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MIP Fund Accounting software has emerged as an indispensable tool for nonprofit financial mastery. Packed with fund monitoring, budgeting, and reporting, it empowers organizations to streamline financial operations, ensure compliance, and drive mission success. Revolutionize your nonprofit with MIP and commence your journey to financial excellence today.

MIP Fund Accounting Software Specifications

Financial Reporting

Invoice Management

Expense Tracking

Tax Management

View All Specifications

What Is MIP Fund Accounting Software?

Overview

MIP Fund Accounting is a comprehensive financial management software catering to nonprofit organizations, government agencies, and similar entities. Whether deployed on premise or in the cloud, it offers robust tools for efficient fund tracking, reporting, and compliance management. MIP addresses its niche users' specific needs and challenges, solving complex accounting and financial management problems.

MIP Fund Accounting Software Pricing

The cost of MIP financial software will differ depending on your organization type and needs. Click Get Pricing for a customized pricing guide.

MIP Fund Accounting Software Integrations

The software seamlessly integrates with several third-party business applications. These include AvidXchange, Martus, TripLog Mileage Tracker, DLS Financials, and Paypool.

Who Is MIP Fund Accounting Software For?

The software is designed for businesses of all sizes across various industries. It is an ideal fit for companies that need to track huge sums of funds and manage books easily. The software caters to the following industries: primary and secondary education, non-profit organizations, civic and social organization, construction, healthcare, accounting, government, utilities, and media production.

Watch MIP Fund Accounting Software demo to learn more about its functionalities.

Is MIP Fund Accounting Software Right For You?

Recognized as a top choice in the industry, MIP Fund Accounting provides tailored solutions to streamline financial processes and enhance transparency, ensuring fiscal responsibility in the nonprofit and public sectors. It offers advanced security and fraud protection, and is FASB and GASB compliant. The software also grows with your business needs.

Still not sure if MIP Fund Accounting Software is right for you? Get in touch with our customer support team at 661-384-7070, and it will help you make the best decision.

MIP Fund Accounting Software Features

MIP Fund Accounting offers robust approval process control, allowing organizations to establish hierarchies and workflows for financial transactions. This ensures that all expenditures, budgets, and financial decisions follow a structured approval path. It improves compliance by preventing unauthorized spending.

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The software provides a detailed record of every financial transaction and modification. This enhances transparency and accountability by enabling users to trace changes and access historical data. Auditors benefit from a comprehensive and easily accessible trail.

how it worksSee How It Works

MIP streamlines the process of reconciling financial records with bank statements. It automates identifying and resolving discrepancies, reducing manual effort and the risk of errors. This results in accurate financial reporting, helping organizations maintain financial health and avoid costly mistakes.

how it worksSee How It Works

The software excels in managing grants by offering tools to track funding sources, budgets, and expenses. This ensures that organizations can effectively allocate resources, monitor grant compliance, and report on fund utilization. It simplifies the grant management process, helping nonprofits maximize funding impact.

how it worksSee How It Works

MIP assists organizations in complying with revenue recognition standards, such as ASC 606 and GASB 87. It automates the recognition of revenue over time or at specific milestones, ensuring accurate financial reporting and compliance.

how it worksSee How It Works

Pros and Cons of MIP Fund Accounting Software

Pros

  • Excellent customer support
  • Easy to set up
  • Customizable
  • Robust suite of tools

Cons

  • There could be more integrations

MIP Fund Accounting Software Reviews

Overall Rating

4.1

37 Reviews

Rating Distribution

5

star

(15)

4

star

(16)

3

star

(3)

2

star

(2)

1

star

(1)

January 2024

MIP is a good nonprofit software that is cost affordable

Peter

Non-Profit Organization Management

Ease of use

6

Value for money

10

Customer Support

8

Functionality

7

Pros

Although MIP has all the necessary features, there are additional functionalities like payroll that come with an extra cost.

Cons

The software is not up to date. I like the layout, but I can see room for improvement to make workflow and journal entries easier and faster.

