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Single Subject Training (Live Online)
Budgeting Basics for CenterPoint Accounting (Business) & CenterPoint Fund Accounting
This session provides you with the information necessary to become familiar with the CenterPoint Accounting for Agriculture Chart of Accounts and entering beginning balances.
Event Details:
This session is presented live, online by one of our CenterPoint experts and is recorded so it can be viewed at your own pace, at any time for 30 days after the session.
Presenter: Julie Strain
Red Wing Software Sales Engineer
Products Covered:
- CenterPoint Accounting
Red Wing Software reserves the right to cancel any class. If such a cancellation is necessary, registrants will be notified and attempt made to reschedule or make alternate arrangements (Professional Services, Webinar, etc.). Registrants will receive a full refund of the class fee, but Red Wing Software is not responsible for other costs incurred.
Substitutions may be made anytime before the start of class.
Budgeting Basics for CenterPoint Accounting (Business) & CenterPoint Fund Accounting
9:30 am - 11:30 am CDT
Price: $59
After attending this session, you will be able to:
- Understand the difference between Cash vs. Accrual accounting.
- Setup companies so tax entities are separate, and at the same time share accounts and analyze combined data.
- Determine the format of your accounts, set the display of your Chart of Accounts, and specify how inactive and personal accounts are used by setting Account preferences.
- Understand the account hierarchy which includes Account Type, Account Categories, Accounts (Level 1 and Level 2 and Level 3 sub-accounts), and Items (depreciable fixed assets).
- Edit account categories to maintain account balances by the appropriate management details.
- Create Balance Sheet accounts, including Raised and Purchased Inventory, Pre-Paid Product Purchases, Raw Materials, and WIP accounts.
- Create Income Statement accounts.
- Change the status of an existing account and combine accounts.
- Enter beginning balances for Balance Sheet including Raised and Purchased Inventory and entering transactions for creating beginning balances for Accounts Payable, and Accounts Receivable.
- Enter mid-year beginning balance General Journal entries for Income and Expense accounts.