FA225 – MIP Fund Accounting Electronic Requisitions

Course Level: Basic
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class

Electronic Requisitions allows organization employees to submit requests for goods and services electronically and route the requests through multiple approval levels. Processing requisitions electronically saves time and resources.

Course participants will learn how to set up users and security as well as apply item and category codes (used in Purchase Orders) to requisitions. The course will also cover the submission, approval, or rejection process, as well as requisition management. Applying approved requisitions to Purchase Orders and relevant reports are also discussed. 

For additional training, and to learn more about creating purchase orders and processing accounts payable, attend the FA224 – MIP Fund Accounting Purchase Orders and FA205 – MIP Fund Accounting Accounts Payable Processing courses.

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

  • Set up requisition users and security rights
  • Create approver hierarchies
  • Create, submit, approve, and reject requisitions
  • Manage requisitions
  • Apply final approved requisitions to purchase orders
  • Research and review requisition history

FA229 – MIP Fund Accounting Introduction to Allocations Management

Course Level: Advanced
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class
Published: 06/2021

In this course participants will learn how to create and process allocation codes and print pre-allocation financial reports. Participants will also learn how to utilize the multiple calculation methods available and how to create sequential allocation calculations. Various allocation reports will be discussed.

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

  • Create an Allocation code.
  • Create an Allocation calculation.
  • Process an Allocation calculation.
  • Check the Allocation by running appropriate reports.

FA224 – MIP Fund Accounting Purchase Orders

Course Level: Intermediate
Prerequisite: Encumbrances attendance or encumbrances proficiency
Instructional Method: Group Internet Based
Recommended CPE Credits: 3
Three-Hour Class

In this course, students will explore the complete purchase cycle, from adding item codes, to issuing a purchase order, to creating an accounts payable invoice. Students will also be shown how to create a purchase order with encumbrances, receive the items, adjust the receipt if necessary, and then apply it to an invoice. Canceling purchase order items, voiding a purchase order, and a discussion of relevant reports are also covered in this class.

For additional training, and to learn more about working with encumbrances and processing accounts payable, attend the “FA223 – MIP Fund Accounting Encumbrances” and “FA205 MIP Fund Accounting Accounts Payable Processing” courses.

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

  • Create item codes for frequently purchased goods and services
  • Categorize items for easy application to purchase orders
  • Define shipping and billing locations
  • Print a purchase order
  • Automatically create encumbrances with a purchase order
  • Save time by applying a purchase order to an accounts payable invoice
  • Cancel and void purchase order items
  • Research and review purchase order history

FA223 – MIP Fund Accounting Encumbrances

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 “FA224 – MIP Fund Accounting Purchase Orders” and “FA205 – MIP Fund Accounting Accounts Payable Processing” courses.

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

MIPC206 – MIP Cloud Accounts Payable Analysis

Course Level: Basic
Prerequisites: MIPC305 – MIP Cloud Accounts Payable Processing or FA205 – MIP Fund Accounting Accounts Payable Processing
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two Hour Class

In this course, we will practice analyzing errors found in the Accounts Payable module. We begin with a discussion of available report categories, then a review of the corrections toolkit. Afterward, we will review several common accounts payable issues and the resolutions to each. Lastly, we’ll discover what features in the software can be used to prevent data entry errors.

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.
  • List three common accounts payable issues and their solutions including methods to troubleshoot to find a resolution.
  • What features in the software can be used to prevent data entry errors with memorize documents, user defaults, and organization specified entry date controls.

MIPC221 – MIP Cloud Bank Reconciliation

Course Level: Basic
Prerequisite: Participants must have access to the web component of MIP Cloud prior to class.
Recommended Prerequisite: MIP314 – MIP Cloud Dashboards & Analytics
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two Hour Class
Published: 03/2024

This course covers how to reconcile General Ledger cash accounts with the corresponding bank statements. Participants will learn how to clear Checks/Vouchers, Deposits, and Other Cash Items. They will discover when to create and how to clear Suspense Items. The information on the Summary page will be explored. The session concludes with a discussion of available reports.

