The advantage of using Bank Deposits is that it makes it easier to identify the bank statement deposit amounts during bank reconciliation. This video covers using the Receipts screen to enter a payment from a customer with open accounts receivable invoices. This video discusses custom name fields that allow you to create information that you want to track for customers, vendors, etc. that CenterPoint doesn’t already have a field for. This video discusses how accounts are used, the hierarchy of accounts which include Account Types, Account Categories, Level 1, Level 2, and Level 3 Accounts. This video discusses how you can customize CenterPoint transaction entry screens by determining which fields are stopped at for data entry.

Sick Time Calculations

The OSHA module is used to track employee injuries and illnesses, specific details regarding the incident, treatment, and workers’ compensation claims. The Employee Work-Related Injury and Illness Summary report allows you to report on the information entered into the module. Pay for employees can be set up to come out of multiple Funds, as your city chooses. This can be done by issuing multiple checks for an employee or by using the multi-fund payroll option and producing a single check for employees working in multiple Funds. ACH processing allows you to deposit electronic payments directly into your vendor’s bank account from CenterPoint.

While entering a quote or order, inventory availability can be displayed for each item. When orders are partially filled, back-orders are automatically created for the remaining items. I’m happy we upgraded our accounting and payroll system to CenterPoint. The drill-down features give us access to the info centerpoint fund accounting we need and make it easy to manage our fund accounts.

For example, if a piece of check stock was accidentally destroyed by spilling water on it or the check stock was torn. This video discusses how to set up sales commissions, which are awarded to salespeople for the sales of sales items. When sales commissions are set up, they allow you to calculate them and keep track of them.

Permits Module*

This video discusses how to print a budget from the Financial Statement section of CenterPoint standard reports for the Statement of Revenue and Expenditures or Balance Sheet. This video discusses the two methods to pay your vendors for the invoices that are open which are from the Pay Invoices Due screen or the Payments screen. The CenterPoint Receipts screens records activity that either increases a Cash account or decreases a Line of Credit account. This video covers the Receipt screen fields and records a cash sale. This video discusses the setup of units of measure which are the description of quantities entered with the purchase or sale of each item in CenterPoint.

Payroll¹

• This video covers how to change a piece of information stored in your setup of names, customers, or vendors that you want to change on multiple names, customers, or vendors using the Mass Update feature.
• This video covers the process of downloading and installing the current version of CenterPoint from the Red Wing Software website.
• This video discusses payment terms and how they are used to calculate due dates and early payment discounts on vendor and customer invoices.

This video discusses how to allocate budget values to management details using an account distribution. This video discusses how to create a budget in CenterPoint and report where you are in your actual activity in comparison to your budget. This video discusses the two ways to send purchase orders to vendors. You can either print the purchase order and mail it to the vendor or you can e-mail it to the vendor directly out of CenterPoint. This video covers both of the ACH payment options – from the Payment screen or from the Pay Invoices Due screen. This video covers the optional process of recording a check that was destroyed before ever entering it in the system, so you don’t have a gap in check sequence numbers.

Check Designer¹

• Profit center/Department detail is for analysis purposes and does not affect tax information.
• CenterPoint also allows the importing of data from other systems or exporting data to another system.
• This video discuss how to print/reprint multiple checks or email/resend multiple ACH (advices) after transaction entry via the Print/Email Checks screen.
• This video covers entering a taxable receipt from a cooperative dividend distribution.
• Track training completion and expiration dates as well as additional notes.
• This video covers the Receipt screen fields and records a cash sale.

This video reviews the different types of reminders that can be displayed in CenterPoint; Payable, Receivable, General, and Scheduled Reminders, and discusses the specific settings/actions that can take place with each type of reminder. This video discusses some of the right-click options found in Setup lists; Add/Remove Columns, Activate/Deactivate, Sort Columns, View Transaction History, etc. It also reviews right-click options from Transaction screens; Set As Default, New, Show All Items, Add/Remove Columns, etc. This video covers using filters to locate items in a list by adding columns, sorting, expanding the Filtering options, and creating custom filters. This video discusses restoring a copy of your CenterPoint data, user files, file attachment repository or Aatrix history files (if you use CenterPoint Payroll). This video covers navigating CenterPoint using menus, tool bars, and the QuickList.

