, fixed assets, etc. MIP is able to provide the level of detail that we need and that our Boards need to make smart decisions for our companies. We are able to get accurate and complete reports and edit them to show the information we need.
November 21, 2022
Good Product for the Money
We use MIP Fund Accounting's GL, A/P, bank recs, budgeting, and reporting. We process employee reimbursements using the EFT module and are looking at doing this for some of our key vendors. The GL is easy to use and there is the save entry feature, which is nice because I have a lot of monthly entries that I don't have to key in all the time. I also like the reverse and copy option in the GL as well as it saves time. We run monthly revenue and expenditure reports for our budget leaders to manage their projects, making sure their projects are spending the way they should.
November 21, 2022
Happy Customers
It works well. We have used it for several years and have had very few issues. Support has been very responsive and effective. The product has been pretty low maintenance from a technical standpoint. The users are able to perform what they need. MIP Fund Accounting has worked out for our environment.
September 19, 2022
MIP Fund Accounting Review
We use MIP Fund Accounting for all agency accounting processes, including accounts payable, accounts receivable, general ledger, and payroll.
September 19, 2022
MIP -Workhorse Financial System
Annual budgeting, financial reporting with comparison to budget, variance analysis, nonprofit grant expenditure tracking, accounts payable
September 13, 2022
MIP is good if you know how to use it.
We use MIP to enter invoices, AR invoices to send to customers, journal vouchers, reconcile cash and ledgers, issue checks, and maintain vendors and 1099 vendors and reporting.
June 29, 2022
Healthcare? Grants? Departments? Budgets? YES!
We use MIP Fund Accounting for Payroll, Human Resources, and Accounting. In Accounting - my area - we use it for Accounts Payable, partial Accounts Receivable (only non-patient A/R), Cash and Bank Reconciliations, Full GL, Financial Statements, and Budget. We have 3 people working the PR and HR side and 3 people working the Accounting side, so our team is not too large.
June 25, 2022
Bang for your buck
It is across the whole organization. All our payables, receivables and financial report are generated by MIP.
MIP Fund Accounting allows our business easily accessible software for everyday accounting needs. It is used as our accounting and payroll software. MIP Fund Accounting contributes a lot to our company's financial needs. MIP Fund Accounting has a fantastic support team who are able to address issues with the platform for our needs. Each issue has been resolved in a quick and timely manner.
June 08, 2022
Would like to see more free training provided
We use MIP Fund Accounting for Accounts Payable, Accounts Receivable, Payroll, Cash Receipts, Cash Disbursements, Journal Entries, and Financial Reporting. Some of the problems I have is being able to create invoices. I currently create them in Word and then manually enter them into MIP. I also have numerous logs I have to keep manually to track check numbers, voucher numbers, journal entry numbers, etc. It would be great if/when everything moves to the Cloud (I think). I currently do not use the Cloud because I cannot perform all functions there and I don't want to switch back and forth between classic and cloud. The only other problem I have is that all of the training moves so fast and I am still learning the system. I often get lost and can't catch up. Very frustrating. Also, we have to pay for classes for training and I feel it should have been included in the price of the program. Not for a limited time. When I look at the manuals I have downloaded and printed there are often steps missing. I think they are not written for "first-time" users. There were numerous problems in our initial training.
June 03, 2022
I love using MIP Fund Accounting
I use it to enter various transactions and reports. The A/P Module is the one I use the most. Using MIP Fund Accounting to do check runs is very convenient for me. I also love the layout: The drop-down menus, the road map/flow chart, and the modules on the left side make MIP Fund Accounting user-friendly. I also like the options for reporting and charts. The charts make our finances easier to understand. This is some of the best software I've ever used! When I come to work, MIP Fund Accounting is the FIRST program I open. I ALWAYS look forward to using MIP Fund Accounting. Every time I use it, I feel like I'm being spoiled!