Great product for small companies that have the potential to grow
Updated February 03, 2018

Great product for small companies that have the potential to grow

Anna Lee | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Abila MIP Fund Accounting

Finance is currently the only department to use MIP Fund Accounting. We use it to record all financial information and to produce reports for other departments in the whole organization. MIP is able to record revenue and expense information for more than 20 programs under the same company. We are able to run reports for the entire company, or just the specific portions we are interested in.
  • Predesigned report templates to suit many different types of reporting needs
  • Easy to use and learn the basics
  • Grows comfortably with a company, no matter if it is small to large
  • It is not easy to find out if an invoice has been paid; you need to run a report first then search.
  • Unable to have unposted information in balance sheet accounts
  • Suspense items in bank reconciliations do not automatically carry over from month to month
  • The pricing scale has been great because pricing depends on the number of users in the system and we don't have to purchase a larger, more expensive system, as our department grows.
  • Ability to run reports quickly for different programs and/or schools,
  • Importing information has allowed us to upload AP, payroll, JV and cash receipts in a quarter of the time.
Yes, we are able to track funding sources through the funder code field. Because it is customizable and we are not just restricted to numbers, it makes it easier to remember that CARN is from the Carnegie Corporation. it is easy to find the different funding sources of a program by choosing program as a filter, but including funder code as part of the report output.
MIP is so cost effective and easy to use that when the organization doubled in size in terms of personnel and budget it was no question that we would be keeping MIP as our accounting system. Because we were so confident in the product we were able to focus more on our programs and other work and not have to worry about MIP's ability to grow as we do.
MIP was the best product for the price. My first accounting software experience was with Great Plains and while there were certain functionalities that were easier to use, MIP was overall easier to learn and use in a short amount of time. MIP suits all of our current needs and most likely our future needs as well.
It is very easy to run reports to get information quickly. And it is also easy to change the report output to make sure you are only getting the most essential information.

It is not very easy to find out if an invoice has been paid if a program person came to ask. I also wish it was easier to search for a vendor by location or EIN (in case the vendor changed their name).

MIP Fund Accounting Feature Ratings

Using Abila MIP Fund Accounting

2 - The Technology unit supports MIP because MIP is hosted on our own server. Most of the support is fairly minimal but there are annual updates on MIP software as well as annual tax reporting software that needs to be upgraded for 1099 records distribution. There is a network administrator is provides this support as well as a network support to upgrade software on a user level.
  • Software upgrade
  • Aatrix 1099 upgrade
  • Upload integration
  • Upload recurring entries
  • Track expenses across different segments
  • Record cash disbursement payments