December 2023

Cloud Conversion/ Client Services

Akkegra

Non-Profit Organization Management

Ease of use

10

Value for money

8

Customer Support

8

Functionality

7

Pros

When we hosted the software on premises, it worked perfectly for us.

Cons

Our organization was forced to migrate to the cloud due to lagging functionality and updates in the on-premises software, which led to more bugs. However, the migration process was quite tedious, and we were unexpectedly charged over $550 for a "modern overview" that I would have waived if the charges were transparent. The client services failed to provide adequate support, and I cannot recommend MIP cloud.

November 2022

Great Platform!

Jeanette

Accounting

Ease of use

10

Value for money

10

Customer Support

10

Functionality

10

Pros

MIP is an excellent fund accounting software that has proven highly valuable for our organization. It simplifies the task of keeping everything organized and in order.

Cons

I sometimes experience glitches in the system, and it's challenging to find tutorials for learning new features in the software.

June 2022

Least favorite accounting option

Joseph

Accounting

Ease of use

2

Value for money

2

Customer Support

2

Functionality

2

Pros

The recent release of the online version of the software has greatly improved its appearance.

Cons

MIP Fund software is difficult to use, and the interface lacks intuitiveness. Reporting and queries are not user-friendly. I strongly recommend transitioning to an online platform as soon as possible.

March 2022

Account Software Crisis

Rose

Education Management

Ease of use

2

Value for money

2

Customer Support

2

Functionality

2

Pros

I must admit that the software lacks user-friendliness, and the training process has been a nightmare. The company keeps changing trainers, leaving clients disconnected and unaware of what's happening. So for now I am not happy with this software and have nothing to mention that I like about it.

Cons

The technology aspect of the software is not easy to understand, and the modular build-up doesn't facilitate report generation.

February 2022

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

Carlos

Non-Profit Organization Management

Ease of use

6

Value for money

6

Customer Support

3

Functionality

8

Pros

The system is fantastic when it's on premises, but once you transition to the cloud, they start charging for every little change. For instance, after moving to the cloud, adding a new segment and modifying history cost us over $7K, whereas before, a SQL engineer would do it for $1K.

Cons

The customer support costs are high for any changes made.

January 2021

Abila Fund Accounting

Janet

Non-Profit Organization Management

Ease of use

10

Value for money

10

Customer Support

10

Functionality

10

Pros

This software program is solid and offers the option to add modules based on organizational needs. We use it to monitor several departments.

Cons

I think that reporting functionality could be updated to enhance ease of use for new users. It would be beneficial to have future training opportunities in the Pacific Northwest for improved convenience in travel.

March 2020

Abila software - Meh

Frank

Non-Profit Organization Management

Ease of use

4

Value for money

8

Customer Support

10

Functionality

8

Pros

One aspect I like the most is that it's tailored for nonprofit companies which allows us to allocate expenses and revenues to specific grants.

Cons

MIP Fund software is quite "picky" and often proves difficult to use. It takes time to get accustomed to the steps. For new users, changing the bank from which cheques are issued is not easily discoverable.

January 2020

Easy to use

Stephanie

Non-Profit Organization Management

Ease of use

10

Value for money

10

Customer Support

10

Functionality

10

Pros

About MIP Fund there is one thing I absolutely love about this software is how user-friendly it is. As someone in accounts payable, I can quickly and easily enter data.

Cons

One of the aspects I like the least is that when I make a mistake and attempt to fix it, the correction doesn't always apply properly.

December 2019

Sturdy and reliable accounting software

Anonymous

Not Specified

Ease of use

8

Value for money

6

Customer Support

8

Functionality

6

Pros

The software is reliable and doesn't crash. It offers a good range of features that meet our essential needs, such as payroll, AP, AR, reports, budgets, and fund management. While there are additional tools available, we currently don't use them and had to contract with third-party vendors to fulfill our requirements.

Cons

The annual fee and the need for annual updates can be somewhat tricky. While they are usually not too challenging to implement for our applications team, there are occasions when they require more effort and take a significant amount of their time.

View All 37 Reviews

Frequently Asked Questions

MIP Fund Accounting integrates with AvidXchange, Martus, TripLog Mileage Tracker, DLS Financials, and Paypool.