MIPC216 – MIP Cloud Financial Statements

Course Level: Basic
Prerequisites: Attend MIPC215
Recommended Prerequisites:
Instructional Method: Group Internet Based
Recommended CPE Credits: 1.5
90 Minute Class

This course builds on the skills learned in Reporting while focusing on creating basic financial statements. Learn the requirements for building custom financial statement formats for the two most common statement types: a balance sheet, and the statement of revenues of expenditures. This course will train users how to take advantage of the default financial statements feature. You will also learn how to create basic custom financial statements, assign general ledger codes to existing formats, and build an entire financial statement format complete with sub-sections.

For additional training, and to learn more about reports and financial statements, attend the “MIPC217 – MIP Cloud Advanced Reporting Functions” course.

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

Print default financial statements
Create custom financial statement formats
Create custom financial reports

FA257 – MIP Fund Accounting Employee Web Services for Managers

Course Level: Beginner
Prerequisites: None

Instructional Method: Group Internet Based
Recommended CPE Credits: 1
One-Hour Class
Published: 06/2021

The MIP Fund Accounting Employee Web Services Module provides a convenient web-based employee portal with efficient automated timesheet management and employee data access. This course is designed for managers using Employee Web Services to review and approve time, leave, and expense entries.

Demonstration Only: Class activities will be demonstrated by the instructor. Participants will be able to view the activities on screen as well as follow along in the training materials as the exercises are performed. Participants will also be able to ask questions interactively.

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

Review and approve time, leave, and expense entries.

Create and send messages to your employees.

FA258 – MIP Fund Accounting Employee Web Services for Employees

Course Level: Beginner
Prerequisites: None
Instructional Method: Group Internet Based
Recommended CPE Credits: 1
One-Hour Class
Published: 06/2021

The MIP Fund Accounting Employee Web Services Module integrates with the Human Resource Management and Payroll modules providing a convenient web-based employee portal with efficient automated timesheet management and employee data access.

This course is focused on employee activities; entering time, leave, and expenses as well as editing personal information.

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

Enter your hours on a timesheet.

Request leave and enter leave taken.

Enter expenses for reimbursement.

Create and send messages to your manager and Human Resources.

MIPC201 – MIP Cloud System Administration

Course Level: Basic
Prerequisite: Participants must have access to the web component of MIP Cloud prior to class.
Recommended Prerequisite: None
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two Hour Class
Published: 03/2024

This course will cover creating an organization’s accounting database, and performing general application housekeeping and administration. You will receive an overview of the structure and design of the components of the database and in-depth information on the utilities that control the database itself and the integrity of the data entry process for the database.

For additional training, and to learn more about daily processing tasks in the Accounts Payable module, attend the “MIPC202 – MIP Cloud Accounting Administration and Setup” course.

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

Navigate within both MIP Cloud interfaces: the modern user interface and the classic user interface.
Create a new organization database and modify organization settings.
Attach encrypted documents in the cloud and manage categories
View available activity and audit logs
Initiate data integrity checks and review the default table structure

MIPC202 – MIP Cloud Accounting Admin and Setup

This course tours the available setup items in your MIP Cloud database as it pertains to your general ledger and reporting. You will learn how to set up chart of account codes and use the model account feature. This is followed by a discussion on features critical to reporting with closing account assignments and offset account assignments. We also include a section on expediting data entry and preventing errors with lessons on distribution codes and account code combinations. Finally, you’ll learn how to attach documents to the available transaction types in the application

For additional training, and to learn more about administrative setup of the application, attend the “MIPC201 – MIP Clooud System Administration” course.

After completing this course, you will be able to:

Create chart of accounts codes, and use model accounts.
Create offset account assignments, closing account assignments, account code combinations and distribution codes.
Distinguish between valid and invalid account code combinations.
List which forms the attachments feature is available for in the application, and demonstrate how to attach documents.

MIPC203 – MIP Cloud Basic Transactions

This course covers entering simple transactions in the general ledger such as journal vouchers, cash disbursements, cash receipts, write checks, and write receipts.

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

Create, edit, view and post basic general ledger transctions.
Discuss the auto-increment feature in the product
Cite considerations for creating session IDs
Produce a receipt of deposit or a write check in the application.

MIPC204 – MIP Cloud Correcting Transactions

Course Level: Basic
Prerequisite: Participants must have access to the web component of MIP Cloud prior to class.
Recommended Prerequisite: MIPC305 – MIP Cloud Accounts Payable Processing
Instructional Method: Group Internet Based
Recommended CPE Credits: 1
One Hour Class
Published: 03/2024

This course covers correcting transactions in the general ledger, using the Accounts Payable module as an example. In this course, we will learn how to correct documents at the session level, or document level, as well as making corrections to the general ledger such as voiding checks or recording check spoilage. These concepts can be applied to multiple modules in the product.

For additional training, and to learn more about daily processing tasks in the Accounts Payable module, attend the “MIPC205 – MIP Cloud Accounts Payable Processing” course.

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

Reverse and copy entire sessions of documents.
Reverse and copy individual documents within sessions.
Void checks or vouchers, and record check spoilage.

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

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.

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