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FA205 – MIP Fund Accounting Accounts Payable Processing

List price: $460.00

About this course

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 Fund Accounting Accounts Payable Reporting and Troubleshooting
  • FA372 – MIP Fund Accounting EFT for AP: Recorded Session
  • FA326 – MIP Fund 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