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

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

FA106 – MIP Fund Accounting Finance & Reporting Workshop

Course Level: Basic
Prerequisites: We recommend a general understanding of product navigation.
Instructional Method: Group Live
Training Guide Format: Digital PDF
Recommended CPE Credits: 32
Four Day Class
Published: 11/2023

Our most comprehensive classroom offering, this intensive 4-day course focuses on primary financial activities and reporting, providing a strong foundation for new customers and a broad understanding for more experienced customers. This course is ideal for a wide range of accounting professionals responsible for high level administrative tasks, transaction processing, and advanced financial reporting including, general accountants, staff accountants, financial specialists, 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 daily processing tasks and skills that improve accuracy and save valuable time throughout the accounts receivable cycle. Learn how to create customers, enter invoices and credit memos, and process cash receipts and prepayments.

Then you will experience the powerful built-in reporting tools to create reports, including a deep dive into financial statements, advanced financial statement features, and fiscal year closing activities. Topics Covered: Quick & Default Financial Statements, Financial Statement Formats, Financial Statement Setup, Creating an R&E Financial Statement, Drill-Down Analyzer, Segment Substitution, Reporting on a Fiscal Year Other than The Organizations Fiscal Year, Statement of Cash Flows, Statement of Financial Position, GASB Statement of Activities, Forecasting, and Exporting Reports.

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.
  • Set up and maintain user security.
  • Enter general ledger transactions, close fiscal years, and adjust closed year balances.
  • Reconcile cash accounts.
  • Enter and adjust budgets.
  • Set up default customer discount and prepayment information.
  • Create, rename or merge customers.
  • Enter accounts receivable invoices and apply credit memos and receipts.
  • Enter and apply prepayments.
  • Discuss options for correcting errors.
  • Review customer balances and transaction history.
  • Create and run financial statements.
  • Utilize advanced reporting functions.
  • Create fraud prevention notifications.
  • 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.

    Class is held on Monday from 1:00 – 5:00 p.m., Tuesday, Wednesday, Thursday, 9:00 a.m. – 5:00 p.m. and Friday, from 9:00 a.m. – 12:00 p.m.

    FA106 – MIP Fund Accounting Finance & Reporting Workshop

    Course Level: Basic
    Prerequisites: We recommend a general understanding of product navigation.
    Instructional Method: Group Live
    Training Guide Format: Digital PDF
    Recommended CPE Credits: 32
    Four Day Class
    Published: 11/2023

    Our most comprehensive classroom offering, this intensive 4-day course focuses on primary financial activities and reporting, providing a strong foundation for new customers and a broad understanding for more experienced customers. This course is ideal for a wide range of accounting professionals responsible for high level administrative tasks, transaction processing, and advanced financial reporting including, general accountants, staff accountants, financial specialists, 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 daily processing tasks and skills that improve accuracy and save valuable time throughout the accounts receivable cycle. Learn how to create customers, enter invoices and credit memos, and process cash receipts and prepayments.

    Then you will experience the powerful built-in reporting tools to create reports, including a deep dive into financial statements, advanced financial statement features, and fiscal year closing activities. Topics Covered: Quick & Default Financial Statements, Financial Statement Formats, Financial Statement Setup, Creating an R&E Financial Statement, Drill-Down Analyzer, Segment Substitution, Reporting on a Fiscal Year Other than The Organizations Fiscal Year, Statement of Cash Flows, Statement of Financial Position, GASB Statement of Activities, Forecasting, and Exporting Reports.

    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.
  • Set up and maintain user security.
  • Enter general ledger transactions, close fiscal years, and adjust closed year balances.
  • Reconcile cash accounts.
  • Enter and adjust budgets.
  • Set up default customer discount and prepayment information.
  • Create, rename or merge customers.
  • Enter accounts receivable invoices and apply credit memos and receipts.
  • Enter and apply prepayments.
  • Discuss options for correcting errors.
  • Review customer balances and transaction history.
  • Create and run financial statements.
  • Utilize advanced reporting functions.
  • Create fraud prevention notifications.
  • 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.

    Class is held on Monday from 1:00 – 5:00 p.m., Tuesday, Wednesday, Thursday, 9:00 a.m. – 5:00 p.m. and Friday, from 9:00 a.m. – 12:00 p.m.

    FA106 – MIP Fund Accounting Finance & Reporting Workshop

    Course Level: Basic
    Prerequisites: We recommend a general understanding of product navigation.
    Instructional Method: Group Live
    Training Guide Format: Digital PDF
    Recommended CPE Credits: 32
    Four Day Class
    Published: 11/2023

    Our most comprehensive classroom offering, this intensive 4-day course focuses on primary financial activities and reporting, providing a strong foundation for new customers and a broad understanding for more experienced customers. This course is ideal for a wide range of accounting professionals responsible for high level administrative tasks, transaction processing, and advanced financial reporting including, general accountants, staff accountants, financial specialists, 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 daily processing tasks and skills that improve accuracy and save valuable time throughout the accounts receivable cycle. Learn how to create customers, enter invoices and credit memos, and process cash receipts and prepayments.

    Then you will experience the powerful built-in reporting tools to create reports, including a deep dive into financial statements, advanced financial statement features, and fiscal year closing activities. Topics Covered: Quick & Default Financial Statements, Financial Statement Formats, Financial Statement Setup, Creating an R&E Financial Statement, Drill-Down Analyzer, Segment Substitution, Reporting on a Fiscal Year Other than The Organizations Fiscal Year, Statement of Cash Flows, Statement of Financial Position, GASB Statement of Activities, Forecasting, and Exporting Reports.

    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.
  • Set up and maintain user security.
  • Enter general ledger transactions, close fiscal years, and adjust closed year balances.
  • Reconcile cash accounts.
  • Enter and adjust budgets.
  • Set up default customer discount and prepayment information.
  • Create, rename or merge customers.
  • Enter accounts receivable invoices and apply credit memos and receipts.
  • Enter and apply prepayments.
  • Discuss options for correcting errors.
  • Review customer balances and transaction history.
  • Create and run financial statements.
  • Utilize advanced reporting functions.
  • Create fraud prevention notifications.
  • 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.

    Class is held on Monday from 1:00 – 5:00 p.m., Tuesday, Wednesday, Thursday, 9:00 a.m. – 5:00 p.m. and Friday, from 9:00 a.m. – 12:00 p.m.

    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.

    Class is held each day from 9:00 AM – 4:30 PM CT. A one hour lunch break is included.

    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.

    Class is held each day from 9:00 AM – 4:30 PM CT. A one hour lunch break is included.

    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.

    Class is held each day from 9:00 AM – 4:30 PM CT. A one hour lunch break is included.

    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.

    Class is held each day from 9:00 AM – 4:30 PM CT. A one hour lunch break is included.