McGovern Consulting Group

Dive deep into the Accounts Payable Transaction cycle with our MIP Fund Accounting Courses, designed to provide a thorough understanding of managing invoices through the MIP Fund Accounting system. This training is essential for mastering the complete accounts payable process, from entry to correction, ensuring comprehensive knowledge and practical skills in financial management. 

Starting with the basics, you'll learn how to accurately enter invoices and process checks within the Accounts Payable module. Detailed instructions include filling out session information, using correct invoice numbers, coding for 1099 forms, and coding expenses properly. Beyond entry, the course covers how to run and post unposted transaction reports, enhancing your proficiency in maintaining accurate records. 

Further advancing through the cycle, our training guides you on how to select invoices for payment, process system-generated checks, and manage the posting process after checks have been printed. Additionally, you will acquire skills in voiding checks, with steps on finding the appropriate options in the system, choosing correct void dates, and understanding the implications of voided transactions on your financial reports. 

For those needing to reverse or correct transactions, our MIP Fund Accounting Training offers in-depth guidance on identifying session IDs, reversing posted invoices, and making corrections with confidence. Each section includes steps on how to verify changes through reports and post corrected invoices, ensuring that every alteration is accurately reflected in your system. 

Whether you're new to MIP Fund Accounting or looking to refine your skills, this training is an invaluable resource for anyone involved in the financial operations of their organization, providing all the necessary tools to manage accounts payable effectively.