MIPC305 – MIP Cloud Accounts Payable Processing: Self-Study

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: 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 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 payables 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

MIPC304 – MIP Cloud Correcting Transactions: Recorded Session

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: Recorded Session
Recommended CPE Credits: Not Eligible for CPE
Access Period: One Year from Purchase
Estimated Time to Complete: One Hour

This recorded session will discuss 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 “MIPC305 – 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.

MIPC303 – MIP Cloud Basic Transactions: Recorded Session

Course Level: Basic
Prerequisite: Participants must have access to the web component of MIP Cloud prior to class.
Recommended Prerequisite: None
Instructional Method: Recorded Session
Recommended CPE Credits: Not Eligible for CPE
Access Period: One Year from Purchase
Estimated Time to Complete: One Hour

This recorded session will discuss 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.

MIPC330 – MIP Cloud User Defined Fields: Self-Study

Course Level: Advanced
Prerequisite: Participants must have access to the web component of MIP Cloud prior to class.
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 show you how to unlock the potential of User Defined Fields and enhance your ability to gather and report customized
organizational data. You will also learn how to create different types of user defined fields and practice applying them to the sample data. How to
easily configure the data type, associated record types, or various characteristics of the UDF will also be covered.

After completing this course, you will be able to:

  • Identify which UDF categories and types are available.
  • Identify which field type characteristics can be assigned to user defined fields.
  • Set up master-type, document-type, and transaction-type UDFs.
  • Enter transactions with UDF values.
  • Return UDF values in a report.

MIPC302 – MIP Cloud Accounting Admin and Setup: Self-Study

Course Level: Basic
Prerequisite: Participants must have access to the web component of MIP Cloud prior to class.
Recommended Prerequisite: 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: Two Hours

This self-study 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 “FA201 – 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.

MIPC301 – MIP Cloud System Administration: Recorded Session

Course Level: Basic
Prerequisite: Participants must have access to the web component of MIP Cloud prior to class.
Recommended Prerequisite: None
Instructional Method: Recorded Session
Recommended CPE Credits: Not Eligible for CPE
Access Period: One Year from Purchase
Estimated Time to Complete: Two Hour

This recorded sesssion will discuss 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 “MIPC302 – 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

MIPC322 – MIP Cloud Budget: Recorded Session

Course Level: Basic
Recommended Prerequisite: Participants must have access to the web component of MIP to complete activities.
Instructional Method: Recorded Session
Recommended CPE Credits: Not Eligible for CPE
Access Period: One Year from Purchase
Estimated Time to Complete: Two Hours

Budgeting is a proven methodology that helps organizations monitor fiscal performance and control expenditures. This recorded session demonstrates the powerful tools available with the MIP Cloud Budget Module. Module setup, budget versions, primary budget controls, budget worksheets, manual budget entries, budgets revisions, and reporting options are covered.

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

  • Define budget versions, set up primary budget controls, and enable critical segments
  • Create budget versions
  • Use the budget worksheet
  • Validate budget entries and transfer to accounting
  • Create manual budget entries
  • Adjust posted budgets for revisions
  • Define available budget reports

ACC103 – Fundamentals of Nonprofit Accounting: Accounting Fundamentals

Course Level: Basic
Recommended Prerequisites: None
Instructional Method: Recorded Session
Recommended CPE Credits: Not Eligible for CPE
Access Period: 60 days from Purchase
Estimated Time to Complete: Five Minutes

The three-part Fundamentals of Nonprofit Accounting series provides accountants and other professionals with an overview of nonprofit accounting terminology and reports. This third installment reviews the basic concepts of accrual vs. cash basis accounting, the general ledger, debits and credits, and the five accounting elements.

The content in this video does not constitute accounting advice. If you have questions regarding generally accepted accounting principles, processes, or procedures we recommend that you contact a Certified Public Accountant.

By the end of the session, you will have a basic understanding of:

  • The Cash Basis vs. Accrual Basis of accounting.
  • The General Ledger.
  • The rules of debits and credits.
  • The five accounting elements.
  • Common accounting abbreviations.

ACC102 – Fundamentals of Nonprofit Accounting: Core Not-for-Profit Financial Statements

Course Level: Basic
Recommended Prerequisites: None
Instructional Method: Recorded Session
Recommended CPE Credits: Not Eligible for CPE
Access Period: 60 days from Purchase
Estimated Time to Complete: Four Minutes

The three-part Fundamentals of Nonprofit Accounting series provides accountants and other professionals with an overview of nonprofit accounting terminology and reports. This second installment reviews the basic set of financial statements produced by most organizations with explanations and examples of each core Not-For-Profit financial statement.

The content in this video does not constitute accounting advice. If you have questions regarding generally accepted accounting principles, processes, or procedures we recommend that you contact a Certified Public Accountant.

By the end of the session, you will be familiar with:

  • FASB 117.
  • The reports FASB 117 requires Nonprofits prepare for the public.
  • What each report does and from where the information is gathered, including explanations and examples of each.
  • How these four reports tie (or agree) to each other.

ACC101 – Fundamentals of Nonprofit Accounting: Nonprofit vs. Not-for-Profit

Course Level: Basic
Recommended Prerequisites: None
Instructional Method: Recorded Session
Recommended CPE Credits: Not Eligible for CPE
Access Period: 60 days from Purchase
Estimated Time to Complete: Two Minutes

The three-part Fundamentals of Nonprofit Accounting series provides accountants and other professionals with an overview of nonprofit accounting terminology and reports. This first installment discusses common terminology related to nonprofit organizations.

The content in this video does not constitute accounting advice. If you have questions regarding generally accepted accounting principles, processes, or procedures we recommend that you contact a Certified Public Accountant.

By the end of the session, you will be familiar with:

  • The different usages of the terms ‘Nonprofit’ and ‘Not-For-Profit’.
  • How the IRS makes the distinction.
  • Several types of ‘Nonprofit’ Organizations.
  • The different IRS classifications of ‘Nonprofits’.