CenterPoint Fund Accounting

Keep track of training and certifications earned by employees with the Employee Certification Tracking option. Track training completion and expiration dates as well as additional notes. Payroll vendor payments are made easy with the flexibility to pay vendors with checks or via ACH. Direct Deposit also allows depositing of employee deductions or employer benefits directly into either health savings accounts or retirement savings accounts. Drill down to original transactions – right from reports, by simply clicking on a field of information. CenterPoint Fund Accounting for Municipals is best for small to medium-sized entities.

Our banker asked us to switch to it because Quikbooks doesn’t have the depth of info available. CenterPoint Fund Accounting is available as both a locally installed program or via a cloud deployment.

This video discusses how to determine when you consider sales taxes due and the steps necessary to automatically calculate sales taxes on customer invoices and report sales tax. This video discusses how to add a page number to a form nd modify the way the page number displays on a form. The video also discusses how to format forms by changing alignment and width of fields and how to preview/print a form. This video discusses locations which describe the physical locations that generate financial activity. Locations can be used in financial analysis by running financial statements by location. When printing Financial Statements, the Detail Level field in Report Selections allows you to decide how much detail to include on the reports when using subaccounts.

This video discusses some of the shortcuts that can be used when entering dates in CenterPoint transaction entry screens. This video discusses how users can be assigned to user groups that then are given access to specific menu selections (security policies) in CenterPoint. Red Wing Software offers Customer Care Memberships with guaranteed response times, and excellent service. 100% of our product enhancements are based on customer requests, so you have a say in the features of the product you are using.

Import time from virtually any time clock that accepts the universal ASCII file format. Choose a full-service W-2 and 1099 fulfillment option as an added resource, which significantly reduces the time spent on year-end processes. 1099 forms are easily managed and filed or eFiled from within CenterPoint.

Videos are best viewed with a high-speed internet connection, are available 24 hours a day, and can be viewed from the comfort of your own home or office. Most Help videos are under 10 minutes and designed to help you become familiar with your software program in the shortest time. Red Wing Software offers Customer Care Memberships with guaranteed response times and excellent service. Customer Care Memberships also include all product and tax table updates and product enhancements.

Subaccounts allow you to group similar accounts and gives you the option to summarize or detail those account balances on financial reports. When using subaccounts, the summarizing account and all detail accounts are setup as Accounts. In the example displayed below, the Building Repairs, Equipment Repairs and Truck Repairs are all subaccounts of the Repair Expense account. The Inventory module delivers a wide range of tools to assess the value of inventory and enhance productivity within different departments to improve profitability. Maintain unlimited number of prices or price calculations for each item; receive real-time inventory updates, as well as GL account assignments that guarantee all GL balances and inventory valuation reports match. CenterPoint Accounting software is solid, locally installed or cloud-based, financial accounting software with strong customization capability and reporting options.

If a payment is applied at the time of the entry, the customer Accounts Receivable balance is adjusted accordingly and the Cash account is increased. This video discusses the Quick Transactions feature in CenterPoint which is a means of entering multiple transactions in the same screen and posting them all at once. Only one transaction type can be entered at the same time, for example Payments, Receipts, or Vendor Invoices. This option can be useful in environments with heavy data entry oriented such as a Service Bureau, or can be used for entering a group of transactions such as the monthly EFTs from your bank statement.

If users know their activity is monitored, they are less likely to commit fraudulent activity. CenterPoint has an excellent audit trail and makes it easy to determine who entered a transaction, created date and time, how many times edited, who voided, and much more. Profit center/Department detail is for analysis purposes and does not affect tax information. When you look at the profit/loss of your operation for any given time span, profit centers/departments give you the power to pinpoint the status of each specific part of your operation. Account classes are used to separate an account type (Assets, Cost of Goods Sold, Equity, Expenses, Liabilities, Other Expenses, Other Revenue, Revenue) and create labels on your financial statements. Some examples of account classes are Current Assets, Other Assets, Fixed Assets, Current Liabilities, Long Term Liabilities, and Other Liabilities.