Description
Master the basic transaction entry process in the General Ledger module with this MIP Accounting® training. Learn to enter cash receipts, cash disbursements, and journal entries efficiently while utilizing auxiliary tools like offsets, distribution codes, and memorized entries. This course also covers session management, default transaction reports, and year-end adjustments for streamlined accounting workflows.
By the end of this session, you will:
- Understand the uniqueness of each General Ledger transaction type (Cash Disbursements, Cash Receipts, Journal Entries)
- Differentiate between the Session, Document, and Transaction sections of the entry
- Recognize the importance and differences of the Session, Document, and Effective Dates
- Utilize entry efficiencies, including Entry Defaults, F5, F6, Offsets, Memorized/Recall, Auto Reversal, and compound entries
- Understand the impact of Session Status on reporting and validation
- Navigate and use all available icons effectively