MIP Fund Accounting

MIP Fund Accounting

Fund accounting for government organizations and nonprofits

About MIP Fund Accounting

MIP Fund Accounting is a comprehensive, configurable fund accounting solution. With its end-to-end suite of functionality and multi-segmented chart of accounts MIP is designed to meet and handle the complex financial management and fund accounting needs of nonprofit and government organizations. Software is provided via a secure cloud offering and can also accommodate on-premises deployment.

MIP Fund Accounting allows users to manage funds and finances across the entire organization by tracking and reporting on transactions in a precise yet flexible manner via real time reports. Specific grants and funds with an unlimited number of segments can be easily set up and customized to the particular needs and structure of the organization. MIP Fund Accounting enhances visibility with its ability to compare budgets to actuals and budgets by individual grant or program, and enable forecasting with "what-if" scenario calculations. The software's built-in report writer provides over 160 reporting templates and enables user-based tailoring to generate a full spectrum of reports, grant reports, and financial statements. An optional advanced reporting module can be added if more detailed reporting is required.

With robust security and fraud prevention functionality the MIP Fund Accounting system can track side activities performed by employees, flag suspicious transactions, automatically revoke system access after an employee is terminated, and mask vendor account information to keep it from being misused. MIP delivers a fully integrated HR Management Suite to support human resource management, payroll, employee web services, timesheets, and benefit enrollment from one, single solution. Multicurrency, allocations management, procurement and electronic requisitions, and fixed asset modules can be added to the core solution as well as an API that helps connect MIP Fund Accounting to a number of third party systems.


Key benefits of MIP Fund Accounting

True, multi-dimensional chart of accounts
Fraud prevention and error protection with advanced security, clear audit trials, and robust internal controls
Only vendor of choice, offering cloud-based or on-premises deployment
Fully integrated HR Management Suite, including Payroll
Able to scale and grow in order to manage unlimited funds and grants


Images

MIP Fund Accounting Software - MIP Cloud - Accounting Dashboard
MIP Fund Accounting Software - MIP Cloud - Accounting Grant Reporting
MIP Fund Accounting Software - MIP Cloud - Accounting Multiple Budgets
MIP Fund Accounting Software - MIP Cloud - Bank Reconciliation
MIP Fund Accounting Software - MIP Cloud - User Permissions & Access
View 6 more
MIP Fund Accounting video
MIP Fund Accounting Software - MIP Cloud - Accounting Dashboard
MIP Fund Accounting Software - MIP Cloud - Accounting Grant Reporting
MIP Fund Accounting Software - MIP Cloud - Accounting Multiple Budgets
MIP Fund Accounting Software - MIP Cloud - Bank Reconciliation
MIP Fund Accounting Software - MIP Cloud - User Permissions & Access

Not sure about MIP Fund Accounting? Compare with a popular alternative

MIP Fund Accounting

4,1 (70)
VS.
Highly reviewed

Starting Price

No pricing found
No pricing found

Pricing Options

Free version
Free trial
Free version
Free trial

Features

75
257

Integrations

5
55

Ease of Use

3,9 (70)
4,2 (112)

Value for Money

4,0 (70)
4,2 (112)

Customer Service

4,1 (70)
4,1 (112)
Green rating bars show the winning product based on the average rating and number of reviews.

Alternatives

Acumatica Cloud ERP

4,4
#1 Alternative to MIP Fund Accounting
Acumatica Cloud ERP provides the best business management solution for small and midmarket organizations to transform...

Blackbaud Raiser's Edge NXT

4,2
#2 Alternative to MIP Fund Accounting
Raiser’s Edge is a cloud based fundraising and relationship management system with built-in analytics tool

AFAS Software

4,6
#3 Alternative to MIP Fund Accounting
AFAS Software is a suite of tools that automates processes for human resources, payroll, & finance management,...

omniBooks

5
#4 Alternative to MIP Fund Accounting
Powerful online accounting software for all your business finance management needs. Grow and track your business with...

Reviews

Overall rating

4,1 /5
(70)
Value for Money
4,0/5
Features
4,0/5
Ease of Use
3,9/5
Customer Support
4,1/5

Already have MIP Fund Accounting?

Software buyers need your help! Product reviews help the rest of us make great decisions.

