Course Level: Basic
Prerequisites: None
Instructional Method: Self-Study (virtual trainer)
Recommended CPE Credits: Not Eligible for CPE
Access Period: One Year from Purchase
Estimated Time to Complete: 5 Minutes
Published: 5/2025
Learning Snippets are short demonstrations of the features and functions you use the most. This Learning Snippet will demonstrate the process of preparing a vendor list and submitting it for setup. We’ll also explain how to designate vendors who should be excluded from Automated payments in MIP Cloud.
Course Level: Intermediate
Prerequisite: General Ledger Transaction Entry attendance or general ledger transaction entry proficiency
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class
Encumbrances help you manage expenditures and control your budget. This course covers how to encumber funds, review balances, and liquidate encumbrances. You will learn the process of creating a manual encumbrance, checking available budget balances, and liquidating encumbrances manually and with an accounts payable invoice. You will also learn about important encumbrance reports.
For additional training, and to learn more about creating purchase orders and processing accounts payable, attend the “MIPC205 – MIP Cloud Accounts Payable Processing” course.
By the end of the session, you will be able to:
- Enter manual encumbrances
- Check encumbrance and budget balances while entering expenditure transactions
- Manually liquidate outstanding encumbrances
- Liquidate encumbrances while entering accounts payable invoices and cash disbursements
Application Consultant Exam/ MIP Cloud Fixed Assets Candidates must score 80% or higher to obtain Application Consultant status.
