Overview
What is MIP Fund Accounting?
MIP Fund Accounting™ is a configurable fund accounting solution. The solution includes functionality for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, and dashboards for nonprofits and government agencies.
MIP is a great fund-accounting software program.
My opinion and words about MIP!
Use of MIP Fund for Your Finance Team
Making Money Move With MIP Fund Accounting
MIP Fund Accounting Was Worth the Wait
Excellence of Execution
MIP Review 2023
MIP Great Software for Non-Profits
MIP Pros and cons of the Financial System.
MIP Fund Accounting review.
MIP in the Open
My Review
Outstanding Software!
Current User of Modern and Classic MIP
Improved transparency with MIP Fund Accounting
Awards
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Reviewer Pros & Cons
Video Reviews
1 video
Product Demos
Introduction to MIP Cloud Accounting Software
Product Details
- About
- Competitors
- Tech Details
- FAQs
What is MIP Fund Accounting?
MIP's integrated software solution suite provides general ledger, accounts payable and receivable, budgeting, payroll, human resources, allocations management, procurement, fixed assets, grant management, and advanced security functionality. The solution enables users to manage and report on multiple cost centers at the general ledger level including multiple organizations, funds, projects, grants, programs, departments, locations, etc.
MIP Fund Accounting exclusively serves the financial management and fund accounting needs for nonprofits, schools, native nations, and government agencies with its complete, end-to-end suite of functionality and multi-segmented chart of accounts. The company states that with the right fund accounting platform and expert guidance, users can track unlimited funds, manage complex reporting requirements, streamline productivity, and make the right data-driven business decisions for an organization.
MIP Fund Accounting Screenshots
MIP Fund Accounting Video
MIP Fund Accounting Competitors
MIP Fund Accounting Technical Details
Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Windows |
Mobile Application | No |
Frequently Asked Questions
Comparisons
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Reviews and Ratings
(822)Community Insights
- Pros
- Cons
Comprehensive Features: Users have appreciated the system's extensive features, such as the ability to export reports into PDF or Excel formats for board presentations and emailing reports directly to funding sources, saving time and resources. The option to filter specific items for auditor verification was also valued for enhancing departmental efficiency.
Ease of Use: Reviewers find the system user-friendly and easy to navigate, with functionalities like quick shortcuts and readable font enhancing usability. The development of accurate and easy-to-use reports and templates on the cloud version was noted as a positive aspect by users.
Efficient Financial Tracking: Some users value the system for facilitating financial tracking through functions like bank reconciliations, obtaining check registers for specific periods, processing payroll efficiently, setting dates in organization preferences for preventing incorrect entries, showing financial details effectively, and running detailed financial reports that aid in decision-making processes.
Bank Reconciliation Process: Several users have criticized the outdated and inefficient bank reconciliation process, stating that it is in need of significant improvement. They have highlighted challenges with the screen preferences, understanding dates, and tracking discrepancies effectively.
Reporting Challenges: Users have found building reports to be cumbersome and expressed a desire for more personalized and easily generated reports. The frustration stems from difficulties in creating customized reports, integrating data sources seamlessly, and limited options for report formatting.
Software Transition: Users have highlighted slow processing and transitions within the software as an ongoing issue affecting their experience. They face delays in system response times during tasks like navigating between modules or generating reports efficiently.
Attribute Ratings
- 9.2Likelihood to Renew126 ratings
- 9.8Availability15 ratings
- 8.5Performance86 ratings
- 8.1Usability100 ratings
- 7.8Support Rating99 ratings
- 8.1Online Training7 ratings
- 10In-Person Training9 ratings
- 6.2Implementation Rating28 ratings
- 8.5Configurability8 ratings
- 8.7Product Scalability15 ratings
- 7.9Ease of integration13 ratings
- 8.2Vendor pre-sale13 ratings
- 8.5Vendor post-sale13 ratings
Reviews
(1-25 of 430)MIP is a great fund-accounting software program.
- Allowing reports to be exported into a PDF or Excel worksheet is very beneficial when presenting to our board.
- Emailing a report to a funding source without having to print it out and scan is very smooth and helps when you are in a hurry.
- The ability to filter for the exact item(s) that you need help when auditors need verification of those exact details. This is valuable for helping our department locate those areas that need explanation as well.
- The ability to set dates in the organization preferences so that others do not enter a wrong date by accident.
