It also discuss the right-click options that are available from the Accounts List tab and specifics about the Accounts General, Detail, Units of Measure, Prices, Distributions, and Templates tabs. Financial analysis can also be used to create actual-to-budget comparisons. This video covers the setup for your company and vendor bank accounts to properly format and process ACH vendor payments electronically from your bank account directly to your vendor’s bank account. This video covers the various ways payments can be processed for cash purchases in CenterPoint; handwritten, computer generated, adding to an ACH payment, line of credit purchases, or to pay open vendor invoices. This video discusses how to give access or restrict certain reports, or report information.
- In the example displayed below, the Building Repairs, Equipment Repairs and Truck Repairs are all subaccounts of the Repair Expense account.
- 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.
- Positive pay allows banks to match the checks a company/funds issues with those that are presented for payment.
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.
This video discusses the process of entering beginning account balances into a new CenterPoint database which will describe the financial picture of your business before entering first transactions in CenterPoint. This video covers how to customize the various numbers in your CenterPoint data, for example check, invoice, and bank deposit slip numbers. Each sequence type is reviewed, as well as the options available for formatting the numbers and how to handle duplicate numbers. This video discusses setting up database users which allows CenterPoint to track the transactions entered or modified by each user and authorize which processes they can access. CenterPoint Depreciation is a powerful fixed asset management solution that can be added for more powerful fixed asset management.
This preference is available when the Fund Accounting program has Purchase Orders activated. It allows you to select a default Reserve for Encumbrances account used as the offset to line items on purchase orders when a purchase order is encumbered. The Reserve for Encumbrances and Offset Accounts are used in general journal entries to book the reserve for encumbrances on the Balance Sheet.
- This video discusses how to assign the same amount to multiple periods in a budget.
- Instead, sales items simply provide a convenient list of items that you can include on sales invoices.
- Reports read the activity recorded to the accounts and/or balances of accounts.
- Once the budget is complete, the spreadsheet’s values can easily be imported into CenterPoint.
- The Purchase Order module includes tools to help users manage purchases and requisitions.
- It also discusses the differences between the general journal transaction types.
Purchase Order Module
Track cash receipts, disbursements, journal entries and other types of transactions. Create customized budgets for each fund including grants, departments or projects. This video discusses how to allocate an amount to multiple periods in a budget. This is useful when, for example you budget an amount for an expense for an entire year but want the amount allocated (divided) over multiple (twelve) periods. This video discusses how to assign the same amount to multiple periods in a budget.
Change the Status of an Existing Account
I like the ability to have as detailed of information as you need from reports. This video discusses how to format and print a budget from the budgeting tool. The video guides you through the steps needed to set up CenterPoint to prepare for processing 1099 forms.
Transaction Search
Extremely flexible and robust options are included to set up and pay employee garnishments. An online time clock for use with CenterPoint Payroll that enables employees and centerpoint fund accounting supervisors to enter time online and request time off, from any web-enabled device where the internet is available. Accounts can be created to track each liability to the Fund that the liability is for. Assets can be tracked down to an individual fixed/capital asset level.
Reporting within CenterPoint includes the presentation of the Flow of Funds, Balance Sheet, and Income Statement in a customizable spreadsheet format. These reports can be viewed with multiple periods side-by-side and allow for the comparison of acutal to budget information. CenterPoint Accounting Software is a financial management software for startups and small organizations. This video discusses how to reconcile transactions entered in CenterPoint to the bank statement received each month from your bank. The summary will identify if there are differences between your reconciliation and the bank statement balance.
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.
If your bank is not one of the pre-defined layouts, please contact Red Wing Software Technical Support for assistance on having a positive pay format defined. This video covers entering the sale of goods or services with customer sales invoices. A sales invoice will increase or decrease an Accounts Receivable account and is typically offset by a Revenue account.
CenterPoint Accounting Software for Agriculture
This video covers the Report menus, the organization of CenterPoint reports, finding reports, report selection filters that determine the information that will display on the report, previewing, and printing reports. This video discusses how sales groups provide a way to group various sales and/or inventory items for sales reporting. Default accounts can also be assigned to items by selecting the appropriate sales group. Enter a cash check without entering Accounts Payable, or select vendors and pay invoices due. The Permits module for CenterPoint Fund Accounting for Municipals allows municipal organizations complete management of their permits, including setup and maintenance, processing, and permit payments. The Permits Module includes management of properties and property owners as well as collecting fees and issuing permits.
Accounts Payable
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.
This video discusses the process of creating a purchase order from a sales order when a customer special orders a product or orders an item that is currently out of stock in your inventory. This video covers the last step required to process ACH electronic payments, the creation of the ACH File that will be sent to the bank and used to transfer the funds. This video covers how to enter a refund check received from a vendor for goods/services you’ve already entered the invoice for and paid the vendor .
Maintenance Menu
A customizable dashboard can be configured to show key financial figures at a glance when the database is first opened. Get a better idea of the features that CenterPoint Fund Accounting has to offer. This video discusses the Accrued Interest feature in CenterPoint which allows you to have the system record accrued interest liability on a monthly basis without you having to manual enter general journal entries for accrued interest. This video discusses how to open, copy or delete an existing budget.