Financial Management Software for Nonprofits and Government
In giving service to your community, you need to be able to tell your board, your stakeholders and contributors the story of the lives you’ve touched, and how well you continue to deliver on your mission.
As the financial management software solution preferred by nonprofits and government agencies alike, MIP Fund Accounting provides an array of tools that enable you to communicate that story easily and effectively − while meeting complicated reporting and accountability requirements. MIP understands the need for flexible, open and innovative solutions that help you manage complex information with minimal effort.
As an MIP Authorized Business Partner, REDW offers comprehensive business management software solutions to our clients, from purchase through complete implementation.
MIP Fund Accounting comprises a variety of modules that address a full range of accounting, budgeting and reporting activities, including FASB and GASB 34 compliance tools, while also providing a first-rate audit trail. This modular structure allows for a precise fit with the budget and programs you manage today, with room for future expansion and growth. As your accounting and performance needs change, you can add modules to the system as needed.
MIP Fund Accounting Modules
Built-in, flexible reporting
Nonprofits can’t afford to jeopardize crucial funding by failing to deliver on the stringent reporting requirements of funding sources and government agencies. This business management solution for nonprofits and government entities provides a flexible, built-in report writer that helps you easily meet the varying requirements of funding sources, internal management and your board:
- Produce a wide selection of standard nonprofit financial management reports, such as FASB-compliant, audit-ready financial statements.
- Report on multiple fiscal years in the same report or create custom reports that cross fiscal years.
- Write dynamic financial statements directly in the application, without the help of a programmer or consultant.
- Format custom reports to your exact specifications.
- Create your own report templates. Set up an unlimited number of financial statements, preview them onscreen and save them for future use.
- Produce 990 worksheets to assist in the compilation of your annual federal form 990.
Extensive customization options include a flexible, table-driven chart of accounts design, user-preferred desktop configurations and user-defined fields.
The Visual Analyzer module provides a graphical, interactive dashboard approach to financial data analysis, allowing users to quickly uncover trends, monitor budgets and spending, and share key information throughout their organization. This business intelligence tool should allow nonprofit accountants to identify risk, develop effective strategies and make timely, informed decisions.
Advanced Organization Audit
Fraud prevention for nonprofit organizations may be even more critical than it is for for-profit businesses. The negative publicity and potential loss of confidence in internal controls can reduce contributions and grants, potentially crippling your nonprofit organization.
With the Advanced Organization Audit feature in MIP Fund Accounting, part of the Advanced Security module (an optional add-on), you can track changes to key records in your system and quickly pinpoint suspicious activity or potential fraud. Reports that are included for internal and external auditing needs will also save you hours of time digging through data and pulling files. Not only does this new feature help prevent fraud, it’s also an excellent tool for spotting accidental mistakes and errors.
A comprehensive, easy-to-use system that puts you
An intuitive navigator interface makes MIP Fund Accounting the nonprofit solution that’s easy to learn and use. Application tasks and reports are grouped by accounting function, including easy-to-understand workflow diagrams and checklists. Customize your nonprofit financial management system to fit your work habits and your mission – not the other way around.
Request an Online Demonstration
We will be happy to show you the performance and flexibility of our software solutions. Please call 505.998.3423 or email Mustafa Kamal, Principal.
MIP Fund Accounting and MIP Cloud are registered trademarks of Community Brands and used by permission.