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’.

MIPC300 – MIP Cloud Introduction: 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: 15 Minutes

This brief recorded session will introduce you to the MIP Cloud modern user interface. Logging into the Application will be discussed
as well as how to navigate within the Application. Creating a basic transaction and report will also be demonstrated. This session is a
great place for customers new to the MIP Cloud modern user interface to start their learning journey.

Additional comprehensive training on all MIP Cloud modern user interface features and modules is available on Community Brands University.

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

  • Navigate to abila.onine.com.
  • Sign into the Application.
  • Navigate through the menu structure.
  • Describe the steps to create a transaction.
  • Describe the steps to create a basic report.

MIPC314 – MIP Cloud Dashboards and Analytics: Recorded Session

Course Level: Basic
Prerequisites: None
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

The Dashboards and Analytics course will prepare you to pull key performance indicators and
custom dashboards of your organization’s data on day one. Beginning with navigation and customizing your workspace, you’ll then learn how to use the product’s built-in dashboards to create custom dashboards with widgets and data that are of interest to you.

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

  • Log into MIP Cloud to manage your user account and use common navigation terminology
  • Distinguish between KPIs and Charts
  • Use default dashboards for analysis
  • Refresh, filter, and customize the dashboard.

MIPC310 – MIP Cloud 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 “MIPC305 – MIP Cloud 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

FA372 – MIP Fund 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 Fund 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

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

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