MIP Fund Accounting

What Is MIP Fund Accounting?

MIP Fund Accounting is a configurable fund accounting solution designed to meet and handle the complex accounting needs of nonprofit financial management. MIP's integrated software solution suite provides general ledger, accounts payable and receivable, budgeting, human resource management, payroll, fixed assets, advanced security and more. MIP Fund Accounting exclusively serves the financial management accounting needs for thousands of nonprofits and government agencies nationwide.

Who Uses MIP Fund Accounting?

Nonprofit organizations, government entities, and tribal organizations

Where can MIP Fund Accounting be deployed?

Cloud-based
On-premise

About the vendor

  • Community Brands
  • Located in Tysons Corner, U.S.
  • Founded in 2017

MIP Fund Accounting support

  • Phone Support
  • Chat

Countries available

United States

Languages

English

About the vendor

  • Community Brands
  • Located in Tysons Corner, U.S.
  • Founded in 2017

MIP Fund Accounting support

  • Phone Support
  • Chat

Countries available

United States

Languages

English

MIP Fund Accounting videos and images

MIP Fund Accounting Software - MIP Dashboards
MIP Fund Accounting Software - MIP Dashboards drilldown
MIP Fund Accounting Software - MIP Transactions
MIP Fund Accounting Software - MIP Budget Worksheet
MIP Fund Accounting Software - MIP Portal
View 5 more
MIP Fund Accounting Software - MIP Dashboards
MIP Fund Accounting Software - MIP Dashboards drilldown
MIP Fund Accounting Software - MIP Transactions
MIP Fund Accounting Software - MIP Budget Worksheet
MIP Fund Accounting Software - MIP Portal

Compare MIP Fund Accounting pricing with similar products

MIP Fund Accounting

MIP Fund Accounting

US$0.01
Free Version
Free Trial
Pricing not provided by vendor
Free Version
Free Trial
Pricing not provided by vendor
Free Version
Free Trial
US$650.00/month
Free Version
Free Trial

Features of MIP Fund Accounting

  • Access Controls/Permissions
  • Accounting Software
  • Accounts Payable Software
  • Accounts Receivable Software
  • Activity Dashboard
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting/Forecasting
  • Donation Tracking
  • Financial Reporting Software
  • For Nonprofits
  • Fund Accounting Software
  • General Ledger
  • Grant Management Software
  • Multi-Currency
  • Payroll Management
  • Project Accounting Software

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Reviews of MIP Fund Accounting

Average score

Overall
4.1
Ease of Use
3.9
Customer Service
4.1
Features
4.0
Value for Money
3.9

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001
Paul
Assistant Controller in U.S.
Primary/Secondary Education, 1,001-5,000 Employees
Used the Software for: 2+ years
Reviewer Source
Source: SoftwareAdvice

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

5.0 4 years ago

Comments: 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.

Carlos
CFO in U.S.
Nonprofit Organization Management, 201-500 Employees
Used the Software for: 2+ years
Reviewer Source

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

4.0 8 months ago

Comments: 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

Paige
CFO in U.S.
Civic & Social Organization
Used the Software for: 2+ years
Reviewer Source
Source: SoftwareAdvice

Great software for mid-market non-profits

3.5 7 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.

Alejandro
U.S.
Philanthropy
Used the Software for: 1-5 months
Reviewer Source
Source: SoftwareAdvice

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

4.0 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 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
Director of Operations in
Construction, 2-10 Employees
Used the Software for: 1-5 months
Reviewer Source
Source: SoftwareAdvice

Used when it was Sage

4.0 6 years ago

Comments: 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.