1. Home
  2. Nonprofit Accounting Software
  3. MIP Fund Accounting Reviews
  4. User Review of MIP Fund Accounting
MIP Fund Accounting is an overall excellent product for non-profit organizations
November 03, 2020

MIP Fund Accounting is an overall excellent product for non-profit organizations

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with MIP Fund Accounting (formerly Abila MIP)

We used MIP Fund Accounting (formerly Abila MIP) to keep proper records of our general ledger across the whole organization. We use it to allocate income and expenses across our various departments, programs, and grants. This level of detail helps us with the monthly billing processes, and allows us to have a better understanding of fund we have used/funds remaining for particular grants/accounts. We primarily use MIP Fund Accounting (formerly Abila MIP) for the Basic Transactions (mainly: Journal Vouchers, Cash Disbursements, and Cash Receipts) and Accounts Payable modules. We currently do not use it for Accounts Receivable. We use the Reports feature regularly to analyze our financial data.
  • Checks in place to prevent certain inaccuracies (i.e., MIP Funding Accounting (formerly Abila MIP) will not allow the user to enter an invoice if debits don't equal credits, total debits/credits don't equal total document amount, and/or an A/P account is absent)
  • Once the templates are properly created (for which MIP Fund Accounting (formerly Abila MIP) offers brief, personalized training sessions to assist), the Import feature is easy to use and saves a lot of time
  • Allow users to have access to the database via an online cloud; this has made working from home more realistic.
  • When using the recurring transactions module, if you click into a line item to edit it, once you save and edit, the recurring transactions page refreshes and rearranges the line item, which causes brief, continuous lags. The only workaround I've found if renaming all of my recurring transactions a particular way.
  • It would be a nice feature if users could click into line items on reports like in Quickbooks.
  • Being able to click Enter on my keyboard instead of Ctrl+Shift+R to when search for records in the Vendor module, etc. would be a nice feature.
  • I do not have all of the information required to answer this question completely

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 have only used MIP Fund Accounting (formerly Abila MIP) support once, which was to received personalized training on the Import feature. The representative conducting the training took the time to explain things to me in a level of detail that was appropriate given what I already knew/didn't know about the process. After just two 1-hour sessions, I successfully learned how to use the Import feature. What was especially nice about this was that a representative actually reached out to me initially to see if there were any areas around which I needed support.
MIP Fund Accounting (formerly Abila MIP) overall is easy to use; there are just some features/functions that slow down the system. The recurring transactions module refreshes every time you update a line item, which causes inefficiencies in the process. Other than that, I would say the overall usability is excellent, especially now that we have the capability to use the Import feature. The ability to easily allocate revenue/expenses is also helpful.
I have only used QuickBooks (both desktop and online) and MIP Fund Accounting (formerly Abila MIP) has better functionality in most areas. The only downside to MIP Fund Accounting (formerly Abila MIP) is that you cannot click into line items in reports like you can with QuickBooks. However, I think MIP Fund Accounting (formerly Abila MIP) is better at catching certain errors before they're posted, as I found something things could get lost in QuickBooks more easily. I also think having a software specifically designed for Non-profiting accounting makes MIP Fund Accounting (formerly Abila MIP) the preferred product.
Google Drive, Microsoft 365 (formerly Office 365), Paylocity
MIP Fund Accounting (formerly Abila MIP) is suitable because it allows the finance department at my organization to go into a deep enough level of detail in terms of our departments, programs, grants, and tasks. This helps us greatly with monthly grant billing and for keeping track of our revenue/expenditures in relation to each of these areas throughout the fiscal year. The Import feature has increased its functionality for us, cutting down on the time it takes to complete some of our longer journal entries and invoices.

MIP Fund Accounting Feature Ratings