Managing financial transactions efficiently is crucial for nonprofit organizations, and MIP Fund Accounting offers various tools to streamline expense tracking and fund management. Two key features that organizations frequently use are Allocations and Distribution Codes. While both serve essential roles in financial reporting and budget management, they have distinct functionalities. Understanding their differences, pros and...
When to Upgrade to the MIP Fixed Asset Module
When Should Nonprofits Switch to the MIP Fixed Asset Module? For many nonprofits, managing fixed assets in Excel is a simple, cost-effective solution. However, as organizations grow, manual asset tracking becomes inefficient and prone to errors. The MIP Fixed Asset Module offers automation, accuracy, and compliance support that Excel cannot....