School Accounting Software
School Accounting Software Built for Your Institution
Purpose-built school fund accounting software for managing federal funding, compliance requirements, and lean finance teams. Trusted for 40+ years.
Benefits
Compliance. Security. Transparency. Always.
Be audit-ready with MIP Accounting’s robust audit suite. From our built-in audit trail to internal controls and view-only licenses, we give your organization the tools to ace your financial audits.
Benefits
Bring on better financial clarity for your education institution.
Fund accounting for schools involves federal grants, categorical funding, state mandates, and annual audits — all managed by a team that rarely has enough hours to do so. MIP Accounting by Momentive Software is built to handle the complexity, so your team doesn’t have to.
Fund accounting flexibility built for education — track Title I, grants, and district funds separately
Stop managing Title I, IDEA, food service, and capital funds across disconnected spreadsheets. Momentive keeps every funding source separate, traceable, and compliant — in one flexible chart of accounts.
Compliance and audit readiness for federal and state requirements
Compliance with Single Audit requirements, 2 CFR Part 200, state-mandated GASB reporting, and a complete audit trail is built into every transaction, so your team walks into every audit prepared.
Board and administrator-ready reporting
150+ built-in report templates cover everything your district is required to produce, from SEFA to per-pupil expenditure reports to board presentations.
Automation for lean school finance teams
Automated payroll allocation, bank reconciliation, and vendor payment processing eliminate the manual work that costs your finance team hours every week, freeing them to focus on strategic work.
Features
Everything your school finance team needs in one platform.
Purpose-built platform for the funding structures, compliance requirements, and reporting obligations of school finance.
Fund and Grant Accounting
The structure that federal funding requires
Mixing categorical funds, federal grants, and general operating dollars creates an audit risk. MIP Accounting’s segmented chart of accounts keeps every fund separate and traceable, with validation rules that enforce correct coding at the point of entry. GASB-compliant financial statements and federal expenditure reports generate directly from the system.
Budget Management
Built for school year cycles, grant periods, and everything in between
District budgets don’t follow a simple annual cycle. Grant periods overlap fiscal years, categorical funds expire on federal timelines, and mid-year adjustments are constant. Build unlimited budgets across any time frame, enforce spending controls by fund, and run what-if scenarios when state funding shifts or enrollment projections change.
Financial Reporting and Insights
Every report your district requires
From Schedule of Expenditures of Federal Awards (SEFA) to per-pupil expenditure reports to fund-by-fund board presentations, Momentive’s 150+ built-in templates cover the full range of education reporting requirements. Build custom reports for your district’s specific needs, Drill Down to transaction-level in seconds, and automate delivery to administrators, board members, and state agencies.
Accounts Payable and Automated Payments
Vendor payments that don’t create audit exposure
Momentive Automated Payments, powered by Corpay, processes ACH, EFT, and virtual card payments with the fund-level coding your programs require. Every payment posts automatically to the correct grant or program, with a complete audit trail from invoice to disbursement.
Payroll and HR Management
Your largest expense line, allocated correctly every time
Personnel costs are your largest budget line and the most error-prone to allocate. Momentive Software connects payroll directly to fund accounting and automatically distributes salary and benefit costs across Title I, the general fund, and special programs, eliminating duplicate entries and manual end-of-month reconciliation.
Audit-Ready Security and Compliance
Ready for federal monitors before they call
Maintain a tamper-evident audit trail across every transaction, enforce role-based access by program and fund, automate indirect cost allocation, and issue view-only licenses to your finances. When a monitor asks for documentation, your answer is a few clicks away, not a few days.
Trusted by educational institutions across the country.
FAQ
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Account more. Report more. Thrive more.
Momentive’s MIP Accounting handles intricate financial processes and supports finance operations to boost efficiency, improve visibility, and bolster operations. Bring on Better for your organization’s finances.