Showing 5 reviews of 70
Paul
Overall rating
  • Industry: Primary/Secondary Education
  • Company size: 1 001–5 000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Highly functional product for a small, medium, or large non profit organization

Reviewed on 2018/09/03

We have used this product for many years for our business and it has served us very well. I would...

We have used this product for many years for our business and it has served us very well. I would highly recommend it.

Pros

1. Configuration of chart of account. 2. Account code combinations to allow for control of account code usage. 3. Import/Export of data functions - We are able to import our 30,000+ lines of data for payroll entry each 2 weeks. 4. Accounts Payable EFT notifications - When we pay vendors via ACH, we set up the system so a notification is sent to the vendor each time we make a payment and it includes remittance details. 5. Administrative access controls. - Admins have the ability to control everything a user needs to see. 6. Customer support is always helpful

Cons

1. Although the import function is a huge plus, sometimes I wish we could speed up a the process for larger entries.

Carlos
Overall rating
  • Industry: Nonprofit Organization Management
  • Company size: 201–500 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 0.0 /10

Ok for the $, but only if you have it on premises, stay away from their cloud one.

Reviewed on 2022/02/03

Loved it when it was on premises, hate their cloud version and the exorbitant prices for services

Loved it when it was on premises, hate their cloud version and the exorbitant prices for services

Pros

System is great for the $ but ONLY if you have it on premises. Once you move to the cloud they nickel and dime you to death. Any changes you need, they will charge you dearly for it. For example once we moved to the cloud, adding a new segment and changing history >$7K, I used to have a SQL engineer do it for $1K.

Cons

High costs of their customer support for any change

Peter
Overall rating
  • Industry: Nonprofit Organization Management
  • Company size: 51–200 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 5.0 /10

MIP is a good nonprofit software that is cost affordable

Reviewed on 2024/01/19

Pros

MIP has everything you need however there are many different features such as payroll and etc that will cost more to be added on

Cons

It is not up to update. I love the lay out but I can see a lot of improve that could make the workflow and journal entries easier/faster

Akkegra
Overall rating
  • Industry: Nonprofit Organization Management
  • Company size: 11–50 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Cloud Conversion/ Client Services

Reviewed on 2023/12/06

Pros

When the software was hosted on premises, it was almost flawless.

Cons

It was pushed to move to our account to the cloud and functionality and updates to the on prem software was starting to lag and more bugs were encountered. When our org migrated, the process was cumbersome and we were charged over $550 for a 'modern overview' that I would have waived if the charges were transparent. Client services failed to deliver adequate service and cannot recommend MIP cloud.

Verified Reviewer
Overall rating
  • Industry: Individual & Family Services
  • Company size: 51–200 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 7.0 /10

Sturdy and reliable accounting software

Reviewed on 2019/12/22

Overall good, reliable and serves our current needs. We'd prefer a system that did not require...

Overall good, reliable and serves our current needs. We'd prefer a system that did not require annual updates performed by our applications team, but it's something we can live with. Customer support is helpful but can be hard to reach at times.

Pros

It is reliable and doesn't crash. Good suite of features that suit our essential needs, such as payroll, AP, AR, reports, budgets and fund management. Other tools are add ons that we do not currently use but had to contract with a few additional third parties to meet our needs.

Cons

Annual fee and need for annual updates. Normally these are not too cumbersome but occasionally they are more difficult to implement for our applications team and it takes up a good chunk of their time.

Showing 5 reviews of 70 Read all reviews

MIP Fund Accounting FAQs

Below are some frequently asked questions for MIP Fund Accounting.

MIP Fund Accounting offers the following pricing plans:

  • Starting from:
  • Free Trial: Not Available

Contact MIP for pricing details

MIP Fund Accounting has the following typical customers:

2–10, 11–50, 51–200, 201–500, 501–1 000, 1 001–5 000

MIP Fund Accounting supports the following languages:

English

MIP Fund Accounting supports the following devices:

MIP Fund Accounting integrates with the following applications:

AvidXchange, DrillPoint Reports, Paypool, TADS Billing & Tuition Management, TripLog Mileage Tracker

MIP Fund Accounting offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat

Related categories

See all software categories found for MIP Fund Accounting.