Kashoo vs. MIP Fund Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Kashoo
Score 4.9 out of 10
N/A
Kashoo is a simple cloud-based double-entry accounting platform for small businesses. It is mobile-accessible and features include receipt capture, automated invoicing, tax preparation, financial reports, banking, and expense management features.
$324
per year
MIP Fund Accounting
Score 8.7 out of 10
N/A
MIP Fund Accounting™ is a configurable fund accounting solution. The solution includes functionality for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, and dashboards for nonprofits and government agencies.N/A
Pricing
KashooMIP Fund Accounting
Editions & Modules
Kashoo
$324
per year
No answers on this topic
Offerings
Pricing Offerings
KashooMIP Fund Accounting
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
KashooMIP Fund Accounting
Considered Both Products
Kashoo
Chose Kashoo
Wave Accounting has the UI and UX down perfectly. Their reporting is nice as well, but I felt like things were a little more customizable in Kashoo, so they have the upper hand there.
Chose Kashoo
Way back when, I used Microsoft Money to manage my business and personal work. They changed things often, bank downloads stopped working, and it really wasn't well suited for business anyway. So when my laptop died, I gave up on it.
Quickbooks was next, but I was overwhelmed …
Chose Kashoo
No yearly license fees with Kashoo lifetime plan and it includes a mobile app and mobile integration with the desktop version. I can do everything I need to do in Kashoo so there is no need for bloated old Quickbooks.
Chose Kashoo
  • Better Price, QuickBooks can get pricey
  • Equivalent Functionality
  • Better documentation (QuickBooks has lots of outdated and confusing documentation online)
Chose Kashoo
Kashoo works well and has all the features I need. Wave does not allow for reconciliation and does not do reporting. Quickbooks Online is very expensive and does not have all the features that Kashoo has.
MIP Fund Accounting
Chose MIP Fund Accounting
I've had limited use of Quickbooks, but I think MIP Fund Accounting is far superior with the options and capabilities
Chose MIP Fund Accounting
We have looked into other programs such as Classy and GiveGab/Greater Giving. While the customization on the forms for those alternatives are better, the prices for those programs are just too high.
Chose MIP Fund Accounting
I've utilized other ERP accounting software like Infor, NetSuite, and MS Dynamics, to name a few. MIP Fund Accounting offers flexibility and room for growth while not being overly heavy on your team to maintain it. And, we're now learning more about the add-on's and more …
Chose MIP Fund Accounting
Abila MIP Fund Accounting was already in place with the Agency I am currently employed with, when I started my position there. I was able to teach Sage to myself, but Abila has been a little bit more complex as far as that goes, at least in my opinion.
Chose MIP Fund Accounting
While I feel Sage Intacct is a good software, it does not suite the needs of the organization the way MIP does. As I had mentioned, the Knowledgebase that MIP Fund Accounting has is an incredible tool that makes it so much easier for us to find solutions and to get the help we …
Chose MIP Fund Accounting
Much better user interface and menu structure.
Chose MIP Fund Accounting
I only used CATALYST Accounting software for a few months but thought it was very cumbersome, especially at year-end when a hard close was needed.
Chose MIP Fund Accounting
We chose MIP Fund Accounting for a better cost especially for non-profit industry over Quickbooks.
Chose MIP Fund Accounting
Our county still has EDEN - we use MIP for our grant and contract tracking because MIP is much more flexible to track the Data and run reports from. EDEN is impossible to do the kind of tracking that we need to track and bill our grants and contracts.
Chose MIP Fund Accounting
MIP Fund Accounting is the only financial software program that I have used for the purpose of consolidating financial data, and it seems to perform that function with a minimal learning curve. My employer is a non-profit entity. MIP Fund Accounting is built to function for …
Chose MIP Fund Accounting
That was so long ago it's hard to remember. I think we looked at Blackbaud back in 2004.
Chose MIP Fund Accounting
I prefer MIP to the other software I have been exposed to based on cost, ease of use, and functionality. I have tried Blackbaud about 14 years ago and was not impressed as it was hard to use and not intuitive at all. As for quickbooks, I have not used that program in mane …
Chose MIP Fund Accounting
MIP Fund works well such as one competitor I have used before. Adapting to other online program software systems is the only thing I can think of that MIP could do better. But primarily as a non-profit with little time on hand and always overworked, a simpler software program …
Chose MIP Fund Accounting
I did not initiate the purchase of MIP. The software has been within the organization more than five years.
Chose MIP Fund Accounting
MIP HR Management works well for us because MIP was able to help us on personalizing the software according to our needs for better performance.
Chose MIP Fund Accounting
Compared to other software I've used, MIP is by far the most user friendly and easiest to operate that've I've seen. Reports are easy to run, and I love being able to narrow down the information to only pull specific items.
