Replacing an introductory accounting solution like QuickBooks with a mid-market product such as MIP Fund Accounting is one of the most important decisions a nonprofit will make. And one of the most difficult.
Upgrading to an objectively superior solution like MIP sets a nonprofit up for sustained growth driven by accounting excellence. But it also comes at a higher cost, involves an extended transition period, and means abandoning the familiarity of QuickBooks. The difficult question facing nonprofit leaders is whether they’re overdue for an upgrade or fine with what they have?
JMT Consulting has worked with 2,000+ nonprofits over multiple decades, including countless clients seeking the right accounting software. We are vendor agnostic. We are not neutral, however. And in our experience, nonprofits will eventually outgrow QuickBooks and require a purpose-built solution like MIP.
If you’re on the fence about which product to trust with your nonprofit’s finances, explore five key differences between MIP and QuickBooks. You know what your nonprofit needs. Now find out which product delivers.