RE: MIP Fund Accounting

How much does it cost to purchase and implement MIP Fund Accounting?
What is the break-down cost of licenses, maintenance and support, installation, customization, data migration and training?

administrator Vice Professor Asked on July 3, 2024 in Accounting.
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1 Answers

Software price

MIP Fund Accounting offers a range of pricing plans to suit different business sizes and needs. The starting price for MIP Fund Accounting is $3,000 per year for a single user license. For 10 users, the cost is approximately $10,000 per year, while for 100 users, it is around $50,000 per year. For larger organizations with 1,000 users, the cost can go up to $150,000 per year. Global enterprise pricing is available upon request.

Plans compared

MIP Fund Accounting offers different plans based on the number of users and features required. The plans include core accounting features, fund management, budgeting, reporting, and compliance tools. The higher-tier plans offer advanced functionalities such as grant management, payroll processing, and advanced reporting capabilities.

Plans fit

The single-user plan is suitable for small nonprofits or start-ups with basic accounting needs. The 10-user plan is ideal for growing organizations with multiple departments or locations. The 100-user plan is best for mid-sized nonprofits with complex accounting requirements. The 1,000 user plan caters to large organizations or government agencies with extensive fund management needs. The global enterprise plan is designed for multinational organizations with complex accounting and reporting structures.

Other cost

Implementation cost for MIP Fund Accounting varies based on the size and complexity of the organization, ranging from $2,000 to $10,000 on average. Customization costs are optional and can range from $500 to $5,000 depending on the level of customization required. Training costs also vary, with an average of $500 to $2,000 per user based on the plan selected.

One time fees

MIP Fund Accounting does not require specific hardware or servers, but there may be additional costs for data migration or integration with existing systems. One-time fees for these services can range from $1,000 to $5,000. Other costs may include annual maintenance fees, which are typically 20% of the license cost.

Alternatives compared

Compared to alternatives such as QuickBooks Nonprofit, Blackbaud Financial Edge NXT, and AccuFund Accounting Suite, MIP Fund Accounting offers competitive pricing for mid-sized to large nonprofits and government agencies. While some alternatives may have lower starting costs, MIP Fund Accounting provides a comprehensive set of features for fund management and compliance.


With its range of pricing plans and features, MIP Fund Accounting offers good value for mid-sized to large organizations in the nonprofit and government sectors. While it may have higher starting costs compared to some alternatives, the software’s robust capabilities and scalability make it a worthwhile investment. I would give MIP Fund Accounting a pricing grade of 85 out of 100.

Vice Professor Answered on July 3, 2024.
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