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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May 25, 2022
MIP Love!
- Tech support and knowledge base. When I encounter an issue I can research the knowledge base to see if anyone else has had the same problem, and learn how to navigate. If I need further help, the support center is ready and available.
- I like the product enhancements; they will listen to customer feedback and make changes where we, the users, see fit.
- I like the shortcut buttons when you are in reporting; you can easily export to excel and PDF, print report details, etc...
- I like the options that reporting gives; you can truly create a custom report to extract exactly what you want to see or don't want to see.
- My #1 request would have a report that can pull from all modules. There are some reports that I have to run in separate areas to compile the data I want. If there were a one-stop-shop report center, that would be fantastic.
- I would love to have an option to make text size bigger in all parts of the system.
- We are in CA; I would like to see call center coverage to account for the time change to Texas.
- Cost allocate among multiple grants
- Time and Attendance reporting for multiple grants
- Accounts Payable
- Payroll
- Credit Card Bills and reconciliation
- Ability to run reports on distribution codes, which get changed frequently
- HR Manager system - not a lot of training available to learn the system
May 14, 2022
Great product, great price
- Flexible and customizable reporting
- Easy to use and intuitive interface
- Excellent customer support
- Looking forward to payroll being available on the cloud side
- In the cloud, I have to look in 2 places to find the vendor id and then view the payment history. It would be great for that to be one click.
- I get kicked out of the cloud side pretty frequently - I understand the need for security but the window of inactivity seems very, very short
May 14, 2022
MIPleased!
- I like that reports are fairly easy to create and run
- I really like that payroll is such an easy process in MIP Fund Accounting.
- If the reports were more accurate - especially when being converted to Excel
May 12, 2022
Abilia for nonprofits
- Grant Accounting
- Accounts payable
- 1099 reporting
- Duplicate payment prevention
- Ease of adding new accounts
- Easier report writing capabilities
May 02, 2022
MIP is Adequate
- Fund Accounting structure.
- The Dashboard configuration.
- More dynamic planning/budgeting.
- Better customization of Reports.
- Flexibility
April 29, 2022
MIP know what it’s doing
- Payroll
- Account receivable
- Reports
- I wish it was easier to correct input errors
- Don’t like the recent password change
- Wish forms were easier to edit
April 27, 2022
The good, the bad, and the ugly
- Flexibility to create as many fund accounts as needed.
- Ability to create a combined statement of revenues and expenses for multiple funds.
- Very difficult to use - not intuitive at all; I feel like you really need the training to understand the product.
- Very little automation; everything has to be manually entered which allows the opportunity for more errors and also requires a lot of double and triple-checking entries.
- Cumbersome and tedious to use; for example, a journal entry that could be done in two lines on other programs, in my experience, takes at least 6 in this program, sometimes more. When you have to do this repeatedly it takes significantly longer to do everything in this program than it should.
- Constant issues with reporting; reports are often missing funds or are incorrect and I have to call customer support for help. Most of these issues cannot be resolved immediately and a ticket has to be created to solve them.
- In my opinion, even simple things don't work properly. We recently found out that when exporting results into Excel, if you select to remove headers and footers with the export, the program also removes some of the data. No telling how long this has been an issue, so now we have a data integrity problem with all of our exports. MIP Fund Accounting says it will fix in the next update so this likely affects other users as well.
- Because the product is so time-consuming and cumbersome, it creates efficiency issues; everything takes longer than it should to complete, so we have to hire additional staff, especially at peak times.
- A lot of reporting options are available
- The multi-entity database flows well
- Simple formatting
- Ease of use
- Real Estate functionality
- Billing module is cumbersome
- Creating reports can be confusing
April 08, 2022
MIP Works for Non-Profits
- Being able to design a report exactly as you want.
- Data entry for payables and receivables.
- Training
- The Cloud. It consistently kicks you out and is super frustrating daily.
- Making adjustments for viewing the Classic Version. It would be nice if you could make the view larger.
- Deleting very old, unused vendors.
April 06, 2022
MIP-one of our best choices!
- Budgeting-we have over 25 departmental budgets to enter and it is efficient to do so through MIP.
