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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March 20, 2019
Very user-friendly and great online support
- 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.
March 15, 2019
We're OK with MIP; it was our only option.
- 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".
March 05, 2019
An A/P Accountant Perspective
- MIP is user-friendly and enables efficient data entry. For example, as an accountant, I often see purchases that need to be paid with multiple lines of code. Often the amount of coding lines reaches over 100 lines of code. For these purchases, the budget department does not code the purchase and as an accountant with many bills to pay, I appreciate that MIP provides shortcuts like F6 to copy a whole line under the one above or F5 which allows me to copy down only one field if needed. It saves me a lot of time to copy data versus having to re-key information.
- MIP provides options to run quick reports on orders and purchases. With few clicks of a button, I can run a report on the encumbrance status (i.e. the funds set aside for purchases) and see if an encumbrance has been previously used up whenever I am unsure that an invoice has been paid. I can also run reports on past years funding information to see how a particular contract or purchase has been paid years prior when old staff used old processes.
- MIP offers an "Excel export" and "PDF export" option for payment reports. This option often saves a lot of time, particularly when I have to make an entry for a transaction that has 100 lines of funding code and I am looking for where I made an error in my entry of debits. I am often off by only a few pennies in my entries and the ability to export my file into excel allows me to run a pivot table and find my error easily. This way, I save time and work smarter.
- The MIP software often freezes in the middle of my line entries or it will freeze up when I run a report. That said, I often deal with documents that have over a hundred lines of code and this may be the reason why the software takes a minute or two to load properly.
January 23, 2019
Fund Accounting made Easy!
- Creating disbursement codes to share expenses across departments
- Ability to create your own financial statement formats for various reports
- Drill down in reports for easy access to detailed data
- Awesome customer support is always there to help you
- I would love to be able to have my GL codes print in alphabetical order by name in the Profit and Loss report
- Print GL Codes alphabetically in P&L
- My only complaint Print GL codes alphabetically in P&L report
January 22, 2019
The best for accounting and administration in your organization
- Good for accounting, we manage a lot of projects at the same time, and the app help us to keep on track of each one, also we can make reports about the accounting for the communities or government.
- Excellent budget tools, you can manage the budget with high precision and detail, you can add activities, expenditures, costs, personal involvement in the project and set the budget for each one.
- A perfect interface, it has a friendly and nice interface, you can create graphics and tables easily, and you can watch in your computer or devices all the information at the same thing, to have a better explanation of the project.
- It is a little expensive for small companies, to personal use or startup, because of that many people prefer to use a free software or with GNU license instead of Abila.
- It demands high professional profile, it is not for any kind of professional, the people who is going to work with the app requires certain level of knowledge in accounting and administration.
- It can be difficult to use in some cases, especially the ones related to the opinion of the community where the changes happen too fast, so you need to creat all the tables and graphics again and again until the people be agree.
January 22, 2019
My experience with Abila MIP Fund Accounting.
- Managing employees is a breeze.
- Payroll and direct deposit is very easy to implement using MIP.
- Plenty of canned reports and the option to build custom reports.
- MIP was originally designed as various modules. Even with the current unified UI, it still feels like you are navigating between modules.
- Their sales team can be frustrating to work with, it seems the resources they have to give to potential customers are limited.
January 21, 2019
A well packaged solution for smaller non-profit organizations
- The interface and operations of MIP Fund are fairly easy to utilize and learn.
- It offers some excellent tools for managing a non-profit operation.
- The software makes it easy to streamline operations into one system without dealing with separate departments working with different systems.
- Sometimes support can be a bit off and challenging to get by phone.
- Some of the reporting tools are not as robust as some competing products.
- Vendor training costs can be high if needed by an organization.
January 21, 2019
Abila is a great system for non-profits
- MIP is extremely easy to use and migrate through the system.
- We are able to create separate financial statements to match each grant's reporting requirements.
- End users have real-time access to information.
- I would like to see a grand total at the end of page breaks. Currently you are able get a total on each page break but you need to manually add each one for a grand total.
- On the 990 reporting it is not required for a segment to be restricted. We should be able to identify a program or gl code within a segment if something is restricted.
- Enhance reporting to allow all end users to adjust reports unlike Drill Reports where only one user has the ability to create reports.
January 18, 2019
MIP Saved The Day!!!
- MIP export to MS Excel functionality is so easy to use and helps us to quickly begin research and/or analysis.
- The reporting features allow us to pick and choose which columns/fields we would like to see on reports.
- The option to include or exclude unposted transactions provides a good mechanism for what-if scenarios as it relates to financial statement amounts.
- The year-end adjustment feature is new for us however it saves valuable time when reviewing transactions/reporting in preparation for our annual audit.
- I'd like a better way to forecast expense that allows me to use a different multiplier or factors to augment individual line items.
- I would like the ability to develop the budget within the software so it would be easier for variance analysis between current budget and new budget or current actuals vs proposed budget
January 18, 2019
Abila MIP, is it for you?
