About MIP Fund Accounting

Achieve true fund accounting for your nonprofit organization with MIP On-Premise, MIP Cloud and Soft Trac.

With MIP and Soft Trac, you get purpose-built technology designed to meet the unique complexities of nonprofit financial management. As a true fund accounting system MIP supports multi-dimensional charts of account, provides a clear audit trail and fraud protection, includes GASB- and FASB-compliant reports, enables financial transparency to stakeholders at all levels, and easily integrates with other mission-critical systems

MIP is an integrated suite offering accounting, general ledger, accounts payable and receivable, purchasing and encumbrances, electronic requisitions, budgeting, bank reconciliation, payroll, human resources, fixed...


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Supported Operating System(s):

Mac OS, Web browser (OS agnostic), Windows 8

64 Reviews of MIP Fund Accounting

Average User Ratings

Overall

4.20 / 5 stars

Ease-of-use

4.0

Value for money

4.0

Customer support

4.0

Functionality

4.0

Ratings Snapshot

5 stars

(24)

24

4 stars

(27)

27

3 stars

(11)

11

2 stars

(2)

2

1 stars

(0)

0

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 64 results

September 2018

Paul from Aspire Public Schools

Company Size: 1,001-5,000 employees

Industry: Primary/Secondary Education

Time Used: More than 2 years

Review Source


Ease-of-use

4.0

Value for money

5.0

Customer support

5.0

Functionality

3.0

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.

December 2014

Alejandro from Camillus House, Inc.

Industry: Philanthropy

Time Used: Less than 6 months


Ease-of-use

3.5

Customer support

5.0

Functionality

4.0

December 2014

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

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.

December 2019

Anonymous

Verified Reviewer

Company Size: 51-200 employees

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

4.0

Value for money

3.0

Customer support

4.0

Functionality

3.0

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.

January 2020

Stephanie from FSTC

Company Size: 51-200 employees

Industry: Non-Profit Organization Management

Time Used: More than 2 years

Review Source


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

January 2020

Easy to use

The problem that it has solved is being able to keep track of accounts payable and receivables so easliy.

Pros

One of the things I love about it is how easy it is to use. I am in accounts payable and I can enter them so fast and easy.

Cons

One of the things I least like about it is that sometimes when I make a mistake and fix it it won't really correct it.

June 2015

Paige from Spanish Peaks Behavioral Health Centers

Industry: Civic & Social Organization

Time Used: More than 2 years


Ease-of-use

4.0

Customer support

2.0

Functionality

4.0

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.