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KPMG Spark vs MIP Fund Accounting Comparison

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Overview

All in one online accounting solution for small business.

MIP Fund Accounting is a comprehensive, configurable fund accounting solution. With its end-to-end suite of functionality...

  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials
  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials

Screenshots

Pricing

Starting from
$195/mo.month
  • Free trial available
  • No credit card required
  • Free account
  • Subscription based
Starting from
$0.01
  • Free trial available
  • No credit card required
  • Free account
  • Subscription based

User reviews

5

4

3

2

1

76

18

2

2

5

  • Value for money
  • Ease of use
  • Features
  • Customer support
93%
would recommend this app

4.2

(64)

5

4

3

2

1

26

30

7

1

0

  • Value for money
  • Ease of use
  • Features
  • Customer support
98%
would recommend this app

Pros

What the business is doing is wonderful and you can't ask for better customer service. You work with a specific account manager that helps you with any and all bookkeeping issues.
Do yourself a favor and go ahead and get started NOW. You’ll thank yourself later, as you’ll more time to do what you do best in your own business.
While we are fairly versed in sound accounting practices, it is great to have a bookkeeper looking over our shoulder to make sure we are consistently following the best practices for our accounting.

Pros

It offers a very good customer support system who help in setting up the accounting system initially and also help during operation if need be.
We are very satisfied with the quality and support of this software.
This software provides local government accounting functions at a perfect level. I think the best thing about this software is it provides payroll, AP, AR, reports, budgets and fund management.

Cons

Unforeseen problems: The "view only" access to my (personal) bank accounts triggered major problems. That second username triggered all my lined accounts to be unlinked and auto-payments stopped.
I have all the emails to corroborate this story and ultimately, I had to go to my credit card company which disputed the charges and refunded my money.
Had one of the worst experience with them, using their bookkeeping and tax filing services.

Cons

For instance, when PTO hours are entered on the timesheet, you still have to go to another tab to indicate Leave taken for the leave balance to be reduced.
Inability to increase font size on the main screens. The very small font size is very difficult to see and causes a strain for those of us who work on the system all day.
Don't generally have any issues with the software but it seems to lag at times for no reason. Every environment is different but we've been using it for a long time.
  • Vendor responds to reviews
  • Last review3 months ago
  • Vendor responds to reviews
  • Last review4 months ago

Key features

  • Total features29
  • API
  • Access Controls/Permissions
  • Account Reconciliation
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Ad hoc Reporting
  • Asset Management
  • Asset Tracking
  • Audit Management
  • Audit Trail
  • Automatic Billing
  • Bank Reconciliation
  • Billing & Invoicing
  • Bookkeeping Services Integration
  • Budget Control
  • Budgeting/Forecasting
  • CPA Firms
  • Cash Management
  • Charting
  • Compliance Management
  • Customer Accounts
  • Customizable Forms
  • Customizable Reports
  • Dashboard Creation
  • Data Import/Export
  • Donation Tracking
  • Donor Management
  • Electronic Payments
  • Expense Tracking
  • Financial Reporting
  • Fixed Asset Management
  • For Nonprofits
  • Fraud Detection
  • Fund Accounting
  • General Ledger
  • Grant Management
  • HR Management
  • Multi-Company
  • Multi-Currency
  • Multi-Location
  • Nonprofits
  • Payroll Management
  • Project Accounting
  • Projections
  • Purchasing & Receiving
  • Real Time Reporting
  • Requisition Management
  • Resource Allocation & Planning
  • Revenue Recognition
  • Security Auditing
  • Spend Management
  • Summary Reports
  • Tax Management
  • Transaction History
  • Total features41
  • API
  • Access Controls/Permissions
  • Account Reconciliation
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Ad hoc Reporting
  • Asset Management
  • Asset Tracking
  • Audit Management
  • Audit Trail
  • Automatic Billing
  • Bank Reconciliation
  • Billing & Invoicing
  • Bookkeeping Services Integration
  • Budget Control
  • Budgeting/Forecasting
  • CPA Firms
  • Cash Management
  • Charting
  • Compliance Management
  • Customer Accounts
  • Customizable Forms
  • Customizable Reports
  • Dashboard Creation
  • Data Import/Export
  • Donation Tracking
  • Donor Management
  • Electronic Payments
  • Expense Tracking
  • Financial Reporting
  • Fixed Asset Management
  • For Nonprofits
  • Fraud Detection
  • Fund Accounting
  • General Ledger
  • Grant Management
  • HR Management
  • Multi-Company
  • Multi-Currency
  • Multi-Location
  • Nonprofits
  • Payroll Management
  • Project Accounting
  • Projections
  • Purchasing & Receiving
  • Real Time Reporting
  • Requisition Management
  • Resource Allocation & Planning
  • Revenue Recognition
  • Security Auditing
  • Spend Management
  • Summary Reports
  • Tax Management
  • Transaction History

Integrations

  • Total integrations2
  • Authorize.net
  • Dropbox Business
  • Dynamics 365
  • FreshBooks
  • Microsoft Dynamics GP
  • Microsoft Excel
  • NetSuite
  • PayPal
  • QuickBooks Online
  • QuickBooks Online Advanced
  • SAP Business One
  • Sage Intacct
  • Salesforce Sales Cloud
  • Shopify
  • Slack
  • Stripe
  • WooCommerce
  • Workato
  • Xero
  • Zapier
  • Total integrations3
  • Authorize.net
  • Dropbox Business
  • Dynamics 365
  • FreshBooks
  • Microsoft Dynamics GP
  • Microsoft Excel
  • NetSuite
  • PayPal
  • QuickBooks Online
  • QuickBooks Online Advanced
  • SAP Business One
  • Sage Intacct
  • Salesforce Sales Cloud
  • Shopify
  • Slack
  • Stripe
  • WooCommerce
  • Workato
  • Xero
  • Zapier

Security

  • Encryption of sensitive data at rest
  • HTTPS for all pages (web-based apps)
  • Reports/alerts for security breaches
  • Multifactor authentication options
  • Customer data removed upon service cancellation
  • Encryption of sensitive data at rest
  • HTTPS for all pages (web-based apps)
  • Reports/alerts for security breaches
  • Multifactor authentication options
  • Customer data removed upon service cancellation

KPMG Spark vs. MIP Fund Accounting

See how KPMG Spark and MIP Fund Accounting stack up against each other by comparing features, pricing, ratings, integrations, security & more.

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