MIP

MIP Fund Accounting

MIP Fund Accounting Software

Solution Module Overview

To help you deliver on your mission, MIP Fund Accounting is a configurable fund accounting solution that allows you to report and track information most important to you, your board, and your supporters.

The MIP Fund Accounting Software gives you the freedom to build a customized system to meet your specific needs while maintaining the flexibility to add modules as your organization grows.

MIP Fund Accounting Modules

GENERAL LEDGER

Track financial information in a way that works best for your organization using a flexible, segmented chart of accounts. The General Ledger is the foundational module that tracks cash receipts, cash disbursements, journal vouchers, and other financial transactions with an easy-to-use report writer directly within the application.

ACCOUNTS PAYABLE

The Accounts Payable module is used to centralize all vendor information and automate 1099 production. To help create a streamlined process, your Accounts Payable transactions will simultaneously update vendor accounts and the General Ledger. Reporting is easier because you can pay vendors from multiple cash accounts.

ACCOUNTS RECEIVABLE REPORTING WITH BILLING AND SALES ORDER ENTRY

Account Receivable Reporting with Accounts Receivable Billing helps create invoices, request payment, manage prepayments, and create customer statements. Invoice as often as needed with the flexibility to create custom billing cycles.

Sales Order Entry allows you to streamline your entry process and easily record sales transactions.

DATA IMPORT / EXPORT

Use the Data Import / Export module to eliminate time-consuming duplicate entry or to reduce errors from manual data entry.

Users can also facilitate the transfer of information into MIP Fund Accounting, such as general ledger entries from outsourced payroll or other systems and accounts receivable information from specialized billing systems.

BANK RECONCILIATION

Improve cash management by closely monitoring bank balances and transactions using the Bank Reconciliation module.

BUDGET

Create an unlimited number of customized budgets for any timeframe including cross-year budgets, enforce budget control with a single click, and activate warnings when at risk of overspending. Forecast and create “what-if” scenarios to ensure a strong financial position for your organization in the future. See how transactions will affect your outstanding budget in real time as they are created with a budget view available directly within transaction entry.

ACCOUNTS RECEIVABLE REPORTING

Accounts Receivable reporting allows you to track all revenue streams while managing its information.

FORMS DESIGNER

Make each and every document coming from your organization look professional such as billing statements, check stock, and purchase orders.

Create custom preferences such as manager signatures automatically included on checks under a defined value.

Payroll Management Software

PAYROLL

Produce timely and accurate pay for the employees who keep your organization moving forward. Generate fully allocated accounting entries, and keep comprehensive employee records using the payroll module. We stay up to date on tax rates so you don’t have to. Stay fully tax compliant with paper and eFiling options for both State and Federal forms.
DIRECT DEPOSIT

Give your employees the convenience of electronically deposited pay including the option to deposit their pay into multiple accounts automatically with each paycheck.
HUMAN RESOURCES

Streamline your payroll process by making updates and changes to employee information from directly within the Human Resources module. Integration between your payroll and MIP product provides quick and easy HR reporting (including FMLA and EEO) and tax form population. Employee data including certification, education, review dates, and benefit plan adjustments is easily and efficiently tracked.
EMPLOYEE WEB SERVICES

Streamline timesheet entry and provide employees and managers 24/7 web access to their pay stub, benefit information, and important employee messages. Many timesheet entry preferences are available including the option to record hours by multiple cost centers. Allow Human Resources teams to focus on managing employees rather than handling mundane information requests.

Purchasing Management

ELECTRONIC REQUISITIONS

Improve the availability of information for pre-purchase decision making with Electronic Requisitions. Review the impact of current requests with our one-click budget checking tool.
Receive notification via email of status changes to requisition requests. Approve or reject requisitions directly from your mobile device such as an iPhone or Android device.
ENCUMBRANCES

Easily reserve funds for planned expenditures or commitments and improve your tracking and compliance for reporting. Include encumbrances on financial reports and within the budget checking tools within MIP to measure true budget performance.
FIXED ASSETS

Track assets, easily calculate depreciation, and automatically generate depreciation and disposal entries in the General Ledger.
Quickly enter new assets using Quick Asset Entry, when recording purchases in Accounts Payable, cash disbursements or Purchase Order.
PURCHASE ORDER

This module provides easy-to-use purchase order entry, strong reporting, integration with Accounts Payable and Receiving gives this MIP seamless functionality. Stay within your budget using one-click budget check