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MIPC306 – 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: 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: 2 Hours
Published: 09/19/2023

In this recorded session, 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.

MIPC513 – MIP Cloud Accounts Payable Invoice Entry Learning Snippet

Course Level: Basic
Prerequisites: None
Instructional Method: Self-Study (virtual trainer)
Recommended CPE Credits: Not Eligible for CPE
Access Period: One Year from Purchase
Estimated Time to Complete: 10 Minutes
Published: 9/15/2023

Learning Snippets are short demonstrations of the features and functions you use the most. This Learning Snippet will demonstrate how to create an accounts payable invoice (API) session and enter an invoice, including document and transaction line information in the MIP Cloud modern user interface.

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.

MIPC246 – MIP Cloud Payroll Processing

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.