Item: MIP Fund Accounting
Rating: 8
Author: Verified User

Use Cases and Deployment Scope

We use MIP Fund Accounting for all of our bookkeeping and accounting needs. We enter all money exchanged through our small business into MIP, including cash disbursements, cash receipts, disbursement checks, accounts payable, etc. Our business is very small, with one accountant and one administrator using MIP Fund Accounting. It helps us keep accurate financial records, which is extremely useful for our annual audit.

Pros and Cons

Accommodates as many GL codes and departments as you need it to so you can maintain detailed, accurate records.
You are able to search for past entries by a variety of fields to help you find what you are looking for.
Data entry is easy and fairly intuitive.
There are many checks and balances built into the system to make it hard for you to submit inaccuracies.

I would like to see a search function by word (you can type in a word and it will pull up any entry with that word). Currently, you can only search by things such as vendor ID, GL code, etc.
When needing to change the line description, it would be nice if the copy and paste functioned a bit differently to make changing that field easier.
It would be nice to see some other options for line entries specifically regarding the line description field. Sometimes we recall a memorized document and only want to change part of the line description for several lines (such as a date), but we have to copy and paste the date in each line. It would be nice to have something like a "find and replace" where we could update the date in all lines with one click. This would save us a lot of time, especially on our payroll entry.

Return on Investment

As we only use it for bookkeeping and data entry, I don't believe this question is applicable.

Performance

With MIP we can do this easily and accurately. I wish it was a bit easier to search past entries (such as a "keyword" search function).

Likelihood to Renew

We have been content with MIP and are not looking to change.

Effectiveness at Managing Multiple Fund Sources

Yes, we have achieved this benefit. We have our general bank account and four different endowments. We receive various monies each month, whether it be monthly donations from alumni, a one-time gift to one of our endowment funds, a reimbursement transfer from friends overseas, etc. No matter what it is we are tracking--entering payroll each month, tracking our endowment funds, paying bills--it helps us keep everything organized.

Key Insights

Do you think MIP Fund Accounting delivers good value for the price?

Yes

Are you happy with MIP Fund Accounting's feature set?

Yes

Did MIP Fund Accounting live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of MIP Fund Accounting go as expected?

I wasn't involved with the implementation phase

Would you buy MIP Fund Accounting again?

Yes

Likelihood to Recommend

I think MIP is well suited for bookkeeping for a small business. It does everything we need it to do and keeps our financial records organized and in good shape. I am unsure where it might be less appropriate, as we use it for our bookkeeping needs only and have not tried to use it for other things. I also personally do not have experience with other programs to compare.

MIP Fund Accounting Customer Support Pros and Cons

Pros	Cons
Quick Resolution Good followup Knowledgeable team Problems get solved Kept well informed No escalation required Support understands my problem Support cares about my success	Slow Initial Response

Review from a minimal user of Abila MIP Fund Accounting

Overall Satisfaction with MIP Fund Accounting