What's New in CenterPoint® Fund Accounting Version 20

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

Prior Version Releases

What's New in Version 20.0 Video

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Version 20.4

  • File
    • Preferences
      • Federal/State Tax Forms - Added a new preference group containing Aatrix File Information and Paid Preparer/Designee settings. The Designee information now transfers to Aatrix automatically. The Aatrix File Information preference was moved from the Reports group.
      • Backup - Added a Backup User Files section that allows you to automatically display the backup screen when exiting CenterPoint (just as if you selected File > Backup > Backup User Files).
    • Security > Password Security Options - Increased maximum allowed selection for Passwords to Remember from 5 to 99.
  • Setup
    • Accounts > Accounts & Fixed Assets > Fixed Assets- The Name field has been extended from 30 to 50 characters.
  • Processes
    • Banking > Bank Reconciliation
      • Added the Attachments (paperclip) and Attachments Scanner buttons to easily scan and attach bank statements to reconciliations.
      • The Save, Cancel, Statement Balance, Close, and Help buttons are now accessible from any tab.
    • Purchases > Payments - Added a Push Pin icon toggle that lets you pin a Sequence for later payment entries; pinned Sequences override vendor defaults.
    • Transactions - Added a new Edit Notes right-click option that allows adding or editing Additional Notes from transaction screens with a Name/Customer/Vendor lookup.
  • Reports
    • Transaction Reports > Banking > Bank Register -Added an optional Display Deleted Checks filter to run the report without gaps in receipt numbers.
  • Fixes
    • Setup > Names > Custom Name Fields - When a custom name field has a Type of Text and includes a % symbol is changed from the Type of Text to Percentage, the custom name fields with a Type of Percentage will now display correctly.

  • Fixes
    • Purchases > Purchase Orders and Purchase Order Maintenance - The Accounts button will now display so you can change the default accounts set in File > Preferences > Vendor Invoices > Default Accounts.

  • CenterPoint Data Importer
    •  Added a Profit Center/Department import type for importing profit centers and departments.
    • When the Type of Import is set to Customers, Vendors, or Names, added a Cell Phone field to import cell phone numbers for the default location. 

