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MIP Fund Accounting

MIP Fund Accounting

What Is MIP Fund Accounting?

MIP Fund Accounting is a configurable fund accounting solution designed to meet and handle the complex accounting needs of nonprofit financial management. MIP's integrated software solution suite provides general ledger, accounts payable and receivable, budgeting, human resource management, payroll, fixed assets, advanced security and more. MIP Fund Accounting exclusively serves the financial management accounting needs for thousands of nonprofits and government agencies nationwide.

Who Uses MIP Fund Accounting?

Nonprofit organizations, Government entities, Native Nations, Higher Ed, K-12 schools

MIP Fund Accounting Software - MIP Cloud - Accounting Dashboard
MIP Fund Accounting Software - MIP Cloud - Accounting Grant Report Builder
MIP Fund Accounting Software - MIP Cloud - Accounting for Multiple Budgets
MIP Fund Accounting Software - MIP Cloud - Bank Reconciliation
MIP Fund Accounting Software - MIP Cloud - User Rights and Access

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Reviews of MIP Fund Accounting

Average score

Overall
4.1
Ease of Use
3.9
Customer Service
4.1
Features
4.0
Value for Money
4.0

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001
Paul
Assistant Controller in US
Primary/Secondary Education, 1,001–5,000 Employees
Used the Software for: 2+ years
Reviewer Source
Source: SoftwareAdvice

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

5.0 6 years ago

Comments: 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
CFO in US
Nonprofit Organization Management, 201–500 Employees
Used the Software for: 2+ years
Reviewer Source

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

4.0 2 years ago

Comments: 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

Paige
CFO in US
Civic & Social Organization
Used the Software for: 2+ years
Reviewer Source
Source: SoftwareAdvice

Great software for mid-market non-profits

3.5 9 years ago

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.

Brittany
Director of Operations
Construction, 2–10 Employees
Used the Software for: 1-5 months
Reviewer Source
Source: SoftwareAdvice

Used when it was Sage

4.0 8 years ago

Comments: 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.

Akkegra
Finance Director in US
Nonprofit Organization Management, 11–50 Employees
Used the Software for: 2+ years
Reviewer Source
Source: SoftwareAdvice

Cloud Conversion/ Client Services

4.0 8 months ago

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.