McGovern Consulting Group

This General Ledger Transactions module in our MIP Cloud training focuses on the workflows that keep day-to-day activity accurate and easy to explain later. General ledger entries drive financial statements directly, so the goal is to enter transactions in a way that posts cleanly and holds up during review.

The module starts with Journal Vouchers, covering how to establish a session, enter debits and credits, edit entries before posting, and post the voucher correctly. You will learn where mistakes typically happen during entry and how to review the session before posting so adjustments do not turn into reconciliation problems later.

Next, the course covers Auto Reversal for journal vouchers. You will learn when auto reversal makes sense, which reversal options to use, and what fields each option requires. This is most useful for accruals and temporary entries that need to reverse in a predictable way across periods, especially around month-end and year-end.

For cash activity, the training covers Cash Disbursements and Cash Receipts. On the disbursement side, you will learn how to set up the session, complete key fields such as check number and 1099 coding when applicable, and code expense lines accurately. The module also covers running unposted transaction reports and posting the session so cash and expense activity is recorded correctly.

On the receipts side, you will learn how to create or edit a cash receipt, what information to capture, and how to ensure debits and credits balance properly. Balanced entry is what prevents cleanup during bank reconciliation and keeps receivables and cash reporting consistent.

This module is designed for staff responsible for recording financial transactions in MIP Cloud and who need a reliable process for maintaining accurate general ledger activity.