MIP Fund Accounting - Great Product
August 09, 2016

MIP Fund Accounting - Great Product

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with MIP Fund Accounting (formerly Abila MIP)

MIP Fund Accounting is used by the accounting department. The biggest problem it is addresses is the ability to keep the expenses and revenue for the funds separate.
  • Keeps a separate accounting for each fund.
  • Allows for imports of CSV files and exports of Excel and PDF files.
  • You have the ability to create the reports that work for you and do not just have to use canned reports.
  • Integrated accounting system with payroll system.
  • Have had some issues when they implement updates. Former reports no longer totaling correctly, etc. If there aren't enough users out there that use that report, they don't put time into getting it fixed.
  • There is no ability to change the character limits of your codes or ids once your company is set up unless you want to re-do the whole system and then pay to have someone working with MIP to transfer everything, which is quite expensive.
  • There used to be a local users group supported by the prior owner of this product. It was very helpful and I think they should invest time in continuing something like that as there are many people I talk with that don't feel the knowledge base is useful.
  • Mainly it helps to keep our funding sources straight and saves a lot of time on reporting.
This is the main reason we have this system and it works well for us.
QuickBooks Pro is the only other accounting system I have used here. When we switched to MIP Fund Accounting, we were looking for something that could expand our reporting capabilities and make our grant reporting easier.
Overall this is a great product for a larger organization. It has the ability to separately account for each funding source so there isn't a lot of extra work needed to be done in a spreadsheet to complement the MIP reports. It is fairly simple to use and if you do your payroll in house, then the integration of payroll to accounting is great.

MIP Fund Accounting Feature Ratings

Accounts payable
9
Bank reconciliation
9
Time tracking
Not Rated
Pay calculation
9
Dashboards
7
Standard reports
7
Custom reports
8
Role-based user permissions
9
Single sign-on capability
9