Excellent non-profit accounting software that meets our needs
August 03, 2016
Excellent non-profit accounting software that meets our needs
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Abila MIP Fund Accounting
MIP Fund Accounting is being used as the fund accounting solution for our non-profit agency. We use general ledger, A/P, and payroll functions. It is set up well to meet the needs of our grant-based agency as we have a number of funding sources that we must track. Also, the allocation module allows me to save a lot of time in this area and provides a good audit trail.
- Fund accounting capabilities. MIP allows breakdowns by several different segments and allows you to drill down to get a variety of reports, depending on the individual needs of the user.
- Allocation module. The allocation module makes our monthly allocations a much more stream-lined process and saves many hours of time. It automates this otherwise arduous process and makes it flow much better.
- Tax reporting. Through AAtrix, MIP has made payroll tax reporting, both quarterly and yearly, a much less complicated process. The cost is extremely reasonable for the amount of time saved and the accuracy is increased because the information is pulled directly from the MIP accounting records.
- Initially it can be complicated to set up reports or to modify the format once you have set it up.
- Setting up security rights in the Administrative section can be a bit difficult to determine if a person has access to something they should have access to, but still keep them out of other areas.
- There are some places where if you hit Enter instead of Tab, it takes you out of that window when you didn't intend to be out of it.
- The reporting features and audit trail from MIP has made it easier for us to provide requested information to auditors and monitors. This in turn has been able to speed up the process of our annual Single Audit and state monitoring visits.
- There are several processes that are expedited on a regular basis due to being automated. This would include allocations and payroll tax reporting, which otherwise can be rather time-consuming. This saves considerably on labor hours spent on these processes.
MIP is an excellent accounting solution for any small to mid-sized non-profit that has multiple funding sources. At any given time we have 15-20 different funding sources, ranging from federal to state to local. We are able to report to different agencies with different requirements for reporting using the information generated from our MIP system.