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MIPC306 – MIP Cloud Accounts Payable Analysis

List price: $170.00

About this course

Course Level: Basic
Prerequisites: MIPC305 – MIP Cloud Accounts Payable Processing or FA205 – MIP Fund Accounting Accounts Payable Processing
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: 2 Hours
Published: 09/19/2023

In this recorded session, 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.