FA210 – MIP Fund Accounting Accounts Payable Reporting and Troubleshooting

Course Level: Basic
Prerequisites: General Ledger Transaction Entry
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two Hour Class
Published: 01/2024

In this course, we will discover three report categories for reporting on vendor
information: Vendor Lists, Vendor Payments, and Vendor Analysis. After learning how to use
these reports, we will apply that knowledge to troubleshoot two case studies. Finally, we will
review available tools to make corrections through lessons on copy and reverse and void
checks. Throughout the course, look for tips included to help you protect your organization
against fraud.

For additional training, and to learn more about daily processing tasks in the Accounts Payable module, attend the “FA205 – MIP Fund Accounting Accounts Payable Processing” course.

This course covers topics related to the following modules:

Accounts Payable

By the end of the session, you will be able to:

Create reports for vendor information, payments, and analysis.
Access the vendor balances form and use Accounts Payable Analysis reports to review vendor balances.
Correct A/P transactions

FA205 – MIP Fund Accounting Accounts Payable Processing

Course Level: Basic
Prerequisite: General Ledger Transaction Entry
Instructional Method: Group Internet Based
Recommended CPE Credits: 3
Three-Hour Class

Attend this class to learn processing skills that improve accuracy and save valuable time throughout the accounts payable cycle. Learn how to create vendors, enter invoices and credit memos, process payments, and view vendor balances. This course focuses on daily processing tasks in the Accounts Payable module.

For additional accounts payable training, and to learn more about distributing payments via electronic funds transfer and creating your own check formats, attend the following courses.

FA210 – MIP Fund Accounting Accounts Payable Reporting and Troubleshooting
FA372 – MIP Fund Accounting EFT for AP: Recorded Session
FA326 – MIP Fund Accounting Forms Designer: Self-Study

By the end of the session, you will be able to:

Create a vendor
Set up vendor 1099 information and enter 1099 adjustments
Rename or merge vendors
Create accounts payable invoices and apply credit memos, manual payments, and system generated payments
Use advanced coding reduction tools to reduce data entry
Review and edit unposted system generated payments
Review vendor balances and transaction history
Evaluate accounts payable balances using aging, summary, and detailed reports

FA372 – MIP Fund Accounting EFT for AP: Recorded Session

Course Level: Basic
Prerequisites: General Ledger Transaction Entry
Instructional Method: Recorded Session (recorded instructor led discussion with training guide)
Recommended CPE Credits: Not Eligible for CPE
Access Period: One Year from Purchase
Estimated Time to Complete: One Hour

View this recorded session to learn how to use the Electronic Funds Transfer for Accounts Payable module to save time, money, and the hassle of printing and mailing checks. The module seamlessly integrates with the Accounts Payable module providing more options for reducing costs and improving service. Learn how to distribute payments via electronic funds transfer.

For additional training, and to learn more about daily processing tasks in the Accounts Payable module, attend the “FA205 – MIP Fund Accounting Accounts Payable Processing” course.

After completing this course, you will be able to:

Set up electronic funds transfer banking information
Discuss pre-notes, their creation and use
Add vendor bank information to vendor records
Create vendor payment vouchers
Create an electronic file of vendor payments
Produce reports of vendor electronic funds transfer payments

FA275 – MIP Fund Accounting Core LW

Course Level: Basic

Prerequisites: We recommend a general understanding of product navigation.

Advanced Preparation: None

Instructional Method: Group Internet Based

Training Guide Format: Digital Online/Offline

Recommended CPE Credits: 19

Three Day Class

Published: 8/2020

This intensive 3-day Live Webcast course focuses on primary financial activities, providing a strong foundation for new customers and a broad understanding for more experienced customers. This course is ideal for accounts payable professionals, staff accountants, and the hands-on Chief Financial Officer.

You will learn core features of the general ledger, accounts payable, bank reconciliation, budget, and reporting modules. Study topics include creating and maintaining chart of account codes, processing and correcting accounts payable and general ledger transactions, creating and monitoring budgets, and reconciling bank accounts. You will also learn how to use the powerful built-in reporting tools to create reports and perform analysis.

By the end of the class, you will be able to:

Set up accounting administration (chart of accounts, auto-functions, organization preferences, etc.).
Setup, process and troubleshoot accounts payable.
Enter general ledger transactions, close fiscal years and adjust closed year balances.
Reconcile cash accounts.
Enter and adjust budgets.
Understand basic reporting functions

Registration for this course includes a full featured digital guide. You will be provided instructions and a key to your digital guide prior to class. Please consider the environment before printing your digital guide.