CenterPoint Accounting for Agriculture by Red Wing Software is a locally installed accounting software program designed to help you manage the financial information and operations of your farm. It tracks data on farms, fields, crops, and production and also performs budget forecasting and financial analysis for agricultural producers. It even includes a built-in payroll system to manage grower payrolls and tax data.
On the downside, prices are not publicly disclosed, so you won’t be able to gauge if it fits your budget. Also, it’s a bit difficult to use for nonbookkeepers. Learn if it’s worth considering through our detailed CenterPoint Accounting for Agriculture review.
We evaluate every farm accounting software we review using a specialized rubric that covers criteria essential for agricultural accounting. This approach allows us to create accurate and well-researched reviews and provide customized recommendations based on the unique accounting needs of farmers. By using this methodology, we are able to commit to the Fit Small Business Editorial Policy—which is to provide the best answers to people’s questions.
- Difficult for nonaccountants to use
- Pricing information isn’t publicly disclosed
- Advanced accounts receivable (A/R) module requires an additional fee
- Support requires customer care membership
- Can’t send recurring invoices
CenterPoint Accounting for Agriculture Alternatives & Comparison
Are you looking for something different? If you think your farm business can benefit from a general-purpose accounting platform, check out our guide to the best small business accounting software.
CenterPoint Accounting for Agriculture Reviews From Users
One user who left a positive CenterPoint Accounting for Agriculture review mentioned that it is easy to use. However, we believe CenterPoint Accounting is not as intuitive as cloud-based software—though it can be easy to use with sufficient practice or through collaboration with an experienced bookkeeper who is familiar with the software.
Another reviewer commented that the best part about the platform is that they could easily run the reports they need. They added that they could export the reports as needed. We can confirm that CenterPoint Accounting has strong reporting features, including the ability to generate reports in different categories, like production, audit, fixed asset, and payroll.
On the downside, one user with a negative CenterPoint Accounting for Agriculture review complained that the training classes are a bit expensive. This can be true, especially since it offers a wide range of features that require comprehensive training to use effectively. Also, another reviewer wishes that the platform could accommodate more inventory data, especially for companies like theirs with large inventory.
As of this writing, CenterPoint Accounting for Agriculture is rated 4 out of 5 based on over 20 reviews on Software Advice.
CenterPoint Accounting for Agriculture vs Competitors
We compared CenterPoint with other leading farm accounting software using our internal scoring rubric, and we achieved the following results:
CenterPoint Accounting for Agriculture vs Competitors FSB Case Study
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CenterPoint Accounting for Agriculture
Starting at $30 per month
$495 per farm
CenterPoint Accounting has a comprehensive set of farm-specific accounting features, earning a perfect score in the farm features category. Its general accounting features are also commendable, though it has a few weaknesses, such as the inability to create recurring invoices and connect to bank accounts.
It doesn’t do well in terms of pricing as the cost details aren’t provided on the website, implying that it might be expensive. Wave can be a great free alternative if you only need basic income and expense tracking. Further, if you need something that is easier to use, then you should consider QuickBooks Online or Wave.
CenterPoint Accounting for Agriculture Pricing
Prices for CenterPoint Accounting for Agriculture aren’t provided on Red Wing Software’s website. You’ll need to talk to a representative to request detailed CenterPoint Accounting for Agriculture pricing information or a customized quote for your specific farm accounting needs. You can sign up for a free demo before you buy the product.
CenterPoint Accounting for Agriculture’s low score in this criterion is due to its lack of upfront pricing. Also, it’s potentially expensive due to its robust set of farm-specific management features.
CenterPoint Accounting Notable New Features
- Customer invoice preview: A Preview Invoice button has been added so that you can see how your invoice looks before sending or printing it.
- Invoice form custom fields: You can now add custom fields to your customer invoice form.
- New lot/serial column: The new version of CenterPoint includes an optional lot/serial number column for assembly in inventory reports.
CenterPoint General Accounting Features
CenterPoint Accounting for Agriculture would have garnered a perfect score if it had the ability to create recurring invoices and provide easy access to external accountants. Despite these minor weaknesses, the program offers more accounting features than the other farm-specific software we review. As an example, it includes an accounts payable (A/P) module that lets you create recurring bills and it can track inventory across multiple locations.
