McGovern Consulting Group

The Tips and Tricks (TNT) section of our MIP Fund Accounting training is built for the day-to-day reality of using the system: repetitive transactions, vendor file upkeep, and administrative tasks that quietly eat time. The focus is on small changes you can apply immediately inside MIP Fund Accounting to reduce manual work, tighten consistency, and avoid errors that tend to show up later during close or reporting.

TNT 01: 10 Transactional Efficiencies covers practical ways to speed up routine processing without cutting corners. If you spend time entering batches, coding transactions, reviewing activity, or producing standard reports, these techniques help you move faster while keeping data clean enough for audit trails and compliance. The point is to reduce the number of clicks and rework cycles that happen when defaults are missing, coding is inconsistent, or information is entered in a way that makes reporting harder than it needs to be.

TNT 02: Five Vendor Setup Must Knows goes deeper on the parts of vendor management that usually cause avoidable friction in accounts payable. You’ll learn how to manage multiple vendor addresses in a way that supports real payment and shipping workflows, set default coding so invoice entry stays consistent, and use the default net days due field correctly so terms behave predictably. The segment also covers how to rename vendor IDs without creating a mess in historical reporting, plus a common cleanup task: reversing a single check from a batch when only one item needs to be voided.

TNT 03: Ten Items in Administration You Should Know About is for the backend decisions that shape how smoothly the system runs for everyone else. It covers admin-level shortcuts and settings around system configuration, user access, and security controls, along with other features that affect consistency and supportability. Even if you are not a full-time administrator, understanding these areas helps you troubleshoot issues faster and set the system up in a way that matches how your organization actually operates.

This section is useful for both new and experienced MIP Fund Accounting users because it targets the patterns that create wasted effort: duplicate entry, inconsistent setup, and administrative blind spots that surface as downstream problems. If you want to get more out of MIP without redesigning your whole process, this is the part of the course that tends to pay back quickly.