General Ledger Transactions (GLT):

MIP Fund Accounting® Training

In this MIP Fund Accounting training course, you will learn about various General Ledger Transactions. First, it will teach you how to enter Journal vouchers and how to utilize Auto Reversal. Next, you will learn how to correctly enter cash disbursements and cash receipts.


GLT 01: Entering Journal Vouchers

  • How to establish a session
  • How to manually enter your debits and credits
  • How to edit journal vouchers before posting
  • How to correctly post journal vouchers

GLT 10: Utilizing Auto Reversal in Journal Vouchers

  • When to use the feature
  • Options for Reversal
  • Different fields that are required for each option

GLT 40: Entering in Cash Disbursements

  • How to properly fill out the session information
  • What to use for the check number field
  • 1099 coding and how it is defined
  • How to code the expense line properly
  • What to enter in the transaction description line
  • How to run an unposted transaction report and post the session

GLT 80: Entering in Cash Receipts

  • How to create or edit a cash receipt
  • The proper information to enter when entering cash receipts
  • How to confirm that your debits and credits have been entered in

Training Agenda

  • 1

    GLT 01: Entering Journal Vouchers

    • GLT 01: Entering Journal Vouchers - Training Video

    • GLT 01: Entering Journal Vouchers - QUIZ

  • 2

    GLT 10: Utilizing Auto Reversal in Journal Vouchers

    • GLT 10: Utilizing Auto Reversal in Journal Vouchers - Training Video

  • 3

    GLT 40: Entering in Cash Disbursements

    • GLT 40: Entering in Cash Disbursements - Training Video

    • GLT 40: Entering in Cash Disbursements - QUIZ

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Course Details:

Gain essential knowledge on managing General Ledger Transactions with our MIP Fund Accounting Training, which provides a comprehensive exploration into various types of transactions and their practical application within the system. This module is designed to ensure that participants become proficient in recording and managing financial transactions accurately.

The training kicks off with an in-depth guide on entering Journal Vouchers. You'll learn the process of establishing a session, manually entering debits and credits, editing journal vouchers before posting, and the correct methods to post these vouchers. This foundational knowledge is crucial for maintaining accurate financial records and ensuring that all entries are accounted for correctly in the general ledger.

Next, the course introduces the use of Auto Reversal in Journal Vouchers, a feature that simplifies the correction of entries. You'll explore when to use Auto Reversal, the different options available, and the specific fields required for each option. This segment is particularly useful for ensuring continuity and accuracy in financial reporting, especially in handling month-end or year-end reversals.

For those handling cash transactions, the module covers entering Cash Disbursements and Cash Receipts in detail. You'll learn how to properly fill out session information for disbursements, use the correct fields such as the check number and 1099 coding, and code expense lines accurately. Additionally, the training provides guidance on running unposted transaction reports and posting these sessions, critical steps in financial management.

When entering Cash Receipts, the course details how to create or edit a cash receipt, the proper information to include, and how to ensure that debits and credits are correctly entered and balanced. This part of the training is invaluable for those who manage incoming cash flows, providing them with the skills to handle receipts efficiently and accurately.

This segment of our MIP Fund Accounting Courses is crucial for anyone responsible for the financial transactions of their organization, offering comprehensive training on how to manage general ledger entries effectively and ensuring the integrity of financial data.