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

Paige

Civic & Social Organization

Used more than 2 years

OVERALL RATING:

3

EASE OF USE

4

CUSTOMER SUPPORT

2

FUNCTIONALITY

4

Reviewed 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.

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.

Brittany

Construction, 2-10 employees

Used daily for less than 6 months

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

2

FUNCTIONALITY

4

Reviewed January 2017

Used when it was Sage

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.