Capturing goal results
February 10, 2017

Capturing goal results

Anonymous | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with Abila MIP Fund Accounting

[It's being used to] manage multi-fund accounting; including budgets, department and program expense review and tracking, depreciation, reconciliation, and all levels of financial reporting.
  • The accounts payable module is very flexible and easy to use.
  • MIP imports and exports easily and works.
  • It works well with our bank upload formats.
  • The accounts receivable module is very cumbersome; too many steps to navigate.
  • The AR module prints and sends invoices before the coding entries are posted. This creates a gap in the process that sometimes gets overlooked, or there may be coding issues that are not discovered until after the invoice is printed.
  • The coding application should be first; much like the AP module; with the printed invoice being the last thing done.
  • We are on a cloud-based solution which can be accessed by our "Parent" corporation to see our numbers and pull member dues.
  • We've noticed when attending local forums that our cloud solution makes working through problems a bit different than having the software on our local server.
As stated previously: we have multiple levels of revenue and expending across many different departments. We are able to track by department, or by program, sometimes even down to the individual staff member.
It is a relatively easy program to use for those who work directly with accounting. Although we have tried to integrate non-accounting people into the budgeting aspect of the software, they find it difficult to comprehend.
Although Profits and Non-Profits have stakeholders they must answer to; they have vastly different motives driving them to their goals. MIP helps to define the reports that show if we are reaching those goals we care about.
When you have multiple levels of fund availability such as restricted, unrestricted, board designated expenses; or individual, corporate, or trust income; MIP makes it easy to designate at the entry level and adds to the 'big picture' view of the company's financial health.

MIP Fund Accounting Feature Ratings