Recently voted as best overall nonprofit accounting software by financial managers nationwide, Sage MIP Fund Accounting software from ProSoft Solutions is the preferred nonprofit financial management solution.
Sage MIP Fund Accounting from ProSoft Solutions:
- Easy to use and learn
- Excellent reporting capability that provides unlimited custom reports easily
- Customizable for your specific needs
- Implementation by an experienced team of CPA's and professionals
- A scalable system that will grow with you
- Easily integrates and shares data with other systems
- Microsoft SQL database driven provides a stabile, state-of-the art, 32 bit, ODBC database
- Stability and integrity of a seasoned partner
- Excellent support
- Cut hours or days off your reporting cycle. Create the reports you need within the system, instead of manipulating data with external spreadsheets or fighting with complex external report-writing tools.
- Customize the chart of accounts to access data quickly and easily for more efficient tracking and reporting.
- Automate transaction entry with a variety of tools including memorized transactions, preset distributions, and entry defaults, to boost productivity and reduce errors.
- Use the dynamic Drill-down Analyzer to "drill-down" to review the individual transactions that make up the balances on reports.
- Make it easy for auditors to verify financial statement accuracy by maintaining a clear audit trail.
Organizations can't afford to jeopardize crucial funding by failing to deliver on the stringent accountability and reporting requirements. Our nonprofit accounting software provides a flexible, built-in report writer that helps you easily create reports to meet the varying requirements of funding sources, internal management, and your Board.
- Produce a wide selection of standard financial management reports, such as FASB-compliant, audit-ready financial statements.
- Report on multiple fiscal years in the same report or create custom reports that cross fiscal years.
- Format custom reports to your exact specifications.
- Write dynamic financial statements directly in the application, without the help of a programmer or consultant.
- Create your own report templates. Set up an unlimited number of financial statements, preview them onscreen, and save them for future use.
- Produce worksheets to assist in the compilation of your annual Federal Form 990.
An intuitive navigator interface makes Sage MIP Fund Accounting software from ProSoft Solutions the accounting solution that's easy to learn and use. Application tasks and reports are grouped by accounting function, including easy-to-understand workflow diagrams and checklists. Customize your financial management system to fit your work habits and your mission--not the other way around.
Sage MIP Fund Accounting software from ProSoft Solutions offers wide-reaching budget management and control including the ability to check for available budget online, view budget impact of entries as they're entered, and control whether entries can be posted if they exceed the budget. For more control, you can use this fund accounting software to monitor financial commitments through integrated encumbrance tracking.
Utilize the budget worksheet feature in Sage MIP Fund Accounting to quickly create any budget scenario during the budget preparation cycle or use versions to re-cast your budget to reflect amendments during the period your fiscal year.
- Report on any and all budget versions within your Financial Statements or Budget Reports.
- Utilize budget versions as a forecast tool for "what if" scenarios.
- Recast budgets throughout the year for easy Board reporting.
- Utilize standard variances or create your own for trend reports with the powerful custom column feature.
Integration between fundraising and development, programs and operations and accounting can streamline many of the daily tasks required in successful management. That is why Sage Software from ProSoft Solutions offers a range of seamlessly integrated solutions with Sage MIP Fund Accounting, including a range of Sage Fundraising product options and Sage FAS Nonprofit for fixed asset tracking. In addition, we offer an extensive systems integration program to other software vendors who offer specialized solutions for program support.
To help smaller organizations with limited staff and budgets to access real nonprofit accounting software, we now offer a special bundle option for single seat customers of Sage MIP Fund Accounting. This specially-priced option includes seven basic modules: General Ledger, Budget, Accounts Payable, Accounts Receivable Reporting, Bank Reconciliation, Data Import/Export and Forms Designer. Please contact us for details.
Sage Software from ProSoft Solutions offers nonprofits a flexible, modular accounting system that meets the varied needs of every size and type of nonprofit and government organization. The modular structure of Sage MIP Fund Accounting gives you the freedom to build a system that is customized to your specific needs, paying only for the modules you need today, while maintaining the flexibility to add modules as the organization grows.
Sage MIP Fund Accounting modules build on the core General Ledger module.
Featuring a flexible, table-driven chart of accounts structure, a built-in check writer, and a complete financial report writer, the General Ledger can operate independently from other Sage MIP Fund Accounting modules, or in harmony for a complete accounting solution. Designed for organizations that need to manage high transaction volume or access data from remote sites, the General Ledger tracks Cash Receipts, Cash Disbursements, Journal Vouchers, and other types of financial transactions. With the powerful built-in Report Writer, users can easily create customized financial statements, statements of budgeted revenues, expenditures, and many other reports. The Report Writer offers more than 100 standardized reports that can be printed directly or customized. The General Ledger's unique account structure enables you to track and print reports for individual grants, projects, or programs that meet FASB or GASB reporting requirements.
