What's New in CenterPoint Accounting for Agriculture

*Incremental version that is available on demand. Call Red Wing Software Technical Support to request this update.

View a What's New in CenterPoint Accounting for Agriculture Version 12 Video

Version 12.6*

  • Reports > Reports > Financial Statements > Cash Basis Income Statement and Balance Sheet and Cash Basis User-Defined Reports - Cost of Goods Sold adjustments will now be included when a livestock operation reports taxes on an accrual basis and purchased livestock is sold via an Accounts Receivable invoice.

Version 12.5*

  • Active directory security – Modified service bureau active directory security to allow the selection of active directory users or groups.

Version 12.4*

  • Fixes
    • Processes > Purchases > Print/Email Checks (Advices)
      • Filter - You can now select Line of Credit accounts in the Bank Account filter.

      • Payments entered that are offset to another bank account or line of credit account, can now be printed/reprinted or emailed/resent.

      • Payments entered to a Revenue account can now be printed/reprinted or emailed/resent.

Version 12.3*

  • Fixes
    • Processes > ACH Files > Create ACH File
      • The detail record trace number (sequence number) will now begin with 0000001 and increment sequentially for each company/batch in the ACH file.
      • When Transaction Code 52 - Loan Account (Credit) is set for a vendor on the Setup > Vendors > ACH Payments tab, invoice amounts for the vendor will now be included in the sum of the offsetting debit.

Version 12.2*

  • Released to keep the version number consistent with other CenterPoint products.

Version 12.1*

  • Fixes
    • Reports >Reports > Transaction Reports > Purchases & Accounts Payable > Vendor Aging - The vendor abbreviation will now print on the report.
  • Fixes
    • CenterPoint Data Importer - When the Type of Import is set to Transactions - Customer Invoices, the Unit Price will now be imported from the .CSV file.

Version 12.0

  • File

    • Preferences
      • Email Setup > Vendor Checks (Pay Advices) and Vendor Invoices > Emailing Checks - This preference allows you to specify the default (template) e-mail message, subject, check type and stub type to use for emailed vendor checks (pay advices).

      • Printing > Checks- Added a new ACH Payment Advice check type which replaces the dollar amount terminology with the words NON-NEGOTIABLE.

    • Administration > Lock Periods - The period will now display the period containing the current system date if it is not locked, otherwise it will display as the first unlocked period following the current system date. If all periods are locked, the period will be set to the last period or if there is no period containing the current system date, the period is set to the most recent period in the database.

    • Security > Security Policies - Added menu level security policies for Processes > Purchases > Print/Email Checks (Advices) and Processes > Sales > Print/Email Invoices and Print/Email Receipts.

    • New > Data Transfers > Quickbooks - Added the ability to import master data from QuickBooks® software into CenterPoint.

  • Setup
    • Names > Names > Email/Print tab - Added a new Checks (Advices) column to the Email Addresses and Options grid.
    • Accounts

      • Accounts > Detail tab > Detail tab > Positive Pay Detail tab - .Added a positive pay export format for MB Financial Bank, US Bank, and BMO (Harris) Bank.

      • Account Categories > List tab - Added an optional Is Active available column.

    • Companies > Additional Detail tab

      • Changed the Company Type of Limited Liability Corporation to Limited Liability Company.

      • Added the Company Type of Trust.

    • Fixed Assets > Fixed Assets - When right-clicking and setting the default accounts for the Accumulated Depreciation and Depreciation Expense accounts, a message now displays that describes that default accounts are set at the parent general ledger account on the Detail tab.

  • Processes

    • ACH Processing - Added new features that will allow you to electronically transfer payment from your bank to a payee through the Automated Clearing House (ACH). For detailed information, please see the ACH: Setup & Processing document.

    • Sales

      • Receipts - Added an Email button to the receipt screen which allows you to attach a PDF copy of the receipt in an email if the customer is set to receive emails or if the Email Settings are set to receive an email.
      • Print/Email Invoices - Added a new menu that allows you to print/reprint or email/resend invoices. This menu replaces the Print/Email Checks/Invoices menu.

