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Sage MIP Fund Accounting Shows Real-Time Program Costs

Sage Software has announced that youth organizations across North America continue to choose its Sage MIP Fund Accounting software for nonprofit financial management. Youth organizations, such as Boys and Girls Clubs of Tucson, Girl Scout Council of Southeastern Massachusetts, and Team-Up for Youth, count on Sage MIP Fund Accounting to track and report on multiple funds across multiple budget periods; plan and manage budgets; maximize grants; and quickly produce accurate customized reports.

“Sage MIP Fund Accounting allows everyone in our organization – from our CEO and board of directors, to our program managers to get information at their individual level of required detail,” said Susan Charlebois, accountant for Girl Scout Council of Southeastern Massachusetts in Middleboro, Mass., a Sage Software customer since 2001. “The training curve for new users is minimal, and the system bends to what we need, not the other way around. The ability to e-mail information directly from Sage MIP Fund Accounting is outstanding.”

In all, hundreds of youth organizations across North America benefit from Sage MIP Fund Accounting on a daily basis, as they strive to demonstrate accountability and transparency to their constituents. The solution continues to be easy-to-use, while powerful reporting tools, table-driven charts of accounts, and a dynamic Drill-down Analyzer make it easy for auditors to verify the accuracy of these nonprofits’ financial statements.

“As with any nonprofit, being able to demonstrate accountability and transparency is critical,” said Brenda Hudson, comptroller for Team-Up for Youth in Oakland, Calif., a Sage Software customer since 2007. “Sage MIP Fund Accounting's user-friendly qualities and great audit trails enable us to provide funders and potential donors with detailed reports and financial statements. More specifically, using the software's Allocation Management module, we are able to give 'real-time' program costs, including direct and overhead expenses.”

Likewise, all youth organizations are focused on effective budget management. “Being able to utilize our funds as efficiently as possible helps us achieve our mission,” added Hudson. “With other software, we were limited to entering one budget for the entire year. Sage MIP Fund Accounting lets us enter multiple budgets for all our different programs. Another great Sage MIP Fund Accounting feature is the ability to manage our temporarily restricted grants to ensure budget compliance.”

The majority of youth organizations do not rely greatly on federal grant funding, but most do receive foundation grants. Effective grant tracking and reporting on outcome measurements can improve an organization's competitive position when seeking new grants.

“I’ve been working with nonprofits since 1990, so I was thrilled when I started using Sage MIP Fund Accounting to track grants and use the information to invoice them monthly,” said Diane Martin, finance director for Boys and Girls Clubs of Tucson in Tucson, Ariz., a Sage Software customer since 1995. “I assign a new number to each grant year, and then capture the history. Because the software is so detail-oriented, I track costs by funds, grants, programs, and location, and then run reports for internal departments, the board of directors, and the auditors. I can provide as much detail as needed, or group the income and expenses into categories, for those who don’t want all the details.”

Although much of the staff at Girl Scout Council of Southeastern Massachusetts works outside the office, Sage MIP Fund Accounting helps them have the same access to information as the organization’s in-house staff. “Any budget-driven organization can benefit from the software if they want to see real-time, on-demand data against their budget, either in a report, online, or in spreadsheet or PDF format,” added Charlebois. “I can modify financial reports from last year to create a new set of reports, yet the original report remains intact.”

For 25 years, Sage Software has been helping nonprofit organizations further their missions and better serve constituents through the use of technology. Sage MIP Fund Accounting and the range of Sage Fundraising product choices enable nonprofit organizations, regardless of size and budget, to select a solution that best fits their needs. Sage MIP Fund Accounting earned a coveted 2005 Campbell Award from Campbell Rinker for its exceptional ratings in the Nonprofit Accounting Software Survey, a nationwide survey of accounting software users.

For more information about Sage MIP Fund Accounting or other Sage Software Nonprofit Solutions, visit www.sagenonprofit.com or call 800–647–3863.

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