Grant Administration
Accounts Payable
Accounts Receivable Reporting
Accounts Receivable Billing
Advanced Security
Allocations Management
Payroll
Budget
GASB Reporting
Purchase Orders
Encumbrances
Bank Reconciliation
Fixed Assets
NightShift Scheduler
Forms Designer
Direct Deposit
Data Import/Export
Electronic Funds Transfer for Accounts Payable
Electronic Requisitions
Data Consolidation
Executive View
Multicurrency
Improve your cash flow while managing your nonprofit organization with Electronic Funds Transfer. This function will save your organization time and money. Vendor payments are electronically transmitted allowing for a safe, inexpensive, and predictable payment alternative to paper checks. This module complements Accounts Payable and seamlessly integrates with the General Ledger, providing superior fund tracking for the effective management of your organization.
The Grant Administration module centralizes grant-related information and documentation to simplify the grant administration process. This module maintains comprehensive profiles of each grant to track details, including contact information, reporting periods, indirect cost rates, notes, custom fields, and more. With this module, budget position can be easily monitored to ensure that grant funds are fully utilized. Users can forecast expenditures for remaining periods within a grant, drill down to the details associated with every transaction, and quickly view all activity including outstanding invoices, payments, and credits for each grant.
Set up and track an unlimited number of payable accounts with the Accounts Payable module. An essential module for organizations that need centralized vendor information, the Accounts Payable module automates 1099 processing and the ability to pay vendors from multiple cash accounts. Track and report on vendor payables. Verify balances and issue payments. Accounts Payable transactions simultaneously update vendor accounts and the General Ledger, and enables you to view payments by vendor throughout the system.
For organizations that need to centralize customer information and manage receivables from multiple funding sources, the Accounts Receivable Reporting module provides comprehensive tracking of customers and their receivables while also allowing for complete Donor Management. Accounts Receivable Billing builds on these capabilities, enabling you to create payment requests, receipts, and generate account statements for customers and donors. Invoice as often as you need with multiple custom billing cycles. Calculate billing amounts using flat pricing, variable unit pricing, and more. Accounts Receivable Billing speeds processing and facilitates automated General Ledger entries to multiple projects, programs, and grants. Easily bill grantors or funding agents based on the percentage of allowable expenditures.
Control transaction entry and viewing access by individual program, department, and General Ledger code for secure distributed use of the system with the Advanced Security module. Allow program managers and department heads to monitor their own budgets without exposing other budgets. The Advanced Security module reduces demands for reports from the accounting staff while ensuring accuracy and timeliness of reports and protecting confidential information.
Never use an allocation spreadsheet again! Calculate, review, and generate even the most complex allocation entries quickly and easily with the Allocations Management module. With designated allocation parameters, the Allocations Management module performs your complicated allocations in a single mouse click with accuracy and consistency. Allocations can be performed on virtually any account balance at the program level, department level, or grant level--even fixed or dynamic percentages and unit measures are simple to perform. Allocate across multiple segments at one time. General Ledger entries generated by the Allocations Management module can easily be recalled for review, and a host of reports allow you to view the impact of the allocation prior to accepting it.
The Payroll module provides your organization with a powerful tool for tracking employee service efforts, easily producing timely and accurate pay, generating distributed accounting entries, and keeping comprehensive employee records. Process payroll directly from employee templates, automatically allocate payroll costs, keep an unlimited number of records online to quickly resolve payroll issues, and produce paper and magnetic W-2 filings directly from the system. The Payroll module facilitates tax reporting through tax worksheets, summary tax reports, and detailed tax accumulation histories. A range of new labor reports let you track and report labor hours, quickly view all relevant payroll information for employees in one easy-to-read report, and produce federal worksheets to assist in report preparation.
The Budget module expedites creation and tracking of budgets for your grants, programs, departments, and more, and extends reporting in all these areas. Create an unlimited number of customized budgets simultaneously or individually through direct entry. Save time with entry wizards or generate the current budget based on a previous year's numbers. Create budgets for any timeframe, including multiple year budgets. Calculate custom budget variances utilizing the custom columns feature. Enforce budget controls by checking for available budget with a single click, including encumbrances, during transaction entry. Advanced budget controls let you easily view budget impact and activate warnings or prevent transaction entry to alert you to potential over-spending. Create a custom report on multi-year budgets and grantor budget cycles, or use one of the numerous standard reports. Easily compare budgeted performance measures to actual results for compliance reporting. Use a variety of tools to estimate future periods and calculate forecasted financial position. "What if" analysis for smart decision-making becomes a cinch.
Governmental agencies and entities have specific reporting responsibilities as indicated by the Governmental Accounting Standards Board (GASB) Statement Numbers 34 & 35. This module was created specifically for government customers that must be GASB compliant. The GASB Reporting module includes pre-formatted reports, including the audit-ready FASB and GASB financial and accounting reports required by funding sources and auditors. Tailor the system to fit your organization's needs, adding to the system as your needs evolve. All Sage MIP Fund Accounting modules are fully integrated with the General Ledger and complement each other for a complete fund accounting solution. Specialized modules help you meet your unique accounting challenges effectively and easily.
