McGovern Consulting Group

Manage General Ledger transactions confidently with this MIP Fund Accounting training module. You will learn how to record, review, and post common transaction types so the ledger stays accurate and usable for reporting.

The module starts with Journal Vouchers, covering how to set up a session, enter debits and credits, edit entries before posting, and post the voucher correctly. This matters because journal vouchers often carry adjustments, allocations, and corrections that flow directly into financial statements, so small entry mistakes tend to show up later as reconciliation problems.

You will also learn how to use Auto Reversal with journal vouchers. The training explains when auto reversal makes sense, which reversal options to choose, and what each option requires in terms of fields and timing. This is most useful for accruals and temporary entries that need to reverse cleanly in the next period without relying on someone remembering to do it manually.

For cash activity, the module covers Cash Disbursements and Cash Receipts in detail. On the disbursement side, you will work through session setup, required fields such as check numbers, 1099 coding where applicable, and accurate expense line coding. You will also learn how to run unposted transaction reports and post the session so payments and expenses are reflected correctly.

On the receipts side, you will learn how to create and edit cash receipt entries, capture the right details, and ensure debits and credits balance properly. That balance check is not just a technical requirement, it is what keeps receipt activity from turning into cleanup work during bank reconciliation and month-end close.

This module is designed for staff responsible for recording financial transactions and maintaining clean general ledger activity in MIP Fund Accounting.