Sage MIP Fund Accounting

Recently voted as Best Overall Nonprofit Accounting Software by financial managers nationwide, Sage MIP Fund Accounting software is the preferred nonprofit and government financial management solution to plan and manage budgets, maximize grants, and produce accurate customized reports in minutes. Sage MIP Fund Accounting software addresses the specific financial management needs of organizations that need to track and report on multiple funds across multiple budget periods to meet their reporting requirements and demonstrate accountability.

Sage MIP Fund Accounting is the award-winning nonprofit and government accounting software that allows you to:

• Cut hours or days off your reporting cycle. Create the reports you need within the system, instead of manipulating data with external spreadsheets or fighting with complex external report-writing tools.
• Customize the chart of accounts to access data quickly and easily for more efficient tracking and reporting.
• Automate transaction entry with a variety of tools including memorized transactions, preset distributions, and entry defaults, to boost productivity and reduce errors.
• Use the dynamic Drill-down Analyzer to "drill-down" to review the individual transactions that make up the balances on reports.
• Make it easy for auditors to verify financial statement accuracy by maintaining a clear audit trail.

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Sage MIP Fund Accounting Features

Built-in, Flexible Reporting

Nonprofits and governments can´t afford to jeopardize crucial funding by failing to deliver on the stringent reporting requirements of funding sources. This accounting software provides a flexible, built-in report writer that helps you easily create reports to 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.
• Produce GASB-compliant financial statement for government agencies.
• Report on multiple fiscal years in the same report or create custom reports that cross fiscal years.
• Format custom reports to your exact specifications.
• Write dynamic financial statements directly in the application, without the help of a programmer or consultant.
• 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, for nonprofit organizations.

A Comprehensive Yet Easy-to-Use System That Puts You in Control

An intuitive navigator interface makes Sage MIP Fund Accounting software the nonprofit accounting 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 financial management system to fit your work habits and your mission—not the other way around.

Extensive Budget Management and Control

Sage MIP Fund Accounting software offers wide-reaching budget management and control including the ability to check for available budget online, view budget impact of entries as they are entered, and control whether entries can be posted if they exceed the budget. For more control, you can use this accounting software to monitor financial commitments through integrated encumbrance tracking.

Unlimited Budget Versions

Utilize the budget worksheet feature to quickly create any budget scenario during the budget preparation cycle or use versions to re-cast your budget to reflect amendments during your fiscal year.

• Report on any and all budget versions within your Financial Statements or Budget Reports.
• Utilize budget versions as a forecast tool for “what if” scenarios.
• Recast budgets throughout the year for easy Board reporting.
• Utilize standard variances or create your own for trend reports with the powerful custom column feature.

Integration Options

Integration between fundraising and development, programs and operations and accounting can streamline many of the daily tasks required in successful nonprofit management. That is why Sage Software offers a range of seamlessly integrated solutions with Sage MIP Fund Accounting, including a range of Sage Fundraising product options and Sage FAS Nonprofit for fixed asset tracking. In addition, we offer an extensive systems integration program to other software vendors who offer specialized solutions for program support.

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Sage MIP Fund Accounting Modules

Accounts Payable

Set-up and track an unlimited number of payable accounts, simultaneously update vendor accounts in the general ledger, and view payments throughout the system.

Accounts Receivable

Track your customers, donors, and their receivables. Maintain comprehensive customer records, create customer statements, and create payment requests.

Advanced Security

Give the right people secure and convenient access. Control entry and viewing access by individual program, department, and general ledger code for secure, distributed use of the system.

Allocations Management

Automate how you calculate, review, and generate entries across your complex allocations. Ensure compliance with OMB Cost Principles and limit allocations to avoid over-charging grantors.

Bank Reconciliation

Simplify how you reconcile your cash accounts for all transactions. Monitor your bank balances and cash transactions, and track discrepancies within the system.

Budget

Create, plan, and monitor customized budgets for your grants, programs, departments or cost centers. Generate reports, establish service level performance goals for your programs, and perform unit cost breakdowns.

Data Import/Export

Facilitate the transfer of information from third-party software to and from your Sage MIP Fund Accounting system. Import virtually any type of data and eliminate duplicate entries.

Direct Deposit

Gain more control over payroll disbursements and give your employees the convenience of electronically-deposited pay.

Electronic Funds Transfer

Issue vendor payments electronically for an efficient, inexpensive alternative to paper checks. Automatically send payment notifications to vendors via e-mail.

Electronic Requisitions

Check for available budget prior to making a request or granting approval. Route requests through the appropriate chain of approval, monitor requests, and create requisition reports.

Encumbrances

Reserve budget numbers for planned expenditures and financial commitments. Optimize tracking and compliance to administer and report on encumbered funds.

Executive View

Extend "read only" report access for select staff who need a direct view of operating results and budget position.

Fixed Assets

Track assets, easily calculate depreciation, and allocate depreciation and disposal entries in the general ledger.

Forms Designer

Customize almost any printed form, add logos to customer billing statements, and utilize auto-signatures for check authorization.

GASB 34

Gain a flexible, table-driven chart of accounts structure, a built-in check writer, and a complete financial reporting tool. Track cash receipts, cash disbursements, journal vouchers, and other types of transactions.

General Ledger

Gain a flexible, table-driven chart of accounts structure, a built-in check writer, and a complete financial reporting tool. Track cash receipts, cash disbursements, journal vouchers, and other types of transactions.

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