MIP Accounting review

MIP Accounting, part of Momentive Software, has served nonprofits and government entities for 40 years and is built for organizations with many funding sources. The vendor says it tracks unlimited funds with a multidimensional chart of accounts, and its core modules cover the general ledger, fund accounting, budgeting, grant reporting, accounts payable and accounts receivable. MIP Cloud ships with more than 340 out-of-the-box reports, configurable dashboards and FASB- and GASB-compliant statements, which matters for nonprofits that report to government funders. Payroll and HR management integrate with accounting, and requisition and purchase order workflows support spending controls. The cloud environment lists SOC compliance endorsed by the AICPA, and MIP says moving existing data to the cloud takes just under 4 hours. The drawbacks are the sales process, since there is no public price, and a setup built for trained finance staff rather than volunteers.

Who it is for

Grant-funded nonprofits that need GASB or FASB reports and integrated payroll

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Tracks unlimited funds with a multidimensional chart of accounts
• Core modules: general ledger, fund accounting, budgeting, grant reporting, AP and AR
• 340+ out-of-the-box reports and configurable dashboards
• FASB- and GASB-compliant reports
• Integrated payroll and HR management and purchase order workflows

Strengths and weaknesses

• Strength: Built for organizations with many funding sources and fiscal years
• Strength: SOC compliance endorsed by the AICPA for the cloud environment
• Strength: Cloud or on-premise deployment
• Weakness: No published pricing; demo and quote required
• Weakness: Module-based setup takes longer than self-serve tools
• Weakness: Aimed at finance staff rather than volunteer treasurers

Key facts

• Reports: 340+ out of the box
• Deployment: MIP Cloud or on-premise
• Pricing: On request

Where it ranks

MIP Accounting is No. 6 in our Best Accounting Software for Nonprofits verdict.