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.

Technology

Sage MIP Fund Accounting takes advantage of Microsoft technology—making it easy for an organization to manage its data. Microsoft MSDE database technology is used by Sage MIP Fund Accounting to perform transaction posting, report writing and database management with speed and reliability.

Combined with the Microsoft Windows 2000 or XP operating system, Sage MIP Fund Accounting offers unsurpassed stability and security. There are several opportunities using current technology whereby users can securely and effectively connect to an organization’s database via the Internet using only a Web browser.

Reporting

Created specifically for nonprofit and government organizations, the Sage MIP Fund Accounting system includes a wide variety of pre-formatted reports, including the audit-ready FASB and GASB financial and accounting reports. These reports are certainly customizable to the various detail level reporting requirements of the multiple constituents, including funding sources, auditors, executive directors, program managers and board members. Governmental entities have specific social and legal responsibilities as indicated by the Governmental Accounting Standards Board (GASB) Statement Numbers 34 & 35. This includes special reporting requisites that are often beyond the capability of commercial accounting systems.

Sage MIP Fund Accounting and Sage FASGov Fixed Assets, helps governmental agencies by providing reporting capabilities that address specific GASB requirements including:

An unlimited number of financial statement formats can be created and previewed onscreen to ensure accuracy, then saved for future use.

Transaction Entry

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.

With another keystroke or mouse click, the Automatic Offset feature balances transactions and completes the entry simply and efficiently.

The Memorize Document and Recall Document features allow the user to instantly memorize and recall frequently entered transactions. These shortcuts are perfect for accrual entries, or other entries of a recurring nature.

The Account Combination Edit feature allows the user to specify both valid and invalid account code combinations, ensuring that transactions are recorded correctly. System warnings notify the user of improper combinations for transaction entries, and those entries must be corrected prior to saving.

Sage MIP Fund Accounting includes additional powerful features typically necessary in nonprofit accounting software, such as automatic allocation of expenses across several projects or accounting codes, and tracking of restricted or unrestricted funds for projects or funding sources.

The software allows posting of transactions to the general ledger in real-time or batch mode, and has excellent built-in edits that will preclude a transaction from being saved unless it meets the critical internal edits of the system.

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:

Your system will consist of the various modules that you have purchased initially, as well as any additional modules that may easily be added at a later date.

The Sage Software company also maintains third-party relationships with a variety of other software companies that often companion with Sage MIP Fund Accounting, including various donor management programs, membership management, school administration, utility billing, etc.  As a result of this structure, Sage MIP Fund Accounting allows you to benefit from the 'best' product in any particular area of business within your organization.

In addition, Sage MIP Fund Accounting has a trade-in policy that makes it possible to trade up by paying only the cost difference between products. Therefore, Sage MIP Fund Accounting will be in a position to continue to meet your needs as you experience organization change and growth.