New Budget Worksheet

Budget entry is made simple with the new budget worksheet. Create your budgets in a new columnar budget template.

• Spread annual budgets monthly
• Utilize spreadsheet formulas
• Include comparative columns
• Performance budgeting
• Include budget justifications
• Generate current year budget amounts based on history
• Budget any timeframe

Collaborative Budgeting

Strong management capabilities and ease of use allow for direct entry budget submissions from multiple departments or program managers. Extend budgeting tools to the program or department level with individual worksheets for each.

• Easily consolidate budgets for review using the new budget worksheet report
• Account Level Security can be applied within the budgeting process so that only key personnel for each program enter & monitor budget performance
• Lock approved budgets

Unlimited Number of Budget Versions

• Create and maintain an unlimited number of budgets simultaneously
• Easily record budget amendments while retaining historical records
• Demonstrate the lifecycle of your active budget from preliminary to adopted to amended in a single report
• For Pro and Advantage

Budget Controls

Easily view budget impact of the current transaction you've just coded in the system with the Budget module.

• Whether your programs and grants extend six months, twelve months, eighteen months or more, you can easily verify available funding for each program
• Define your critical budget segment to identify the active budget period to activate warnings that can prevent entries that would result in an over-budget situation
• Check at the individual account level or a summary group of accounts such as "personnel expenses"
• Quickly check for available budget before committing funds
• View budgeted amounts, dollars spent and committed. Encumbrances are included in the budget check!

Budget Reporting

Budget reporting capabilities have been expanded to increase your monitoring and compliance toolset.

• Calculate custom budget variances utilizing the new custom columns feature
• Performance budget reports. Easily compare budgeted performance measures to actual results
• Similar reports have been combined to give maximum reporting flexibility from a single reporting source. The Budget Analysis reports have been combined into the new more powerful Summary Budget Comparison report

With multiple funding sources and varying budget spans the MIP Fund Accounting report-writer will allow you to easily generate budget to actual reports for any timeframe.

Forecasting

Project remaining actual amounts for a forecasted picture of year project to date budget position. "What if" analysis becomes a cinch.

Grant Administration Module

New Module now available!

• Maintain comprehensive profiles of your grants from application through close-out. Track grantor details including contact information, reporting periods, indirect cost rates, notes, custom fields and more!
• Monitor grant related expenditures, view budget position, and drill-down to source documents including application, award notice, and progress reports.
• Scan and file all grant related documents. Organize documents into pre-award, post award, and close-out records. Easily access these documents for secure viewing within the system.

Custom Columns

Custom column building tools now available in reports.

• Custom calculations allow you to easily generate custom budget variance figures, forecasted results, average expenditures and more
• Report on comparative information for time period with new columnar date parameters

User-defined Fields

Flexible, powerful user-defined fields allow you to customize the system. Functionality for user-defined fields has been extended.

• Track and report user-defined fields for employees, A/R invoices, charge codes, budgets and more.
• Configure business rules to set automatic flow from master record user-defined fields to transactions.
• With the Forms Designer module customize your checks, invoices and purchase orders to include user-defined field information.

Early Payment Processing

Easily apply customer pre-payments and overpayments with new open credits for customers.

New Billing Options

Create payment requests and generate account statements for your customers and donors with accounts receivable billing.

• Invoice as often as you need with multiple custom billing cycles. Calculate billing amounts using flat pricing, variable unit pricing, percentage of taxable charges, and more.
• Streamlined invoice production
• Include freight charges and sales tax where applicable
• Print customer receipts
• Offer customer discounts for fast payments
• Assess finance charges on overdue balances
• Customize invoices with user-defined fields
• Review charge register for comprehensive billing history
• Reprint lost invoices on demand
• Import one-time/recurring charges

Expenditure-based Billing

Easily bill grantors or funding agents based on percentage of allowable expenditures.

Email Reports

Share vital reports immediately. Simply click the email button while previewing reports to distribute.

PDF Report Production

New standard output method for reports.

• Archive electronic copies of your final reports
• Easily publish reports online in PDF format

Check Production Print Order Options

Accounts payable check batches can now be pre-sorted to print in your designated order.

Attachments

Go paperless with the new comprehensive attachments options included in the standard system configuration.

• Scan invoice copies and attach to the coded transaction record
• Maintain comprehensive employee records by attaching resumes, applications, reviews, and more
• Keep track of assets and inventory items with attached picture images

Save Incomplete Entries

If interrupted during batch entry, you can now easily save out-of-balance entries in Batch-To-Suspend status.

Memo Only Entries

Maintain comprehensive records with new memo-only transaction lines.

• Expand description areas by using additional lines
• Record performance data

Open Document Drill-down

Review original transactions in detail with open document drill-down. View transaction history on the original entry form.

Import

Expanded import tools allow you to now import update-only records for master record types (vendors, customers, etc.). Import one-time/recurring charges.

New Look for MIP Payroll & Administration

One Click Navigation, a graphically rich new way to utilize your accounting software, has been extended into the MIP Administration and Payroll applications. The navigator function is designed to offer unprecedented ease-of use and customization.

• The One Click Navigation system is organized into task related navigation panes to facilitate efficient use of the system
• Workflow Diagrams allow you to easily move from one task to the next
• Locate and run your reports with ease with the Report Manager features

Flexible Year-End Reporting

Easily switch from modified accrual to full accrual with the inclusion of year-end adjustments on reports through-out the system.

Dynamic Timesheet Report

New dynamic timesheet report extends the options available to review timesheet information for data-entry accuracy.

Remove Payroll History

Eliminate unneeded payroll history to match your record retention policy and maintain database efficiency.

Shared Report Formats

Easily utilize similar report formats for Statement of Activities and Statement of Revenues and Expenditures as well as the Statement of Financial Position and Balance Sheet.

New Column Selections

Many reports have had new column selections and filter options added to make finding information even more efficient.