MIP Fund Accounting

MIP Fund Accounting

RATING:

4.15

(68)

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 

Free trial: 

Not Available

Free version: 

Not Available

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MIP Fund Accounting Reviews

Overall Rating

4.15

Ratings Breakdown

Secondary Ratings

Ease-of-use

4

Customer Support

4

Value for money

4

Functionality

4

Showing 1 - 5 of 68 reviews

Jeanette

Company size: 2-10 employees

Industry: Accounting

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.

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

November 2022

Great Platform!

Overall very happy with MIP and the way it works. It was a good choice for us!

Pros

MIP is a great fund accounting software. It has been very valuable for our organization and makes it easy to keep everything in order and organized.

Cons

System is sometimes glitchy and it's hard to find tutorials for learning new things in the software.

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

EASE OF USE

3

VALUE FOR MONEY

3

CUSTOMER SUPPORT

1

FUNCTIONALITY

4

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

EASE OF USE

4

CUSTOMER SUPPORT

2

FUNCTIONALITY

4

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.

Alejandro

Industry: Philanthropy

Time used: Less than 6 months

EASE OF USE

3.5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

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.

Brittany

Company size: 2-10 employees

Industry: Construction

Time used: Less than 6 months

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

2

FUNCTIONALITY

4

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.

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