MIP Fund Accounting

RATING:

4.1

(70)

About MIP Fund Accounting

Purpose-built to meet the needs of the modern nonprofit, educational organization, and government agency, MIP Fund Accounting® empowers organizations to track by fund, manage restrictions based on unlimited funding sources, and meet complex reporting requirements. The fully-integrated, fund accounting software of choice for nonprofits and government agencies, MIP’s end-to-end suite of functionality and multi-segment chart of accounts adapts to the size and unique needs of each organization. Available both in the cloud or on-premise, MIP is an integrated suite offering true fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management and dashboard functionalities. The flexibility designed in the software, enab...
MIP Cloud - Accounting Dashboard

MIP Fund Accounting Reviews

Overall Rating

4.1

Ratings Breakdown

Secondary Ratings

Ease-of-use

4

Customer Support

4

Value for money

4

Functionality

4

Most Helpful Reviews for MIP Fund Accounting

1 - 5 of 70 Reviews

Paul

Primary/Secondary Education, 1,001-5,000 employees

Used daily for more than 2 years

Review Source
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

3

Reviewed September 2018

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

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

Non-Profit Organization Management, 201-500 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

4

EASE OF USE

3

VALUE FOR MONEY

3

CUSTOMER SUPPORT

1

FUNCTIONALITY

4

Reviewed February 2022

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

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

Reason for choosing MIP Fund Accounting

experience with MIP for over 20 years

Reasons for switching to MIP Fund Accounting

Acumatica doesn't work for non-profits that have a lot of Federal grants

Peter

Non-Profit Organization Management, 51-200 employees

Used daily for less than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

2

EASE OF USE

3

VALUE FOR MONEY

5

CUSTOMER SUPPORT

4

FUNCTIONALITY

3

Reviewed January 2024

MIP is a good nonprofit software that is cost affordable

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

Non-Profit Organization Management, 11-50 employees

Used daily for more than 2 years

Review Source
This review was submitted organically. No incentive was offered

OVERALL RATING:

4

EASE OF USE

5

CUSTOMER SUPPORT

4

FUNCTIONALITY

3

Reviewed December 2023

Cloud Conversion/ Client Services

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.

Anonymous

51-200 employees

Used daily for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

3

CUSTOMER SUPPORT

4

FUNCTIONALITY

3

Reviewed December 2019

Sturdy and reliable accounting software

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.