Item: MIP Fund Accounting
Rating: 10
Author: Dawn Kanzler

Use Cases and Deployment Scope

MIP Fund Accounting addresses the specific needs of nonprofit organizations which includes tracking and reporting on individual funds from multiple sources in a manner to comply with the Financial Accounting Standards Board (FASB), generally accepted accounting principles (GAAP), and other specific reporting requirements for federal, state or local government entities.

Pros and Cons

Tracking multiple houses under one fund
Restrictions for donations
Budget line items broken out by administration and program support
Payroll documents are uploaded and encrypted

Return on Investment

New employee documents are uploaded and encrypted. Those documents are shredded and not filed which saves time and money.
Copy and reverse features save time.

Performance

You can design your own reports to include multiple funds or run them separately. the software has default reports to work from making setup easier.

Likelihood to Renew

Why change when it does everything needed? If it ain't broke, don't fix it!

Alternatives Considered

Noname Security

I have not used any other accounting software products.

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?

Yes

Did implementation of MIP Fund Accounting go as expected?

Yes

Would you buy MIP Fund Accounting again?

Yes

Likelihood to Recommend

I have used MIP Fund Accounting for 32 years. I converted the DOS version over to WINDOWS by myself. The software is user-friendly with pictures and charts on the different processes with checklists and procedures for each category. I highly recommend using this software over others.

MIP Fund Accounting does it all! You don't need anything else!

Software Version

Overall Satisfaction with MIP Fund Accounting