Course Level: Basic
Prerequisites: We recommend a general understanding of product navigation.
Instructional Method: Group Live
Recommended CPE Credits: 20
Two and One-Half Day Class
This intensive 2.5 day course focuses on primary financial activities, providing a strong foundation for new customers and a broad understanding for more experienced customers. This course is ideal for accounts payable professionals, staff accountants, and the hands-on Chief Financial Officer.
You will learn core features of the general ledger, accounts payable, bank reconciliation, budget, and reporting modules. Study topics include creating and maintaining chart of account codes, processing and correcting accounts payable and general ledger transactions, creating and monitoring budgets, and reconciling bank accounts. You will also learn how to use the powerful built-in reporting tools to create reports and perform analysis.
Class is held Monday from 1:00 – 5:00 p.m.
plus Tuesday and Wednesday, 9:00 a.m. – 5:00 p.m.
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: MIPC305 – MIP Cloud Accounts Payable Processing or FA205 – MIP Fund Accounting Accounts Payable Processing
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two Hour Class
In this course, 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.
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: Basic
Prerequisite: General Ledger Transaction Entry
Instructional Method: Group Internet Based
Recommended CPE Credits: 1
One-Hour Class
Published: 12/15/2022
Exercise more control over payroll disbursements while giving your employees the convenience of electronically depositing their pay with Direct Deposit. In this course you will learn the steps necessary for creating direct deposit files to transmit to your financial institution. The course will also cover required organization and employee information. You will also learn how to run a Direct Deposit File Register report.
By the end of the session, you will be able to:
- Enter organization bank routing information.
- Create email voucher templates.
- Set up employee records for direct deposit.
- Create a direct deposit ACH file.
- Run direct deposit reports.
For additional training, and to learn more about setting up payroll and processing payrolls, attend the “MIPC245 – MIP Cloud Payroll Setup” and “MIPC246 – MIP Cloud Payroll Processing” courses.
Course Level: Basic
Prerequisites: Payroll Setup
Instructional Method: Group Internet Based
Recommended CPE Credits: 3
Three-Hour Class
Published: 12/15/2022
This course picks up where the Payroll Setup course left off, completing the payroll cycle. Payroll Processing covers creating a default timesheet, the procedures for entering and adjusting employee regular and supplemental timesheets, calculating, and reviewing payrolls, and printing employee checks and vouchers. You will also learn how to void checks, adjust payroll balances, and transfer payrolls to accounting. Common payroll reports are reviewed as well.
By the end of the session, you will be able to:
- Set up and use default timesheets.
- Calculate a payroll for a processing group.
- Modify calculated payroll checks.
- Print payroll checks and reprint pay stubs.
- Void payroll checks and record check spoilage.
- Enter adjustments in the Setup/Adjust Balances form.
- Distribute labor hours.
- Transfer payroll to accounting and undo the transfer to accounting.
For additional training, and to learn more about setting up payroll and distributing payments via direct deposit, attend the “MIPC245 – MIP Cloud Payroll Setup” and “MIPC247 – MIP Cloud Direct Deposit for Payroll” courses.
Course Level: Basic
Instructional Method: Group Internet Based
Recommended CPE Credits: 3
Three-Hour Class
Published: 12/15/2022
Setting up your payroll is critical to efficiently and accurately paying your employees. In this course you will learn all facets of setting up payroll to meet your organization’s and employees’ needs. This course focuses on selecting payroll options, adding employees, and creating payroll codes, including benefits, deductions, and leave codes.
By the end of the session, you will be able to:
- Deploy the Payroll Module and apply the initial account settings.
- Set up and update processing groups.
- Set up taxes for your organization.
- Create and edit employee information.
- Set up earning, benefit, and deduction codes.
- Select the appropriate W-2 box numbers for year-end reporting.
For additional training, and to learn more about processing payrolls and distributing payments via direct deposit, attend the “MIPC246 – MIP Cloud Payroll Processing” and “MIPC247 – MIP Cloud Direct Deposit for Payroll” courses.