- General ledger imports-we now use imports to expedite data entry and review
- Reporting-the options are numerous so that we can always pull the report needed-be it for the Board, external agencies, or internal requests
- Audits-each year our external audits have improved due to the capabilities and reporting available.
- Bank reconciliation-the ability to clear a series of sequential items would expedite the task
- Screen-should be able to "lock" the preference of the user-it goes away when leaving the screen
- The dates-on screen should have popped up to explain "document" vs. "effective" in various applications.
April 05, 2022
MIP for non-profit accounting
- customer service
- reports export to Excel
- customizable reports
- display on monitor
- high cost of compatible checks
- Segregates funds
- Manages grants on different time periods
- The reporting function allows you to easily isolate specific data
- The Encumbrance module has some issues that I have never seen to be resolved
- The Full AR Billing Module is a bit cumbersome in the user interface to invoicing
March 30, 2022
Great for Grants!
- Reporting
- Set-Up
- Pricing to add users
- Data visualization
March 30, 2022
MIP- even more than you thought you needed
- Reporting
- AP - total functions
- Support is helpful
- Exporting to excel could be improved by exporting formulas
March 29, 2022
MIP Fund Accounting review
- Budget balances.
- Encumbrances
- Separation of funds.
March 29, 2022
MIP - a good value solution that offers many extended features once you master the software
- Fund Accounting
- Reporting
- Accounts Payable
- Payroll
- Human Resources Module is pretty lacking.
- Grant Management tools and out of the box functionality.
March 28, 2022
Mediocore
- separating funds
- P & L's
- Payroll
- Reports, I would like to be able to drill down on more reports
- Leave accounting
- Payroll, I would like to be able to just tell the system I don't want any direct deposits instead of having to go into each employee and uncheck the DD box
March 28, 2022
Thoughts on Abila MIP Fund Accounting
- Reporting is great and you can create and save custom reports
- The accounts payable module is helpful for paying vendors through ACH
- The accounts receivable module is used often for cash receipts
- The accounts payable would be great if there were more paperless automation features
- The budgeting module could be improved with more reports
- It would be great if you could easily attach documents to the non cloud version
March 28, 2022
Great for small non-profit!
- Budget interface is pretty easy to use
- Training offered is great
- Helpdesk is responsive
- Drill down ability is not where it could be
- The budget template wizard does not allow a default user set up so you have to click through and make selections on each screen
- Would like to see more integration of budget and financial reporting (or learn how to see)
March 28, 2022
Easy and Flexible Reporting Features
- ability to design my own reports easily
- various options in check writing
- payroll module easy to use with lots of flexibility
- help mode is great!
- would like the ability to drill down directly from the reports
- would like to print GL reports without fund code detail
- quick training available for new users
March 26, 2022
MIP Fund Accounting to the Rescue
- Report generation and customization
- Combining various reporting entities and excluding any that need to be
- Allowing for drilling down to the transaction level
- Forecasting functionality is very limited since you cannot forecast by GL code or expense account code at different percentages or amounts
- Budgeting is not available as a tool for developing the budget only reporting
- More options with allocations would allow for varying percentages based on different expense account codes for a cost center
March 26, 2022
MIP is different but does the job quite well
- Ability to run reports with as much detail as you want
- Send out ACH payments through the AP module
- Ability to import files for journal entries
- In order "delete" a journal entry, you have to reverse the original entry (extra step)
March 26, 2022
MIP Fund Accounting: Efficient and Flexible Reporting
- Financial Reporting
- Interface with Microix AR AP and budgeting
- System setup and controls
- System for payrolls with complicated union contracts
- Integrate purchase order/encumbrance in the AP system
- Attachments features to upload back up documentation
- Dashboards for graphic presentation of Financial reports
March 26, 2022
If you are a Not-for-Profit, you need this software!
- Tracks the grant funds well
- Has a very good reporting system
- Easy for a new person to learn, because it is pretty intuitive for the most part
- The Query function would be better if you could query multiple databases at the same time.
- Occasionally there are glitches that lose or replace some information - it's not often though
- More standard reports could be added, especially in the HR module