BE THE
HERO.
CenterPoint Fund Accounting for Municipals provides all the tools you need to be the hero of your city’s financial information.
Feel the Red Wing Software difference.
- Experienced, knowledgeable software technicians.
- Customer-driven program improvements.
- Five ways to learn!
Finish daily accounting and payroll tasks much faster. Care for a more enjoyable job?
- Simplify Bank Reconciliation with an easy to use, intuitive system.
- Track cash receipts, disbursements, journal entries and other types of transactions.
- Customize checks, stubs and invoices with an easy to use Forms Designer
- Integrated payroll
Easily provide up to the minute financial information - whenever you, your auditor or your council needs it.
- Create customized budgets for each fund including grants, departments or projects.
- Departmental & Custom Reporting
- Budget vs. Actual Variance Monthly Reporting
Cut out end of year stress for good.
- No Monthly or Year-end Closing Procedure Required
- Tax filing
- Prepare Annual Report In Just a Few Steps
Restore confidence with multiple layers of accuracy and security.
- Drill-down to Original Source Entries
- Audit trail
- User permission by feature
See Program Screen shots.
- Reports
- Forms Designer
- Budgeting
- and more..
Find Out if CenterPoint has the features you need.
Get a better idea of the features that CenterPoint Fund Accounting has to offer.
General System
Deployment
Cloud¹ or Locally Installed
Account Setup/Getting Started
Getting Started Checklist, step-by-step tutorial (includes documents and videos), and Red Wing Software Support Team assistance.
System Limits
Unlimited users, unlimited databases (Funds), unlimited history, and unlimited employees Payroll).
Security
Menu and function level security
Transaction Editing
All transactions within CenterPoint can be edited at any time to add or correct any details.
System Features
Import/Export
Information can be imported or exported into or out of CenterPoint. CenterPoint also allows the importing of data from other systems or exporting data to another system.
Number of Funds
Unlimited
Number of Users (Workstations)
Unlimited
Financial Management & Analysis
Budgeting & Forecasting
All accounting functionality needed to budget by individual Fund like general, capital project, street, pension, revenue, water/sewer, and more. Budgeting will also allow for budgeting of individual departments
Asset & Liability Tracking
Accounts can be created to track each liability to the Fund that the liability is for. Assets can be tracked down to an individual fixed/capital asset level.
Customizable Dashboard
A customizable dashboard can be configured to show key financial figures at a glance when the database is first opened.
Financial Analysis
Reporting within CenterPoint includes the presentation of the Flow of Funds, Balance Sheet, and Income Statement in a customizable spreadsheet format. These reports can be viewed with multiple periods side-by-side and allow for the comparison of acutal to budget information. Data can be exported to Excel for additional formatting.
Meets GASB (Governmental Accounting Standards Board)
The Statement of Revenue and Expenditures within CenterPoint follows the recommended format by the Government Accounting Standards Board.
Project Tracking
Track information by department, project, Fund and more.
General Ledger Features
Account Classes
Account classes are used to separate an account type (Assets, Cost of Goods Sold, Equity, Expenses, Liabilities, Other Expenses, Other Revenue, Revenue) and create labels on your financial statements. Some examples of account classes are Current Assets, Other Assets, Fixed Assets, Current Liabilities, Long Term Liabilities, and Other Liabilities. Pre-defined account classes can be changed for reporting purposes.
Department within Funds
Department tracking. Profit center/Department detail is for analysis purposes and does not affect tax information. When you look at the profit/loss of your operation for any given time span, profit centers/departments give you the power to pinpoint the status of each specific part of your operation.
Audit Trail
A good audit trail can help prevent and detect fraud. Seeing every action within your system by user can help you monitor their activity. If users know their activity is monitored, they are less likely to commit fraudulent activity. CenterPoint has an excellent audit trail and makes it easy to determine who entered a transaction, created date and time, how many times edited, who voided, and much more.
Bank Deposit
If you do not include your receipts in a deposit, all of your receipts will be listed separately when you reconcile your checkbook. This will make reconciling your bank statement difficult because your bank statement will summarize all of the amounts that are deposited simultaneously into one amount on your bank statement. Bank deposits are used in the Receipts transaction entry screens and are optional. Receipts with the same bank deposit number will be assigned to the same bank deposit. If you create a deposit and then add the transactions to that deposit, they will all be consolidated to a single line in checkbook reconciliation. Bank deposits will appear in the Bank Reconciliation screen on the Reconcile tab under Deposits and Other Credits.
