MIP Accounting
by Momentive Software · Nonprofit & Public Sector
Cloud or on-premise fund accounting software for nonprofits, schools, and government.
Updated August 2026 · By the ERP Research Editorial Team · Independent and vendor-neutral.
- Works with
- ADPPaychexPaycomPaycorPaylocity
- Deployment
- Cloud, On-premise
- Pricing
- Quote-based
Overview
MIP Accounting (formerly MIP Fund Accounting / Abila MIP) is a fund accounting solution built for nonprofits, K-12 schools, healthcare organizations, faith-based groups, and government entities that need to track and report on unlimited funds. It is published by Momentive Software (formerly Community Brands) and markets itself around 40+ years of fund-accounting experience.
The product covers general ledger and fund accounting, budgeting, grant reporting, accounts payable/receivable, requisition and purchase-order workflows, and integrated payroll/HRMS, with a multidimensional chart of accounts and more than 340 out-of-the-box reports. Reporting is built to support FASB- and GASB-compliant output for nonprofit and government accounting standards.
MIP is offered both as MIP Cloud, a SaaS deployment with SOC compliance (AICPA SSAE), and as an on-premise, self-hosted option for organizations that prefer to run it in-house. It connects to payroll providers including ADP, Paychex, Paycom, Paycor, and Paylocity, and to bank feeds through a Finicity partnership covering the large majority of U.S. banks and credit unions for automated bank reconciliation.
Screenshots & demo
Demo video from the vendor's YouTube channel.
Features & capabilities
Fund Accounting & Budgeting
Core general ledger built around unlimited fund tracking.
- General ledger and fund accounting
- Multidimensional chart of accounts
- Budget development and monitoring
- Grant reporting
- FASB- and GASB-compliant reporting
AP/AR & Purchasing
Transaction processing and procurement workflows.
- Accounts payable
- Accounts receivable
- Requisition and purchase-order workflows with automation
- Automated bank feed clearing during reconciliation
Payroll & HR
Workforce cost management integrated with fund accounting.
- Integrated payroll
- HRMS functionality
- Payroll integrations with ADP, Paychex, Paycom, Paycor, and Paylocity
Reporting & Dashboards
Configurable, real-time financial reporting.
- 340+ out-of-the-box reports
- Configurable, real-time dashboards
- Advanced security and user-access controls
- Fraud protection controls
Common use cases
- Nonprofits tracking unlimited restricted and unrestricted funds across programs
- K-12 schools and government entities producing GASB-compliant financial reports
- Healthcare and faith-based organizations centralizing grant and fund reporting
- Finance teams automating bank reconciliation via Finicity-connected bank feeds
- Organizations syncing payroll data from ADP, Paychex, Paycom, Paycor, or Paylocity
- Teams choosing between MIP Cloud (SaaS) and an on-premise deployment
Strengths & considerations
Strengths
- 40+ years of fund-accounting-specific product history under the MIP brand
- Choice of MIP Cloud (SaaS) or on-premise, self-hosted deployment
- Finicity-backed bank feed connectivity covering the large majority of U.S. banks and credit unions
- Native payroll integrations across five major payroll providers
ERP integrations
Payroll data sync
Payroll data sync
Payroll data sync
Payroll data sync
Payroll data sync
Pricing
Pricing is not published; organizations request a demo/quote from MIP sales. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- SaaS (multi-tenant) for MIP Cloud; self-hosted option available
- Compliance
- SOC (AICPA SSAE)
Alternatives to MIP Accounting in Nonprofit & Public Sector
MIP Accounting — frequently asked questions
Is MIP Accounting cloud-based or on-premise?
Both. MIP is offered as MIP Cloud, a SaaS deployment, and as an on-premise, self-hosted option for organizations that prefer to run it in-house.
Does MIP Accounting integrate with payroll providers?
Yes. MIP integrates with ADP, Paychex, Paycom, Paycor, and Paylocity so payroll data flows into fund accounting without manual entry.
Does MIP support automated bank reconciliation?
Yes, via an Automated Bank Feed Clearing feature built on a partnership with Finicity, which connects to the large majority of U.S. banks and credit unions.
Is MIP Cloud compliant with security standards?
MIP Cloud includes SOC compliance endorsed by the AICPA's Statement on Standards for Attestation Engagements (SSAE), along with encrypted data storage and user-access controls.
Evaluating Nonprofit & Public Sector?
Tell us your ERP and requirements and we'll send an independent shortlist — including MIP Accounting and the best-fit alternatives — with honest pros and cons.