MIP Fund Accounting friendly and has potential
September 12, 2016
MIP Fund Accounting friendly and has potential
Score 7 out of 10
Vetted Review
Verified User
Overall Satisfaction with Abila MIP Fund Accounting
MIP Fund Accounting is only used by the Accounting Department and we utilize the following modules: Accounts Payable, Electronic Funds Transfers, Accounts Receivable, Accounts Receivable Billing and Bank Reconciliation. MIP has streamlined our data recording and reporting processes. We are continually re-evaluating our needs and find that MIP generally has the solutions we are looking for.
- MIP's Accounts Receivable billing module effectively generates and processes electronic delivery of billing documents as well as recording associated payments received.
- MIP's Accounts Payable module functions very well with Aatrix 1099 reporting tool. We currently do not sure the W2 feature, but the electronic reporting of 1099/1096 information is timely and very convenient.
- We have recently started using the Electronic Funds Transfer module. It is very convenient for creating batches that communicate with our bank software.
- The import features for Accounts Payable invoices and cash receipts are very helpful!
- MIP's Electronic Funds Transfer module, during setup, does not allow for testing of information being transferred.
- MIP's Accounts Receivable billing module import feature has not successfully worked on our trials. Consequently, we have not attempted to import an Accounts Receivable receipts batch.
- MIP's import feature for both vendor and customer update of information removes the detail of the record for items not being updated; notes are lost, other contact items are removed, etc.
- MIP Fund Accounting has allowed us, along with other internal upgrades, to streamline processing by eliminating paper and labor waste.