Chose MIP Fund Accounting
The HRA used RealPage (I'm not sure if it is actually the one listed above), and it did not work well. I'm not sure if it wasn't set up well, designed for larger property management companies, or just not good software, but it did not suit our needs at all. We chose a different …
Chose MIP Fund Accounting
We are in the very first stages of looking at alternative accounting software. Abila MIP Fund Accounting was implemented at our organization before I started and our organization has now outgrown the system.
Features
KashooMIP Fund Accounting
Customization
Comparison of Customization features of Product A and Product B
Kashoo
8.5
Ratings
11% above category average
MIP Fund Accounting
-
Ratings
API for custom integration7.00 Ratings00 Ratings
Plug-ins10.00 Ratings00 Ratings
Security
Comparison of Security features of Product A and Product B
Kashoo
9.7
Ratings
15% above category average
MIP Fund Accounting
-
Ratings
Single sign-on capability9.50 Ratings00 Ratings
Role-based user permissions10.00 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Kashoo
9.2
Ratings
15% above category average
MIP Fund Accounting
-
Ratings
Dashboards9.10 Ratings00 Ratings
Standard reports9.50 Ratings00 Ratings
Custom reports9.00 Ratings00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Kashoo
8.0
Ratings
3% above category average
MIP Fund Accounting
-
Ratings
Accounts payable8.00 Ratings00 Ratings
Accounts receivable8.00 Ratings00 Ratings
Cash management8.70 Ratings00 Ratings
Bank reconciliation8.00 Ratings00 Ratings
Expense management9.50 Ratings00 Ratings
Time tracking10.00 Ratings00 Ratings
Multi-currency support8.00 Ratings00 Ratings
Regulations compliance10.00 Ratings00 Ratings
Self-service portal10.00 Ratings00 Ratings
Global Financial Support7.50 Ratings00 Ratings
Primary and Secondary Ledgers7.90 Ratings00 Ratings
Intercompany Accounting8.00 Ratings00 Ratings
Localizations5.50 Ratings00 Ratings
Journals and Reconciliations7.90 Ratings00 Ratings
Enterprise Accounting5.00 Ratings00 Ratings
Configurable Accounting7.00 Ratings00 Ratings
Standardized Processes7.10 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Kashoo
10.0
Ratings
26% above category average
MIP Fund Accounting
-
Ratings
Pricing10.00 Ratings00 Ratings
Order entry10.00 Ratings00 Ratings
Credit card processing10.00 Ratings00 Ratings
Cost of goods sold10.00 Ratings00 Ratings
Best Alternatives
KashooMIP Fund Accounting
Small Businesses
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 8.9 out of 10
QuickBooks Online
QuickBooks Online
Score 8.3 out of 10
Medium-sized Companies
Zoho Books
Zoho Books
Score 9.0 out of 10
Sage Intacct
Sage Intacct
Score 8.6 out of 10
Enterprises
Oracle Fusion Cloud Enterprise Performance Management
Oracle Fusion Cloud Enterprise Performance Management
Score 10.0 out of 10

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
KashooMIP Fund Accounting
Likelihood to Recommend
2.1
(0 ratings)
8.7
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.5
(0 ratings)
Usability
4.0
(0 ratings)
8.3
(0 ratings)
Availability
-
(0 ratings)
10.0
(0 ratings)
Performance
-
(0 ratings)
8.7
(0 ratings)
Support Rating
1.0
(0 ratings)
8.5
(0 ratings)
In-Person Training
-
(0 ratings)
10.0
(0 ratings)
Online Training
-
(0 ratings)
8.0
(0 ratings)
Implementation Rating
-
(0 ratings)
6.1
(0 ratings)
Configurability
-
(0 ratings)
8.4
(0 ratings)
Ease of integration
-
(0 ratings)
9.6
(0 ratings)
Product Scalability
-
(0 ratings)
8.1
(0 ratings)
Vendor post-sale
-
(0 ratings)
9.7
(0 ratings)
Vendor pre-sale
-
(0 ratings)
8.9
(0 ratings)
User Testimonials
KashooMIP Fund Accounting
Likelihood to Recommend
It is great for a small company or sole proprietorship. It is simple and easy and allows you to do your bookkeeping without taking too much of your time. It would not be ideal for a company that needs to track inventory.
Read full review
MIP Fund Accounting works very well for general fundraising. The form creation process is easy and allows you to set parameters and add fees, quantities, images, etc. This process is smooth on the customer (forward-facing) side as well. Reports are generated once the transactions have gone through, making tracking and reconciliation with accounting easy.
Read full review
Pros
  • Mobile app for scanning expenses.
  • Straight to the point actions.
  • Clean user interface (better than the QuickBooks icons!).
  • Importing bank transactions with no upcharge.
  • Receive credit card payments with no credit check.
