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.
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: 1
One Hour Class
Published: 03/2024
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.
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 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.
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
Course Level: Intermediate
Instructional Method: Group Internet Based
Recommended CPE Credits: 3
Three-Hour Class
Published: 01/2024
Budgets allow users to monitor fiscal performance and control expenditures. This session demonstrates the powerful tools available with the MIP Accounting Budget Module. Participants will learn about budget versions and budget controls. You will create Budget worksheets utilizing an intuitive budget wizard. Learn how to modify, revise and transfer a completed budget worksheet. You will also practice monitoring budget amounts and creating budget reports.
By the end of the session, you will be able to:
- Create multiple budget versions and assign a primary budget
- Establish appropriate budget controls
- Enter budget amounts
- Create and update budgets efficiently with the Budget Worksheet wizard
- Review budget performance and results
Course Level: Basic
Prerequisites: none
Instructional Method: Group Internet Based
Recommended CPE Credits: 1
One-Hour Class
Published: 01/2024
This class 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. They will also explore information on the Summary page. The session concludes with a discussion of summary, detail, default, and customized reports.
Course Level: Basic
Prerequisites: None
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class
Published: 01/2024
One of the key requirements of accounting software is the ability to retrieve and view your data the way it makes sense to you. MIP Accounting provides unique and powerful reporting tools that allow you to do just that. This course provides an overview of reporting capabilities and structure. You will participate in hands-on activities that will familiarize you with using default reports and creating your own custom reports.
For additional training, and to learn more about reports and financial statements, attend the “FA216 – MIP Accounting Financial Statements” and “FA217 – MIP Accounting Advanced Financial Statements” courses.
By the end of the session, you will be able to:
- Identify the information available in List, Transaction, and Analysis reports
- Use Navigator to quickly access your favorite reports
- View and print default reports
- Modify the content and design of reports
- Filter reports for specific information
- Define date selections for reports
Course Level: Basic
Prerequisites: General Ledger Transaction Entry
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two Hour Class
Published: 01/2024
In this course, we will discover three report categories for reporting on vendor
information: Vendor Lists, Vendor Payments, and Vendor Analysis. After learning how to use
these reports, we will apply that knowledge to troubleshoot two case studies. Finally, we will
review available tools to make corrections through lessons on copy and reverse and void
checks. Throughout the course, look for tips included to help you protect your organization
against fraud.
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.
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.
- Correct A/P transactions
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 payable cycle. Learn how to create vendors, enter invoices and credit memos, process payments, and view vendor balances. This course focuses on daily processing tasks in the Accounts Payable module.
For additional accounts payable training, and to learn more about distributing payments via electronic funds transfer and creating your own check formats, attend the following courses.
- FA210 – MIP Accounting Accounts Payable Reporting and Troubleshooting
- FA372 – MIP Accounting EFT for AP: Recorded Session
- FA326 – MIP Accounting Forms Designer: Self-Study
By the end of the session, you will be able to:
- Create a vendor
- Set up vendor 1099 information and enter 1099 adjustments
- Rename or merge vendors
- Create accounts payable invoices and apply credit memos, manual payments, and system generated payments
- Use advanced coding reduction tools to reduce data entry
- Review and edit unposted system generated payments
- Review vendor balances and transaction history
- Evaluate accounts payable balances using aging, summary, and detailed reports