- reports - easy to filter information
- easy to enter data into the software
- great technical support
- instructions for added features that are available are not clear, ie attaching invoices to AP entry
January 18, 2019
Abila MIP Fund Accounting
- Ease of installation and upgrades.
- SQL database back end. Makes for easy integration.
- Easily set up test company for testing new features.
- Full active directory group integration.
- Support for an Application server (file share) on a different server than the database server.
January 16, 2019
Abila MIP Fund - A useful tool!
- Compliance Standards
- Prepping for audits
- Reporting capabilities
- Interface
- A bit hard to onboard
- Sometimes it just takes a little longer to load
January 16, 2019
Small Organization Use of Abila MIP Fund Accounting
- Creates reports with ease.
- Easy to use to track grants we receive.
- You can not just delete or edit an incorrect journal entry. You have to actually reverse the entry and re-enter the correct journal entry.
January 15, 2019
Abila MIP Fund Accounting review
- Budget transaction is simple to use
- Journal entry is intuitive
- Check writing feature is very user-friendly
- Increased Windows 10 support
- Easier installation and upgrading features
January 15, 2019
I recomend Abila!
- MIP Fund Accounting has great support, they are always quick to respond and always find a solution or at least an answer. They also have a feature to easily request product enhancements.
- They give the user the ability to modify reports which is extremely helpful to be able to tailor reports to specific needs.
- Help and Support! If you are unsure of a feature the system has a great diagram for how the process works, click on a picture in the diagram and it opens up that feature. Once that window is open there is a Help button on just about every screen that, once clicked, takes you to an extensive library of procedures, descriptions, tips and important information.
- They put on a great annual training.
- The Budget Worksheet isn't the simplest to use and understand how the outcome will reflect. It took me some trial and error, and writing my own in-house procedures to feel comfortable with the budget worksheets.
- There are so many modules that Abila offers that it can be frustrating to learn that in order to obtain a certain feature you have to purchase another module, which may come with way more than you need or want. For example, with the Payroll Module you can select Direct Deposit for an employee but without the Direct Deposit module I can't access the feature to email the pay stub vouchers to those employees with Direct Deposit.
- There are so many reports available that it can be hard to remember where the report you need is located. Some reports don't include Unposted Transactions and some don't allow the same level of customization.
January 15, 2019
Track like a Pro
- Reporting is a great asset.
- Cost allocation to different funds through payroll is a breeze with this system.
- I like that you can choose who can perform different functions, and restrict access on an as needed basis.
- I would like to be able to pick and choose which entries to post within a batch.
September 26, 2018
An Accountant Perpective of Abila MIP Fund Accounting
- The AP system has invoice control to avoid duplicate invoices.
- Abilia MIP also has the flexibility to print 1099 statements for subcontractors.
- As with any other Fund Accounting software Abilia MIP can track all the funds in separate trial balance
- Entering budgets is relatively easy
- Although MIP has strong reports, there a few that can improve, i.e. cost center report in Proforma, P &L report by funding Proforma.
- MIP has recently added the features to handle credit memos but it still needs improvement, as there are some aspects where an invoice is entered against a credit and there is another entry created not in the payment register.
April 17, 2018
Abila MIP - Not my first choice
- MIP Fund accounting is functional and robust. In terms of it's efficiency, it can provide the flexibility you'd want in regards to customizing it's functionality. But I do admit that I sometimes find it unwieldy to learn, and perhaps not the most intuitive software that I've ever come across.
- We found the pricing to be competitive when compared to other softwares, and it has improved over the years we've used it, but at times the support could be better. I've noticed a big difference in ability between customer reps in the times I've called them.
- I find that MIP is not at all robust when compared to its competitors. I find a lot of the functionality limited when compared to other similar software suites, like Microsoft AX for example.
- There are glitches with MIP. Our auditors noticed that the bank reconciliation reports did not match the financial statements. When I called MIP customer support to find out why this was, he was evasive when I asked him whether this was a glitch or not. He finally admitted this was "a problem that had to be remedied".
February 26, 2018
MIP Good for use in FQHC's
- It allows you to create folders in which you can scan invoices, business associate contracts, and contracts in general by vendor. This allows us to keep everything in one place digitally. The good thing about this is that it speeds up finding old invoices, and allows you to send audit selections to the auditor faster due to the items selected already being scanned in digitally.
- MIP allows for the creation of distribution codes. These are nice as they allow you to charge out common costs to multiple departments in a quick manner. Without this feature, one has to key in manually many line items into the system each and every month. Plus this feature allows for consistency, and elimination of keying errors.
- If you have the Chart of Accounts set up properly, this system allows you to better track items by departments, Revenue/Fund codes, Location, and by GL. This is important as it allows for better analysis, tracking and reporting.
- As for the budgeting module, this is also nice as you have the ability to upload your budget via a CSV file or you can manually cut and paste your numbers from excel into the system as well. The key thing though is setting up your budget template to match the format in MIP when cutting and pasting.
- They need to better explain how to create definition files so end users can learn how to upload large amounts of data into the system. As of right now, most end users have to contact a consultant to create the definition file and pay literally thousands of dollars in order to do uploads.
