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
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September 13, 2016
MIP review
We are a non-profit foundation. MIP is our accounting software. We use it in a hosted environment. It is especially important for board member financial reports as well as required reports for our annual audit.
September 13, 2016
A Robust Solution
A government organization that we manage uses it for accounting, grant management, payroll, and requisitions. All employees on site and offsite have access to specific areas that they need to do their job.The Employee Web Services is the most heavily utilized module by the majority of employees - this has almost entirely eliminated paper timecards.
September 12, 2016
Multiple funding and cost programs used.
Our organization uses MIP Fund Accounting for our general accounting needs, cost reports, and expense analysis. It provides useful tools to access and review our revenue and expense data.
September 12, 2016
Abila for small non-profit with three divisions
MIP is used for all aspects of organization-wide accounting and financial reporting, including accounts payable, monthly financial statements and project-based reporting to funders.
September 12, 2016
MIP Fund Accounting friendly and has potential
MIP Fund Accounting is only used by the Accounting Department and we utilize the following modules: Accounts Payable, Electronic Funds Transfers, Accounts Receivable, Accounts Receivable Billing and Bank Reconciliation. MIP has streamlined our data recording and reporting processes. We are continually re-evaluating our needs and find that MIP generally has the solutions we are looking for.
September 12, 2016
Mip user for 8 years.
It is being used across 4 affiliate non profit corporations. It is being used for general accounting, fixed assets, budgeting, and encumbrances. We still have the grants module, but I do not believe that it is supported any more.
September 09, 2016
Nonprofit software - nailed it.
MIP is used by our organization as the sole accounting software. It is used exclusively by the accounting department, reports are sent to department managers and board members. We previously used another Sage product for business, this fits us better as we are a non-profit and having access to the fund accounting is very helpful.
September 09, 2016
Abila Review
HDF uses MIP in the cloud to have the ability to work remotely. We brought the accounting/finance functions in house from an outside servicing company.
We are a CDFI - a hybrid bank for low-moderate financing to assist first time homebuyers. We have to use many Excel spreadsheets and outside systems for lending related activity to augment accounting records....making it an expensive system for us.
September 09, 2016
Abila MIP Fund Accounting - Great for Non-Profits
MIP Fund Accounting is being used by our accounting department only. MIP has significantly helped with financial reporting to our major funding sources, internal reporting to senior management and the board of trustees, and has allowed us to incorporate a significant amount of efficiency to the day to day work of the individuals in the accounting department. MIP has allowed us to streamline the accounts payable process, improve with accounts receivable invoicing and the collection of outstanding rent, pledges and grants receivable, and improve the overall general ledger management process.
September 09, 2016
Mip Fund Accounting - Growing with Abilia
MIP Fund Accounting is being used as our primary accounting software for 32 schools and the company that manages it. We have several add on programs that we have joined with MIP for budgeting, accounts payable, and expense reimbursements. Prior to using MIP Fund Accounting, we were using QuickBooks. It was not robust enough for our growing organization. We have a finance team using MIP and we have others that have a type of read only access.
September 09, 2016
Beware poor database implementation issues.
Our Finance department uses MIP Fund Accounting for it's various accounting activities. MIP Fund Accounting also also interfaces with our MIP HR module and the Employee Web Services site which is accessed by the entire organization.
September 09, 2016
GoFundAmerica with Abila MIP
We use it for our A/P, very little for A/R. We use enterprise software for our contributions received and for our financial statements. It gives us the flexibility to have layers for ways to pull information. This is important with keeping our expenses in the correct accounts while still charging them to the right funding areas.
September 08, 2016
Overall in MIP
This program is being used by the finance department which only consists of two employees.
September 07, 2016
Abila Fund
I use it for all financial functions. At the moment I am the only one using it. This may change in the future as more people are hired in the finance department.
September 07, 2016
MIP Fund Accounting is So So
MIP is used for accounting, payroll and HR. It allows us to track expenses, payroll costs and manage employee data with the HR module.
September 06, 2016
Abila is great for multiple funding sources and periods.
We use it for all of our general ledger transactions and payroll. So it tracks information for the whole agency, but only the accounting department actually uses it.
September 02, 2016
Review at a Glance
It is only being used by the Finance Department. It can pull many report based on activity or department.
September 02, 2016
Abila Review
MIP is being used for accounts payable purposes like invoicing and check printing, it is used by our finance and accounting department only
September 02, 2016
Loving Abila
MIP is being used across Agency for the EWS time logging and payroll functions.
Our accounting operates completely with MIP.
Our funded programs rely on the reporting function in MIP.
September 02, 2016
Non-profit grant-making point of view
There are only three staff working in MIP: accountant, admin and me as the grants manager. In my role I work the financial side of grants and contracts. This entails creating the "vendor", identifying payment schedules, releasing funds and running various reports for Program staff. I also supervise the admin responsible for entering recurring invoices, processing donations and reconciliation. We are in the process of creating a step-by-step procedures manual for these aspects for transition and backup.
September 02, 2016
Abila- Nonprofit Review
MIP Fund Accounting is used by our accounting department. The main problem is the compatibility with other softwares. It is user friendly to an extent. We would like for it to automatically upload information from other softwares without having to enter and spend time working on an enormous query.
September 02, 2016
The MIPpet SHOW
MIP Fund Accounting is used by Dane Co Parent Council for general ledge (GL) accounting, AP, and financial statements. It permits for accounting by grant funds and easy to set up statements. It maintains AP vendor accounts and allows for review of the general ledger, and bank reconciliations. It permits for individual financial statements and consolidated statements according to needs and selections. There are features for exporting reports to Excel if there are desires to make use of the database information in that format or statements can be designed to automatically develop in the desired format, making use of what comparisons are desired from a vast selection of criteria.
September 02, 2016
Abilia MIP is very customizable
MIP Fund Accounting is a superb accounting solution to track the many facets of a community action agency. It is completely customizable to address the needs of various funding sources as well as being very user friendly.
September 01, 2016
Abila MIP Fund Accounting Review
We use it in our accounting department to break down and manage funds for the entire organization. We also use it to generate reports for our monthly board meeting so that our staff and board members can see the day to day fund picture of Minot Commission on Aging.
August 31, 2016
A great product backed by great customer service!
We use the MIP system for our AP and I find the system to be very easy and user friendly. I do use the help phone [number] and find the agents very helpful. The MIP community forums are also helpful.