3 Reasons Non-Profit Companies Select Abila MIP Fund Accounting™ & Abila MIP Advance™
Recently, I had a question from a non-profit client about fund accounting options. As a certified non-profit consultant, I represent Abila MIP Fund Accounting™ & Abila MIP Advance™ so luckily, they came to the right place. We reviewed the limitations they were encountering with QuickBooks Online. It didn't take long until we discovered they were outgrowing QBO and it was time for a change.
In fact, it's very common for non-profit companies to outgrow off-the-shelf bookkeeping tools like QuickBooks. In this case, this non-profit was collecting revenue from many sources such as multiple grants or "other" sources. It was clear they were having difficulty tracking income by funding source. Since QuickBooks Online didn't have this capability, there were too many complexities to manage manually. It became extremely cumbersome tracking functional categories and other unique aspects of each transaction.
Here are the 3 major reasons this client selected our accounting consultant for non-profit software and Abila MIP Fund Accounting™
3 Benefits of Abila MIP Fund Accounting™ & Abila MIP Advance™
- Flexible Reporting Models: Albia's robust, table-driven multi-dimensional chart of accounts allows even the most complex nonprofit financial reporting models such as grants, divisions, locations, objects, funds, and employees. Albia was built from the ground up to address the specific requirements of nonprofit fund accounting for Non-Profit Organizations.
- Multiple Deployment and Licensing: You can install Abila either locally (on-premise), or in the cloud. You also have flexible licensing options and can purchase as a subscription or (SaaS). Abila MIP Fund Accounting™ (on-premise) and Abila MIP Advance™ (cloud) are the two editions available.
- API Integration: Another huge benefit is the integration through API. API integration gives you access to a very large and mature ecosystem. You can add extra functionality such as Accounts Payable Automation, Document Management and a host of other developer products.
We will be happy to share more information on Abila MIP Fund Accounting™ & Abila MIP Advance™.
If you have any questions, please contact us, call 760-618-1395 or email us at email@example.com and we will be happy to help.
At WAC Solution Partners, Mike Renner is an Abila Certified Business Partner and support provider based in Indio, CA.
Mike's experience with ERP and non-profit fund accounting spans over 25 years. He supports Abila MIP Fund Accounting™ & Abila MIP Advance™ and Sage 100. Mike is also a Sage Certified Trainer and a recognized leader in the design, implementation, and support of ERP systems, including Abila MIP Fund Accounting™ & Abila MIP Advance™ and Sage.
Another version of this blog was previously posted here: What is Abila MIP Fund Accounting™ & Abila MIP Advance™