      • Receipts > Print/Email Receipts - Added a new menu that allows you to print/reprint or email/resend receipts.

      • Customer Invoices (Basic) and Receipts - Added an optional Associated Company column to the data entry grid.

    • Purchases
      • Print/Email Check (Advices) - Added a new menu that allows you to print/reprint checks  and email/resend payment advices.

      • Vendors Invoices (A/P) and Payments - Added an optional Associated Company column to the data entry grid.

    • Production

      • Expense Applied Work in Process Products - Added a menu that allows you to expense work in process account balances assigned to a selected crop production center detail. Selecting the crop production center detail lists the products previously assigned to the detail. Post transfers all displayed values to each product's offset cost of goods account.

      • Apply Crop Inputs by Product > Review - When editing a distribution of an ingredient in an application transaction with a zero balance, select the original row, click Delete, and then Post the transaction. Reenter the transaction again to readjust the values.

  • Reports
    • Transaction Reports

      • Payments/Receipts Journal (Summary) and Payments/Receipts Journal - The summary and detail versions of the reports will now consistently report the same transaction information.

      • Payments Journal - The Payee column will now display as a default on the report.

      • Payments Journal and Payments Journal (Summary) - Added a Display Notation filter that will allow you to include a notation under each entry rather than in a separate column on the report.

      • General Ledger > General Ledger - If an account is maintained by a management detail (profit/production center, etc.) and a management detail filter is applied to the report, the beginning and ending balance will now be filtered by the management detail. Accounts not maintained by a management detail will now have the beginning and ending balance suppressed when a management detail filter is applied to the report.

      • Sales & Accounts Receivable > Sales Detail with Gross Margin - Added a Sales Group and Sales Group Abbreviation available column to the report. Also added an optional Sales Group report selection filter to the report.

  • Fixes

    • File > Backup - You will no longer receive an error when the Backup screen is closed and the File > Preferences > General > Backup is set to back up when you exit CenterPoint and the File > Preferences > General > Base Settings Right Click Options is set to Database.

    • Transactions

      • New crop production detail can now be added on the Detail screen from the Production Center Detail lookup screen by clicking New without receiving an error.
      • When a transaction screen is selected where a Name is set to load by default and that name is set to load a default recurring transaction, the recurring transaction will now display as defined without error.

    • Processes > Banking > Bank Reconciliation > Fees & Interest tab - Multiple bank fees or interest earned will now be saved when the bank reconciliation is saved.

    • Setup

      • Accounts > Accounts > Balances tab
        • For modified cash balances in a WIP or RM account, the Retained Earnings balance will now update and correspond with the balance sheet figure.

        • Beginning Period - The beginning balance amount entered will now replace the current 0.00 value in the field.

      • Profit/Production Centers > Crop Production Center Details - When deleting any transaction that had quantities not equal to zero with production center detail, crop production center Production Information total quantities will no longer be assigned negative values.

    • Reports

      • Reporting Tools

        • Transaction Search
          • When searching for payment history using the Extended Detail with Break on Transaction format definition and displaying activity linked to the original transaction, the Notation column will now display the notation associated with the detail in the original invoice.

          • When a check is voided with the Reissue Check option selected, the check will no longer print a blank check stub.

        • Budgets

          • You can now use the Edit > Adjustments or Copy To Budget menu selections on a budget marked with security Limitation filters without error.

      • User-defined/Tax Reports - If the User Defined Report Used For Tax Reporting in Setup > Companies > Tax Reports does not include a selection, you will no longer receive an error when running the Schedule C/1040 Schedule F; the report will, however, appear blank until the tax report is assigned.

      • Transaction Reports

        • General Ledger > Cash Basis General Ledger - Payments made to negative vendor invoices with multiple offsetting lines will now display correctly on the report.

        • Purchases & Accounts Payable > Vendor Aging - The report will no longer combine vendors with the same name or abbreviation.

      • Financial Statements

        • Income Statement (Actual/Budget) - The YTD Budget % of Sales column can now be added to the report without receiving an error.

        • Income Statement - You will no longer receive an error when the Current Year UOM1 Name or Current Year UOM2 Name columns are added to the report and the Include Accounts report selection filter is set to All Active.