- It would be helpful to locate an item when we are given a check number rather than the name on the check.
- When we process our payroll we have to manually remove extra coding so that our salaries are not all over the general ledger. It would be nice if there were a better way for this function to be eliminated.
- It would be great if the process for using Atrix was smoother. We have issues almost every year for one reason or another.
My opinion and words about MIP!
- Easy to obtain check register for select periods
- Easy to do bank reconciliations
- Easy to log in for remote work, for anywhere I need to access it from!
- I feel that there are too many ways to pull necessary reports
- I feel that it would be easier to pull reports that are somewhat more streamlined or easier to edit
- I would love to be able to pull an "audit trail" as I have with past software that was easy to pull and easy to obtain info froml
- I do not like that the software has to have so much printing information set up to save paper when pulling reports
Use of MIP Fund for Your Finance Team
- Budget Worksheets
- Development of reports
- Provides two version - MIP Cloud and Older Version to utilize
- Provide accurate reporting and easy to use templates on their cloud
- Developing simple grant budgets that align with each grant
- Simplify budget development. Budget Worksheets are great but challenge to develop
- Can Manage Recurring Entries be performed on the Cloud easier
Making Money Move With MIP Fund Accounting
- Shows financial detail.
- Run financial reports!
- Posting in MIP allows Microx to move forward.
MIP Fund Accounting Was Worth the Wait
- Intuitive
- User Friendly
- Descriptive Set Up
- HR Mod needs a facelift (I know it's coming!)
- Better Training materials.
Excellence of Execution
- Easy to access data from any previous year.
- The system is quick with inputs of information, no lag.
- It really makes tracking of expenses much easier with PO module.
- Payroll input is quick as easy.
- With the payroll process, if there is an error in sending the stubs through email, there is no option to resend without a restore. That really needs to change.
- Being able to void encumbrance at the same time as a PO would be an incredible time saver.
- When processing W2 the system deletes info.
MIP Review 2023
- Track Items
- User friendly
- Easy to Navigate
- I feel that the look could be more appealing with more color once you login
MIP Great Software for Non-Profits
- Accounts Payable
- Accounts Receivable
- Journal entries
- Processing Payroll using HR Management and EWS
- End of the year W-2's and W-9's
- Building Reports
- to be able to process more personalize reports to generate information
When Building reports, is not very using friendly but it is not impossible either. It just takes a while to get the system to do or process the report using the correct fields.
MIP Pros and cons of the Financial System.
- Easy to do journal entries.
- Easy to pay bills.
- Easy to enter assets.
- Would like to see a preview of entries in the bank reconciliation before posting.
MIP Fund Accounting review.
- Easy to maneuver.
- Quick shortcuts.
- Readable font.
- Slow processing.
- Slow transition.
MIP in the Open
- Cost allocation. Allows great flexibility in the setup of cost pools and receipient centers.
- Multiple dimension coding structure. Allows complex accounting setups for multi-faceted organizations.
- Reporting. Allows many different report configurations.
- Exporting. Ease of exporting reports to PDF and Excel formats.
- Importing. We now import payroll files from a payroll provider.
- Bank reconciliation. Exceptionally outdated and inefficient process for clearing checks.
- Accounts payable. New vendor setup process could be so much easier, especially for vendors who are already employees.
- Credit card puchases. Badly needs improved functionality in the posting of transactions to actual vendors.
- The import process needs to be made more intuitive.
My Review
- Well organized financial data for review
- Generates clean organized financial reports.
- Can create different outlooks of expense and revenue
- More how to guidance
- More training conferences
Outstanding Software!
- Bank Reconciliations
- Invoice Processing
- A/R aging and tracking
- Check printing settings
- Graph and Chart Options
- ADP data import
Current User of Modern and Classic MIP
- Importing JEs
- Importing Invoices
- Review of TB with non-posted JEs
- Cannot use the drill down function (in reports such as TB, FS) in Modern MIP.
- Ability to run GL reports that have option to include check #s
- Make report options easier to under - i.e. matching document # and document #
- Ability to import cash receipts
Improved transparency with MIP Fund Accounting
- Reports
- Journal vouchers
- Attach documents and notes
- Transitioning from MIP Classic to MIP Cloud
- Closing the year/having to switch from multi-user to single user
- Wait times for calls - call back feature has connection issues
MIP Fund Accounting's templates for AR and AP have been helpful
- Importing templates
- Easy to pull report
- Allow users to delete information instead of correcting the GL entries.
