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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.

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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 …
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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

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Video Reviews

1 video

MIP Fund Accounting Review: Serves As A Customizable Accounting Solution Software
01:14
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Product Demos

Introduction to MIP Cloud Accounting Software

YouTube
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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).
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Comparisons

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Reviews and Ratings

(819)

Attribute Ratings

Reviews

(1-19 of 19)
Companies can't remove reviews or game the system. Here's why
June 05, 2023

Abilia MIP Review

Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • Imis
Our Programmer designed a process that extracts AP info out of the MIP database to add to our Customized Imis system. The process works great, but it requires that the TEXT entered in certain fields have NO errors (no typos). This is not an error on MIP, but a flaw in how my organization extracts the info to perfectly Match with the info in our IMIS database.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Budget Maestro
  • Paylocity
Our IT department found the process pretty straight forward and easy. Seamless Data exchange allows data transfer between different software systems. This reduces the need for manual entry and helps maintain data accuracy & integrity.
Donavan Lam, CPA | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Incentivized
  • Microix
  • Paylocity
  • BofA Commercial Cards
For Microix, it is now the default system for our accounts payable process. We utilize it to house invoices, provide audit trails and keep track of everything accounts payable related within that system. The integration was not very difficult as Microix was designed for MIP, however it was time consuming to ensure the set up was correct. For Paylocity and BofA, the integration was more about ensuring certain fields to ensure it matches with the chart of accounts for proper tracking and analysis.
Joanne Jenkins | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Microix
Microix is what we use for making our budget each year. It is very user friendly and allows each department to create their own budgets without adding seats to our MIP modules. Microix seamlesly works with MIP. There really is no difficulty in using the two together.
Score 7 out of 10
Vetted Review
Verified User
Incentivized
  • Import budget data into MIP from an external system - flat time produced by system pulled into MIP
  • Real-time link to an external electronic timesheet system - basic data pull to system of employee information such as leave amounts
  • Real-time link to an external HR system - basic data pull to system of employee demographic data to avoid duplicate entry
The key to all of our integration projects is familiarity with the MIP database structure. Once we were comfortable with the SQL side of MIP, we have been able to leverage that data across a number of projects with little issue.
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