  • Setup
    • Customers > Email/Print tab and Vendors Email/Print tab - Added a new Checks (Advices) column to the Email Addresses and Options grid.

    • Customers > Accounting tab - Added a right-click Set As Default option to the Billing Statement Type. If a default option is set for a customer, it will be set for new customers. If a default is not set, new customers will default to the Balance Forward Billing Statement Type.

    •   Inventory > Update Prices from Vendor File
      • Improved the efficiency of the price update for all price update types.

      • Added a progress bar that will help estimate the time the price update will take to complete.

  • Processes > Customer Invoices - Added an optional Associated Company column to the data entry grid.

  • Reports > Reports > Transaction Reports > Sales & Accounts Receivable

    • Customer Item Sales (Detail) - Added the following optional columns to the report: Contact, Description, Address1, Address2, Address3, City, State, and Zip.

    • Sales Journal - Added the following available columns to the report: Shipping Method, Shipping Method Abbreviation, Terms, and Terms Abbreviation. Also added the following optional report selection filters to the report: Shipping Method and Terms.

  • Processes > Sales > Sales Orders
    • (Edit/Fill/Invoice) > Fill Single Order > Create Invoice - Added an Email Invoices? check box which gives you the ability to email an invoice for a single order.

    • Added an optional Associated Company column to the data entry grid.

  • Fixes

    • Processes > Sales > Sales Orders (Edit, Fill, Invoice) - If the amount of a sales order is increased, the customer deposit amount will no longer apply more than what is available to apply.

  • Fixes

    • Setup > Inventory > Items > Detail > Purchase Information tab - The Standard and Last Cost decimal places will now round as set in File > Preferences > General > Cost and Price Decimal > Cost setting.

    • Reports > Reports > Transaction Reports > Assemblies > Assembled Item History (Summary) - When the Transaction Id report selection filter is added to the report, it can now can be used to filter the report without error.
    • Reports > Reports > Setup Lists > Sales Items > Inventory Purchase Information and Inventory Purchase Information by Location - The report will now include all inventory items and locations.
  • Processes > Purchases
    • Receive Purchase Orders - Added an optional Inventory Location column to the grid.

    • Added an optional Associated Company column to the data entry grid.

  • Processes > Depreciation > Compliance Validation - The SUV Section 179 test will no longer display as failed when there is more than one asset evaluated for the SUV 179 limit and the Results tab displays the correct Section 179.

  • Reports > Reports > Fixed Assets

    • Fixed Asset Listing, Beginning Fixed Asset Listing, Fixed Asset Acquisitions, and Fixed Asset Dispositions - Added the following optional columns to the reports: Listed Property Type Abbreviation and Listed Property Type.

  • Setup > Fixed Assets > Fixed Assets - When right-clicking and setting the default accounts for the Accumulated Depreciation and Depreciation Expense accounts, a message now displays that describes that default accounts are set at the parent general ledger account on the Detail tab.

  • Fixes

    • Reports > Reports > Fixed Assets > Fixed Asset Activity - The report will now display a Beginning Accumulated Depreciation amount for each fixed asset

  • CenterPoint Data Importer
    • Names Import

      • When the Type of Import is set to Names, the Abbreviation column is now marked as a Required column in the file.

      • When the Type of Import is set to Names, added five new ACH related columns; ACHIsActive, ACHStandardEntryClass, ACHTransactionCode, ACHBankAccountNumber, and ACHBankRoutingNumber.
    • Sales Item Import
    • When the Type of Import is set to Sales Items, the SalesAccount, ReturnAllowancesAccount and SalesCategory columns are no longer required columns in the file.
    • When the Type of Import is set to Sales Items and the Import Action is Add and the import file contains abbreviations that exist in CenterPoint, the log will automatically display noting that the item couldn't be added while adding other unique data in the file.
    • When the Type of Import is set to Sales Items and the Import Action is Update and the import file contains abbreviations that don't exist in CenterPoint, the log will automatically display noting that the item couldn't be updated while updating the data with abbreviations that do exist in CenterPoint.