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.

Pricing starting from:

US$0,01

  • Free Version
  • Free Trial
  • Subscription

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

Devices

Business size

S M L

Markets

United States

Supported Languages

English

Pricing starting from:

US$0,01

  • Free Version
  • Free Trial
  • Subscription

Images

MIP Fund Accounting Software - MIP Dashboard
MIP Fund Accounting Software - MIP Report Creation
MIP Fund Accounting Software - MIP Audit Trail
MIP Fund Accounting Software - MIP Budget Worksheet
MIP Fund Accounting Software - MIP Dashboard drilldown
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MIP Fund Accounting Software - MIP Dashboard MIP Fund Accounting Software - MIP Report Creation MIP Fund Accounting Software - MIP Audit Trail MIP Fund Accounting Software - MIP Budget Worksheet MIP Fund Accounting Software - MIP Dashboard drilldown

Features

Total features of MIP Fund Accounting: 31

  • API
  • Access Controls/Permissions
  • Account Reconciliation
  • Accounting
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Ad hoc Reporting
  • Asset Lifecycle Management
  • Audit Management
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting/Forecasting
  • Charting
  • Compliance Management
  • Customizable Forms
  • Customizable Reports
  • Data Import/Export
  • Donation Tracking
  • Donor Management
  • Financial Reporting
  • For Nonprofits
  • Fund Accounting
  • General Ledger
  • Grant Management
  • Multi-Currency
  • Multi-Location
  • Payroll Management
  • Project Accounting
  • Purchasing & Receiving
  • Real Time Reporting

Alternatives

Quickbooks Online

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NetSuite

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QuickBooks Desktop Enterprise

4,5
#3 Alternative to MIP Fund Accounting
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QuickBooks Online Advanced

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#4 Alternative to MIP Fund Accounting
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Reviews

Overall rating

4,2 /5
(65)
Value for Money
4,0/5
Features
4,1/5
Ease of Use
4,0/5
Customer Support
4,1/5

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Showing 5 reviews of 65
Carlos R.
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 10.0 /10

Best non-profit/fund accounting system for the $

Reviewed on 2021/05/25

Great system for non profits, especially for the $

Great system for non profits, especially for the $

Pros

Functionability and flexibility. Import/export capabilities. Takes time to setup and works great, especially for what it costs. Wish they will charge more and tight the issues I mentioned in the modules.

Cons

posting of previous periods can happen is the transactions were entered but not posted to a previous period, then when the month end is done, the transactions that were entered, can be posted to previous periods.
Due to/from fund balancing is not mandatory, wish they will force it.

Alejandro R.
Overall rating
  • Industry: Philanthropy
  • Review Source

Overall rating

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

Excellent for non-profits, but it could be even better

Reviewed on 2014/12/08

Pros

The best thing is the multi-dimentional logic built into the product, which enables it to track almost any measure (P&L, Balance Sheet) across various dimensions (company, department, program, grant, restriction type, etc.) This gives you almost total flexibility to manage your organization's finances in any way you want.

Cons

My only pet peeves - none of which are deal-breakers - are:
- Lack of drill-down capabilities straight from the reports. Say you run a P&L report and want to know the details behind a certain expense figure. In QuickBooks, you can just double-click on the figure and get a detailed report of the details behind it. In MIP you are forced to run a separate Transactions report. The information can still be obtained; it just takes longer.
- No "Balance Sheet by Month" report. This is another basic report that even Quickbooks has. It's very important when you're analyzing your historical results.
- The documentation is horrible. There are no examples whatsoever. You need to know the system already in order to understand what the manuals mean to say.
- Certain reports should give you the codes along with their names. For example, a Distribution Codes report tells you that code 1125 splits costs 40% to Program 254 and 60% to Program 350. But the report doesn't tell you that code 1125 is for employee "John Do", Program 254 is "Advocacy," and Program 350 is "Shelter". You need to run a separate Chart of Accounts report and then do vlookups. This should be a really easy thing to code into the package.

Paige B.
Overall rating
  • Industry: Civic & Social Organization
  • Review Source

Overall rating

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

Great software for mid-market non-profits

Reviewed on 2015/06/01

Pros

The Saas version makes it easy to implement and easy on the IT department (they don't have to do anything). It also makes it easy to access from anywhere. We moved from Blackbaud because their system was so clunky and I couldn't get financials out of it easily. With Abila, it's very easy to run a variety of financials that I can tailor to my needs. It's also very easy to drill down (not from the financial reports) to find the detail I'm looking for with links to supporting documents (i.e. invoices). The A/R, fixed asset and other modules let us keep accounting for everything in one place.

Cons

The financial reports are a bit limited in terms of showing groupings of departments without being able to show the total on the same report. It can't do monthly balance sheets on one report. And you can't enter operational/non-financial data for more comprehensive reporting.

The wait time for calling into their help center is still unacceptable (hold times of no less than 30 minutes). They know about this and, instead of fixing it, tell users to use their chat function. While their response time on chat is very fast, I hate having to type out my issues and responses. I just want to talk to a live person.

Brittany E.
Overall rating
  • Industry: Construction
  • Company size: 2-10 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

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

Used when it was Sage

Reviewed on 2017/01/20

When I used this product, I did not work in the accounting department, I worked in the Warranty/Repa...

When I used this product, I did not work in the accounting department, I worked in the Warranty/Repairs Department of a construction company. However, we used this software to make notes, bill for repairs, find out when a warranty should be issued upon customer being paid in full, and communicate with the accounting department as they were in another building than our department. The invoicing feature was very straight forward and easy to use. Checking if a customer was paid in full was also easy. Making notes was also easy but the categorization of the notes could have been better. It was just a long list with no differentiation or date categorization. You just had to scroll through a giant list of notes to hopefully find what you needed to know, and hopefully someone put a name and a date by the note so you could ask them additional questions if they did not list enough detail. Switching from different screens was a little time consuming. When I used this software, there was no ability to set an action request. I'm sure by now they have changed this and made it possible to set actions or reminders for yourself or others.

Pros

Multiple users can be on the program at one time. It is relatively user friendly as long as you have basic computer knowledge.

Cons

The time it took to go from one feature to another was frustrating when you are on the phone with a customer and needed to get to several different places quickly, however, that could have been due to the number of users we had on our server at a given time. If an older person, who has limited computer knowledge were to try and use this program, they may need a training course to become comfortable using it.

Paul W.
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.

Showing 5 reviews of 65 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: US$0,01
  • 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+

MIP Fund Accounting supports the following languages:

English

MIP Fund Accounting supports the following devices:

MIP Fund Accounting integrates with the following applications:

Paypool, 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.