MIP vs. Quickbooks

MIP Fund Accounting Software

A Purpose-Built Alternative to Quickbooks for Nonprofits and Associations

Is Quickbooks Holding Your Organization Back?

Quickbooks (also know as QBO – QuickBooks Online), is accounting software developed for small business accounting. While geared toward small-to-medium businesses, many nonprofits have used the platform as a basic alternative to investing in a true fund accounting solution. As time goes by, however, the spreadsheets and double entries pile up, the inefficiencies and errors mount, and the simplest tasks become unnecessarily complex.

Track, manage, scale and grow with today’s leading Quickbooks alternative for Nonprofits and Associations.

How MIP Compares with Quickbooks

	Quickbooks
Purpose Built for Nonprofits and Association accounting	Built for Small Business
Scales with your organization	Cheaper when you’re starting out
Easily handle complexities of tracking programs, services, and multiple funding streams	Not designed with nonprofit accounting processes in mind
Produce sophisticated budgets, incorporating scenario analysis and encumbrances	Designed for simple purchasing workflows
Reporting tools designed from the ground-up for nonprofits, with regular updates to meet the needs of nonprofits and associations	Simple reports for entry level users
Flexible multi-dimensional chart of accounts	na
Enforce internal controls that are important for audit preparation	na
Provides a comprehensive audit trail	Build your own audit trail
Designed around nonprofit FASB standards – no work arounds or compromises	Designed to support small business accounting practices
Speak to a real person when you have questions	Call an answering service for support

Take charge of your organization’s financial story

Is your organization ready to move to the cloud? Enjoy industry-leading MIP in our best-in-class modern interface – entirely in the cloud.  

With more than 30 years as the industry leader for fund accounting, MIP Cloud is a truly innovative, best-of-breed solution. Built from the ground up specifically for the modern nonprofit.

From the general ledger and accounts payable to payroll, human resource management and more, you can choose the features you need today with the flexibility to add more as your organization grows. 

MIP has modules that grow with you, unlike Quickbooks, so you get a future-focused solution that’s ready to grow with your organization.

Many nonprofit organizations are reporting to dozens of funders.  Is your fund accounting tool designed to pull reporting analytics in a concise, timely fashion?

If not, the time lost to your organizations can be significant, eating into opportunities to grow and expand your impact.  

Ready to get started with true fund accounting?

Learn more about fast, professional & scalable fund accounting