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.
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.
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: 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 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 “MIPC305 – 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
Prerequisites: General Ledger Transaction Entry
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: One Hour
View this recorded 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 “MIPC305 – 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: MIP314 – MIP Cloud Dashboards & Analytics
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: Two Hours
This self-study course covers how to reconcile General Ledger cash accounts with the corresponding bank statements. Participants will learn how to clear Checks/Vouchers, Deposits, and Other Cash Items. They will discover when to create and how to clear Suspense Items. The information on the Summary page will be explored. The session concludes with a discussion of available reports.
By the end of the session, you will be able to:
- Access the bank reconciliation module and establish required permissions
- Create and use reconiliation IDs
- Use each tab of the reconcile cash accounts form
- Determine which reports are available for the module
Course Level: Basic
Prerequisite: Participants must have access to the web component of MIP Cloud prior to class
Recommended Prerequisite: MIPC314 – MIP Cloud Dashboard & Analytics
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: Two Hours
This self-study course will cover processing skills that improve accuracy and save valuable time throughout the accounts receivable cycle. Learn how to create customers, enter invoices, and enter A/R receipts, credit customers, as well as generate reports.
After completing this course, you will be able to:
- Create and edit customer records
- Create accounts receivable invoice sessions
- Use techniques to streamline invoice entry
- Post accounts receivable invoice sessions
- Enter accounts receivable receipts
- Credit customer accounts with AR credits
- Identify accounts receivable reporting options
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.
Course Level: Basic
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class
Electronic Requisitions allows organization employees to submit requests for goods and services electronically and route the requests through multiple approval levels. Processing requisitions electronically saves time and resources.
Course participants will learn how to set up users and security as well as apply item and category codes (used in Purchase Orders) to requisitions. The course will also cover the submission, approval, or rejection process, as well as requisition management. Applying approved requisitions to Purchase Orders and relevant reports are also discussed.
For additional training, and to learn more about creating purchase orders and processing accounts payable, attend the FA224 – MIP Fund Accounting Purchase Orders and FA205 – MIP Fund Accounting Accounts Payable Processing courses.
By the end of the session, you will be able to:
- Set up requisition users and security rights
- Create approver hierarchies
- Create, submit, approve, and reject requisitions
- Manage requisitions
- Apply final approved requisitions to purchase orders
- Research and review requisition history
Course Level: Advanced
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class
Published: 06/2021
In this course participants will learn how to create and process allocation codes and print pre-allocation financial reports. Participants will also learn how to utilize the multiple calculation methods available and how to create sequential allocation calculations. Various allocation reports will be discussed.
By the end of the session, you will be able to:
- Create an Allocation code.
- Create an Allocation calculation.
- Process an Allocation calculation.
- Check the Allocation by running appropriate reports.
Course Level: Intermediate
Prerequisite: Encumbrances attendance or encumbrances proficiency
Instructional Method: Group Internet Based
Recommended CPE Credits: 3
Three-Hour Class
In this course, students will explore the complete purchase cycle, from adding item codes, to issuing a purchase order, to creating an accounts payable invoice. Students will also be shown how to create a purchase order with encumbrances, receive the items, adjust the receipt if necessary, and then apply it to an invoice. Canceling purchase order items, voiding a purchase order, and a discussion of relevant reports are also covered in this class.
For additional training, and to learn more about working with encumbrances and processing accounts payable, attend the “FA223 – MIP Fund Accounting Encumbrances” and “FA205 MIP Fund Accounting Accounts Payable Processing” courses.
By the end of the session, you will be able to:
- Create item codes for frequently purchased goods and services
- Categorize items for easy application to purchase orders
- Define shipping and billing locations
- Print a purchase order
- Automatically create encumbrances with a purchase order
- Save time by applying a purchase order to an accounts payable invoice
- Cancel and void purchase order items
- Research and review purchase order history
