Saving time is saving money - Choose Abila
October 18, 2016
Saving time is saving money - Choose Abila
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Abila MIP Fund Accounting
MIP is only being used by our accounting department at this time. Our uses include accounts payable, accounts receivables, bank reconciliations, monthly journal entries, creating budgets, monthly and yearly financial statements, importing general ledgers, historical data, monthly reporting for our communities, audit reporting, and producing yearly 1099s for our accounts payable vendors.
Pros
- The Expanded General Ledger is a great tool. We can put together reports for anything we need.
- We have a lot of different grants and therefore have to set up lots of different coding and MIP accommodates for that very well.
- It allows me to enter as many batches of Accounts Payable as I need.
Cons
- I would like to have more search options under the Expanded General Ledger. For example searching for a specific amount of an invoice.
- Setting up new reports isn't always user friendly.
- When I am looking up vendor balances I would like to be able to print a report right from that page with the totals.
- Being able to import general ledgers has saved me time and I am able to work on other projects.
- Getting financial statements to our communities each month allows them to set budgets.
- Being able to look up aged payables allows us to know exactly if we are on budget.
As a nonprofit organization, we do receive funds from multiple sources. The chart of accounts allows us to set up many different codes so we can track funds from various sources. This has been a very helpful tool not only in entering the information but when it comes time for reporting as well.
Comments
Please log in to join the conversation