[Featuring Dan Wharton | Customer Account Manager, JMT Consulting]
When nonprofit organizations grow beyond a certain size, particularly when they begin to see material revenue from more than one source, the weakness of off-the-shelf bookkeeping tools, such as QuickBooks, becomes apparent. Tracking income by funding source, restrictions, functional categories and other aspects of each transaction becomes unmanageable over time. JMT recommends MIP Fund Accounting to nonprofits that are looking for a cost-effective True Fund Accounting solution that will allow them to meet all regulatory, audit, and funder reporting requirements, but also provide a secure, scalable platform for growth. In this video, we provide an in-depth overview of MIP and its benefits for nonprofit organizations.