Pleased with how MIP Fund Accounting facilitates complex operations
July 21, 2021

Pleased with how MIP Fund Accounting facilitates complex operations

Bryan Martin | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Software Version


Overall Satisfaction with MIP Fund Accounting

We use MIP Fund Accounting for all accounting functions for the organization including GL, AP, AR, Budgeting, Fixed Assets, Allocations and all forms of reporting. We maintain an accounting department of four users, including myself. This system is particularly helpful in managing grant level accounting for compliance and reporting. The report writing and drill down capabilities of the system are very user friendly and helpful.
  • Grant level accounting. We manage well over 50 active grants at any given time. This system allows us to track revenue and expenditures at a grant level which enables our staff to accurately and effectively manage, monitor and report to funders.
  • Allocations module. The allocation module functions enable us to set various allocation methods to capture overhead costs and allocate to cost centers and grants efficiently and effectively.
  • Fixed Asset module. The fixed asset module allows us to integrate asset tracking and depreciation schedules that are easy to use and integrated for efficiency.
  • Drill Point reporting. This functionality looks to be very helpful, but the learning curve for effective setup and integration has proved to be hard to fully implement.
  • Regional access to training. In person training options are limited to areas that are not conducive for easy access from the East Coast.
  • GL limitations for our industry specific tracking and reporting requirements. We have many, many different expense level tracking requirements from allowable grant costs and medical cost reporting requirements that would need a more robust GL naming convention to adequately provide the tracking needed. At this time we still do offline tracking and data accumulation for certain requirements.
  • I inherited this system when I came to work for the company. All staff/users in the accounting department have become active users with the system already in place.
  • We have implemented additional add-on modules and have found the process of implementation reasonable and have found efficiencies in process that have saved our organization time and money.

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


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


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?


Our interaction with support has been limited. We have used third party sales for module additions and the burden of the implementation processes have been taken on by internal staff. We have used online knowledge base for some research and help but have not had significant interaction with 'live' resources for help.
MIP Fund Accounting is user friendly once basic navigation and functionality is learned. Repetitive processes are reasonable and easy to manage. Report writing and manipulation requires a higher level of database relationship understanding to yield useful reports but the canned reports are helpful as a starting point. We do find ourselves trying things by trial and error to yield certain usable reports.
We have not researched or entertained other products during my tenure here at the organization. We have been pleased with what the product provides but would expect to reevaluate systems in the next five years to ensure MIP continues to be the best option for our rapidly changing organization and industry.
I have been eager to recommend this system to colleagues of smaller operations that are looking to expand or enhance their ability to grow and track costs adequately. I have been less likely to recommend to larger operations with establish[ed] systems.

MIP Fund Accounting Feature Ratings