Skip to main content
TrustRadius
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.

Read more
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 …
Continue reading
Read all reviews

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

View all pros & cons

Video Reviews

1 video

MIP Fund Accounting Review: Serves As A Customizable Accounting Solution Software
01:14
Return to navigation

Product Demos

Introduction to MIP Cloud Accounting Software

YouTube
Return to navigation

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).
Return to navigation

Comparisons

View all alternatives
Return to navigation

Reviews and Ratings

(819)

Attribute Ratings

Reviews

(126-150 of 429)
Companies can't remove reviews or game the system. Here's why
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Distribution codes help with complex allocations.
  • Reports that are easily formatted to address specific audiences, including multiple languages.
  • Ability to map G/L entries to the 990 format.
  • Ability to import large CSV files - avoids massive data entry workloads.
  • Reporting formats don't have easy previews - have to save format, go to report, and run to see preview. Some programs give a sneak peek on what it will look like.
  • Adding modules becomes cost prohibitive when the module would increase use and users (licensing costs).
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • By having the ability to set up the system specifically for your organization, one can customize the software versus having one that treats all companies as a cookie cutter approach.
  • Fund management - tracking income and expenses for each individual grant is a must for our organization. One the other hand, it is helpful to easily merge all the data and generate consolidated information.
  • It is also very easy to create custom reports and having the ability to set up filters to generate specific information.
  • I would love to see some improvements in the Bank Reconciliation module. For example, being able to select/highlight multiple rows and then click the check mark to select, say, 15 rows. That would be helpful - cutting the time of having to click each row one by one.
  • I would also like to increase font on the overall application. Currently I must manually increase font of certain areas. I would like to automatically increase all font sizes and have them stay within my settings as an ongoing feature.
Tony Lamm | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Customer Service is always great.
  • backups are very quick
  • updates are very easy to install
  • Cost effective solution for our non-profit.
  • adding an invoice on the fly could be made easier
  • tracking customers and purchases that they have made could be made easier
  • printing mailing labels of customers for mail outs would be a great feature they could add
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Reports are flexible in the choices of information you want to get. They can be easily customized to your specific needs.
  • Corrections to unposted and posted entries are easily made.
  • I like that the accounting and payroll are now together on the same application instead of two separate ones. Before they were combined I had to open two separate apps, one for accounting and one for payroll and keep switching back and forth between them. Now it is just the one and it is so much easier and convenient for them to be combined.
  • We have employees that work different shifts and get a pay differential depending on what shift they are working. I need to do two separate paychecks for the different pay rates for those employees. It would be easier if there was a way to do a single check with the split rates on it.
  • Although the reports are easy to customize there are some instances when you want certain information on a report and the choice for that information is not available for you to choose.
  • You can easily reverse and copy a posted accounts payable entry, but that option is not available for checks issued in a write checks session. You would either have to do a journal entry or void the check and re-write it with the same check no. and print it on plain paper. Kind of a pain.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • The ability to manage segregated funds. We have funders who fund multiple programs, and those programs have multiple funding streams. MIP handles this with surprising ease, saving us time while making sure we comply with our contracts.
  • Support. The people are great, but it still takes to long to get a live person.
  • Reporting and data exports. It's not terrible, but a bit more flexibility would be great. Also better handling of printers - we've had a surprising number of odd ball issues with printers.
  • Better handling of Windows updates. Some of our printer issues were definitely related to Windows 7 - definitely over a year after Windows 7 had come out.
  • We've had the same issues going forward, such as with Windows 10 updates.
  • Also, reports - it's still too hard to get the appropriate level of detail for some reports.
  • Integrations - there are things that MIP barely handles (eg purchasing) and the integration options are limited.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Reporting. I can obtain 99% of the reports I need with the reporting. It is easy to use and very flexible. Other systems require a complex reporting module that is geared towards a technical person with database experience.
  • Technical support. This is the first company I have worked with that has a technical support department that truly understands accounting. If I were to call to discuss an allocation, they understand what I mean. The technical support department is very prompt.
  • Interface with other products. Easily able to import/export transactions. It simplifies day to day transactions that can be entered into an Excel spreadsheet and imported into the product. We also use it to export transactions for further analysis.
  • Reporting. While I love the reporting module, I would like to have access to all the tables. While this could be accessed through SQL, I am not a SQL expert. I realize this may create a more complex reporting module, but it would be worthwhile.
  • Budget. Need an easier way to enter budget or import budget. Would prefer to import into the budget module directly because I prefer the module over the piece contained in the General Ledger.
  • Requisitions module. Would like more robust requisitions module that I could roll out to the users. The existing requisitions module does not meet our needs.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Track funding sources for grant reporting
  • Track overall programs within the organization for FS and 990 preparation
  • Prepare multiple P&L's and other reports
  • The budgeting functions don't seem as user friendly.
August 12, 2020

