Item: MIP Fund Accounting
Rating: 10
Author: Verified User

Use Cases and Deployment Scope

I do not have any problems with MIP Fund Accounting. I usually used Quickbooks and many problems occurred including net asset and year end audit. I have around 250 accounts and it is easier to handle all the deposits and expenses with MIP Fund Accounting.

Pros and Cons

Easy for audit
Better to track net assets
Year-end roll over
Provides good financial statements

I do not have any cons.

Return on Investment

Price was a little expensive when we started with MIP Fund Accounting.
Exporting and importing data from Quickbooks to MIP Fund Accounting was hard.
MIP Fund Accounting provides better financial reports.

Effectiveness at Managing Multiple Fund Sources

Nonprofit accounting has at least three restricted funds. It is a lot easier to track all restricted funds and accounts with MIP Fund Accounting.

Alternatives Considered

I was thinking about Dynamic Methods from Microsoft. Customer service was not fast enough and [it was] very expensive. I am glad [I chose] MIP Fund Accounting.

Likelihood to Recommend

MIP Fund Accounting is especially good for non-profit accounting. [It's] easy to track all accounts.

I am glad I chose Abila MIP Fund Accounting.

Overall Satisfaction with Abila MIP Fund Accounting