MIP Fund Accounting Software

MIP Fund Accounting Software

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About MIP Fund Accounting

Purpose-built to meet the needs of the modern nonprofit 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, enables our experienced cons...

MIP Fund Accounting Pricing

Contact MIP for pricing details

Starting price: 

$0.01 

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Not Available

Free version: 

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MIP Fund Accounting User Reviews

OVERALL RATING

SECONDARY RATINGS

Ease-of-use

4

Value for money

4

Customer support

4

Functionality

4

Showing 1 - 5 of 67 reviews

Paul

Company size: 1,001-5,000 employees

Industry: Primary/Secondary Education

Time used: 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.
4

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
3

Functionality

out of 5

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

Company size: 201-500 employees

Industry: Non-Profit Organization Management

Time used: More than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered
3

Ease-of-use

out of 5
3

Value for money

out of 5
1

Customer support

out of 5
4

Functionality

out of 5

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

Reasons 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

Paige

Industry: Civic & Social Organization

Time used: More than 2 years

4

Ease-of-use

out of 5
2

Customer support

out of 5
4

Functionality

out of 5

June 2015

Great software for mid-market non-profits

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.

Anonymous

Company size: 51-200 employees

Time used: 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.
4

Ease-of-use

out of 5
3

Value for money

out of 5
4

Customer support

out of 5
3

Functionality

out of 5

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.

Robbie

Company size: 11-50 employees

Time used: More than 2 years

Review Source

This review was submitted organically. No incentive was offered
5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

June 2018

Manager

I would recommend this product to any nonprofit. It has what you need for sure.

Pros

General Ledger chart of accounts setup is second to none. With the segment driven chart versus the linear style chart of accounts found in competitor products, the reporting is hands down the best I've ever seen in the industry. It also has strong audit controls for maintaining integrity within your software.

Cons

Hard to find anything I don't like about this product. I am eagerly waiting for them to bring more features to the cloud offering.

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