MIP Fund Accounting Pricing Plan & Cost Guide

MIP Fund Accounting

Fund accounting for government organizations and nonprofits

4.22/5 (65 reviews)

MIP Fund Accounting Pricing

Starting from: $0.01

Contact MIP for pricing details

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MIP Fund Accounting Pricing Reviews

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.Verified ReviewerRead the full review
  • 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.Dan M.Read the full review
  • 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.Miguel R.Read the full review

Cons

  • Payroll module is difficult to obtain reports without manipulation and combinations.Becky C.Read the full review
  • 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.Jim L.Read the full review
  • No switch to do Cash Accounting Basis-built to use Accrual Basis only. No cash forecast model built in s/w.Jim L.Read the full review
98%
recommended this to a friend or a colleague

11 reviewers had the following to say about MIP Fund Accounting's pricing:

Lauren R.

Abila MIP Fund Accounting is functional and reliable

Reviewed 2014-09-16
Review Source: Software Advice

Pros
Transitioning from our old software to Abila Fund Accounting was nearly seamless, thanks to the Abila support team. The product is reasonably priced and very functional. It meets our needs extremely well.

Cons
The reporting functionality is not at all intuitive.

Rating breakdown

Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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John C.

Ease of use is where it's at

Used monthly for less than 6 months
Reviewed 2017-01-25
Review Source: Software Advice

Most accounting systems have always been to me glorified excel spreadsheets. What I've come to loath is having to sheet and sheet of different formulas because the system isn't intuitive enough to recognize an upload of statistic analysis. Imagine having the ability to handle all of your financial needs with one simple solution? That's where my company has it's greatest strength is that it is currently pushing for one solution and this solution is it.

Pros
Ease of usage

Cons
It can be a bit expensive

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Jim L.

Overall this is a good product for our not for profit.

Used daily for 1-2 years
Reviewed 2017-11-17
Review Source: Software Advice

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. Learned a costly lesson; the cost of training is well worth it.

Pros
Bolt on modules are very robust; have exceeded our expectations. Nice integration from FR50 to MIP. Easy to install in modules so you can spread the learning curve over time.

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

Rating breakdown

Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Yvonne S.

Use

Used daily for 2+ years
Reviewed 2017-05-19
Review Source: Software Advice

Pros
Loads of options, Layout is nice, Support, job costing, all the report options, and vendor and customer lists

Cons
Not user friendly Small fonts and tabs. US version looks better Uses not give you cash accounting option

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 5/10

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Brittney W.

Abila - MIP Fund Accounting Review

Used weekly for 2+ years
Reviewed 2017-06-07
Review Source: Software Advice

The system is available as an on-premise solution or hosted on the Abila private cloud which is great having either option.

Pros
The ability to access the system from anywhere on your mobile device. There is a tough competition of modules available.

Cons
The amount of money spent can be expensive depending on the type of modules needed and how many users needed.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Miguel R.

Abila Fund Accounting Use and Customization

Used weekly for 2+ years
Reviewed 2017-02-09
Review Source: Software Advice

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. Be warned that it is not an inexpensive system although the ongoing cost of maintenance and support is not too bad. Implementation and initial licensing are where they get you. Most use the product out of the box and even then require a good amount of training since it had too many features. I would try to stay away from customizations that touch the database directly because support will have a much more difficult time supporting you. Support is ok, however during an audit and UDS season you should expect to be on the phone on hold for 30+ min.

Pros
Once set up, you will enjoy the power of flexibility and customization.

Cons
Too many options that can easily use you. You need to be trained. Support wait times can be high. High initial implements ton cost.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 6/10

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Dan M.

MIP for YOUR non-profit

Used daily for 2+ years
Reviewed 2017-06-07
Review Source: Software Advice

I would recommend this to any non-profit to account for financials in any industry.

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.

Cons
The built in custom reporting could be a little better - but there are certainly third party softwares out there that fix this problem - for a cost.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Robyn S.

Great solution from anywhere!

Used daily for less than 6 months
Reviewed 2018-08-29
Review Source: Software Advice

Pros
Cloud based was awesome as was security. It really felt like your information was secure. It had all the modules in an easy to use place.

Cons
It was a little expensive for a small company and didn’t need the cloud. I wish it had inventory and shipping capabilities to keep from buying two software packages and reconciling them.

Rating breakdown

Ease of use
Features

Likelihood to recommend: 10/10

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Kanul D.

Cloud based functionality makes Abila an attractive option

Used weekly for less than 6 months
Reviewed 2016-11-09
Review Source: Software Advice

Abila MIP Advance is a sophisticated, cloud-based true fund accounting solution that delivers powerful reporting, analytics, and dashboards. This tool is available with a responsive web interface which is optimized for mobile devices. This further adds to the usefulness of the software at large as it is accessible from anywhere. It is a true fund accounting solution well suited for mid-sized nonprofits and government entities that manage multiple funds and require advanced reporting capability. It offers a lot of add-on modules that increase functionality tremendously. It offers the ability to use a flexible chart of accounts with the ability to utilize unlimited segments, making it easy to users to manage multiple funds and programs. it can handle multiple transaction types like cash receipts, journal entries, and bank reconciliations. The Dashboard also contains a series of charts that display trends and offer a current year analysis. An advanced warning system can be set up and maintained to notify users if close to a budget overage. And the what-if scenario allows users to enter transactions to see what net effect the transactions would have on budgets. As there are less number of people using this system currently, the training administrators for the tool are also less and so are expensive too. Since training is required at the initial stage of using the program, it is an additional cost to the business during the shift to Abila.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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Mukul K.

Abila can be your primary accounting software

Used monthly for less than 6 months
Reviewed 2016-11-09
Review Source: Software Advice

Owing to the fact that modules can be added into the existing system, Abila offers a very versatile solution. We use it as a primary accounting software but it can be extended to HR as well as other departments just by the addition of modules. It is not too tough to learn but definitely some amount of time is needed initially to get used to it. Makes the process pretty smooth after that.

Pros
1. Abila offers modules that are customizable to suit the needs of small, medium and large size companies. These modules can also be purchased in parts as the requirements of the company change with time. 2. 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. 3. Fits the budget if you only buy the modules you need in case it is for a smaller organization with limited requirements.

Cons
1. Some features of the Abila software cannot be changed once the system has been set up like the number of digits in the fund code. 2. There could have been more number of options in the formatting of financial statements generated using this software. 3. Since it requires training in the initial to begin using the software, there is a cost involved in doing so.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Shruti D.

Excellent accounting tool For big as well as small businesses

Used monthly for less than 6 months
Reviewed 2016-11-09
Review Source: Software Advice

Abila is a great tool which has a very intuitive user interface and has a lot of safeguarding featues to prevent errors in the entry of data. This helps new users to get accustomed to the software and also prevents them from making mistakes initially. The data stored in the system is secure and a hierarchy can be implemented into the system and thus it helps in proper division of duties and track changes. The reconciliation and reports generated using this system makes it easy for the managers to extract, understand and analyze data. By means of some training, even a non accountant can use the tool efficiently to get the functionality they need. Importing data onto this system requires some level of expertise and is time consuming but it is smooth thereafter. The modules which offer additional functionality can get a little expensive. Overall I would recommend this software to non profits as well as firms of all sizes.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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