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

(176-200 of 429)
Companies can't remove reviews or game the system. Here's why
Brenda Masters | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • When you use the support Line, they call you back if you leave a callback number.
  • Easy to use and learn for data entry and basic, daily use, and frequently used programs.
  • General Ledger, department and program coding can be customized.
  • They have enhanced the bank reconciliation process and voiding checks in accounts payable - both are important to me. They do improve the software - they do not let it go stagnant.
  • For 1099s the program is user unfriendly. The program could exclude YTD payments under $600 automatically.
  • In accounts payable entries, vendor addresses come up automatically. Need to add that functionality to Accounts Receivable Receipts module and Cash Receipts module.
  • Cash Receipts module needs to be integrated with Accounts Receivable. Donors in cash receipts need to be fully credited with donation (Revenue) even if processing fees are deducted. Rather than recording the full donation to the donor's account, the amount of the deposit (less processing fees) is recorded in the donor record. A serious problem in my mind; forces you to use full Accounts Receivable module which I only use for billings to largest donors.
  • I would still like them to show the address of the customer when you are entering receipts in the cash receipts module.
January 08, 2018

HealthCare + Non Profit

Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • Payroll
  • Employee database organization
  • User friendly time clock
  • Software updates need to be done separately (per module: HR management, EWS, drillspoint)
January 08, 2018

Functional

Score 7 out of 10
Vetted Review
Verified User
Incentivized
  • Allows for multiple distribution codes.
  • Allows user defined fields.
  • Good telephone support.
  • Fairly user friendly.
  • The fixed asset module is very weak. There are numerous glitches. You cannot modify a distribution code during the lifetime of the asset once set up.
  • Help screens could be improved significantly.
  • Better integration with drillpoint report writer.
  • Budgeting ability is nonexistent. Budgeting needs to be done outside of the G/L and essentially we need to manually input thousands of fields for the budget.
  • Lack of support for integration for positive pay.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Segregation of different types of funds.
  • Reporting module very versatile. We have been able to create all different types of reports that our old system could not do.
  • Accounts receivable system easy to use and track what's owed to the organization.
  • Allocation module is a great tool for allocating out costs across the board.
  • The allocation module works off of one account code. If that account does not have activity for the period of the allocation, it will not run and we have to go back in and change it to an account that does have activity for the period.
  • Another problem with the allocation module is in one that we have set up for fringe benefits. There is no way to set the fringe benefit rate. The allocation automatically pulls the rate that is entered for our overhead allocation and we need to manually change it to the correct rate.
January 08, 2018

Overview from daily user

Score 7 out of 10
Vetted Review
Verified User
Incentivized
  • Financial Reports are really good.
  • A/P is fairly easy to process
  • Customer service is good
  • I would like for name fields to be set up differently. Last name and first name in a separate field. Sorting is impossible when the entire name is in one field.
  • Recurring entries are difficult to use.
  • Writing a one time check is difficult.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Allowing reports to be exported into a PDF or Excel worksheet is very beneficial when presenting to our board.
  • Emailing a report to a funding source without having to print it out and scan is very smooth and helps when you are in a hurry.
  • The ability to filter for the exact item(s) that you need help when auditors need verification of those exact details. This is valuable for helping our department locate those areas that need explanation as well.
  • It would be helpful to locate an item when we are given a check number rather than the name on the check.
  • When we process our payroll we have to manually remove extra coding so that our salaries are not all over the general ledger. It would be nice if there were a better way for this function to be eliminated.
  • It would be great if the process for using Atrix was smoother. We have issues almost every year for one reason or another.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Tracking Restricted Funds - It is very easy to see at a glance where we stand with the receipt and use of specific project funding.
  • The Ability to Keep Fiscal Years Open - Some program force you to close out your year within a relatively short period of time. MIPS can be kept open for as long as I need to complete my annual Audit preparation. This relieves pressure.
  • Allows me to easily review my staff's entries, invoices, etc. before they are posted. This eliminates potential errors and corrections.
  • MIPS needs the ability to drill down. There is currently too much need to write down invoice numbers, JE numbers, etc. in order to cross-reference (view) related documents.
  • MIPS needs to expand the availability of certain data fields. I would like to see more fields available under the Contents Tab when designing reports. Too many times, I will be able to choose a certain field under one report but be unable to access the same field in another report. This requires me to design two or more reports to get what I need.
  • Improve the Historical Invoices Function. Currently it allows you to print the original invoice. If a correction was made afterwards (using the same invoice number), it creates two entries with identical invoice numbers and if you select and print the wrong one, it will not reflect the change. I realize that the Statement capability can address this, but to me Statements should be used to reflect billing amounts and payments received.
Doug Sandor | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • Many standard reports are available. Customization is easy to produce.
  • Has ability to email reports directly to users.
  • Has built in controls for managing journal entry sessions.
  • Can improve on their MIP Advance product in making their dashboards easier to use.
  • Can improve on producing a trial balance report that contains 1 row per GL account.
Score 1 out of 10
Vetted Review
Verified User
Incentivized
  • Backups are quick.
  • Size of backups are small.
  • Technical support is horrible. I called in to ask how backups of the database could be done. I was told they don't support automated backups. After finally convincing the support technician that before they were taken over by Abila someone had helped me automate the database backups, they then finally bothered to look up the article and when I followed the directions it DID NOT WORK. I had to spend another 2 hours of researching on the internet until I finally came to a non-Microsoft forum that correctly described how to automate backups using the SQLCmd.exe.
  • Include automated backups.
  • Provide a way to migrate from former products like MAS 90.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Our organization has different donors that require specific reporting requirements in various currencies. MIP's multi-currency module simplifies this process of accounting and reporting.
  • The payroll module allows the organization to have the capacity to simplify the process of our payroll even when our staff increases based on the needs of various projects.
  • Since our organization is non-profit in nature, we rely heavily on accurate real-time data of our receivables from our main donors as well as other sources as well as our payables. This form of reporting is used as a management tool to make informed decisions in order to efficiently use scarce resources.
  • Flexibility at our end to customize the income tax aspect of the payroll module to suit our local tax system.
  • More flexibility in the customization of the various financial reports that are requested by our donors.
  • A function can be included which monitors the performance of consultant contracts.
March 03, 2017

