by MIP Team | Oct 19, 2021 | MIP Cloud
One of the key steps an auditor takes during an audit is to review and ensure your organization has the proper internal controls in place. Internal controls are the mechanisms, rules and procedures you have implemented to ensure the integrity of financial and...
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by MIP Team | Oct 13, 2021 | MIP Cloud
For nonprofits and other organizations, preparing early for end-of-year audits will help set the path for success. Having a fund accounting solution in place that will help you pull key reports, financial statements, payroll and other required audit materials will...
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by MIP Team | Oct 13, 2021 | MIP Cloud
In the nonprofit world, where deadlines are pressing and time is of the essence, procrastination can become a hindrance to your organization. If you’re procrastinating on looking at migrating your association’s accounting software to the cloud, now might...
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by MIP Team | Oct 5, 2021 | Fraud, Payroll/HR, Nonprofit Accounting, Security & Compliance
We’re excited to share these tips from MIP Fund Accounting’s Neil Taurins as featured on HRZone.com The HRZone article will help you discern how HR software solutions can enable your organization to automate and streamline efficiency for your mission. By working...
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by MIP Team | Oct 4, 2021 | Fraud, Nonprofit Accounting, Security & Compliance
Our most recent webinar “Positioning for growth by preventing fraud in your nonprofit” features superb insights from our panelists on the power of setting internal controls within your organization to detect fraud, and key processes nonprofits can put into place to...
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by MIP Team | Sep 30, 2021 | Fraud, Nonprofit Accounting, Security & Compliance
As we move into audit season, we wanted to simplify and share the 3 stages of an audit for nonprofits who might be planning for first audits. But first, why do audits matter? In a nutshell, audits assure your supporters and grantors that a nonprofit is being...
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by MIP Team | Sep 28, 2021 | Fund Accounting Solution, Fraud, Payroll/HR, Nonprofit Accounting
Minding the GAAP – resources for generally accepted accounting principles Both nonprofits and government agencies must follow GAAP, the Generally Accepted Accounting Principles.The Financial Accounting Standards Board and the Government Accounting Standards Board,...
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by MIP Team | Sep 23, 2021 | Fraud, Nonprofit Accounting, Security & Compliance
We’ve rounded up our best resources on fraud prevention and reduction. Take time to read through these and see how many practices your nonprofit has in place! Best practices for your nonprofit audit This resource highlights how to select the right auditor, prepare...
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by MIP Team | Sep 20, 2021 | Nonprofit Accounting, Funding
As a nonprofit leader, budgeting is your chief responsibility. MIP offers nonprofit financial officers and executives a robust set of budget creation and support software features that make nonprofit budgeting a breeze. Whether you just concluded your budget review...
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by MIP Team | Sep 14, 2021 | Fraud, Nonprofit Accounting, Security & Compliance
The bad news? Fraud is a threat to any nonprofit’s mission. The good news? The more checkpoints you have in place to prevent fraud, the less opportunities for fraudulent activities. Today we’re sharing some simple yet powerful accounting internal controls you can put...
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by MIP Team | Sep 6, 2021 | Nonprofit Accounting
If your nonprofit provides programs and services, chances are they’re more than a valued and central resource to the community – they’re a crucial source of revenue and core to fulfilling your mission. Managing these programs and services can be complex on a daily...
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by MIP Team | Aug 4, 2021 | Government Sector
Table of Contents Governmental Accounting GASB Compliance How MIP Makes Compliance Easy Work With MIP How Does Governmental Accounting Differ From Nonprofit Accounting? Fund accounting is a system of accounting used by non-profits to track the amount of cash assigned...
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