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

  • Access the bank reconciliation module and establish required permissions
  • Create and use reconiliation IDs
  • Use each tab of the reconcile cash accounts form
  • Determine which reports are available for the module

MIPC207 – MIP Cloud Accounts Receivable Processing

Course Level: Basic
Prerequisite: Participants must have access to the web component of MIP Cloud prior to class
Recommended Prerequisite: MIPC314 – MIP Cloud Dashboard & Analytics
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two Hour Class
Published: 03/2024

This course will cover processing skills that improve accuracy and save valuable time throughout the accounts receivable cycle. Learn how to create customers, enter invoices, and enter A/R receipts, credit customers, as well as generate reports.

After completing this course, you will be able to:

  • Create and edit customer records
  • Create accounts receivable invoice sessions
  • Use techniques to streamline invoice entry
  • Post accounts receivable invoice sessions
  • Enter accounts receivable receipts
  • Credit customer accounts with AR credits
  • Identify accounts receivable reporting options

MIPC205 – MIP Cloud Accounts Payable Processing

Course Level: Basic
Prerequisite: Participants must have access to the web component of MIP Cloud prior to class.
Recommended Prerequisite: MIPC303 – MIP Cloud Basic Transactions: Recorded Session
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two Hour Class
Published: 03/2024

This course covers learn time-saving techniques for processing and reporting accounts payable transactions in MIP Cloud. Working through a series of real world lessons, you will learn each step in the accounts payable cycle from creating vendors, to entering invoices, to printing checks. You will also explore reporting options and how to use the Accounts Payable dashboard to assess your organization’s complete payable picture.

After completing this course, you will be able to:

  • Create and edit vendor records
  • Create accounts payable invoice sessions
  • Use techniques to streamline invoice entry
  • Post accounts payable invoice sessions
  • Select invoices for payment
  • Identify accounts payable reporting options
  • Use the Accounts payable dashboard to evaluate payable performance

MIPC208 – MIP Cloud Accounts Receivable Billing

Course Level: Basic
Prerequisite: General Ledger Transaction Entry, MIP Cloud Accounts Receivable Processing
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class
Published: 11/2023

Attend this class to learn how to take advantage of advanced receivable features in MIP Cloud. This course focuses on using the Accounts Receivable Billing module. The Accounts Receivable Billing module seamlessly integrates with the Accounts Receivable Reporting module providing more options for reducing costs and improving service. Learn how to set up sales taxes, generate and print customer invoices, and prepare customer statements.

For additional training, and to learn more about daily processing tasks in the Accounts Receivable Reporting module, complete the “MIPC307 – MIP Cloud Accounts Receivable Processing” course. To learn how to create your own customer statement formats complete the “FA326 – MIP Fund Accounting Forms Designer” course.

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

  • Create sales tax authorities and sales tax codes
  • Apply sales taxes to taxable customers
  • Print accounts receivable invoices
  • Edit printed but unposted accounts receivable invoices
  • Void posted accounts receivable invoices

MIPC206 – MIP Cloud Accounts Payable Analysis

Course Level: Basic
Prerequisites: MIPC305 – MIP Cloud Accounts Payable Processing or FA205 – MIP Fund Accounting Accounts Payable Processing
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two Hour Class

In this course, we will practice analyzing errors found in the Accounts Payable module. We begin with a discussion of available report categories, then a review of the corrections toolkit. Afterward, we will review several common accounts payable issues and the resolutions to each. Lastly, we’ll discover what features in the software can be used to prevent data entry errors.

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.
  • List three common accounts payable issues and their solutions including methods to troubleshoot to find a resolution.
  • What features in the software can be used to prevent data entry errors with memorize documents, user defaults, and organization specified entry date controls.