FA275 – MIP Fund Accounting Core LW

Course Level: Basic

Prerequisites: We recommend a general understanding of product navigation.

Advanced Preparation: None

Instructional Method: Group Internet Based

Training Guide Format: Digital Online/Offline

Recommended CPE Credits: 19

Three Day Class

Published: 8/2020

This intensive 3-day Live Webcast 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.

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

  • Set up accounting administration (chart of accounts, auto-functions, organization preferences, etc.).
  • Setup, process and troubleshoot accounts payable.
  • Enter general ledger transactions, close fiscal years and adjust closed year balances.
  • Reconcile cash accounts.
  • Enter and adjust budgets.
  • Understand basic reporting functions

Registration for this course includes a full featured digital guide. You will be provided instructions and a key to your digital guide prior to class. Please consider the environment before printing your digital guide.

Class is held each day from 9:00 AM – 4:30 PM CT. A one hour lunch break is included.

MIPC206 – MIP Cloud Accounts Payable Analysis

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 three 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.

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.

FA210 – MIP Fund Accounting Accounts Payable Reporting and Troubleshooting

Course Level: Basic
Prerequisites: General Ledger Transaction Entry
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two Hour Class

In this course, we will discover three report categories for reporting on vendor
information: Vendor Lists, Vendor Payments, and Vendor Analysis. After learning how to use
these reports, we will apply that knowledge to troubleshoot two case studies. Finally, we will
review available tools to make corrections through lessons on copy and reverse and void
checks. Throughout the course, look for tips included to help you protect your organization
against fraud.

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.

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.
  • Correct A/P transactions

FA203 – MIP Fund Accounting General Ledger Transaction Entry

Course Level: Basic
Instructional Method: Group Internet Based
Recommended CPE Credits: 3
Three-Hour Class

This course covers the basic transaction entry process using the General Ledger module. Focus will be on entering normal cash receipt and cash disbursement entries, and using each auxiliary button.

Participants will also learn how to change session information, access offset and distribution codes, enter beginning balances and year-end adjustments, plus create default transaction reports.

FA101 – MIP Fund Accounting Core Workshop

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, 8:30 a.m. – 5:00 p.m.