Abila MIP Fund Accounting stands above the rest!
August 05, 2016
Abila MIP Fund Accounting stands above the rest!
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with Abila MIP Fund Accounting
MIP Fund Accounting is used by a department within our organization, specifically the Finance/Business department. It is primarily used as our main accounting package, to track project statuses and cash flows, along with tracking budget vs. actual progress over the lifetime of the projects, both in domestic and international currencies.
- MIP Fund Accounting is a great package, especially in the detailed classification and separation with the charts of accounts feature.
- MIP Fund Accounting is very strong in capturing larges amounts of data, and possessing the ability to filter that data to arrive at meaningful results.
- MIP Fund Accounting allows the user to customize and organize reports, appearance, and performance.
- One area that has room for improvement is the limited capability of producing reports in multiple currencies, and being able to receive relevant data from those reports.
- Occasionally the import process can be cumbersome, in that it bogs down considerably when doing large data loads into the system.
- Being able to add more definition within the accounts payable functionality, specifically to accounts and routes, would be a great improvement.
- One positive impact has been the functionality of managing data in one location within MIP, and sorting the data relatively easily.
- Another positive impact has been the ability to custimze reports to meet the end-user's needs, which has been a life saver!
- One negative impact has been the difficulty in tracking multiple currencies within one project or account.
Our non-profit organization has, for the most part, achieved the benefit of managing multiple funds from multiple sources. Our organization receives investments and/or in kind gifts from numerous investors and other contributions from financial partners on a project by project level, and thankfully MIP Fund Accounting has the ability to aide the tracking of multiple incomes sources from different sources.
In reviewing and comparing the numerous non-profit accounting products and packages available, MIP Fund Accounting stands above the rest. Other products, such as QuickBooks Pro, have limitations that make you feel like you are working in a box. MIP Fund Accounting allows for the most coverage and functionality for the non-profit organization management, especially for multiple projects and income sources.