FA106 – MIP Fund Accounting Finance & Reporting Workshop

Course Level: Basic
Prerequisites: We recommend a general understanding of product navigation.
Instructional Method: Group Live
Training Guide Format: Digital PDF
Recommended CPE Credits: 32
Four Day Class
Published: 11/2023

Our most comprehensive classroom offering, this intensive 4-day course focuses on primary financial activities and reporting, providing a strong foundation for new customers and a broad understanding for more experienced customers. This course is ideal for a wide range of accounting professionals responsible for high level administrative tasks, transaction processing, and advanced financial reporting including, general accountants, staff accountants, financial specialists, 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 daily processing tasks and skills that improve accuracy and save valuable time throughout the accounts receivable cycle. Learn how to create customers, enter invoices and credit memos, and process cash receipts and prepayments.

Then you will experience the powerful built-in reporting tools to create reports, including a deep dive into financial statements, advanced financial statement features, and fiscal year closing activities. Topics Covered: Quick & Default Financial Statements, Financial Statement Formats, Financial Statement Setup, Creating an R&E Financial Statement, Drill-Down Analyzer, Segment Substitution, Reporting on a Fiscal Year Other than The Organizations Fiscal Year, Statement of Cash Flows, Statement of Financial Position, GASB Statement of Activities, Forecasting, and Exporting Reports.

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.
  • Set up and maintain user security.
  • Enter general ledger transactions, close fiscal years, and adjust closed year balances.
  • Reconcile cash accounts.
  • Enter and adjust budgets.
  • Set up default customer discount and prepayment information.
  • Create, rename or merge customers.
  • Enter accounts receivable invoices and apply credit memos and receipts.
  • Enter and apply prepayments.
  • Discuss options for correcting errors.
  • Review customer balances and transaction history.
  • Create and run financial statements.
  • Utilize advanced reporting functions.
  • Create fraud prevention notifications.
  • 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 on Monday from 1:00 – 5:00 p.m., Tuesday, Wednesday, Thursday, 9:00 a.m. – 5:00 p.m. and Friday, from 9:00 a.m. – 12:00 p.m.

    MIPC315 – MIP Cloud Reporting

    Course Level: Basic
    Prerequisites: Participants must have access to the web component of MIP Cloud prior to class.
    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: 1 Hour
    Published: 12/15/2022

    MIP Cloud delivers everything you need to track, report, and manage finances according to your unique revenue sources in an intuitive modern user interface. This recorded session focuses on generating reports, reviewing content, and becoming familiar with the reporting interface.

    One of the key requirements of accounting software is the ability to retrieve and view your data the way it makes sense to you. In this course, you will gain an understanding of the reporting engine, by examining the report builder, default reports, filter options, and date fields available through MIP Cloud Reporting. You will also review list reports, transaction reports, and analysis reports.

    During the course you will be able to complete hands-on activities, using the included training guide, 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 “MIPC216 – MIP Cloud Financial Statements” and “MIPC217 – MIP Cloud Advanced Reporting Functions” courses.

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

    • Create, view, and export reports using the Report Builder.
    • Identify the information available in List, Transaction, and Analysis reports.
    • Define date selections for reports.
    • Export reports using the Report Queue.

    MIPC215 – MIP Cloud Reporting

    Course Level: Basic
    Prerequisites: Participants must have access to the web component of MIP Cloud prior to class.
    Instructional Method: Group Internet Based
    Recommended CPE Credits: 1.5
    One and One Half Hour Class

    MIP Cloud delivers everything you need to track, report, and manage finances according to your unique revenue sources in an intuitive modern user interface. This course focuses on generating reports, reviewing content, and becoming familiar with the reporting interface.

    One of the key requirements of accounting software is the ability to retrieve and view your data the way it makes sense to you. In this course, you will gain an understanding of the reporting engine, by examining the report builder, default reports, filter options and date fields available through MIP Cloud Reporting. You will also review list reports, transaction reports, and analysis reports.

    During the course you will be able to 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 “MIPC216 – MIP Cloud Financial Statements” and “MIPC217 – MIP Cloud Advanced Reporting Functions” courses.

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

    • Create, view and export reports using the Report Builder.
    • Identify the information available in List, Transaction, and Analysis reports.
    • Define date selections for reports.
    • Export reports using the Report Queue.

    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, 9:00 a.m. – 5:00 p.m.