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.

MIPC303 – MIP Cloud Basic Transactions: Recorded Session

Course Level: Basic
Prerequisite: Participants must have access to the web component of MIP Cloud prior to class.
Recommended Prerequisite: None
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 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.

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.

FA204 – MIP Fund Accounting General Ledger Activities

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

This course covers general ledger activities using the General Ledger module. Focus will be on the online Check Writing and Receipt Writing features. Participants will learn how to void checks, copy/reverse sessions and edit system-generated checks. Also covered are the procedures for closing the fiscal year.

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.