MIPC321 – MIP Cloud Bank Reconciliation: Self-Study

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: 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: Two Hours

This self-study 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

Topics start at these timestamps:

1:07 Confirming User Permissions for Bank Reconciliation
4:32 Reconciling a Cash Account: Overview & Navigation
9:13 Activity: Creating a New Bank Reconciliation
15:16 Checks & Vouchers Tab
19:12 Deposits Tab
23:16 Other Cash Items Tab
25:05 Suspense Items Tab (Temporary Reconciling Items)
38:59 Locking & Unlocking a Reconciliation
40:53 All Items Tab
42:56 Running the Combined Reconciliation Report
47:21 Document Date vs. Effective Date in Bank Reconciliation
50:11 Bank Feed Feature (Finicity Integration)
58:46 Bank Reconciliation Reports (Cleared & Outstanding by Tab)

MIPC307 – MIP Cloud Accounts Receivable Processing: Self-Study

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: 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: Two Hours

This self-study 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

Topics start at these timestamps:

5:30 Chart of Accounts Requirements for AR (AR vs. ARO Account Types)
8:05 Managing the Customer List (Sorting, Filtering, Searching)
9:24 Modifying, Renaming & Deleting Customer Records
11:23 Merging Duplicate Customers
13:02 Activity: Creating a New Customer (Required Fields, Status, Type & Class)
19:46 Customer Record Tabs (Address, Billing & Discounts, Accounting Codes, Notes, Attachments, Email, UDFs)
27:30 Activity: Entering an AR Invoice (Session, Document Detail & Transaction Grid)
41:07 Recording AR Receipts (Payment Application & Bank Reconciliation)
49:49 Activity: Entering an AR Credit Memo
55:16 AR Reports: Favorites, Aged Receivables, Viewing & Exporting
1:00:56 Unposted & Posted General Ledger Reports for Sessions

FA372 – MIP 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 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

FA331 – MIP Accounting Data Consolidation: Self-study

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.

FA327 – MIP Accounting Sales Order Entry: Recorded Session

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

FA326 – MIP Accounting Forms Designer: Self-Study

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

MIP Cloud Microix Workflow for Requesters

Course Level: Basic
Prerequisite: Participants must have a reliable internet connection,up-to-date web browser (i.e., Google Chrome, Safari, Firefox, and Microix Workflow Modules Modern license )
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 will help you learn how to navigate and use requisitions within the Microix Workflow Modules Modern system at your organization. The lessons in the required class will focus on navigation and essential tasks, such as creating and submitting requisitions, and managing and editing documents.

MIP Cloud Microix Workflow for Approvers

The Microix Requisition module enables users to create purchase and payment requests electronically and submit them for approval. This streamlines the process, reduces data entry errors, and ensures approvals happen efficiently.

MIP Cloud Microix Workflow for Administrators

This self-study course will empower administrators with the essential competencies to configure, maintain, and oversee the Microix Requisitions Module.