MIP Tip

Changing Bank Accounts in MIP

Many clients request information on how to switch MIP’s Accounts Payable payments to a newly created cash account. As you have noticed, MIP does not ask which cash account to use in the payment process. The key is the Offset Account Assignments. You will need to click Maintain/Offset Account Assignments from the top menu. When the screen opens, click the Find button on the bottom. Move Transaction to the right in the filter and select APC for Criteria 1. Click the Magnifying glass button to return the results. You will have to identify which Fund/GL combination you want to change the Offset GL (cash account) for, and double click the small grey box to the left of the line to open the record in edit mode. You can then click the drop down arrow to assign the new GL cash account.