The Purchase Orders module combines easy-to-use purchase order entry with strong reporting to offer a complete purchasing solution. Assign buyers, track the dates items are promised for delivery, keep track of requisitions that authorize certain purchases and much more - all within the Purchase Orders system. Speed purchase order entry by utilizing item codes to facilitate the storage of item descriptions, standard quantities, pricing, and account coding. Adhere to your organization's purchasing policies by tailoring purchase orders to collect and report on the information you need, and stay within your budget using the one-click budget check within the system before issuing a purchase order.
Easily reserve funds for planned expenditures and financial commitments with the Encumbrances module and improve your internal tracking and external compliance for administering and reporting on encumbered funds. Rather than using spreadsheets to try and get an accurate picture of your budget position, the Encumbrances module allows you to include encumbrances in budget reports, budget checking, and inquiry so that you can closely monitor your budget performance. Encumbrance Analysis Reports utilize encumbrance summary and detail ledgers, aging report, and purchase tracking (with the Purchase Orders module) reports. View encumbrance amounts for comparison or include encumbrances as part of your expenditures.
The Bank Reconciliation module simplifies the reconciling and monitoring of your cash accounts. Fully integrated with the General Ledger, any check, voucher, deposit, or adjustment to cash that is posted in the system is immediately available for reconciliation. You can reconcile an unlimited number of cash accounts independently and as frequently as needed. The Bank Reconciliation module also enables you to track suspense items such as bank errors or disputed transactions until resolved, rather than recording unexplained entries in the General Ledger. Whether investigating a vendor's lost check or a customer's deposit, know if the item has been recorded in your system and whether it has cleared the bank.
The Fixed Assets module provides your organization with a powerful tool for tracking assets, easily calculating depreciation, and automatically allocating depreciation and disposal entries in the General Ledger. Maintain detailed asset records, including standard asset fields such as cost and estimated useful life, plus additional tracking fields such as tag number, location, responsibility, warranties, purchase information, and notes. Assets are grouped by category and type to facilitate depreciation calculation, entry generation, and reporting.
Finding time for printing reports or processing data can be difficult on a busy system. The NightShift Scheduler module reduces the load by producing reports or posting transactions during times when there is less network traffic. NightShift works behind the scenes, polling the database and running scheduled tasks at user-defined intervals. Pick a job to do, enter a task name and description, as well as a date and time for the task to run, and NightShift takes over the process. Single tasks, multiple tasks, or recurring tasks can all be scheduled ahead of time.
The Forms Designer module allows you to customize virtually any printed form. Add a logo to your customer billing statements, utilize an auto-signature for check authorization, or even generate your own check stock. The Forms Designer module helps you get the most out of your Sage MIP Fund Accounting system by adding power and flexibility to other key modules.
The Direct Deposit module works with the Payroll module to help you exercise more control over payroll disbursements while giving your employees the convenience of electronically deposited pay. Allow your employees to deposit pay into multiple bank accounts, including both checking and savings account types. And since you designate when payments are taken from your account, cash flow is more predictable. Process both checks and direct deposits in a single payroll processing step, while the audit trail clearly tracks payment type issued to employees.
The Data Import/Export module facilitates the transfer of information to and from the accounting system, eliminating time-consuming double-entry and errors from data entry. Bring data such as timesheets from timekeeping software, cash receipts from point-of-sale systems, and accounts receivable transactions from specialized billing systems into the system during the initial setup to establish chart of accounts codes, vendors, and beginning balances; or on a recurring basis to bring accounting entries from other applications. Export reports to Excel and other applications.
Improve your cash flow while managing your nonprofit organization with Electronic Funds Transfer. This function will save your organization time and money. Vendor payments are electronically transmitted allowing for a safe, inexpensive, and predictable payment alternative to paper checks. This module complements Accounts Payable and seamlessly integrates with the General Ledger, providing superior fund tracking for the effective management of your organization.
Electronic purchase requisition offers purchase request entry and approval. The tracking system is powerful and easy-to-use, allowing an end-to-end solution for complete fund management. Check the available funds in grants, programs, departments or other segments, prior to making requests. Requests are routed through proper chain of approval in your organization for a complete management system.
Data Consolidation facilitates the transfer of information to and from the fund accounting system. Import and export data from other software into the system during the initial setup to establish charts of accounts codes, vendors, beginning balances and other critical data. The Data Consolidation feature allows you import data on a recurring basis to bring in accounting entries from other applications, such as Excel spreadsheets, timekeeping data, cash receipts from POS systems, AR from specialized systems and others, into your Sage MIP Fund Accounting System.
Give your executives, key directors and board members access to financial reporting, graphs and the real-time data they need with Executive View licensing. This special license provides the ability for executives to collaborate in the budget preparation process and frees your accounting staff from running and distributing specialized reports - all without the costs of purchasing full software seats.
Maintain an unlimited number of active currencies, rates and rate types to create and process transactions in any number of currencies with this powerful and comprehensive FAS 52 compliant Multicurrency module. Re-value cash, AP and AR as often as needed while leveraging easy to use entry tools to reduce data entry errors and maintain data consistency when entering transactions of depositing foreign currency checks in a Functional Currency bank account. Generate FAS 52 compliant reports quickly with the powerful, easy-to use report writer of produce translated financial statements as needed.
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