Bank Reconciliation
Cash transactions entered in CenterPoint can be reconciled to the bank statement received each month from your bank in Processes > Banking > Bank Reconciliation. You can select specific funds, account categories, and accounts within the account category for reconciliation. You can create a new bank reconciliation or review an existing bank reconciliation. Bank fees charged and interest earned can be tracked in bank reconciliation. Checks, payments, deposits, and other credits can be cleared for reconciliation. A summary can be viewed to determine if there are differences between your reconciliation and the bank statement balance.
Document Attachment
Documents can be attached to the following setup screens in CenterPoint: Customers, Vendors, Names, and Employees or the following Transaction screens: Purchase Orders, Payments, Vendor Invoices(A/P), Sales Orders, Receipts, Customer Invoices (both basic and detail), and General Journal Entries. Files can be attached by scanning the documents, dragging and dropping existing files from your computer, or selecting an existing file.
Reports
Consolidated Reporting
CenterPoint provides an option for consolidated reporting. When you own or manage multiple companies, you may want to look at the financial information of one company on its own or have the option of combining the financials of several companies to look at together. Having the option to consolidate the financials of some or all companies can be extremely helpful. When you are able to get a financial picture of each company, you can make smart adjustments as necessary.
Customizable Reports
Customizable reporting in CenterPoint allows you to share your information by exporting your data to a spreadsheet, text editing program, and other popular formats. Combine or separate departments within a report--CenterPoint can compare variances between actual data and the percentage of the annual budget that has already been used. Reports can be saved for later use.
Standard Reports
CenterPoint contains hundreds of standard reports to choose from.
Drill Down/Interactive Reports
Drill down to original transactions - right from reports, by simply clicking on a field of information.
Billing & Accounts Receivable
Permits Module* (links to page)
The Permits module for CenterPoint Fund Accounting for Municipals allows municipal organizations complete management of their permits, including setup and maintenance, processing, and permit payments. The Permits Module includes management of properties and property owners as well as collecting fees and issuing permits.
Credit Cards
Record receipts from credit card payments.
Paying Invoices
1099 Management
1099 forms are easily managed and filed or eFiled from within CenterPoint.
Check Designer¹
Customize and save check and pay stub designs and save for later use.
ACH Payments
ACH processing allows you to deposit electronic payments directly into your vendor's bank account from CenterPoint.
Purchase Order Module¹
The Purchase Order module includes tools to help users manage purchases and requisitions. Standard or custom reports help users monitor all orders and the appropriate quantities for purchased items. Purchase orders can be easily produced, modified and received. Receipt of a purchase order automatically creates an accounts payable transaction for that vendor.
Encumbrances
This preference is available when the Fund Accounting program has Purchase Orders activated. It allows you to select a default Reserve for Encumbrances account used as the offset to line items on purchase orders when a purchase order is encumbered. The Reserve for Encumbrances and Offset Accounts are used in general journal entries to book the reserve for encumbrances on the Balance Sheet.
Additional Modules
Advanced AR¹
CenterPoint comes with basic accounts receivable functionality where you can enter invoices and know when payments are due, for better cash management. 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 in-depth reporting capabilities to manage and monitor receivables effectively.
Payroll¹
Number of Full Time Employees
Unlimited
Number of Part Time Employees
Unlimited
Security
Security can be set up at the menu level and function level. For example, security can be set up for specific functions that go beyond menu level, such as controlling who can print checks. Also for each transaction screen, you can set whether users can enter, view, edit, or delete data. Adding separate user logins enhances audit capability by tracking data entry/edit activity to the user.
Employee Portal² (Links to page)
CenterPoint Employee Portal provides your employees a simple way to interact with their personal payroll information online securely.
Direct Deposit
Deposit employee pay directly into their bank accounts. Direct Deposit also allows depositing of employee deductions or employer benefits directly into either health savings accounts or retirement savings accounts.
Publish Pay Advices¹ (Links to page)
Provide employees with information about their pay, benefits, and other information, and eliminate the need to print and distribute paper pay stubs. Online pay stubs can simply be published, and employees receive a notification when a new pay stub has been published.
Online Time Clock¹ (Links to page)
An online time clock for use with CenterPoint Payroll that enables employees and supervisors to enter time online and request time off, from any web-enabled device where the internet is available.
Check Designer¹
Customize and save check and pay stub designs and save for later use.
