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Abila MIP Fund Accounting - debits and credits made simple
June 07, 2016

Abila MIP Fund Accounting - debits and credits made simple

Jeffery Guddat | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with MIP Fund Accounting (formerly Abila MIP)

It is the Finance application for use for all things Finance at our organization. It addresses the accounting and reporting requirements for a non profit quite well in terms of rules it enforces, and simplicity of use. It enforces the need for fund accounting concepts employed in non profit GAAP.
  • Enforces fund accounting concepts by not allowing journals to not have correct and balanced fund accounting entries
  • Has a nice cash reconciliation module
  • Fund accounting/reporting and basic non profit financial reporting is easily implemented.
  • Handles investment earnings allocations in an automated way, very nice.
  • Setting up new reports seems to me to be a bit more cumbersome than it could be.
  • Would like a little more flexibility to handle some unique circumstances in the investment earnings alloc module
  • Would like ability to add more rules-based enforcement on the use of program codes ie only allow on selected GL accounts, etc.
  • Quick and easy basic accounting and reporting - very positive impact
  • Allows for exception reporting - positive impact
  • cash reconciliation and tracking related details - simple and straightforward
Yes we have. We have structured our funds to allow for easy accounting, easy retrieval of information in the manner we generally need it. MIP's prompting, and other data entry aids, are helpful in this regard also. It's discipline that it enforces around fund accounting requirements are quite helpful in preventing data entry errors.
MIP fund accounting is the only package we looked at when moving from a quickbooks environment. Because of its simplicity, we are not a complicated financial shop, but also it was relatively easy for conversion from the prior system and process. Significant improvement due to its design for the non profit financial world.
Already mentioned its enforcement of fund accounting rules which is very helpful to not allow G/L to have unbalanced fund entries within a journal. That is a key feature that I find most helpful. Although there are limitations at times, the investment allocation module is quite helpful as well. And the wizards provided with setting up a new account or fund are very helpful as well. Can't think of anything where it is less appropriate. It is a fine non profit package.

MIP Fund Accounting Feature Ratings