Name: CenterPoint Accounting Software
Author: Red Wing Software

Help Desk

Web and Video Conferencing

Customer Support

Agile Development

Image Recognition

Development

Academic Advising

Education

Business Intelligence (BI)

Collaboration

Contract Management

Streaming Analytics

Supply Chain Management

Enterprise

Accounting

Cash Flow Management

Crypto Asset Management

Investor Relations

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Payroll

Talent Intelligence

Talent Management

Technical Skills Assessment

Workforce Analytics

Workforce Management

Human Resources

Cloud Storage

Data Integration

Data Mapping

Debugging

Edge Computing

Event Monitoring

Fraud Detection

IT Asset Disposal

Integration Platform as a Service (iPaaS)

Internet Security

License Management

Managed Hosting

Master Data Management (MDM)

Network Diagnostics

Network Performance Monitoring

NoSQL Databases

Packet Analyzer

Security Analytics

Storage Management

Tape Storage

Unified Endpoint Management (UEM)

WAN Optimization

Web Content Filtering

Wireless LAN

Wireless WAN

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Community

Content Management

Digital Rewards

Email Marketing

Marketing Analytics

Marketing Automation

Predictive Analytics

Social Media Analytics

Social Media Management

Survey & Forms Building

Video Collaboration

Web Analytics

Marketing

Project Management

Professional Services

Customer Communication Management

Customer Relationship Management (CRM)

Lead-to-Account Matching and Routing

Sales

Microsegmentation

Security

Animal Shelter

Animation

Computer-Aided Design (CAD)

Construction Management

Debt Collection

Tax Practice Management

Vertical-Specific

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CenterPoint Accounting software, developed by Red Wing Software, Inc., is a financial accounting solution designed for small to mid-sized businesses. According to the vendor, this software is tailored for accountants, bookkeepers, financial managers, retailers, and manufacturers, providing them with locally installed or cloud-based accounting solutions.

## Key Features

**General Ledger**: According to the vendor, CenterPoint Accounting software provides standard reports such as Income Statements, Cash Flows, Balance Sheets, and Budgets, offering a comprehensive view of the operation for management, advisors, and lenders. It is claimed to enable access to real-time information, enhancing decision-making and improving business efficiency.

**Flexible Reporting**: The vendor states that this software offers customizable reports that can be tailored to specific business needs and preferences. Users are said to have the flexibility to design and modify reports according to their unique requirements, generating reports based on various criteria and filters. Customization of report layouts, including adding logos and changing fonts, is also supported.

**Accounts Payable**: According to the vendor, CenterPoint Accounting software efficiently manages and tracks accounts payable transactions, including vendor invoices, payments, and credits. It is claimed to automate payment processing, including check printing and electronic payments, and provides comprehensive reports for analyzing accounts payable activity.

**Accounts Receivable**: The vendor claims that with the accounts receivable module, users can effectively track and manage customer invoices, payments, and credits. The software is said to automate invoice generation and delivery, including email and print options, and generates reports for analyzing accounts receivable activity.

**Inventory Module**: According to the vendor, this module allows businesses to effectively manage inventory items, tracking quantities, costs, and locations. It provides features for creating and managing purchase orders, sales orders, and invoices. Detailed reports are generated to analyze inventory activity, such as stock levels, valuation, and sales analysis.

**Sales Order Module**: The vendor claims that CenterPoint Accounting software streamlines the sales order process, from order entry to fulfillment. It is said to manage customer orders, integrate with inventory management to ensure accurate stock availability, and generate reports for analyzing sales order activity.

**Purchase Order Module**: According to the vendor, the purchase order module efficiently manages the purchase order process, from requisition to receipt. It is claimed to create and track purchase orders, automate purchase order approval workflows, and generate reports for analyzing purchase order activity.

**Asset & Liability Tracking**: The vendor states that this software tracks and manages fixed assets and liabilities, including depreciation and amortization. It provides features for recording asset acquisitions, disposals, and transfers, and generates reports for financial reporting and tax purposes. Additionally, it tracks loan and lease details, including payment schedules and interest calculations.

**Customizable User Interface**: According to the vendor, CenterPoint Accounting software allows users to customize the user interface to fit their own tasks and preferences. It provides options for rearranging screens, adding shortcuts, and customizing toolbars, enhancing user productivity by tailoring the software interface to individual needs.


Acumatica delivers a set of cloud-based business software applications with dashboards, reporting tools, integrated document management, centralized security, and customization tools.

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Xero is an online accounting software product for small businesses and personal finance. Its features beyond general ledger and double-bookkeeping include quotable invoicing, bank reconciliation, purchase order and expense management, and tax management. Third party apps can extend its features further.

Early

Growing

Established

CenterPoint Accounting Software

1 in 3 accounting software users find it difficult to choose the right tool. Find the best solution for you.

The Buyer’s Guide to Accounting Software

Accounting software automates and streamlines financial management, from core functions like accounts payable and receivable to complex tasks like ledger management and reporting. They are aimed at enhancing accuracy, providing real-time financial insights, and ensuring compliance. Advanced systems integrate with other business tools, supporting everything from expense tracking to payroll. Explore user reviews and comparisons to find the best accounting software for your business.

Red Wing Software, Inc. develops, integrates and supports the accounting and financial management needs of small- to mid-sized businesses, agribusinesses and producers, municipals, and nonprofits across North America. For more information on Red Wing Software products, including TurningPoint Accounting Software, CenterPoint Accounting Software, CenterPoint Fund Accounting Software, CenterPoint Accounting for Agriculture, and CenterPoint Payroll Software, call 1-800-732-9464 or visit www.redwingsoftware.com. Red Wing Software, Inc., along with its nationwide network of business partners, offers industry-leading service, as well as training, on-site installation and implementation of the software. Their vision is to create the best management software experience through personal support and attention to customers’ business goals.

Red Wing Software

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Cash management

The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

Bank reconciliation

The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

Expense management

The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

Time tracking

The software can track billable and non-billable employee time by project.

Fixed asset management

This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

Multi-currency support

The software supports transactions across multiple currencies.

Multi-division support

The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

Regulations compliance

The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.

Electronic tax filing

The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.

Self-service portal

The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Intercompany Accounting

Automatically balance and reconcile GL for intercompany transactions

Localizations

Meet reporting requirements with country-specific localizations

Journals and Reconciliations

Automate and synchronize ledgers and processes

Enterprise Accounting

Create accounting for disconnected ERP and non-accounting source systems

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Centralized Rules Framework

Integrate disparate ERP and transactional systems into single ERP instance

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Manufacturing module

The software helps track and manage raw materials, work-in-progress items, and finished goods.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

End-to-end order visibility

Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics

Order exception Resolution

Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Salary revision and increment management

Salary revision is the ability to modify individual employee pay.

Reimbursement management

Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

Dashboards

Users can create, customize and share dashboards, which provide an overview of the most important metrics.

Standard reports

The software offers pre-built reports with metrics standard to the category.

CenterPoint Accounting Software

Overview

What is CenterPoint Accounting Software?