Course Description

You will leave these classes with the knowledge, skills, and the confidence you need to improve productivity and accuracy in your accounting practices. You can choose to attend only one day, two days, or all three days.

Preferences and Set Up
Day 1 - Morning

Whether you are a brand new Red Wing Software customer or you are migrating from other Red Wing Software products, you will learn how to set up CenterPoint to maximize the value of the cash and accrual information you retrieve. Discover practical techniques and identify commonly used timesaving shortcuts to help you set up and maintain your company, accounts, names, and other set up items. You will learn how to customize CenterPoint to fit your operations individual needs through preferences and other customization features.

Transactions
Day 1 - Afternoon

Transform the way you execute, manage, and track critical financial transactions. You will learn how to enter various farm expenses, payables, income and receivable transactions. The session will also show you how to use reporting tools and transaction search to quickly edit, delete, void, and reprint previously entered transactions. You will also review bank transfers and bank reconciliation.

Process Farm Loans, Customize Reports and Crop Production Set Up
Day 2 - Morning

The profitability of your operation depends on good financial management. In this session, you will learn how to efficiently manage fixed assets and depreciation entries, as well as how to process basic and advanced farm loans including accrued interest transactions. See first-hand how you can customize your reports and organize your data, so you see the reports the way you need to see them specifically for your operation. We will also review crop production set up and transactions.

Account Distributions, Livestock Production Set Up and Tax Reporting
Day 2 - Afternoon

In this session, you will learn how to set up livestock production transactions, as well as how to use the account distributions within CenterPoint. You will apply your training methods to produce a 1040 Schedule F that will help you to maximize your time spent for tax preparation.

Budgets, Financial and Production Analysis
Day 3 - Morning

Effectively analyze the profitability of your operation. This session wraps up the accounting portion of training with budget entry and how to use financial and production analysis to your benefit. Cost of production is always top of mind and CenterPoint offers a tool to help you gain the competitive advantage every producer needs. You will learn the basics of production analysis within CenterPoint to help you create break-even analysis to maximize your profit.

Payroll
Day 3 - Afternoon

You will learn how to maintain the setup of employers, employees, earnings, deductions and taxes. This session will cover the setup and use of vacation and sick leave, and everything you need to know to set up direct deposit.

We'll take you through the details of time-entry, payroll processing, and posting entries to CenterPoint Accounting. We'll teach you how to use an alternate language check stub. We will discuss the payroll reports available in CenterPoint and how to take advantage of them.

You will learn how to process, review, and edit information for use with the tax forms package to allow printing and electronic submission of payroll tax forms including W2s.