Read full review
  • General Ledger processing, including journal entries and reports
  • Ability to download all reports directly to Excel and PDF formats
  • Use of Grant codes to enable grant reporting by month/quarter/year
  • Ability to have multiple departments and consolidate into groups for reporting
  • Accounts Payable and Accounts Receivable cannot be out of balance
  • Multiple ways to use the product including Cloud and Classic options, Visual menu or Standard (Top of screen) menus to select processes, many options we are not using in our simple organization
Read full review
Cons
  • The UI is not nice at all - even with a UI refresh, it still didn't look that great
  • The UX is rough as well - it's not as easy to use until you get used to it - high learning curve
Read full review
  • With the payroll process, if there is an error in sending the stubs through email, there is no option to resend without a restore. That really needs to change.
  • Being able to void encumbrance at the same time as a PO would be an incredible time saver.
  • When processing W2 the system deletes info.
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Likelihood to Renew
No answers on this topic
I give MIP a 10 because Our organization use MIP Fund Accounting ever since I've been there and that's been for over 20 plus years for all of our accounting and payroll. MIP has stayed on the cutting edge of technology, ever evolving to meet the needs of the times, especially post pandemic, while many are working remotely! MIP support staff are very knowledgeable and efficient. Even new users can get up to speed quickly with MIP Fund Accounting.
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Usability
Kashoo is by far the most intuitive and easy to use accounting/bookkeeping solution I've tried, and after using it for several years I'm pleased that it delivers a consistent experience. No surprises, it just works. I don't want to spend any more time than I have to attend to bookkeeping, and Kashoo allows me to do just that.
Read full review
I don't know what it would be like in the for-profit arena, but for the non-profit arena, it is an excellent product. I love how you don't actually have to close years and are able to get information that spans over the year-end. And the grant tracking is excellent too. It is just an excellent accounting system.
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Reliability and Availability
No answers on this topic
I have rarely encountered any issues accessing MIP Fund Accounting over the years. On the rare occasions when availability was interrupted, the reasons were always found in-house when using the on-premises version. Since we have migrated to the MIP cloud, we have had no issues with availability. Any maintenance or updates are always communicated to us and are usually done outside of business hours.
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Performance
No answers on this topic
MIP Fund Accounting is an important asset for performing search queries. If I had to do a historical search query without MIP Fund Accounting, I very well might have to pull data from three different programs, turn each piece into like-data myself, and then consolidate it all down into interpretive data. MIP Fund Accounting does it all by itself and has a wide array of ways to filter down as specifically or broadly as you want for any given query.
Read full review
Support Rating
They were not helpful in resolving my issue on the change to my lifetime deal, and I am not happy with their support. They didn't care at all
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I have not reached out to MIP for technical support; however, their website offers great help resources so I can solve an issue on my own. Another team member reached out to MIP for support and was helped quickly. The transition process took longer than expected due to a lag in communication.
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In-Person Training
No answers on this topic
There are no specifics on what happens if you make one choice or another to know which is the best selection. This is true for JVs and AP. In training we were not given specifics of what happens when one possibility is selected over another.
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Online Training
No answers on this topic
The training with Laura was amazing. She had answered all our questions and customized the training to our needs that we are working with and trying to address using MIP accounting. The only thing I wish that could come out of the trainings was to have permanent access to the recordings of our paid trainings we received. They recordings of the training only last for a short time before it goes away which makes it hard to go back and re-watch and learn.
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Implementation Rating
No answers on this topic
Again, I was not directly involved with the planning and setup of the software. However, I was involved in training my staff during the implementation phase. As with any software implementation, consistency of training is key and a willingness to seek out help from Customer Support helps tremendously to insure accuracy of information and training.
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Alternatives Considered
Wave Accounting has the UI and UX down perfectly. Their reporting is nice as well, but I felt like things were a little more customizable in Kashoo, so they have the upper hand there.
Read full review
I've utilized other ERP accounting software like Infor, NetSuite, and MS Dynamics, to name a few. MIP Fund Accounting offers flexibility and room for growth while not being overly heavy on your team to maintain it. And, we're now learning more about the add-on's and more advanced capabilities to leverage with our team.
Read full review
Scalability
No answers on this topic
MIP is easy to install and use on my work laptop. I can still use the software when travelling for work or when working from home. It is always reliable and effective. This applies to other people on our organization as well. Employees who need access to the MIP database are able to access it from their desktop computers or laptops
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Return on Investment
  • Kashoo has allowed us to manage our finances in a simple way
  • Helps us figure out if we are making money or losing it
  • Affordable than some other accounting tools
Read full review
  • When used, it also visibility to how we are using our allotted Government funds. It allows us to make sure we are being efficient with those dollars.
  • MIP Fund Accounting allows us to be more accurate in posting expenses. It allows us to be sure of which accounts are we are posting to. We can pull those accounts in real time and make sure that our entries are having the desired effect on the accounts involved.
  • MIP Fund Accounting allows accountability in that we can see who posted what, when they posted, and to which accounts they posted.
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ScreenShots

MIP Fund Accounting Screenshots

Screenshot of MIP Advance™ Dashboards with drilldownScreenshot of MIP™ Transactions WorkflowScreenshot of MIP DashboardsScreenshot of MIP DashboardsScreenshot of MIP Dashboard drilldownScreenshot of MIP Transactions