401K/Retirement Export (Custom Written Export)¹
Export 401K/Retirement information in the format required by your provider.
Tax Filing
Built-in Federal and State tax forms - even multi-state. Tax filing is made easy with the ability to print on plain paper and send or file electronically.
Tax Filing Additional Services (Aatrix)²
Choose a full-service W-2 and 1099 fulfillment option as an added resource, which signivicantly reduces the time spent on year-end processes.
Pay out of Multiple Funds
Pay for employees can be set up to come out of multiple Funds, as your city chooses. This can be done by issuing multiple checks for an employee or by using the multi-fund payroll option and producing a single check for employees working in multiple Funds.
Time Clock Import (From Physical Time Clock)
Import time from virtually any time clock that accepts the universal ASCII file format.
Print Checks on Plain Paper
CenterPoint offers the ability to print checks on check paper or to fit within a preprinted check.
Track/Pay Employee Garnishment
Extremely flexible and robust options are included to set up and pay employee garnishments.
Sick Time Calculations
Set up and calculate employee sick time. Leave balances and activity can be displayed on the employee pay stub.
Vacation/Leave Accrual Tracking
Set up and calculate employee vacation/leave. Leave balances and activity can be displayed on the employee pay stub.
Document Attachment
Documents can be attached to the following setup screens in CenterPoint: Customers, Vendors, Names, and Employees or the following Transaction screens: Purchase Orders, Payments, Vendor Invoices(A/P), Sales Orders, Receipts, Customer Invoices (both basic and detail), and General Journal Entries. Files can be attached by scanning the documents, dragging and dropping existing files from your computer, or selecting an existing file.
Ability to Print W-2/W-3
Filing W-2/W-3 forms in CenterPoint is simple.
Ability to Print Quarterly Reports
CenterPoint offers complete management of quarterly reports.
ACA Reporting
ACA (Affordable Care Act) reporting is included as a standard feature.
Pay Vendor Liability via Checks or ACH
Payroll vendor payments are made easy with the flexibility to pay vendors with checks or via ACH.
Human Resources (within CenterPoint Payroll)
Track Employee Training/Certification¹
Keep track of training and certifications earned by employees with the Employee Certification Tracking option. Track training completion and expiration dates as well as additional notes.
OSHA Module¹
The OSHA module is used to track employee injuries and illnesses, specific details regarding the incident, treatment, and workers' compensation claims. The Employee Work-Related Injury and Illness Summary report allows you to report on the information entered into the module.
Employee Portal¹
CenterPoint Employee Portal provides your employees a simple way to interact with their personal payroll information online securely.
Utility Billing
Diversified Utility Billing⁴
Municipals can streamline processes by implementing the Diversified Utility Billing System.
Billing files from the Diversified Utility Billing System can be imported into CenterPoint Fund Accounting for Municipals.
Training & Support
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.
Unparalleled U.S. based Support (Link to page)
Red Wing Software offers unlimited, high-quality U.S.-based support by experts who understand the program and know how to help you succeed.
In-Program and Online Help
Topic-specific help is available within CenterPoint with a push of the F1 button or a simple click of the help icon and at www.redwingsoftware.com.
Help Videos
Help Videos are available from the Red Wing Software website and within the CenterPoint program. Videos are best viewed with a high-speed internet connection, are available 24 hours a day, and can be viewed from the comfort of your own home or office. Most Help videos are under 10 minutes and designed to help you become familiar with your software program in the shortest time.
Online Classroom Training³
Attendees join a scheduled Online Classroom Training session with other Red Wing Software users. Sessions are presented by an experienced Red Wing Software instructor. Online Classroom Training is the most comprehensive way to learn how to use CenterPoint programs.
Online Training³
Scheduled Online Training sessions provide you with in-depth, topic-specific information and explanations that allow you to learn more about CenterPoint from any location where you can access the internet (high-speed internet connection recommended). The scheduled Online Training sessions are presented live by one of our CenterPoint experts while you view the presenter's computer screen.
On Demand Training Videos³
On Demand Training Videos are recordings of the Online Training sessions that are offered for purchase after the live sessions. The pre-recorded sessions can be purchased with 30-day access and can be viewed as many times as you like during the 30 days. (If you attend a live Online Training session, you receive the 30-day access free.)
Personalized and Group Training³
Training is available in groups or personalized and can be done via the web or in person.
Implementation³
For those who prefer a more personalized option, Implementation Services are also available and can be provided over the internet or in person.