MIP Fund Accounting Review

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Last updated: Feb 02, 2020

MIP Fund Accounting Review

ITQlick rating
(4.2/5)

Starting from $249 per month

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 custo...

  • Categories (4/14):

    • Accounting & Finance
    • Billing & Invoicing
    • Budgeting & Forecasting
    • Core Accounting

Shlomi Lavi / updated: Feb 02, 2020

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.

Average Rating -

The rating of MIP Fund Accounting is 4.2 stars out of 5. The rating is based on ITQlick expert review.

Typical Customers

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.

Features

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.

MIP Fund Accounting 5 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.

MIP Fund Accounting 2 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.

Competitors & Alternatives

There are so many other similar products in the market today which are considered to be MIP Fund Accounting competitors. Some of the programs include BlueSky Accounting, QuickBooks Premier 2013, Xero, Wave Accounting, Mint, Zoho Books and many more. With MIP Fund Accounting, you will not require an external program to be able to create reports. There are audit trails within the system which are also combined with other custom options for fields defined by the users. The pricing by MIP Fund Accounting is per module per user which makes it cost-effective since user will pay for what they need.

MIP Fund Accounting Pricing Information

The cost of license starting from $249 per month. The experts at ITQlick has reviewed MIP Fund Accounting pricing and gave the software a total cost of ownership (TCO) rating of 2.8 out of 10. Custom price cost for your business is available upon request.

Questions to ask the vendor during a demo

Schedule a demo and access 25 must ask questions for the vendor while watching MIP Fund Accounting in action

MIP Fund Accounting Categories

Accounting & Finance
Billing & Invoicing
Budgeting & Forecasting
Core Accounting
Financial reporting
Fixed Asset Accounting
Fund Accounting
HR Accounting
Inventory Management Accounting
Payroll Accounting
Project Accounting
Small Business Accounting

Specifications

Company:
Address: Austin, TX, United States
Customers: Start up, Small business, Medium business, Large business
Business Area: Cross Business Areas
Platforms: Desktop, Cloud
Operating Systems: Mac OS, Windows, Linux

MIP Fund Accounting Features

Accounts Payable
Accounts Receivable
Audit Trail
Balance Sheet
Billing & Invoicing
Budgeting & Forecasting
Check Printing
Credit Card Processing
Fund-Accounting
General-Ledger
Multi-Currency
P&L Statement
Sales Reporting
Tax compliance
Time & Expense

MIP Fund Accounting Vs. Alternatives

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 score, based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Hosting
Functionality score
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Fit large business
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