MIP Pros and cons of the Financial System.
February 23, 2024
MIP Pros and cons of the Financial System.
Score 8 out of 10
Vetted Review
Verified User
Software Version
MIP On-Premise
Overall Satisfaction with MIP Fund Accounting
We use the MIP accounting system to record items in the general ledger - accounts payable and receivables - to form financial statements. Enter journal entries - cash receipts/disbursements. We enter all assets. At the end of the month, prepare the depreciation. We join the payroll from ADP into MIP through the GL interface, a very reliable system.
- Easy to do journal entries.
- Easy to pay bills.
- Easy to enter assets.
- Would like to see a preview of entries in the bank reconciliation before posting.
- It saves the amount of time to prepare the statements /and overall financials, especially where it can be customized.
- MIP is getting expensive each yearly costs goes up.
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