Compare QuickBooks and MIP Fund Accounting - Jan 2023

Shlomi Lavi

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Bottom Line: Which is Better - QuickBooks or MIP Fund Accounting?

QuickBooks is more expensive to implement (TCO) than MIP Fund Accounting, and QuickBooks is rated higher (87/100) than MIP Fund Accounting (75/100). Both tools offer the same amount of features.

Looking for the right Core Accounting solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

Intuit Vs. Abila Inc

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Who is more expensive? QuickBooks or MIP Fund Accounting?

The real total cost of ownership (TCO) of Core Accounting software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for QuickBooks and MIP Fund Accounting.

QuickBooks price starts at $15 per month , On a scale between 1 to 10 QuickBooks is rated 2, which is much lower than the average cost of Core Accounting software. MIP Fund Accounting price starts at $0.10 per license , When comparing MIP Fund Accounting to its competitors, the software is rated 2 - much lower than the average Core Accounting software cost.

Bottom line: QuickBooks cost is around the same cost of MIP Fund Accounting.

Which software includes more/better features?

We've compared QuickBooks Vs. MIP Fund Accounting based on some of the most important and required Core Accounting features.

QuickBooks: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Audit Trail, Balance Sheet, Billing & Invoicing, Check Printing, Credit Card Processing, General-Ledger.

MIP Fund Accounting: Accounts Payable, Accounts Receivable, Audit Trail, Balance Sheet, Billing & Invoicing.

Target customer size

QuickBooks Premier 2014 was designed for use by every type of business. MIP Fund Accounting is suitable for all types of business.