Overall Satisfaction with Abila MIP Fund Accounting
We recently switched to MIP from another accounting software. We wanted to be able to utilize the independent account codes instead of having to create all general ledger codes for each new grant, thus giving us a total of tens of thousands of GL codes. We also wanted better reporting capabilities that allowed us more customization. We use it for our whole organization, but only for finance. We don't utilize any of the HR components.
- Number one: independent account code segments. Unlike certain other systems, with Abilia MIP Fund Accounting, you can add a new grant or fund source at any time and parent off of an existing, similar one. You don't have create cumbersome account codes for every GL you might need, as as it will work with those you have set up.
- Running reports with un-posted items included. If you are like us and may need to enter your expenses, but perhaps not quite cut the check yet, however, need to run a statement of revenue and expenditures showing all expenses thus far, being able to include those un-posted items is tremendously helpful. It's also great if you see that you need to correct something with a journal entry. After you enter it, you can run the report to ensure it was what was actually needed BEFORE posting.
- It is a system that becomes very intuitive to you once you dig in. There is a logic to many of the reports and functionalities that seem to be overlooked in other systems.
- Importing doesn't always work so great. Many times our numbers add up correctly and equal out on the spreadsheet, but we can't import due to an error of debits and credits not matching.
- While the reporting functionality is great in its expanse, sometimes having to run a report for everything or try to play with all the customization options in order to get what you need is cumbersome and time consuming.
- Not being able to turn off the auto-fill option can cause a detriment occasionally as codes that are similar may get missed during validation.
- The reporting in MIP assists in giving up to date numbers with the inclusion of un-posted items so that we can track grants in real time instead of having to wait a week or more.
We currently have a decent number of grants that are active. We are able to classify them as needed and can produce the monthly reports needed to ensure accuracy and verification.
I feel that any accounting office in a non-profit setting would benefit from MIP. I used it in a former position as senior accountant for a community action agency for over 6 years and recommended it to the VP of Finance and our COO when I came to the clinic last year. After researching, they both agreed it would better suit our needs than the software we were using. MIP really understands what non-profits need when it comes to tracking financials and all the different scenarios funders have when it comes to what they want to see and gets the job well in hand.