CenterPoint is designed for ease of use. Simply enter data once and accounts are updated for double–entry accounting. Screens are intuitive, and the menu structure follows standard Microsoft® formats. You can set personalized menus and shortcuts to get you to the information you need, fast.
Get a true picture of your operation for management, advisors, and lenders with standard reports such as Income Statements, Cash Flows, Balance Sheets, and Budgets.
Use the ratios module to pinpoint areas of strength and weakness within your operation so you can increase profits and reverse negative trends. A wide variety of farm industry standard ratios are included, and there is no setup necessary as data is based on categories already set up within CenterPoint. Included are guidelines developed by the Ferguson Group for 33 ratios and indices, as well as the ratios recommended by the Farm Financial Standards Council. Powerful drill–down capabilities allow you to see the data behind the indicators, and trend information can be graphed for any number of years in your database. Analysis has never been so easy!
Take Control of Reports
Reports can be viewed on the screen, printed, exported to a variety of applications, or emailed to managers and lenders. You can easily modify a report by adding or removing columns of information, and drill down within a report to learn more about the data.
Uncover Strengths and Weaknesses
With CenterPoint management reports, you can uncover strengths and weaknesses and make adjustments to improve your position. View Balance Sheets by book value, market value, or modified cash value. Income Statements and Cash Flows have the versatility to show actual–to–budget, year–to–date, and current year to previous year(s) for trend analysis.
A Transaction Search tool helps you quickly reference prior transactions and drill down to the transaction detail and make changes if needed. Personalize the Quick List menu with functions that you use on a regular basis. You can even include custom reports and shortcuts to launch other commonly used applications. CenterPoint becomes your main hub for information management.
Gain the ability to create “what if” scenarios for your farm, and you’ll be able to project future sales, cash flow, income statements, and assets and liabilities. You’ll then be able to more accurately plan for future business strategies!
CenterPoint comes with basic accounts receivable functionality where you can enter invoices and know when payments are due for better cash management of your operation.
For more complex needs, an additional AR Module is available for purchase. This module provides enhanced, detailed billing statements, the ability to calculate sales tax, and sales commissions, as well as in-depth reporting capabilities to effectively manage and monitor receivables.
Included within CenterPoint Accounting for Agriculture is the ability to track cost and market value of all assets. Maintain original loan values and use amortization schedules to plan cash flow requirements.
CenterPoint Depreciation is a powerful fixed asset management solution that can be added for more powerful fixed asset management. It can be used along with CenterPoint Accounting for Agriculture or as a standalone system. Included are all current and historical formulas to help businesses maintain their fixed assets. CenterPoint calculates depreciation for federal and state tax reporting, as well as an unlimited number of schedules for management purposes, without having to enter assets multiple times. Replacing manual processes with CenterPoint Depreciation can help eliminate human errors, maximize tax benefits and plan for future purchases.
Create scenarios to project future sales, cash flow, and prepare business strategies.
Value and Versatility
Good financial data gives you the competitive edge and the confidence you need to make the best decisions for your operation.
CenterPoint Accounting for Agriculture software offers the best value for a suite of Ag–specific financial analysis tools that help you make smart business decisions to achieve your goals. It is the most versatile product on the market, yet it's easy to set up and use. CenterPoint is based on the newest technology, which provides unlimited opportunities for future development. Plus, it comes with the expertise of Red Wing Software and certified, local partners.
In–depth Management Capability
Owners and managers who want in–depth financial analysis have unlimited ability to structure and segment entire operations, profit centers, accounts, and inventories to track data, combine entities, and receive the most relevant reporting available today.
Assess the value of your inventories at any time and maintain up to two quantities in different units of measure for each commodity.
For more advanced inventory management, the Inventory Module is available for purchase. This module delivers a wide range of tools to track the cost and value of inventory to improve profitability. You are able to 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. Multiple inventory location management is available.
* Use of the Inventory Module requires purchase of the AR module.
The Sales Orders module allows users to easily transform quotes into orders, and quickly print quotes, orders and packing slips. Quotes and orders can easily be modified by using the Forms Designer within the software. 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.
* Use of the Sales Order Module requires purchase of the AR module.
The purchase order module includes tools to help users keep the best sellers in stock and limit the slower moving items. Standard reports help users monitor stock and order the appropriate quantities for all inventory items. A ‘suggest orders’ function, can look at existing sales orders and/or past sales history, and create a suggested orders report from which users can immediately edit or place orders with vendors. Purchase orders can also be generated directly from sales orders. When users are entering orders for customers, they can easily see which items are currently on order.
* Use of the Purchase Orders Module requires purchase of the AR module.
The CenterPoint Management Accounting module allows owners and managers the ability to match costs to revenue for a more accurate picture of profitability. Cost Center reports allow managers to measure the impact of strategic decisions when managing costs for a particular responsibility center. Profit Center reports allow managers to match those costs against the revenue generated.
Is CenterPoint Management Accounting right for your business? Here are some recommendations that will help you evaluate if the management accounting module is right for you.
Do you have a designated business manager in place, or are you currently working with a consultant who understands management accounting that can handle the responsibilities and related accounting setup & processes?
Do you have good accounting practices in place and are currently collecting, recording and reporting financial information from several divisions or departments?
To help you better understand management accounting, the Farm Financial Council website offers a document titled “Management Accounting Guidelines for Agriculture Producers” that can be purchased and downloaded.
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. Customer Care Memberships also include all product and tax table updates, and product enhancements. We offer a variety of training options, including sessions at our facility in Red Wing, Minnesota, and throughout the U.S. Web training is also available, or you can choose to have a trainer come to your site to help with training and/or implementation.
Support & Service
Customer Care Membership
Customer care is our number one priority.
Unlimited phone support with guaranteed response times.
Email support submission available 24 hours per day. (Responses are limited to normal support hours.)
Software Enhancements and Version Updates
Enhancements and updates are sent automatically as long as your Customer Care Membership is current.
Training and Professional Service Discounts
Depending on the level of service you choose, you can receive up to a 50% discount on training.
Extensive Online Help
Included throughout the software are detailed step-by-step instructions and helpful how–to tips.