- The financial statement reports could be better. When I created the income statement, the profit is shown as a credit, while a loss is shown as a debit which makes it look funny for presentation purposes. I now have to key everything into Excel so it doesn't do this. The reports could be better if it allowed a way to add statistics to the report. Most FQHCs present stats like visits, Days Cash on Hand and so on. It would be nice to be able to have these stats shown in the financial statements.
- MIP needs to allow for easier copying and pasting items into the fields. In the Budget module, you can't right click and paste. You need to select the "Edit" and then paste from the drop down menu.
February 03, 2018
Great product for small companies that have the potential to grow
- Predesigned report templates to suit many different types of reporting needs
- Easy to use and learn the basics
- Grows comfortably with a company, no matter if it is small to large
- It is not easy to find out if an invoice has been paid; you need to run a report first then search.
- Unable to have unposted information in balance sheet accounts
- Suspense items in bank reconciliations do not automatically carry over from month to month
January 19, 2018
MIP Fund Accounting is capable, but can be quirky.
- Processes Payroll. Once setup properly, payroll can be completed in a few clicks.
- Processes Accounts Payable. Can track several funds and programs as well as several vendors.
- HR module needs LOTS of work. Most areas in this module feel rushed and only half-function. For example- sick leave calculations don't pull the correct anniversary date, causing the results to be off by up to a month.
- The 1095-C tax module was a complete joke this year. Nothing auto-populated like promised, causing us to do a lot of hand entries. We purchased the HR module almost exclusively for the 1095-C reporting. Ended up being a waste of money.
- Reporting can be very limited.
- Reporting abilities can be very limited at times. We had to write a separate SQL program to pull the data that we needed for our retirement fund. The MIP system couldn't pull the data we needed. Being able to write our own SQL code for reports would be nice, but the system doesn't allow for it.
- Response time on the MIP tech support line can take up to an hour sometimes. Once you get someone, they don't always know what they're doing. We've gotten 2 completely different responses to the same questions, depending on who answered the phone.
January 16, 2018
Community Health Center Review of Abila MIP fund Accounting
- For in-depth analysis of the GL transactions, reports can be filtered to drill down on an account, a time period, a vendor, a department or grant, and then downloaded to Excel for use in pivot tables and other analysis.
- We use MIP for grant budgets and reports, making the preparation of financial backup for monthly, quarterly and annual reporting quick and easy.
- The budget module can generate budgets from the actual prior period history to the dates specified. This area can really give you the ability to generate a budget with limited manual input.
- The help support is usually very quick to get back to you, to point out where you can find the information and help you navigate the knowledgebase materials. Everyone I spoke to gives a sincere impression that helping you is the most important thing for them. I appreciate that friendly manner!
- I would personally love to have more "cut, copy and paste" functionality within the modules. In particular, when using journal entries there is no ability to "copy" 20 lines of entry, edit the department and move the amounts from debit to credit to reclassify items from one department (or grant, or gl code) to another.
- The bank reconciliation function is time consuming. Since we do a direct deposit, we have 140 or so "checks" for each payroll whereas the bank statement has one big debit. Each of these has to be individually checked off. When you move to another window and come back, the list jumps around and you can accidentally uncheck or check the incorrect item. It is very hard to troubleshoot when you have a lot of bank items.
- This may be a function of PCHS being in Alaska, but I find the training to be generally expensive. Since we have a limited budget for training and travel, particularly for accounting support staff, I have not been able to attend any of the multi-day training courses and have had to train myself. I have just purchased the summer training pass and hope to be able to get a lot of value from about 10 live webcasts for $795 instead of $125 per hour. Up to now I have not been able to attend the multi-day training because of the high training cost (about $500 per day for live classroom training) combined with airfares, hotels and other travel costs. Additionally the consultants who are willing to travel to our location want about $1,600 per day for one-on-one training. Any free webinars are generally for the purpose of selling add-ons or additional modules.
- I find the user manuals to be hard to read. They all start with you having a new installation, so it is hard to find the information you need without doing an online search. Usually I do a live chat to narrow it down.
January 12, 2018
Non Profit accounting solutions
- Ability to run various reports based on the data available
- Ability to import Excel data into MIP
- Tech support is fast
- Reports could be more functional - have the ability to have both GLs and check numbers on reports
- Some issues with license validation at random the software will decide not to work
- Addition of new features more often
- Add address verification support like ADP. ADP can verify addresses without having to google.
January 09, 2018
Abila - Great FInancial Software for medium to large non profits
- Ability to produce reports to management and funding agencies
- The audit trails are fantastic
- User Friendly
- Ease in navigating through modules
- Ability to exclude inactive, discontinued, terminated, etc., vendor and payroll accounts when looking up accounts
- "Select All" option when transferring from payroll to general ledger
- Expanding fields available for filtering when generating reports in payroll
January 09, 2018
Abila MIP great tool
- Reporting
- Data entry
- Ease of use
- More customization
- Statistical reporting
- Works much better as an on premise software than hosted