Abila MIP Is Great

Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Strong Reporting: Report creation is simple to use
  • Easy Interface: This product is easy to use
  • Human Resources: The human resource module really brings the full employee profile into one system
  • Attachment Storage: Users can easily store attachments linked to transactions
  • The product could use a positive pay module
Score 10 out of 10
Vetted Review
ResellerIncentivized
  • Improved accounting period close
  • Fund accounting DrillPoint module links directly with Excel which helps with financial statement preparation time
  • MIP offers training, which helps users utilize the modules better
  • Support is not as fast as we would like to see
  • High initial cost for implementation
  • Users need to be trained as it has so many modules, sometimes we have to have an external consultant
March 03, 2017

Great Fund Management

Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • MIP Fund Accounting provides the ability to accurately allocate expenses across multiple funding sources. The setup of various allocations and distributions within the software is very user-friendly
  • From general ledger reporting to complete financial statements, the reporting features within MIP Fund Accounting are robust and flexible. MIP provides our organization the ability to customize reporting and provide actionable information to managers and executives.
  • Cash management is performed flawlessly within MIP Fund accounting. The bank reconciliation features and journals allow us to effectively manage our cash position at all times.
  • Currently, we hard-enter our annual budget into the software. There does not appear to be an import tool which seems odd given the ability to import and export data from other modules.
  • Within the Administration/Security module, if I need to provide a user with the ability to "post" transactions, I cannot limit which modules the user can post within. For example, I provided the AP manager the ability to "post" transactions, but could not limit this authority to only the AP module.
February 28, 2017

Abila review

Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Allocations - can perform complex, multi level allocations
  • Flexible chart of accounts with ability to expand
  • Good audit trails
  • Budget module - cannot paste ranges of values from Excel in the spread column in an original template
  • Speed of DrillPoint - takes an inordinate amount of time for the system to update
  • Reports - cannot schedule reports to run in the evening and running during working hours ties system up
  • Form 990 and cash flow statements - not usable tools unless we greatly expand our chart of accounts. These statements need the ability to use formulas to produce the reports
  • Project management during implementation was weak and the Abila consultant was not helpful in identifying solutions when we faced challenges
  • Billing for a/r restricts the # of digits to 2 decimal places, but we require 4.
Marcia Clemons | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Bank Reconciliations are easy to complete
  • Electronic timesheet system makes payroll very simplified
  • I am not good at building reports and there should be more options for already built reports.
  • Currently I am unable to email reports out of the system, not sure if it is an IT issue or because of the Windows upgrade that we just had.
February 13, 2017