- Integrate better with big software like QB and Bill.com.
MIP Review
- Reporting capabilities
- Providing necessary fields for inputting data
- Ability to upload documents
- Opening transactions that have already been posted
- MIP Cloud has lots of glitches that make it frustrating to use
Grant and Contract Tracking
- The flexibility to build and run reports to pull information over many different time periods for detailed Grant and contract expenditure tracking
- Accounts payable set up and data entry very easy to use which makes it simple to train new employees
- MIP customer service during the initial set up and over time has been very patient and helpful with the changes that we have had to incorporate.
- I have many reports that I built in unposted general Ledger transactions that I want to copy into posted general ledger transactions. I would like there to be a easy way for me to do that without having to rebuild the reports.
- I would like to be able to download reports to Excel that have formulas in them.
- Search queries for accounting/financial data to any specificity
- Simplify data from three different software programs into one palatable system
- Navigation all naturally makes sense
- Could be more streamlined
- Could have a more basic version (it is a step up in complexity from quickbooks)
- When trying to go back to a previous page/task (the 'done' or 'back' buttons) sometimes do go back too far, but sometimes they do. More consistency of how those buttons work would help.
Stable, Secure with no Surprises!
- Reporting formats
- Original budgets
- Accounts Payable
- Some reports have glitches that I've submitted as issues but were never addressed.
- Accounts Receivable platform sometimes has issues with reversing and reposting entries.
- Budgets could be more user friendly when entering or making changes.
MIP is Rock Solid for the FQHC World
- Fixed Asset Tracking
- Tracking of Grants
- Scanning in of documents
- Budgeting
- Can Improve on making the upload feature easier.
- Needs to promote their stats function better
- Having a built in payroll module would be nice as well.
Honest -Software review
- Allows for different funding sources to be set and managed
- Easy to use general ledger and components
- Report capability access by fund
- Difficult to find help on your own in the help section. Easy of use in the help section.
- Automatic session numbers generated by the system. This would provide more consistence in the ledgers along with easier lookup capability.
Abila/MIP as everyday help in non-profit accounting
- Compared to QuickBooks MIP gives much more detailed options for coding.
- The ability to code a transaction in details gives an opportunity to run different reports with detailed criteria.
- I absolutely like service where I can enter my question online on the website and someone will contact me shortly.
- Most problems resolve quickly over the phone and sometimes with the MIP professional going though the problem on the employee's computer.
- I like reports that can be run in order to see the data entered in MIP.
- Any info that looks like hidden could be found by running report with specific criteria, which is extremely valuable.
- I specifically like a criterion where I can enter a word or two for the transaction description and find info I am looking for.
- I would improve the look of the customer statement. For instance in QuickBooks there was number on the invoice and the number of the payment/check made that applied to the invoice and then the balance was shown after each payment made. With MIP, the invoice and payment is shown under the same invoice number with no balance after each payment, but with the balance at the end of the statement.
- I would make the font bigger not only on the screen where I can click on ctrl+ to make it bigger, but also inside the session.
- When printing checks, it shows the check number, then how many checks are going to be printed. If you are already on this screen and would like to change something, you can't. There should be an option to cancel printing checks.
- If I enter a manual receivable invoice, it doesn't look like a receivable invoice in the group, it can only be printed as an un-posted or posted session report. Manual invoices are not included into historical invoices to be printed again.
Would be nice to have info in the bigger phone. I mean in all the screens as on some screens I can do it by pressing ctr+ but on most screens it is impossible to increase font.
MIP: Best solution & value for your money!
- Data entry using forms.
- Work Flow: To make sure posting is complete.
- Available resources: Support is EXCELLENT!
- Security/Roles
- Database: Easy to manage and update.
- Reporting /printer management
- User preferences/look and feel, user interface
- Patches or update delivery and installation
Abilia MIP Review
- Allows for the separate tracking of funds
- Great detailed reporting
- Has been able to integrate additional modules for different organizations as they need them
- Cumbersome in entering all the detail, but steps have been continuously made to improve efficiencies
- Drill down of reporting
- Reports are customizable, yet formatting is not helpful when you transfer to Excel