The MIP Blog
Accounting and finance stories and trends for the nonprofit professional.
COVID-19 Response and Relief Funds: Finding a Grant for Your Nonprofit
Reduced revenues, redirected funds, and emergency funding are part of the new normal for many nonprofits and organizations across the country. From government supported payroll protection to exhaustive efforts working to gain donations and relief funds, here's what to...
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Fight procrastination: The time is now to move your association’s accounting software to the cloud
In the association world, where deadlines are pressing and time is of the essence, procrastination can become a hinderance on your organization. National Fight Procrastination Day is September 6th, so it’s time to quit putting off those small tasks that can make your...
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How to Incorporate Marketing Automation with Your Financial Software
While many businesses have a primary objective of raising as much money as possible for shareholders, life in a nonprofit or government organization is quite different. You’re not trying to boost those profits through the roof – your goal is to make as...
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Finding the right accounting software for your association
There’s nothing simple about managing the financials of an association. The day-to-day challenges of collecting membership dues, budgeting and reporting can easily turn your job into one hectic spreadsheet. The right accounting software is the difference between a...
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Best Practices for Your Nonprofit Audit
Are you stressed about an upcoming audit? Remember, audits need not be painful if you prepare for them. Here are our tips for making your next audit painless and aligning your nonprofit’s financial practices with its mission. Selecting the Right Auditor Work with your...
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What is Government Fund Accounting?
Government entities – whether local, state, or federal – are diverse and complex, with countless legal and fiscal constraints around how they carry out their various and diverse operations. Consequently, government fund accounting can be a bit of a beast. Government...
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Nuts and Bolts of a Nonprofit Accounting Audit
If you’re new to the nonprofit accounting space, you might be a little lost on what’s expected of you – and what to expect – from an audit. Never fear! It’s not difficult to get all caught up and ready to roll when that audit appears on the horizon. The Fundamentals...
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Nonprofit Accounting Software: The Ultimate Buyer’s Guide
Although it may surprise some people to hear, the nonprofit accounting software world is a vast space. There are so many different providers with different specializations that it can make your head whirl. So, how do you know you’re getting the best software solution...
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Show me the Money: The Statement of Activities with Functional Expenses
In the world of nonprofit accounting, there are several nonprofit financial statements that organizations should master. Near the top of the list is a statement of activities. This report is similar to a statement of revenue and expenses in the for-profit world....
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Using Interns to Make a Big Impact at Your Nonprofit
With fall fast approaching, college students are busy applying for fall internships before the new semester begins. Internships aren’t just a great way for students to get a taste of the real world. Nonprofits can also benefit by using these students to boost...
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Join MIP Accounting at ASAE Annual Meeting for a Walk in the Park
Join the MIP team August 10-13 at the MIP Accounting booth #1631 during the 2019 American Society of Association Executives (ASAE) Annual Meeting in Columbus, OH where we’re excited to announce MIP Accounting: cloud-based accounting software for associations.
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How Your Nonprofit Finance Team can Stay Productive During the Summer Months
While summer ushers in sunshine, barbeques, and warm temperatures, it also might mean your nonprofit will be short-staffed due to employee vacations. This can be especially stressful for organizations with finance departments already spread too thin. So, how can you...
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Government Accounting Software: Leading Solution from MIP
As an accounting professional in the public sector, you’re well aware that government accounting needs are different than those of private organizations. Therefore, government accounting software must be different than generic accounting tools. MIP Fund...
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