Newbie's Review

Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Accounts can be customized just about any way you want; if you prefer using strictly numbering, or names either can be used as you like.
  • Accounts receivable entries are quick and easy to input.
  • Searching for information in the program is usually very easy.
  • For the AP module, I have found that it would be nice to be able to change an account name. When a vendor has a name change, the only options are to enter a new account or leave it as is and try to remember what the name is in the system when an invoice comes with the new name. This also applies to our employee accounts - when someone has a name change, we can't just change the account name.
Ellen DiGiacomo | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Easy to use and implement. Even new users can get up to speed quickly on MIP Fund Accounting.
  • Works well by having it on a local server in our environment where we can control access easily and have quick response times.
  • Currently we are now using EFT and employee notifications which is working great
  • Also using MIP Fund Accounting for W2s.
  • I think it should be MAC compatible and it is not.
  • The HR Management Module still has some issues and could be enhanced.
  • Some of the reporting features could be better.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • As I just mentioned, the flexibility to allocate revenue and expenses in multiple ways is probably the biggest strength.
  • Very user friendly - I was able to learn the system without any formal training.
  • Very stable - never have any performance issues, even with our less than cutting edge technology!
  • I would like to see a way to manage prepaid expenses. Microsoft Dynamics has a module that handles deferred expenses - you tell it where to charge the expense and over what period, and it sets up the batch. Then you just review the batch and post it. Saves a ton of data entry!
  • Would like to have the option to select Unposted Transactions on all financial statements. Right now it's only available on some.
  • There should be an Insert Line capability in the input screens, such as the Accounts Payable Invoice entry or Journal Voucher entry. Right now the only way that I know of to insert a line is to enter it at the bottom and move it up to where you want it, and that's very awkward. You should be able to highlight the line below where you want to insert, right click and have an option to insert, similar to what you do in Excel
Score 7 out of 10
Vetted Review
Verified User
Incentivized
  • MIP has the ability to be customized to your specific GL needs.
  • MIP has grant tracking abilities.
  • MIP lets you have record retention right at your fingertips.
  • Bank rec is not a user-friendly operation, it lacks the ability for ease of use and clarity.
  • MIP needs a better platform for credit card statements and reconciliation. Right now, we have to manipulate the system so we can have these accessible.
  • Reporting tool needs to be upgraded. It isn't user-friendly and requires lots of training and trial and error.
August 11, 2020

Abila MIP just works

Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • MIP provides detailed customization to fit your organization rather than force you to use an out of the box configuration that may not suit your needs.
  • MIP is easy to set up and uses industry standard SQL Server back-end so backups and restores are easy.
  • MIP has good reporting options with simple customizations.
  • MIP support is always available.
  • More customized reporting so data exports to products like GrantVantage could be accomplished by the end-user rather than Database administrator.
  • Official support for application virtualization like Microsoft App-V or VMware Thin-App so deployment is easier.
  • MSI packaging for installation and updates through group policy.
  • No local administrator access to install or configure application.
  • Integration with Active Directory.
August 11, 2020

Abila - One Stop Shop

Chanette Oeser | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Incentivized
  • The modules work well together making all necessary information available in one place.
  • The Payroll module interacts with our Accounting module making financial information much quicker to analyze.
  • The financial reports are easy to create and use.
  • The reporting available in the HR Module is substandard compared to the Accounting modules.
  • All fields are not available for all reports, causing the need to export information to combine certain fields.
  • The formatting of reports is cumbersome and not user friendly.
Vicki A | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • Grant tracking capabilities.
  • Easy chart of accounts set up.
  • Flexibility with reporting.
  • Cost, many smaller health centers can not afford the initial upfront expense to implement MIP.
  • Not as user friendly especially when it comes to running reports, the balance dates cause lots of confusion and erroneous reports for some of our users.
Score 7 out of 10
Vetted Review
Verified User
Incentivized
  • I like the ability to integrate this product with other existing products.
  • I like the upgrade process..it isn't a large time burden and always works.
  • The reporting feature using Drillpoint is nice.
  • Since I deal with MIP on a purely technical aspect there really isn't anything that I have run into that needs to be changed.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Import of accounting entries of all types.
  • Managing allocations of costs.
  • Integrations are limited but MIP has partnered with specific businesses to allow for some integration.
  • Some may say it doesn't have a nice user-friendly feel because it is not Excel-based, but I have come to like the user interface and product.
Daniel Davis | TrustRadius Reviewer
Score 4 out of 10
Vetted Review
Verified User
Incentivized
  • The first thing MIP does particularly well is allocations, it is excellent for slicing and dicing transactions across multiple cost centers for grant or department tracking purposes. We currently break our transactions down into Funds, Regions, Grants and of course GLs. This level of granularity is optimum for our multi-location, multi-grant organization.
  • MIP also has excellent security administration. Administrative privileges are detailed enough to effectively administrate appropriate segregation of duties.
  • MIP reports are very customizable and we are able to obtain an effective level of transparency by drilling down into whatever level of detail we need to research a particular issue or provide reporting for executives, the board, grant administrators, auditors, etc.
  • There are several areas of improvement for Abila MIP. First of all, too much of the software is 'moduled' for additional costs. We want solutions that are comprehensive without additive fees for necessary functionality such as bank recs, payroll, and other modules.
  • The membership invoicing is an extreme pain point for us, with a membership base in excess of 6000, processing invoicing can shut down our system if not completed carefully. It would be great if we could also integrate payment processing to be automated between our credit cards and the Abila software.
  • A lot of the transaction processing is very onerous, particularly when certain transactions need to be reversed or when we are applying prepayments, this is mostly in the membership invoicing areas, but even needing to move a transaction across cost centers can prove challenging.
April 12, 2019

