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 of MIP Cloud 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.
This course is taught using the MIP Cloud Modern User Interface.
Class is held Monday from 1:00 – 5:00 p.m.
plus Tuesday and Wednesday, 9:00 a.m. – 5:00 p.m.
Course Level: Advanced
Prerequisite: Participants must have access to the web component of MIP Cloud prior to class.
Recommended Prerequisite: MIPC216 – MIP Cloud Financial Statements
Instructional Method: Recorded Session (recorded instructor-led discussion with training guide)
Recommended CPE Credits: Not Eligible for CPE
Access Period: One Year from Purchase
Estimated Time to Complete: 1.5 hours
Published: 11/2024
This Self-Paced course is designed to take your financial reporting skills to the next level. This course covers the creation of complex financial statements. The use of segment substitution, report groups, segment substitution with report groups, and column subtotals will be introduced in various required financial statements.
By the end of the session, you will be able to:
- Incorporate segment substitution into custom financial statements
- Incorporate report groups into custom financial statements
- Create columnar based financial statements and incorporate subtotals
- Create FAS 117 compliant financial statements
- Create a GASB 34 Statement of Activities
Course Level: Basic
Prerequisite: Participants must have access to the web component of MIP Cloud prior to class.
Recommended Prerequisite: 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: 11/2024
This intensive 3-day Live Webcast course, using the MIP Cloud Modern User Interface, 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.
This course is taught using the MIP Cloud Modern User Interface.
Class is held each day from 9:00 AM – 4:30 PM CT. A one hour lunch break is included.
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: 1.5 Hour
Published: 8/2024
This recorded session builds on the skills learned in Reporting while focusing on creating basic financial statements. Learn the requirements for building custom financial statement formats for the two most common statement types: a Balance Sheet, and the Statement of Revenues and Expenditures. This course will train users how to take advantage of the default financial statements feature. You will also learn how to create basic custom financial statements, assign general ledger codes to existing formats, and build an entire financial statement format complete with sub-sections.
For additional training, and to learn more about reports and financial statements, attend the “MIPC217 – MIP Cloud Advanced Reporting Functions” course.
By the end of the session, you will be able to:
- Print default financial statements
- Create custom financial statement formats
- Create custom financial reports
Course Level: Basic
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
2 Hour Class
Published: 05/2024
Budgeting is a proven methodology that helps organizations monitor fiscal performance and control expenditures. This course demonstrates the powerful tools available with the MIP Cloud Budget Module. In this course we will discuss and create budget versions, create manual budget entries, create budget worksheets, modify budgets, and practice transferring budget transactions to Accounting. You will also learn how to create adjust posted budget worksheets for budget revisions and review available reporting options.
By the end of the session, you will be able to:
- Create budget versions
- Use the budget worksheet
- Validate budget entries and transfer to accounting
- Create manual budget entries
- Adjust posted budgets for revisions
- Review available budget reports
Course Level: Basic
Prerequisites: General Ledger Transaction Entry
Instructional Method: Group Internet Based
Recommended CPE Credits: 1
One Hour Class
Published: 03/2024
Join this session to learn how to use the Electronic Funds Transfer for Accounts Payable module to save time, money, and the hassle of printing and mailing checks. The module seamlessly integrates with the Accounts Payable module providing more options for reducing costs and improving service. Learn how to distribute payments via electronic funds transfer.
For additional training, and to learn more about daily processing tasks in the Accounts Payable module, attend the “MIPC205 – MIP Cloud Accounts Payable Processing” course.
After completing this course, you will be able to:
- Set up electronic funds transfer banking information
- Discuss pre-notes, their creation and use
- Add vendor bank information to vendor records
- Create vendor payment vouchers
- Create an electronic file of vendor payments
- Produce reports of vendor electronic funds transfer payments
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: Group Internet Based
Recommended CPE Credits: 1
One Hour Class
Published: 03/2024
This course covers 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 “MIPC205 – 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.
Course Level: Basic
Prerequisite: Participants must have access to the web component of MIP Cloud prior to class.
Recommended Prerequisite: None
Instructional Method: Group Internet Based
Recommended CPE Credits: 1
One Hour Class
Published: 03/2024
This course covers 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.
Course Level: Basic
Prerequisite: Participants must have access to the web component of MIP Cloud prior to class.
Recommended Prerequisite: None
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two Hour Class
Published: 03/2024
This course tours the available setup items in your MIP Cloud database as it pertains to your general ledger and reporting. You will learn how to set up chart of account codes and use the model account feature. This is followed by a discussion on features critical to reporting with closing account assignments and offset account assignments. We also include a section on expediting data entry and preventing errors with lessons on distribution codes and account code combinations. Finally, you’ll learn how to attach documents to the available transaction types in the application
For additional training, and to learn more about administrative setup of the application, attend the “MIPC201 – MIP Clooud System Administration” course.
After completing this course, you will be able to:
- Create chart of accounts codes, and use model accounts.
- Create offset account assignments, closing account assignments, account code combinations and distribution codes.
- Distinguish between valid and invalid account code combinations.
- List which forms the attachments feature is available for in the application, and demonstrate how to attach documents.
Course Level: Basic
Prerequisite: Participants must have access to the web component of MIP Cloud prior to class.
Recommended Prerequisite: None
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two Hour Class
Published: 03/2024
This course will cover creating an organization’s accounting database, and performing general application housekeeping and administration. You will receive an overview of the structure and design of the components of the database and in-depth information on the utilities that control the database itself and the integrity of the data entry process for the database.
For additional training, and to learn more about daily processing tasks in the Accounts Payable module, attend the “MIPC202 – MIP Cloud Accounting Administration and Setup” course.
By the end of the session, you will be able to:
- Navigate within both MIP Cloud interfaces: the modern user interface and the classic user interface.
- Create a new organization database and modify organization settings.
- Attach encrypted documents in the cloud and manage categories
- View available activity and audit logs
- Initiate data integrity checks and review the default table structure
