Jackrabbit
April 12, 2019

Jackrabbit

Anonymous | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User

Overall Satisfaction with MIP Fund Accounting (formerly Abila MIP)

MIP Fund Accounting is used by our Finance Department: controller, accountant, accounting assistant, and A/P. We use the A/P module, the basic transactions; JEs, cash disbursements, cash receipts & recurring entries. We use it for bank reconciliations (13 accounts) and to check account balances. We are able to customize and save reports to run on a recurring basis.

Pros

  • Recurring Entries: very helpful for those transactions that happen on a regular basis. The entries are already set up and the list is a reminder that this needs to get done.
  • Entering cash receipts: it asks enough details to clearly distinguish different transactions.

Cons

  • I would like to see the ability to add a 1099 classification to an entry after it is posted.
  • MIP Fund Accounting is the only tool we have to record income and expenses. This is critical in any business.
  • The accuracy of reporting as the ease of use makes the product valuable.
I have been with the organization for six years and this is the only product we have had. I was not part of the decision making process.
Bank Reconciliation is my favorite module. I like the way it flows and the way the various tabs are identified (I may just enjoy this part of my job more). I do find that correcting errors after posting is very frustrating and could use improvement.

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