MIP Fund Accounting

MIP Fund Accounting, previously known as Abila MIP or Sage 100 MIP Fund Accounting, is known for its configurability, allowing users to tailor it to their specific reporting and tracking needs.

Key features include fund accounting, human capital management, payroll, procurement, and budgeting. MIP offers a variety of deployment options, including on-premise, cloud-based, or self-hosted systems, with flexible purchasing or renting terms.

MIP Fund Accounting Editions

• Single User Edition: The Single User Edition of MIP Fund Accounting is designed for smaller organizations with limited staff and budgets, offering access to essential fund accounting software. This edition includes a single-user license and encompasses seven core modules: system manager, general ledger, accounts payable, accounts receivable reporting, budget, bank reconciliation, data import/export, and forms designer. Users have the option to upgrade to the full MIP Fund Accounting system to accommodate additional users.

• Executive View Licensing: The Executive View License provides access to MIP Fund Accounting’s financial reports, including operating results and budget positions, without transaction access. This feature enables executive users to view, add, and create their own financial reports for analysis. The embedded report writer within the system allows for the creation of customizable reports across various cost centers and periods. Additionally, it supports the building, maintenance, and reporting of unlimited budgets, projections, and forecasts directly within the system.

MIP Fund Accounting Modules

• Accounts Payable: This module simplifies the management of accounts payable, enabling the tracking of unlimited accounts, and updating the general ledger and vendor accounts automatically. It supports processing invoices, checks, and payments, with robust security controls and extensive reporting capabilities.
• Accounts Receivable: Offered in two modules, AR Reporting and AR Billing, it provides functionalities for tracking accounts receivable without billing functions, and automates billing with recurring transactions for different customer groups.
• Advanced Security: Ensures data security while allowing key employees access to necessary system areas. It includes features for setting permissions, limiting access to designated accounts, and allowing budget monitoring by program managers or department heads.
• Allocations Management: Facilitates complex allocations of indirect costs and investments, with features for flexible allocation options, time-saving tools, advanced calculation options, and compliance with OMB Cost Principles.
• Bank Reconciliation: Streamlines bank reconciliation processes, providing control over cash management, monitoring bank balances, tracking transactions, and automatically updating clearing details.
• Budget: Enables creation and tracking of budgets for grants, programs, and departments. It allows for instant budget creation, maintenance of multiple budgets, and advanced reporting for budget inquiries and financial analysis.
• Data Consolidation: Facilitates the generation of consolidated reports from different locations using any Sage 100 Fund Accounting product. It includes features for easy data consolidation, customized reporting, and balance adjustments.
• Data Import/Export: Simplifies data transfer between systems, supporting a wide range of data types including Excel and timesheets, with features for data validation and report exporting.
• Direct Deposit: Enhances payroll processing by allowing electronic deposit of pay and integrates with the General Ledger.
• Electronic Funds Transfer: Offers a method for electronic vendor payments, integrating with Accounts Payable and the General Ledger for streamlined cash flow management.
• Electronic Requisitions: Provides a system for electronic purchase requisitions with budget checking, integration with other modules, and comprehensive reporting options.
• Encumbrances: Supports budget reservation for planned expenditures, offering tools for encumbrance entry, audit trails, financial statement integration, and budget verification.
• Executive View Licensing Options: Offers report-only access, allowing budget monitoring and report generation without transactional access, at a reduced cost compared to full licenses.
• Fixed Assets: Tracks assets, calculates depreciation, and integrates these entries into the general ledger.
• Forms Designer: Customizes accounting forms, including logos, auto-signatures, and personalized layouts.
• GASB 34: Facilitates creation of GASB-34 required reports and manages complex government financial reporting and accounting standards.
• General Ledger: Serves as a comprehensive accounting foundation with features for fund tracking, financial reporting, and transaction management.
• Grant Administration: Integrates grant management within the accounting system, allowing for efficient tracking, managing, and reporting on grants.
• Inventory Control: Manages perpetual inventory, complying with GAAP and streamlining inventory-related operations and reporting.
• Multicurrency: Processes transactions in multiple currencies, complying with FAS 52 regulations, and integrates with various modules for comprehensive multicurrency management.
• NightShift Scheduler: Automates report generation and transaction processing during off-peak hours.
• Payroll: Manages nonprofit payroll with comprehensive features for employee tracking, tax processing, and payroll reporting, fully integrated with other modules.
• Purchase Orders: Combines purchase order management with strong reporting capabilities, integrated with other accounting modules.
• Sales Order Entry: Manages the sales process, from quote generation to order fulfillment and reporting, integrated with inventory and accounts receivable modules.
• Visual Analyzer: Provides a business intelligence tool for financial data analysis, offering visual dashboards to monitor trends, budgets, and spending.