How MIP fund accounting works for us
October 07, 2016
How MIP fund accounting works for us
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with MIP Fund Accounting (formerly Abila MIP)
We use MIP Fund Accounting with three of our companies. The parent company is a complex company with many departments that have numerous grants that are being tracked. The ability to create your own reports makes it easy to get the information that you need. This software can be simplified for the less complex companies. The MIP Fund Accounting has allowed us to use the same software for many ventures.
Pros
- The ability to track our clients with each grant and projects.
- The feature of re-occurring invoices in payables as well as receivables.
- Being cloud based has made it very flexible on work hours. The ability to allow our staff to work remotely.
Cons
- The online access can have problems with speed. We have found that MIP's servers have had times of over use and struggle.
- Accounts payables shouldn't default to 30 days. Suggest to default to 0 days then you can change. Most companies now are due upon receipt or 10 days.
- Accounts receivable is not user friend. For simple transactions it takes many enters. Need to find a simpler process to post a deposit with one entry and still have the ability for customer history and each transaction history. Currently if you want this history you have to go through too long of a process.
- The ease of multiple funds
- The increase of productivity
- The complexity of the software can take time to know all of its features and abilities
Comments
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