MIP vs. Quickbooks
MIP Fund Accounting Software
The Purpose-Built, Best Alternative to Quickbooks for Nonprofit Organizations 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 Quickbooks 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.
MIP vs. QBO Comparison
|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 reporting 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||N/A|
|Enforce internal controls that are important for audit preparation||N/A|
|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?
Take a look at how MIP Fund Accounting can help your organization, click here for a demo.