Wednesday, June 7, 2017

Form 990 Key Reports-MIP Spotlight

  1. Form 990-Part VIII-Statement of Revenue
  2. Form 990-Part IX-Statement of Functional Expenses
  3. Form 990-Part X-Balance Sheet
  4. Form 990-Part XI-Reconciliation of Net Assets
  5. Form 990-Part 1-Summarized Statement of Revenues and Expenses
  6. Form 990-Schedule A-Schedule of Support
  7. Form 990-Schedule B-Schedule of Contributors
Let us help you to maximize your use of the MIP Form 990 report writer application.   Our firm and staff use MIP Fund Accounting on a daily basis so let us help you maximize the use of this powerful application.

The MIP worksheets are for Form Form 990, Part 1, Part VIII, Part IX, and Part X.  While this supporting documentation is preset, it does require you to assign the proper setup during the chart of account setup.   Another more flexible option is to use the financial and transaction reports to setup whichever tax form you need and use the report writer.


Monday, May 1, 2017

Abila MIP Fund Accounting Report Writer - Application Spotlight


  1. Setup Grant specific reporting formatting
  2. Group chart of accounts segments
  3. Board and Management Financial Reporting
  4. Date and Formula based custom columns
  5. Setup report formats to produce graphs and charts
  6. Produce financial reports for auditor including statement of functional expense
  7. Product trend reports by month, by quarter, and by year
Let us help you to maximize your use of the report writer application.   Our firm and staff use MIP Fund Accounting on a daily basis so let us help you maximize the use of this powerful application.

The grant specific reporting would be to setup a custom statement format.   The report group feature allows you to group the various chart of accounts segments.   The balance sheet and statement of revenues and expenditures are typically used to produce board and executive management reporting.  The custom column feature on certain report templates allows to to setup custom columns.  You can setup chart and graph formats directly from within the report writer.   We typically provide the statement of functional expense and schedule of federal awards for our clients including numerous other auditor reports.  The revenue and expenses by period report allow you review trends based on different historical periods.

Contact us to see what we can do to help your financial reporting using MIP Fund Accounting.