Jackrabbit

Score 6 out of 10
Vetted Review
Verified User
Incentivized
  • Recurring Entries: very helpful for those transactions that happen on a regular basis. The entries are already set up and the list is a reminder that this needs to get done.
  • Entering cash receipts: it asks enough details to clearly distinguish different transactions.
  • I would like to see the ability to add a 1099 classification to an entry after it is posted.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • Tracks budget amounts and availability very smoothly and the reports are easy to read and utilize.
  • The encumbrance tracking is excellent and makes staying on budget much easier.
  • The general ledgers are easy to access and read.
  • Information by funding source is easy to track and access.
  • Like the 1099 coding functions.
  • Payroll module is too complex and requires too much duplication of information input. This is the most confusing system I have ever utilized. It needs to be streamlined and duplications removed. Some information has to be entered in 2-3 locations, much too time consuming and easy to overlook.
  • The payroll tax reporting is very much outdated-have worked with much cheaper software that did a much better job of processing tax returns and W-2/W-3's.
  • While we like the accounting, we would certainly like to switch the payroll system for something better.
  • Drill-down ability on the GL would be nice.
April 09, 2019

New User

Score 7 out of 10
Vetted Review
Verified User
Incentivized
  • MIP provides import capabilities for payroll and labor so that it doesn't have to be manually entered. This in turn provides reporting for yearly audits.
  • MIP's General Ledger reporting function provides a way to pull specific information on accounts, which in turn makes it easier to review accounts for reconciliation and correction when needed.
  • MIP provides Bank reconciliation, which makes the monthly reconciliation more efficient and effective in discovering discrepancies.
  • It would be nice if MIP worked more like an Excel spreadsheet, where lines could be easily added to entries and the entries could be sorted on more than one heading.
  • It would be nice if the MIP didn't keep you from accessing other programs (Excel, Word) when in the report module.
March 22, 2019

Simple but effective

Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Run comparative financial statements (budget versus actual).
  • The ability to drill into report lines to find out more details about the entries.
  • Automate the recurrent transactions and reduce manual entries.
  • Customize reports.
  • Integration with other software.
  • The ability to reverse posted transactions.
  • More user-friendly.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • Customizing reports makes it easier to meet the needs of the reviewers before posting.
  • Submitting a 1099 is very user-friendly.
  • The AP module is very easy to navigate. Easy vendor set up. Cutting checks is very easy as well.
  • Running AP/AR aged reports are not able to pick unposted transactions which can be time-consuming at times to wait for an AP batch to be posted.
  • Reviewing and printing from the vendor/customer activity screen is painful—you have two option print a summary, that is easy but not detailed and once you choose the detailed option and you highlight the entries, it doesn't pick them all.
  • Printing preferences are sometimes a pain to set up, we recently hired a new employee and we had to contact the MIP support line because none of the obvious settings were not helping her printing reports in landscape or every time she turned off her PC, the settings will be changed again.
Jon Dize, CFRE | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • The Interface is easy to understand. It is a typical accounting system. Not as intuitive as I would want, but the accountant loves it better than Quickbooks.
  • As far as accounting software, it appears to be a powerful solution. Yes, it does. Again, the accountant loves it.
  • In our area, it is widely used. Lots of MIP users, yes.
  • Creating reports is not easy. Not the best with reports. Not intuitive.
  • Integration with sister product FR50 is horrible. They may be owned by the same company, but the interfaces, reports, etc. are not at all similar.
  • How we use it for scholarship management is less than desirable. We had to "make it work".
Return to navigation