Accounting Software for K-12 Schools
MIP Fund Accounting® is accounting for your school’s future. Designed to track unlimited funds and manage your financial books with ease, MIP is the nation’s leading cloud-based, SaaS accounting solution for K-12 institutions, colleges and universities, and childcare facilities across the country. Our accounting software for schools handles intricate financial processes in a streamlined, user-friendly system. Manage your school’s finances, track every fund, and follow every dollar.
With 40 years of experience, MIP is the cloud-based, accounting solution for educational institutions across the country.
Get started with a demo
Core MIP Accounting Modules:
- Accounts Payable
- Bank Reconciliation with Bank Feed
- Budget Management: Allow department heads to participate in the budget process
- Data Import/Export: Easily incorporate financial data from third-party applications like development and giving
- Electronic Funds Transfer
- Forms Designer
- General Ledger
- Grants Administration
- MIP Cloud Dashboards
- Reports Manager
Plus, easily add additional features like purchasing and workflow automations, human resources, payroll, account level security, and other features to fit the needs of your school.
How We Work with Schools
Unlimited Fund Tracking
MIP’s unique, flexible Chart of Accounts structure allows you to track an unlimited number of funds, services, projects, locations, and more, enabling you to create reports that are meaningful for you and your stakeholders while staying compliant with state, county, and federal audit reporting standards.
Comprehensive Reporting
Create reports unique to your school using MIP’s drag-and-drop report editor. Generate your reports directly within MIP without relying on third-party solutions. Use any of the 340-plus robust, dynamic report templates to get the information you’re looking for quickly, and create reports incorporating your tuition and student billing data.
Budget Management
Create and collaborate on unlimited budget versions and build budgets against after-school, lunch, auxiliary programs, and tuition data. Improve staff efficiency with access to financial data in an integrated system and quickly generate budgets to actuals. Create in-depth financial reporting that your school board and administrators can use to make informed, strategic decisions that benefit students.
Improved Team Efficiency
Automate data entry, eliminate errors and save your organization time. MIP makes managing multiple funds simple and you can set the system to handle automatic interfund transfers which multiple funds are used in one transaction. With built-in automation and “two-click” data imports, MIP can increase business office effectiveness and productivity.
Partner-driven Support and Training
As true partners, we stand with you through your MIP journey by offering unlimited support. Our award-winning support team is staffed with experts in nonprofit accounting that treat you as more than just a ticket. Get your staff up and running quickly with informative, complete training opportunities from Community Brands University. Course offerings include an array of classroom-style, online, and self-paced courses, with many eligible for CPE credits.
Integrated Payroll and HR
Track time to allocate payroll by projects, programs, or locations, produce timely and accurate employee pay, and stay compliant with federal and state tax requirements. With an integrated HR solution, easily track employee data like certifications, time off, benefit plans, and more.
Hear From Our Schools
“With MIP, an organization would have the potential to have MIP to process payroll, manage procurement and associated workflows, create budgets for the entire organization, and do all the necessary financial reporting required. It has the ability to be configured to meet the needs of almost any organization.“