The Best Accounting for Government
When it comes to government and public administration, your agency is obligated to closely manage expenditures and funds. Increase operational and financial efficiency, gain real-time insight into financial standing and generate greater returns with MIP Fund Accounting Manage your books, account for complex financial processes, and streamline human resources with our single software platform. MIP Fund Accounting is a true partner that supports your municipality’s financial needs, increases efficiency, all while ensuring your data is secure.
When it comes to GASB-compliant software, we’ve got you covered. MIP can allocate funds according to regulations to meet GASB 34 requirements. Our robust report-writing features allow you to get key financial statements such as Statement of Activities, Cash Flows, Net Position, and more, all within a few clicks. MIP can also help you build your Comprehensive Annual Financial Report.
MIP has the functionality you need to make accounting easier. With MIP you can report and budget based on custom timeframes and across multiple years, produce financial statements for various segments including funds and grants, departments, general ledger, services, locations, projects, and more, and still maintain the ability to report on your finances as a whole. Keep separate, balanced books for each fund, and easily classify expenses according to function.
Create and report on an unlimited number of budgets and versions like requested, proposed, approved, adopted. Effortlessly copy one budget version to a different version as it moves through the legislative process. Even add attachments like cover letters or justifications. Finally, collaborate with your stakeholders. Decentralize the budget and send it to your relevant municipal partners to incorporate their budgets.
Easily segment, pay, and track transactions. For utility billing, bill out to and manage customers within the system and handle more complex billing needs in partnership with CUSI’s utility billing platform.
Cash Management, Treasury, Bank Reconciliation
Import cash management information from your existing POS system into MIP, and improve cash management by closely monitoring bank balances and transactions using the Bank Reconciliation module. Create custom receipts through unique fields.
Requisitions & Purchasing
Improve the availability of information for prepurchase decision making with Electronic Requisitions. Review the impact of current requests with our one-click budget checking tool. Receive notifications via email of status changes to requisition requests.
What Municipalities Need to Succeed
Together with CUSI’s utility billing platform, MIP is a comprehensive solution that tracks, reports, and manages finances to comply with complex government requirements, integrates with billing and payment management and work assets. With MIP, you have the ability to:
Ready to improve your government agency fund accounting software?
Improve your accounting processes and government agency engagement today with MIP® and Community Brands. Want to learn more? Contact us today to talk to one of our representatives.
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Try out our fund accounting software for yourself.