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MIP Fund Accounting Logo
MIP Fund Accounting
4.2
(68)

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Fund accounting for government organizations and nonprofits

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MIP Fund Accounting Pricing, Features, Reviews and Alternatives

MIP Fund Accounting product overview

Price starts from

0.01

What is MIP Fund Accounting?

MIP Fund Accounting is a comprehensive, configurable fund accounting solution. With its end-to-end suite of functionality and multi-segmented chart of accounts MIP is designed to meet and handle the complex financial management and fund accounting needs of nonprofit and government organizations. Software is provided via a secure cloud offering and can also accommodate on-premises deployment.

Key benefits of using MIP Fund Accounting

True, multi-dimensional chart of accounts
Fraud prevention and error protection with advanced security, clear audit trials, and robust internal controls
Only vendor of choice, offering cloud-based or on-premises deployment
Fully integrated HR Management Suite, including Payroll
Able to scale and grow in order to manage unlimited funds and grants

Typical customers

Freelancers
Small businesses
Mid size businesses
Large enterprises

Platforms supported

Web
Android
iPhone/iPad

Support options

Email/Help Desk
Chat
Phone Support
FAQs/Forum
Knowledge Base

Training options

In Person
Documentation
Live Online
Webinars

MIP Fund Accounting pricing information

Value for money

3.9

/5

68

Starting from

0.01

Pricing options

Free plan
Subscription
Free trial
Pricing range

MIP Fund Accounting features

Functionality

4.0

/5

68

Total features

29

4 categories

Most valued features by users

Activity Dashboard
API
Data Import/Export
Compliance Management
Customizable Reports
Billing & Invoicing
Real Time Reporting
Multi-Currency

MIP Fund Accounting users reviews

Overall Rating

4.2

/5

68

Positive reviews

Rating breakdown
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7.82/10
Rating distribution

5

4

3

2

1

27

31

8

1

1

Pros
I enjoyed the ability to get an entire University on board and working in the same direction. Additionally, the ability to coordinate accounts is very helpful.
MIP has one of the best non-profit accounting solutions out there, with its robust reporting, multiple segmentation of accounts, and ease of reviewing history in the database.
The system itself has been around for a good while. For that reason, they have built a strong product if you are in the non-profit sector looking for some flexibility.
Cons
Payroll module is difficult to obtain reports without manipulation and combinations.
No switch to do Cash Accounting Basis-built to use Accrual Basis only. No cash forecast model built in s/w.
When I used this software it was missing a few of the key features we needed which made it difficult for us to seamlessly move from one customer stage to another.
JR
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Jeanette R.

Accounting, 1-10 employees

Used daily for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Great Platform!

Reviewed a month ago

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.

CR
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Carlos R.

Nonprofit Organization Management, 201-500 employees

Used daily for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support

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

Reviewed 10 months ago

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

PB
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Paige B.

Civic & Social Organization,

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Great software for mid-market non-profits

Reviewed 8 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.

AR
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Alejandro R.

Philanthropy,

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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

Reviewed 8 years ago
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
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Brittany E.

Construction, 1-10 employees

Used daily for less than 6 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7/10

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Used when it was Sage

Reviewed 6 years ago

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...

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.

MIP Fund Accounting FAQs and common questions

Q. What type of pricing plans does MIP Fund Accounting offer?

MIP Fund Accounting has the following pricing plans:
Starting from: $0.01


Q. Who are the typical users of MIP Fund Accounting?

MIP Fund Accounting has the following typical customers:
Large Enterprises, Mid Size Business, Non Profit, Public Administrations, Small Business


Q. What languages does MIP Fund Accounting support?

MIP Fund Accounting supports the following languages:
English


Q. Does MIP Fund Accounting offer an API?

No, MIP Fund Accounting does not have an API available.


Q. What other apps does MIP Fund Accounting integrate with?

MIP Fund Accounting integrates with the following applications:
Paypool, TripLog Mileage Tracker


Q. What level of support does MIP Fund Accounting offer?

MIP Fund Accounting offers the following support options:
Email/Help Desk, Chat, Phone Support, FAQs/Forum, Knowledge Base

Common MIP Fund Accounting comparisons

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