Abila MIP Fund Accounting in the Human Services sector
October 14, 2016
Abila MIP Fund Accounting in the Human Services sector
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with Abila MIP Fund Accounting
We use MIP Fund Accounting in the Finance Department to process receivables, payables and manage the general ledger. We also use the fixed asset module. We generate financial statements and budget reports for each department. We did purchase the Budget module, but have not used it. We develop budgets and projections in Excel. Financial reports are generated in MIP then exported to Excel. This enables us to create custom formatting of the reports in Excel.
- Departmental financial reporting
- Historical reporting
- Cross fiscal year reporting
- Transaction detail
- The Fixed Assets module is somewhat difficult to use with respect to disposals
- In A/R posted transactions there is no dollar amount posted
- When requesting posted transactions, all items appear, not just the one being requested
- A/P vendor history displays in date order by clicking the tab at the top of the column. However, a printed version does not come out in date order
- We have had problems matching the A/R aging report to the General Ledger
- The drill-down feature should be expanded to areas other than financial statements
- MIP Fund Accounting has enabled us to implement departmental budgeting and reporting. This has improved the accountability of department managers.
- The software has enabled us to generate historical reports using GL detail. This has improved our ability to recognize trends in our business.
- The software has enabled us to generate cross fiscal year reports. This has created opportunities to apply for a greater variety of grants.
Most of our funding comes from one source - the State of Connecticut Department of Developmental Services (DDS). We are required to do a detailed annual cost report that displays costs in over 20 cost centers. MIP Fund Accounting streamlines the process of producing the numbers for this cost report. Some of our other funding comes from foundations. Each foundation has a specific financial reporting requirement that entails cost center reporting. In addition, some foundation grants cover a period that is not the same as our fiscal year. The software allows us to capture financial data across fiscal years.