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Distinguished from commercial accounting applications, the Sage MIP Fund Accounting table-driven chart of accounts is robust and flexible, and is designed to handle high transaction volumes and complex accounting configurations. The chart of accounts may be customized to fit the unique recording and reporting needs of virtually any nonprofit organization.
Sage MIP Fund Accounting takes advantage of Microsoft technology—making it easy for an organization to manage its data. The database engine is Microsoft SQL Server, and the Express Version installs with the software, or you may run on full Microsoft SQL Server. Utilization of Microsoft SQL as its database engine, Sage MIP Fund Accounting offers unsurpassed stability and security.
Created specifically for nonprofit and government organizations, the Sage MIP Fund Accounting system includes a wide variety of pre-formatted and customizable reports, including the audit-ready FASB and GASB financial and accounting reports.
With Sage MIP Fund Accounting, transaction entry is simple and efficient. The use of special function keys, distribution codes and automatic offset entries are just a few clicks away. Using the distribution code option, with just a few keystrokes or mouse clicks, users automatically distribute amounts to user-defined account code combinations and line items based on your own pre-set dollars, percentages and units.
Fully Integrated System
Sage MIP Fund Accounting is a fully integrated system that uses the General Ledger as its hub. The various modules or spokes of that wheel all may be purchased separately, and are easily added at any time. The modules available other than general ledger are:
- Accounts Payable
- AP Electronic Funds Transfer (EFT)
- Accounts Receivable Reporting
- Accounts Receivable Billing
- Allocations Management
- Bank Reconciliation
- Grant Administration
- Budget Management
- Purchase Order
- eRequisition
- Encumbrances
- Payroll
- Direct Deposit for Payroll
- Data Import/Export
- Forms Designer
- Fixed Assets
- Sales Order Entry
- Inventory Control
- NightShift Scheduler
- Data Consolitation
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