MIP Fund Accounting Gets It Done!
August 17, 2024

MIP Fund Accounting Gets It Done!

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

Software Version

MIP Cloud

Overall Satisfaction with MIP Fund Accounting

I use MIP Fund Accounting to book and track expenses. We also use it to monitor budget to actual in terms of finance. Our company also use MIP Fund Accounting for payroll. I am the Head Start Fiscal Officer so reporting is also important not only to my role but for our Cap Agency as well. MIP Fund Accounting allows us to run most of our financial reports. It allows us to use some report templates but it also allows us to build our own reports which is quite helpful.

Pros

  • Budget to Actual comparison
  • Expense tracking
  • Reporting

Cons

  • Classic vs Cloud (why are they so different)
  • I would like the GL Account names to stay on screen (not just hover over visibility)
  • Would like training to be accessible from within MIP Fund Accounting, not a separate login
  • When used, it also visibility to how we are using our allotted Government funds. It allows us to make sure we are being efficient with those dollars.
  • MIP Fund Accounting allows us to be more accurate in posting expenses. It allows us to be sure of which accounts are we are posting to. We can pull those accounts in real time and make sure that our entries are having the desired effect on the accounts involved.
  • MIP Fund Accounting allows accountability in that we can see who posted what, when they posted, and to which accounts they posted.
We have 18 programs and the CFO has the ability through MIP Fund Accounting to generate separate and/or collective reporting for those programs. Each program has its own grant or funding source. Each has its own reporting guidelines that must be met so the ability to run reporting separately or collectively is a plus.
We are definitely able to get things done with our MIP Fund Accounting subscription so I don't foresee us using anything else in the near future. MIP Fund Accounting is pretty user friendly in most instances. There may be a thing or two that isn't as easy to figure out but most things are easy to learn.

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?

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?

Yes

I am a first time MIP Fund Accounting user and I have been using it since September 2023. It is pretty intuitive when it comes to entering AP invoices for payment. Printing checks in the cloud version is also pretty intuitive. Entering the budget for comparison to actual isn't as intuitive. Running a vendor list by company is not intuitive at all.

Comments

  • Michael Young | TrustRadius Reviewer
    Michael Young
    (Vendor Representative) commented a year ago
    Thank you for taking the time to review us. We love that MIP reporting functionality has allowed you to glean additional insights from your accounting data. It sounds like you are already taking advantage of our training offerings, but please feel free to reach out to MIPCustomerSuccess@communitybrands.com to learn more about our offerings. Thank you for your interest in our reference program as well! Our marketing team will be in touch directly to discuss next steps.

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