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FA202 – MIP Fund Accounting Admin & Setup

Course Level: Basic
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class
Published: 02/2024

This course begins with the Accounting system setup in Administration. Participants will learn how to set up their accounting, organization and workstation preferences. Participants will be introduced to the table-driven chart of accounts structure and the different segments used in the training database.

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
Published: 01/2024

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.

FA205 – MIP Fund Accounting Accounts Payable Processing

Course Level: Basic
Prerequisite: General Ledger Transaction Entry
Instructional Method: Group Internet Based
Recommended CPE Credits: 3
Three-Hour Class

Attend this class to learn processing skills that improve accuracy and save valuable time throughout the accounts payable cycle. Learn how to create vendors, enter invoices and credit memos, process payments, and view vendor balances. This course focuses on daily processing tasks in the Accounts Payable module. 

For additional accounts payable training, and to learn more about distributing payments via electronic funds transfer and creating your own check formats, attend the following courses.

  • FA210 – MIP Fund Accounting Accounts Payable Reporting and Troubleshooting
  • FA372 – MIP Fund Accounting EFT for AP: Recorded Session
  • FA326 – MIP Fund Accounting Forms Designer: Self-Study

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

  • Create a vendor
  • Set up vendor 1099 information and enter 1099 adjustments
  • Rename or merge vendors
  • Create accounts payable invoices and apply credit memos, manual payments, and system generated payments
  • Use advanced coding reduction tools to reduce data entry
  • Review and edit unposted system generated payments
  • Review vendor balances and transaction history
  • Evaluate accounts payable balances using aging, summary, and detailed reports

FA207 – MIP Fund Accounting Accounts Receivable Processing

Course Level: Basic
Prerequisite: General Ledger Transaction Entry
Instructional Method: Group Internet Based
Recommended CPE Credits: 3
Three-Hour Class

Attend this class to learn processing 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.

This course focuses on daily processing tasks in the Accounts Receivable Reporting module. For additional training, and to learn more about creating invoices and personalizing customer statements, attend the “FA208 MIP Fund Accounting Accounts Receivable Billing” course.

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

  • Set up default customer discount and prepayment information
  • Create a customer
  • 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
  • Evaluate accounts receivable balances using aging, summary, and detailed reports

FA208 – MIP Fund Accounting Accounts Receivable Billing

Course Level: Basic
Prerequisite: General Ledger Transaction Entry, MIP Fund Accounting Accounts Receivable Processing
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class

Attend this class to learn how to take advantage of advanced receivable features. This course focuses on using the Accounts Receivable Billing module. The Accounts Receivable Billing module seamlessly integrates with the Accounts Receivable Reporting module providing more options for reducing costs and improving service. Learn how to set up sales taxes, generate and print customer invoices, and prepare customer statements.

For additional training, and to learn more about daily processing tasks in the Accounts Receivable Reporting module, attend the “FA207 – MIP Fund Accounting Accounts Receivable Processing” course. To learn how to create your own customer statement formats attend the “FA226 – MIP Fund Accounting Forms Designer” course.

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

  • Create sales tax authorities and sales tax codes
  • Apply sales taxes to taxable customers
  • Print accounts receivable invoices
  • Edit printed but unposted accounts receivable invoices
  • Void posted accounts receivable invoices

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
Published: 01/2024

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

FA215 – MIP Fund Accounting Reporting

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 Fund 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 Fund Accounting Financial Statements” and “FA217 – MIP Fund 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

FA216 – MIP Fund Accounting Financial Statements

Course Level: Intermediate
Prerequisites: Reporting attendance or reporting proficiency
Recommended Prerequisites:
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class
Published: 01/2024

This course builds on the skills learned in Reporting while focusing on creating basic financial statements. This course will train users how to take advantage of the quick financial statements and default financial statements features. You will also learn how to create basic custom financial statements. The course will also cover custom columns, report groups, and the drill-down analyzer.

For additional training, and to learn more about reports and financial statements, attend the “FA217 – MIP Fund Accounting Advanced Financial Statements” course.

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

  • Print quick financial statements
  • Set up and print default financial statements
  • Create custom financial statement formats
  • Create custom financial reports
  • Apply report groups and custom columns to reports
  • Analyze financial data with the drill-down analyzer

FA234 – MIP Fund Accounting Data Import/Export

Course Level: Advanced
Instructional Method: Group Internet Based
Training Guide Format: Digital PDF
Recommended CPE Credits: 3
Three-Hour Class
Published: 11/2020

Have you ever wanted to transfer vendors, customers, employees, or even a chart of accounts into MIP Fund Accounting? Are you tired of entering the same transaction data twice? The Import/Export module gives you the power to import data directly into Accounting or Payroll. Learn how to import vendors, customers, and even accounting transactions!

This demonstration course follows the import process from start to finish, thoroughly covering the most commonly used import and export options. After the presentation participants complete practice exercises and correspond with the session leader via e-mail.

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

  • Identify the different types of data formats available.
  • Identify the sections of a definition file and understand how they are used.
  • Apply transaction specific formatting statements.
  • “Match” a definition file to a data file using format statements.
  • Read and troubleshoot import error reports.
  • Select the export options that work best for reports and financial statements.