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 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
Course Level: Advanced
Instructional Method: Self-Study (virtual trainer plus comprehensive training guide)
Recommended CPE Credits: Not Eligible for CPE
Access Period: One Year from Purchase
Estimated Time to Complete: One Hour
This self-study course covers how to create a Client Consolidation file for each of the client organizations that are to be combined. The participants will learn how to create the consolidation organization. The requirements of the client organizations as well of those of the consolidation organization are covered in detail. The course also outlines the Maintain Accounting selections available in the consolidation organization and provides an overview of the available aggregated reports.
Note: In order to complete the class activities, a special training database, only available to On Premise customers, must be installed prior to the start of your session. Hosted customers my follow the process outlined in the training manual. Important instructions are included with your registration confirmation.
Course Level: Basic
Prerequisite: Accounts Receivable Billing
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
This recorded session covers creating and fulfilling sales orders. Participants will learn how to set up the Order Entry module and how the module integrates with Accounts Receivable Billing. Participants will also learn how to enter a quote and commit a sales order for cash sales or sales on-account, and print accounts receivable invoices. Cancelling orders and processing customer returns are also covered. The course concludes with a discussion of various sales order related reports.
By the end of the session, you will be able to:
- Enter cash and charge sales orders
- Complete an order fulfillment form
- Cancel a sales order and enter customer returns
- Print invoices and create accounting transactions
- Identify reports for sales order reporting
Course Level: Basic
Prerequisites: None
Instructional Method: Self-Study (virtual trainer plus comprehensive training guide)
Recommended CPE Credits: Not Eligible for CPE
Access Period: One Year from Purchase
Estimated Time to Complete: One Hour
This self-study course covers how to create custom forms that add a personal touch to communications and reduce costs. Using a check as an example, you will learn all the tools available for customizing forms. These tools can be applied to invoices, customer statements, purchase orders and more.
By the end of the session, you will be able to:
- Select the appropriate Forms Designer template
- Add custom text, signatures, and logos to a custom format
- Modify the data displayed on a custom format
- Add or modify a MICR field on a check
- Import a custom layout
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 Accounting Purchase Orders and FA205 – MIP 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
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.
Course Level: Intermediate
Prerequisite: General Ledger Transaction Entry
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class
Published: 01/2018
In this course, participants learn how to create asset codes to track individual assets, depreciation and warranty information. Participants also learn how to enter assets during transaction entry of accounts payable invoices or while entering cash disbursements; transferring depreciation calculations to the general ledger; and disposal of assets. The course concludes with a discussion of various fixed asset reports.
By the end of the session, you will be able to:
- Set up the Fixed Assets module.
- Create and modify assets.
- Use the Fixed Assets quick entry form.
- Calculate, review, adjust, dispose, and transfer depreciation.
- Generate reports on Fixed Assets.
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 receivable cycle. Learn how to create customers, enter invoices and credit memos, and process cash receipts and prepayments.
This course focuses on daily processing tasks in the Accounts Receivable Reporting module. For additional training, and to learn more about creating invoices and personalizing customer statements, attend the “FA208 MIP Accounting Accounts Receivable Billing” course.
By the end of the session, you will be able to:
- Set up default customer discount and prepayment information
- Create a customer
- 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
- Evaluate accounts receivable balances using aging, summary, and detailed reports
Course Level: Basic
Prerequisite: General Ledger Transaction Entry, MIP Accounting Accounts Receivable Processing
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class
Attend this class to learn how to take advantage of advanced receivable features. 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, attend the “FA207 – MIP Accounting Accounts Receivable Processing” course. To learn how to create your own customer statement formats attend the “FA226 – MIP 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
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 Accounting Purchase Orders” and “FA205 – MIP 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
