Sage MIP Fund Accounting has been adapting to the ever changing needs of nonprofit organization for over 20 years. The section below provides a brief narrative on the various Sage MIP Fund Accounting modules. Sage is continuously enhancing the MIP Fund Accounting system though technology innovation and by incorporating the suggestions of its user base.
Sage MIP Fund Accounting- Modules
Accounts Payable
Set up and track an unlimited number of payable accounts, simultaneously update vendor accounts in the general ledger, and view payments throughout the system.
Accounts Receivable
Track your customers, donors, and their receivables. Maintain comprehensive customer records, create customer statements, and create payment requests.
Advanced Security
Give the right people secure and convenient access. Control entry and viewing access by individual program, department, and general ledger code for secure, distributed use of the system.
Allocations Management
Automate how you calculate, review, and generate entries across your complex allocations. Ensure compliance with OMB Cost Principles and limit allocations to avoid over-charging grantors.
Bank Reconciliation
Simplify how you reconcile your cash accounts for all transactions. Monitor your bank balances and cash transactions, and track discrepancies within the system.
Budget
Create, plan, and monitor customized budgets for your grants, programs, departments or cost centers. Generate reports, establish service level performance goals for your programs, and perform unit cost breakdowns.
Data Consolidation
For organizations that have chapters, local offices or field locations that maintain their own accounting books day-to-day, it can be difficult for the headquarters to see aggregate and comparative reports. The Data Consolidation module makes it easy to generate organization-wide consolidated reports from independent locations that use their own Sage MIP Fund Accounting database to produce aggregate financial statements, generate comparative reports and others for more effective decision-making.
Data Import/Export
Facilitate the transfer of information from third-party software to and from your Sage MIP Fund Accounting system. Import virtually any type of data and eliminate duplicate entries.
Direct Deposit
Gain more control over payroll disbursements and give your employees the convenience of electronically-deposited pay.
Electronic Funds Transfer
Issue vendor payments electronically for an efficient, inexpensive alternative to paper checks. Automatically send payment notifications to vendors via e-mail.
Electronic Requisitions
Check for available budget prior to making a request or granting approval. Route requests through the appropriate chain of approval, monitor requests, and create requisition reports.
Encumbrances
Reserve budget numbers for planned expenditures and financial commitments. Optimize tracking and compliance to administer and report on encumbered funds.
Fixed Assets
Track assets, easily calculate depreciation, and allocate depreciation and disposal entries in the general ledger.
Forms Designer
Customize almost any printed form, add logos to customer billing statements, and utilize auto-signatures for check authorization.
GASB 34
Gain a flexible, table-driven chart of accounts structure, a built-in check writer, and a complete financial reporting tool. Track cash receipts, cash disbursements, journal vouchers, and other types of transactions.
General Ledger
Gain a flexible, table-driven chart of accounts structure, a built-in check writer, and a complete financial reporting tool. Track cash receipts, cash disbursements, journal vouchers, and other types of transactions.
Grant Administration
Monitor spending, track grantor details, and forecast expenditures for remaining periods within a grant. View outstanding invoices and measure program effectiveness for grantors, volunteers, and other constituents.
Inventory Control
Verify up to the minute quantities available with tight integration to Purchasing and Accounts Payable, Requisitions for internal warehouse functions or Sales Order Entry for Accounts Receivable tracking.
Multicurrency
Maintain an unlimited number of active currencies, rates, and rate types to create, process, revalue and produce FAS52 compliant financial statements.
NightShift Scheduler
Run your scheduled tasks at user-defined intervals during times of reduced network traffic, or schedule tasks ahead of time to spend less time producing reports and posting transactions.
Payroll
Track employee service efforts, produce timely and accurate pay, and generate distributed accounting entries. Maintain detailed profiles for your employees and create an unlimited number of customized payroll codes.
Purchase Orders
Use item codes to speed purchase order entry, check your budget to ensure available funds, and collect and report on the information you need for purchasing policies.
Sales Order Entry
Easily enter and fulfill orders of inventory and non-inventory items, including service charges.
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