Version 20.3*

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

Version 20.0/20.1/20.2

  • Quick List - The number of tasks in a grouping will now display in the Past Due, Due Today, Due This Week, and Due Later group headers.
  • File > Preferences
    • Customer Invoices > Aging Period - Added a new preference that allows for the creation of custom aging periods for billing statements and reports instead of the standard 1-30, 31-60 and 61-90.
    • General > File Attachments - Improved the efficiency of transferring all attachments to a repository from a large database.
    • Added a Search feature which allows users to find preference settings easier.
  • Setup
    • Vendors and Names > Names - Added a Payments Sequence lookup that allows you to set a unique sequence number by vendor. This sequence will be used by default when this vendor is selected in the Payments screen. This field is also available in Mass Update and on the Vendor Setup List report.
    • Names > Names, Customers, Vendors - The Additional Notes button will now display as a Notes icon at the bottom of the screen. This icon is accessible from any tab, allowing notes to be entered easily no matter where in the setup they occur. The icon will display with a yellow background when notes are added.
    • Names > Payment Terms - When the Payment Term Type is Due on Day of Month, new month selections allow you to set up quarterly, annual, or custom payment terms.
    • Accounts > Balances - Improved the performance when selecting a different company and period to view balances.
  • Processes
    • Banking
      • Bank Transaction Import ‑ Easily import transactions directly from your bank using the new Bank Transaction Import. This streamlined process uses the power of Plaid to seamlessly integrate with most financial institutions, eliminating a manual export/import process.
      • Positive Pay Issue Files - The vendor's Pay To Contact Name will now be included in the positive pay file if the Print Contact on Forms check box is selected for a vendor.
    • Sales > Billing Statements - Added Unit of Measure Abbreviation and Unit of Measure Name as Available columns to all billing statements.
    • Purchases
      • Payments and Processes > Purchases > Print/Email Checks - You can now select the check and stub on the fly from the Print Settings screen, without modifying preferences.
      •   Pay Invoices Due
        • You can now change the due date of an unpaid payroll liability due date by right-clicking on an a row expanded to the invoice level and selecting Change Due Date.
        • Added a Display All Invoices option that allows you to see all unpaid invoices rather than only those with certain invoice dates or due date. The last used Find By option will display when the Pay Invoices Due screen is opened.
    • Batch Transactions > Edit - Unposted transactions can now be edited if the date on the transaction is in a period that is locked.
    • Transaction Search - Quickly find payments applied to a paid invoice using the new Review Payments/Receipts button, so you can make the changes you need faster.
  • Reports
    • Federal & State Payroll Forms & Reports > Federal Tax Forms - From the Reports box, you can now determine which federal reports are your most often used and add them to a Favorites section at the top of the Report List.
    • When using the Report Selection Filters, the selected report will now display in a blue highlight, and the name will appear above the Report Selection Filters.
    • Financial Statements
      • Ratios (5 Year Comparison) - Improved the performance of the report when it is filtered for multiple companies for large database.
      • Balance Sheets - Added the following available columns: Current Year, Year 2 - Year 5 Quantity 1 and 2, Variance % and Amount, Book, Cash, and Market values, and Q1 & Q2 Price which will provide the option of including side-by-side columns for multiple company comparison.
    • Preview > Columns tab - Added a Header Override that allows you to change the column heading label for a column generated based on the data represented in the column, for example period column names on Income Statements and Balance Sheets.
    • Transaction Reports > Purchases & Accounts Payable > Open Invoices - Filter the report by Due Date with a new optional Due Date report selection filter
  • Reporting Tools > Budgets > File > Open - Added the ability to inactivate budgets from the Activate/Deactivate right-click option so by default they don't show on the Open a Budget screen
  • Fixes 
    • Help > Online Updates > Check For Online Updates - Resolved an issue that prevented online updates from displaying correctly.
    • Reports
      • Transaction Reports > Purchases & Accounts Payable > Vendor Ledger - Accounts Payable invoices that are part of a Payment transaction will now be treated as an overpayment and displayed in the Payments section rather than the Invoices section of the Vendor Ledger report.
      • Project Reports > Project Detail - When a payment includes multiple detail lines with the same amount and project, both detail lines will now display on the report.
    • Processes
      •  Special Transactions
        • When a template is selected that assigns default values to items, calculations will now display accurately.
      • Purchases
        • Payments - Edited vendor invoices with an over payment will now display the correct over payment amount.
        • Pay Invoices Due > Options - Invoices now appear successfully when using the Find Invoices by Discount Date option.
  • File > Preferences > Credit Limit - If a customer is on credit hold, new invoices cannot be saved/posted unless they are paid in full; this preference now allows you to optionally require outstanding balances to be fully paid.
  • Setup
    •   Customers
      • Addresses tab - Added an optional Contact column to the left side of the screen.
      • General tab - The Credit Hold check box is now always available and does not depend on the setting in File > Preferences > Customer Invoices > Credit Limits.
      • Processes > Sales > Calculate Finance Charges - Added a Profit Center box that allows you to calculate/post finance charges to a specific profit center.
    • Sales > Sales Item - The name entered for custom name fields in File > Preferences > Items > Item Custom Name Fields will not be used when you add a custom name field column to the list tab and filters for custom fields have been added to the Filters tab.
  • Processes > Sales > Calculate Finance Charges - Added a Profit Center box that allows you to calculate/post finance charges to a specific profit center.
  • Reports > Transaction Reports > Sales & Accounts Receivable > Customer Credit Usage - The report will now always reflect current data (removed the Month column and filter), the Customer Balance and Available Credit columns will include available customer deposits, and new Average Days to Pay and Average Days Late columns were added to the report.
  • Fixes
    • Setup > Sales > Sales Item
      • Cost and price decimal places will now be applied correctly when the decimal places are changed after editing an item
  • Fixes
    • Reports > Transaction Reports > Purchase Orders > Purchase Orders report - When a purchase order includes multiple detail lines with received and not received quantities, the Quantity Not Received column will now report accurately.
  • CenterPoint Data Importer
    • When Transaction - AP Invoices or Transactions - AR Invoices are selected for the Type of Import and a transaction is imported with a parent account on a detail line, you will now receive an invalid account message to prevent posting to a parent account.
    • When the Import Type is set to Transactions - AP Invoices added a multi-segmented account field.
  • Rest API
    •  When a PaymentTypeId is set in the A/R Payments REST API, it will now update CenterPoint.
    • Added a Check / Ref # field to the A/R Payments REST API.
    • When a vendor or customer is updated and the First Name or Middle Initial fields are left blank, the underlying Name will be marked correctly as either a business or an individual.
    • Terms will now be set/calculated for AP invoices in a manner consistent with how they are set in the CenterPoint user interface.
    • When an address is updated on a customer without a default address/location is updated, an address will now be added.