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MIP Fund Accounting

MIP Fund Accounting at a glance
VendorMomentive Software (formerly Community Brands)
HeadquartersAustin, Texas, USA
OwnershipMomentive Software, owned by private equity firm TA Associates since 2024
DeploymentCloud (SaaS) or on-premises
Target marketNonprofits, K-12 education, government agencies, healthcare and human services organizations
IndustriesNonprofit, education, government, healthcare and human services
PricingNot published; quote-based, modular licensing
Websitemip.com

Overview

Some organizations manage money by profit center. MIP Fund Accounting is for the ones that manage it by funding source: nonprofits, K-12 school organizations, healthcare and human services providers, government agencies. Tracking of restricted and unrestricted funds, grant budgets and multi-segment reporting aligned with FASB and GASB requirements is the daily work the system is shaped around. It has been on the US market since the early 1980s and is currently sold by Momentive Software.

The company behind it

The name comes from Micro Information Products, founded in Austin, Texas, in 1982. Sage Group acquired the business in 2001 and marketed the software as Sage MIP Fund Accounting and later Sage Fund Accounting. In 2013, private equity firm Accel-KKR carved the nonprofit unit out of Sage and formed Abila, which sold the product as Abila MIP. Community Brands took over in 2017 and restored the MIP Fund Accounting name. Then in mid-2024, TA Associates acquired the nonprofit and association software divisions of Community Brands and launched them as Momentive Software, the current owner. Anyone researching the product will run into Sage MIP, Abila MIP and MIP Accounting in older documentation. All of it describes the same product line.

Core functionality

At the center sits a multi-segment chart of accounts designed for fund accounting, surrounded by general ledger, accounts payable and receivable, bank reconciliation and allocation management. Modules extend that core into grant administration, budgeting, encumbrance tracking, fixed assets, procurement and purchase orders, payroll and human resources. On the output side: audit-ready financial statements, IRS Form 990 support, and dashboards aimed at board and funder communication. Licensing is modular, so organizations activate only the components they need.

Best-fit companies

The target is US organizations that have outgrown small-business accounting tools such as QuickBooks yet have no business running a full commercial ERP suite. In practice that means midsize nonprofits juggling several grants and funding restrictions, charter schools and other K-12 organizations, community health and human services agencies, and local or tribal government entities that require GASB-compliant reporting.

Licensing, hosting, cost

Two deployment models remain available: cloud service or on-premises installation, the latter still relevant for government customers bound by data residency policies. Momentive Software publishes no prices. Quotes follow the module mix, user count and deployment model, and our ERP cost guide gives budgeting orientation for systems in this class.

Editorial verdict

MIP earns its place in finance offices where restricted funds, grant tracking and FASB/GASB reporting are the hard part of the job and a modest IT footprint is a requirement rather than a compromise. It is not a full ERP system: no supply chain, no program delivery layer, which is why larger organizations end up running it beside other applications. Skip it if you want one vendor covering operations end to end, or if a cloud-native user experience ranks above fund accounting depth, because Sage Intacct and Blackbaud Financial Edge NXT will feel more current in a demo. The other item to price in is ownership churn: four brand changes since 2001, the latest under private equity ownership, so push hard on roadmap questions before you commit.

What the MIP Fund Accounting website looks like

Current view of the vendor homepage, captured by our editorial team.

Screenshot of the MIP Fund Accounting vendor homepage

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Frequently asked questions

Is MIP Fund Accounting a full ERP system?

No. MIP is a fund accounting suite with payroll, HR and procurement modules attached, not a complete ERP. Supply chain, inventory-heavy operations and program delivery sit outside its scope, which is why some larger organizations run it alongside other systems. For nonprofits whose central problem is tracking restricted funds and grants, that narrower scope is usually sufficient.

Who owns MIP Fund Accounting today?

Momentive Software, formed in 2024 when private equity firm TA Associates acquired the nonprofit and association software divisions of Community Brands. Before that the product belonged to Community Brands, and earlier to Abila under Accel-KKR and to Sage Group.

Why does the product appear under so many different names?

Because it has changed hands repeatedly since 2001. Sage sold it as Sage MIP Fund Accounting and later Sage Fund Accounting; after the 2013 Accel-KKR carve-out it became Abila MIP; Community Brands restored the MIP Fund Accounting name in 2017. Old manuals, training material and forum threads still use all of those labels for the same product line. The pattern of recurring ownership changes is worth noting when you assess long-term roadmap risk.

How much does MIP Fund Accounting cost?

Momentive Software does not publish list prices for MIP Fund Accounting. Cost depends on the modules selected, the number of users, and whether the organization chooses the cloud or the on-premises edition. Request a formal quote, and budget implementation, training and data conversion services separately.

Can MIP still be installed on-premises?

Yes. The software is offered both as a cloud service and as an on-premises installation, which has become rare in the nonprofit accounting market. On-premise matters mainly for government and tribal entities with strict data residency or procurement rules. The vendor clearly emphasizes the cloud edition, so on-premises buyers should ask about the long-term roadmap for that deployment model before signing.

When is the right moment to move from QuickBooks to MIP?

The trigger is funding complexity, not headcount. Multiple grants with different fiscal years, restricted funds that must be tracked separately, GASB reporting duties that spreadsheets can no longer support: those are the signals. Organizations that struggle in audits or spend days assembling funder reports manually are the common switchers. Document your reporting requirements in writing first, then confirm that the module mix you actually need fits the budget.