Tool profile
MIP Accounting: cost, fit and limits
MIP Accounting is a fund accounting and general ledger product, part of Momentive Software, that nonprofits and associations use for grant reporting, budgeting and purchase order workflows with an unlimited number of funds and FASB and GASB compliant reports.
What to know first
The MIP page lists General Ledger and Fund Accounting, Grant Reporting and Budgeting, unlimited funds, a multidimensional chart of accounts, requisition and purchase order workflows, and reports compliant with FASB and GASB standards. The vendor names no AI, publishes no price and shows no free trial; the calls to action are Request a Demo and Get Started. The page footer says MIP Accounting is part of Momentive Software.
MIP Accounting at a glance
| Maker | Momentive Software Holdco, LLC, Not stated on the vendor pages |
|---|---|
| Free plan | No |
| Entry price | Quote only |
| API access | No |
| Category | Best AI Fund Accounting Software in 2026, rank 5 of 11 |
| Website | mip.com/ |
Who MIP Accounting is best for
Grant-funded nonprofits
Grant reporting and budgeting sit beside the ledger, so a finance manager can report spending against awards without exporting to a spreadsheet.
Organizations reporting to government funders
FASB and GASB compliant reports are named, which matters to nonprofits that receive public money and answer to both reporting regimes.
Teams with purchasing approvals
Requisition and purchase order workflows are named, so program managers can request spend and finance can approve it before the invoice arrives.
MIP Accounting plans and pricing
| Plan | Price | What it includes |
|---|---|---|
| MIP Accounting | Custom quote | No price or tiers are published on the page read; the only calls to action are Request a Demo and Get Started. |
Checked November 2026.
What MIP Accounting does
- General ledger and fund accounting
- The page pairs the general ledger with fund accounting, so fund balances and the main books come from one system. Ask for a trial balance by fund from a demo company to see how fund and general ledger balances reconcile.
- Unlimited funds
- The page states that an unlimited number of funds can be tracked, which removes a cap that smaller ledgers place on grant-heavy organizations. A cap on funds matters to a grant-heavy charity, and the page's wording means it should not need a second ledger.
- Multidimensional chart of accounts
- A multidimensional chart of accounts lets one transaction carry fund, program and other tags, supporting reports by grant and by function. Dimensions beyond fund, such as program or grant year, are not listed, so ask which segments the chart supports.
- Grant reporting and budgeting
- Grant reporting and budgeting are listed as modules of the product, aimed at tracking awards against spending. Ask which report templates come with the product and whether funders can receive them in their own formats.
- Requisition and purchase orders
- Workflows for requisitions and purchase orders are named, adding approval steps before spending commits. Ask how approvals route, who can override them, and whether purchase orders encumber the fund budget.
How MIP Accounting handles your data
The MIP page we read states nothing on data handling, so hosting region, certifications, retention and any use of customer data for AI were not checked. The page footer says MIP Accounting is part of Momentive Software, which means the privacy and security terms of that company would apply. Ask Momentive Software for its security documentation and data processing terms before a pilot.
Where MIP Accounting falls short in practice
- No price or trial. The page offers a demo and a Get Started link only, so a small organization cannot budget or test it before talking to sales. Ask for the cost structure of any demo or pilot, since the vendor discloses none of it.
- Naming differs across properties. The page presents MIP Accounting while its title and social handles still read MIP Fund Accounting, so check which edition a quote covers. Ask the vendor to confirm the exact product name and module list on the written quote.
Alternatives to MIP Accounting
MIP Accounting: common questions
Does MIP Accounting include AI features?
None are named on the MIP page we read. It lists ledger, fund accounting, grant reporting, budgeting and purchase order workflows. A buyer wanting AI invoice coding or anomaly alerts should ask whether the vendor offers them separately, or look at tools that name those features.
Is MIP Accounting the same as MIP Fund Accounting?
They appear to be the same product. The page shows the name MIP Accounting and states it is part of Momentive Software, while the page title and social handles still use MIP Fund Accounting. Confirm the edition and module list in your written quote.
How many funds can MIP Accounting track?
The page states that an unlimited number of funds can be tracked. It also names a multidimensional chart of accounts. It does not describe a technical limit for dimensions, so ask for a demonstration with your number of grants and programs.
Which reporting standards does MIP Accounting mention?
The product page names FASB and GASB compliant reports. FASB governs private nonprofits and GASB governs governmental bodies, so organizations in either group can check the claim. Request a sample statement of financial position and activities before purchase. Ask for a sample statement of activities.
What does MIP Accounting cost?
No price is published. The page offers Request a Demo and Get Started and shows no free trial. A written quote should list the modules, the number of users, implementation fees and the renewal terms, because none are visible beforehand.