Item: MIP Fund Accounting
Rating: 9
Author: Verified User

Overall Satisfaction with Abila MIP Fund Accounting

Use Cases and Deployment Scope

Currently the accounting department uses MIP to manage its $20 million dollar budget of federal and state grants. We have used it for 17 years. We integrate payroll, encumbrances, budget, and bank reconciliation with the general ledger. We use a 6 segment coding system which allows us to report financial information in many different ways for management and external funders.

Pros and Cons

Pros

I like the payroll module for complete integration with General Ledger and Bank Rec.
I use customized reports to design budgets vs. actual for funding sources by category.
I use the encumbrance module to track obligations for the organization. 70% of our business is subcontract and training vouchers. This feature helps me manage real-time budget balances.

Cons

We don't have any recommendation for improvement.

Return on Investment

I have used MIP for so long I haven't had a reason to look at ROI.

Alternatives Considered

As I indicated before, I made the purchase 17 years ago. We converted from DOS version of Orion. MIP won hands down.

Likelihood to Recommend

I think MIP is well suited for any non-profit organization that is required to do fund accounting. Its structure allows tracking by funding source and also agency-wide reporting.

MIP Fund Accounting Feature Ratings

Comments

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MIP is great!!!