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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

4.0

/5

65

Price starts from

$

0.01

Pricing options

Free plan
Subscription
Free trial
Pricing range

Value for money contenders

MIP Fund Accounting features

Functionality

4.1

/5

65
Total Features41 4 categories

Most valued features by users

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

Functionality contenders

MIP Fund Accounting users reviews

Overall rating

4.2

/5

65

Positive reviews

88%

Write a review
Rating breakdown
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7.92/10
Rating distribution

5

4

3

2

1

27

30

7

1

0

Pros
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.

DM

Dan M.

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.

AR

Anonymous Reviewer

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.

MR

Miguel R.

Cons
Payroll module is difficult to obtain reports without manipulation and combinations.

BC

Becky C.

Don't purchase any Abila product without factoring in the cost of training. Our organization did a self install & configuration and to be frank made a mess of things.

JL

Jim L.

No switch to do Cash Accounting Basis-built to use Accrual Basis only. No cash forecast model built in s/w.

JL

Jim L.

Overall rating contenders

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

Share this review:

Best non-profit/fund accounting system for the $

Reviewed 4 months ago

Great system for non profits, especially for the $

Pros

Functionability and flexibility. Import/export capabilities. Takes time to setup and works great, especially for what it costs. Wish they will charge more and tight the issues I mentioned in the modules.

Cons

posting of previous periods can happen is the transactions were entered but not posted to a previous period, then when the month end is done, the transactions that were entered, can be posted to previous periods. Due to/from fund balancing is not mandatory, wish they will force it.

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

Share this review:

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

Reviewed 7 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...

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

Share this review:

Great software for mid-market non-profits

Reviewed 6 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.

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 5 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.

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

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

Reviewed 3 years ago

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.

MIP Fund Accounting FAQs and common questions

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


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


MIP Fund Accounting supports the following languages:
English


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


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


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

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