MIP Fund Accounting Review - why 4.2 stars?

Shlomi Lavi / updated: Mar 28, 2022

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What is MIP Fund Accounting?

MIP Fund Accounting is financial management software that was initially designed for nonprofits and government organizations. It offers all the necessary solutions for business finances and has over 8,000 customers that are presently using it. There is a wide variety of functions that this software offers and all are aimed at making and reporting of the financial activities of a company easy and transparent. The system has been integrated with General Ledger and can be modified easily to suit any size of business. MIP Fund Accounting is owned by Abila Inc.

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Who is it best for?

MIP Fund Accounting is suitable for all types of business. This includes small businesses, medium businesses, large companies and nonprofits as well as government organizations. There are so many modules that are included in the system which serves all types of business in the diverse industries. Companies that have offices in multiple locations will benefit greatly from this program which is quite comprehensive in terms of financial management.

Main features and functionalities

With the wide selection of modules offered by MIP Fund Accounting, there are so many ways that your business can benefit. You will have accounts payables and receivables, visual analyzer, web services for employees and schedule among others. The diversity of the modules availed by MIP Fund Accounting makes it quite useful for any type of business irrespective of the size. With the accurate reporting features, any business will be able to monitor all financial activities and also plan ahead of time.

What is the actual cost?

The cost of license starts at $0.10 per license. ITQlick pricing score is 2.8 out of 10 (10 is most expensive). Access ITQlick pricing guide for MIP Fund Accounting. You can also find here pricing information from MIP Fund Accounting's website.

Pros

• MIP Fund Accounting has tools like Drill-down analyzer which make it possible to get accurate reports.
• There is an inbuilt intuitive navigator that allows users to learn MIP Fund Accounting easily.
• MIP Fund Accounting includes strong audit controls which offer sound control of the books of accounts.
• There is an enhanced fixed assets summary ledger on MIP Fund Accounting.
• MIP Fund Accounting supports multiple different budgets at a go.

Cons

• The numerous modules that MIP Fund Accounting offers can be confusing for new users.
• There are frequent updates for the online version of MIP Fund Accounting but the changes are insignificant.
• With all the features and functions that MIP Fund Accounting has, the interface appears cluttered.
• MIP Fund Accounting should introduce a chat option for better collaboration among users especially those in different locations.

How it stacks up?

Access a head to head analysis of MIP Fund Accounting vs alternative software solutions.

Frequently Asked Questions (FAQs)