Frustrated Abila Reviewer

Jim Luker | TrustRadius Reviewer
Score 4 out of 10
Vetted Review
Verified User
Incentivized
  • Support is very good when you can reach them
  • Menus are consistent across the program
  • Handles fund accounting particularly well
  • Quicker response from support.
  • When running a report, say General Ledger Analysis/Expanded General Ledger and you filter by GL account have it remember that account so when you go back and change the filter it's the same one. This would be helpful to me because when I filter it's for account reconciliations and I typically go in account order.
  • Let you define your fiscal year; when running reports that have a default of this year it always starts with January 1st; our fiscal year starts July 1st so I must change all of the standard reports.
  • The reporting for payroll sucks. Unlike the financial side you can't select fields that are in linked tables. For example, you can't get hire date & YTD hours on one report, you need to run two and use Excel vLookup to link them.
  • Thinking about it most people in support are very friendly and knowledgeable; I remember the ones that have told me something is impossible to do and later find out that it is possible.
  • If you walk away from MIP for around an hour, it requires you to exit and come back in. When you exit you lose everything you've been working on in MIP; including some reports that may have taken a long time to run. I would like the ability to be able to start a large report running, come back from and if I'm been gone too long and I'm kicked off by the system simply enter my user name and password and reenter where I left off.
February 10, 2017

Capturing goal results

Score 7 out of 10
Vetted Review
Verified User
Incentivized
  • The accounts payable module is very flexible and easy to use.
  • MIP imports and exports easily and works.
  • It works well with our bank upload formats.
  • The accounts receivable module is very cumbersome; too many steps to navigate.
  • The AR module prints and sends invoices before the coding entries are posted. This creates a gap in the process that sometimes gets overlooked, or there may be coding issues that are not discovered until after the invoice is printed.
  • The coding application should be first; much like the AP module; with the printed invoice being the last thing done.
Samantha Cribbet | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Incentivized
  • Building report queries that give you meaningful data is very easy to do.
  • Creating new accounts, funds, etc., through the wizard function is easy.
  • The logic behind fund accounting comes across well in the product.
  • Voiding checks. The system is still being worked on for this and you must void a check in multiple ways.
  • When you make an error adding a new fund or due to due from for that fund, you can't rewrite over it with the wizard, instead you have to go gl line by gl line to fix it.
Robert Dickey | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • MIP's integration with TimeStar has saved our staff plenty of headaches. It is easy to use, and installation was a breeze.
  • The HR management module ties directly into our database and does not require users to input data into two separate databases like most software.
  • The Fund Accounting software as a whole is easy to use, loads quickly and allows users to be more efficient than ever. Saving time, headaches, and money.
  • Our organization would benefit from automated backups to another drive/server. Currently we have to back the data up, then move it manually. If there was a automated process, it would give us more peace of mind.
  • Automatic Updates would be a big plus, making time/scheduling times to manually run the updates is not always easy in a large organization like ours where people can come in early and work late.
  • Tech support queue times - Although the Abila Tech support is always very helpful, we can often be on hold for anywhere from 30 minutes to an hour and a half. If a problem occurs during that work day, that can cause significant delays in accounts receivable, or even worse, payroll.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • I am able to have separate projects that cross our fiscal year open at the same time but have them roll up under a fund level.
  • I am able to import data from other government systems into MIP which eliminates a lot of data entry.
  • The payroll module is extremely flexible in allowing an employee to charge to different projects each payroll cycle.
  • Exporting data from MIP for W-2s into Aatrix does not allow me to print the spreadsheet to reconfirm the numbers.
  • When updates are released at the end of the year, it has been confusing as to which release needs to be installed to update the tax tables.
  • I don't call support very often, but I was placed on hold for an hour and then when I missed the call back I was not able to contact someone directly.
Maylen Naranjo | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Tracking grant expenses through resources.
  • The payroll module also helps with tracking grants and makes it very easy to post the journal entries for payroll.
  • The flexibility with reports is great.
  • In payroll it would be great to see more detail when entering payroll - like a grid that shows the calculated gross for each employee salary or hourly rates.
  • In payroll the ability to create 2 separate checks for one employee in the same payroll run.
  • In payroll - to have the ability to gross up a check more quickly.
Heather Keene | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • The Grant Management module allows you to track all projects, programs, and grants, including grant submissions, decisions, and grant funding amounts.
  • A series of custom report templates allows you to easily create custom reports from scratch.
  • All of your reports can be exported to Word, Excel, HTML, or PDF formats.
  • The initial software is well worth the cost, but some of the additional modules would be nice to have, but are very pricey.
  • Once the initial software and database has been created, some aspects cannot be changed.
Return to navigation