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An excellent accounting product for any non-profit!
January 29, 2020

An excellent accounting product for any non-profit!

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

Overall Satisfaction with MIP Fund Accounting (formerly Abila MIP)

We utilize MIP for our full-cycle accounting system
and it is able to satisfy payment issuance, vendor file maintenance, cash
application, financial reporting, etc. One of the great benefits we have in the system is the
ability for it to generate ACH payment files and send automated payment
notifications to vendors when payments are issued. We previously used MIP for our payroll and budgeting processes as well. The accounting and
finance staff are the only users of MIP.
  • Import of accounting entries of all types.
  • Managing allocations of costs.
  • Integrations are limited but MIP has partnered with specific businesses to allow for some integration.
  • Some may say it doesn't have a nice user-friendly feel because it is not Excel-based, but I have come to like the user interface and product.
  • It meets all the needs of our accounting team and we are happy to have this product.
  • From a budget perspective, it doesn't have as robust of a process and we have decided to purchase another budget product.
QuickBooks does not have the ability to meet the complex needs of our organization. We have a very extensive chart of accounts given we receive state and federal grant funding. We have to be very detailed when it comes to putting expenses in the system and we must have a detailed way to track and MIP provides this in many ways where QuickBooks Online is not able to.
MIP is well suited for any small or medium-sized non-profit or government organization. With MIP, an organization would have the potential to have MIP to process payroll, manage procurement and associated workflows, create budgets for the entire organization, and do all the necessary financial reporting required. It has the ability to be configured to meet the needs of almost any organization. It might not be the best suited product for a business that wants to integrate a number of other systems it currently has to MIP. MIP has had procurements businesses such as Microix that have built-in integrations to the system and outside of this, it would be costly and time-consuming to build out a separate procurement system as it does not have strong integration capabilities at this time.

MIP Fund Accounting Feature Ratings