The dashboard provides a quick overview of your farm and lets you access important information, such as accounts payable (A/P), A/R, net income, and current ratio. You can choose which custom reports to show on your dashboard, and you can remove or add columns to make them easy to understand. The dashboard is fully customizable to your specific needs:
You can find all your transactions from the Processes menu on the CenterPoint homepage. Each transaction form has its own fields, but you’ll notice some similar features. For instance, in every transaction, you’ll need to select a company, pick a bank account, and choose a vendor or customer. CenterPoint Accounting for Agriculture uses a lookup control for entering transactions. Click on the magnifying glass option, and the following screen will appear:
From the screen above, you can either choose an existing item or click the new button to enter a new company.
A standard A/R system is included in your standard subscription, and it’s designed for farmers with basic invoicing and receivable needs. You can use it to enter receipt transactions, enter an unpaid sales invoice, email customer invoices, add and email customer billing statements, and email or print invoices. Customer invoices can be quickly recorded on a single-tab consolidated entry form, as shown below:
If you need complex invoicing functions, such as the ability to create detailed billing statements, calculate sales tax and commissions, and create in-depth reports, CenterPoint offers an advanced A/R module add-on. The advanced A/R module allows you to use the other add-ons, such as the inventory module, sales order (SO) module, and purchase order (PO) module.
Customer invoices in CenterPoint Accounting for Agriculture aren’t as aesthetically pleasing as those in QuickBooks Online, but they’re decent enough for farm invoicing. Also, there’s no option for creating recurring invoices, which is a time-saving feature for those who have customers paying for regular services.
The A/P module allows you to manage your expenses and purchases efficiently. You can enter a payment without an invoice―record handwritten checks or quick checks―set up recurring transactions, use credit cards for payments, record community wages, and void a check or payment transaction.
You can also enter an unpaid vendor invoice, set up payment reminders, and print checks when you’re ready to pay. Entering a vendor invoice in CenterPoint Accounting is similar to entering a cash payment, but an A/P account is credited instead of cash:
If you have routine recurring transactions, like utility bills, rent payments, and a monthly software subscription, you can benefit from CenterPoint’s recurring features. When you set up recurring transactions, you don’t have to reenter the same details every time you make a transaction.
There are two ways to set up recurring transactions in CenterPoint Accounting for Agriculture. You can either process an individual recurring transaction or process bulk transactions at once.
From a normal transaction, click on the Recurring Transaction button on the transaction form, mark a checkbox next to the transaction, and then click Select:
CenterPoint Accounting’s PO module allows you to create POs for your vendors and track seller information, items being purchased, and delivery dates. If you already have the inventory module, you can add both inventory and noninventory items to the same PO. The vendor’s balance won’t adjust until you receive the item.
To create a new PO, click on the Purchases menu under Processes, choose Purchase Orders, and then tap the New button. You’ll be asked to provide details, such as the vendor, your company address, and your shipping method:
This enables you to convert quotes into customer orders as well as print quotes, orders, and packing slips. It helps you track quotes and orders placed by your customers. Once the goods or services have been delivered to the customer, the fill and invoice process deducts the items from inventory automatically, and an invoice is prepared to bill the customer. You can customize quotes and orders using the forms designer within the software.
To record a sales order, click on the Purchases menu under Processes, choose Sales Orders, and click New. From the Sales Orders screen, you need to provide information, including the customer and the destination of the item:
Tip: Quotes don’t affect your inventory or customer balances. Use the Quotes form when you’re providing pricing details to your customer. The Order form should be used when the customer agrees to purchase your products or services.
Transactions recorded in CenterPoint Accounting can be reconciled to your bank statement. From the reconciliation screen, click on the checkmark next to the transaction that has cleared the bank. Make sure that the cleared checks in CenterPoint match the total checks cleared on your bank statement:
CenterPoint Accounting allows you to write and print a check. The program enables you to print your checks at the time you record your transaction. If necessary, you can also print multiple checks as well as email and resend multiple checks. When printing checks, you’ll be assigned a default check number sequence. Choose the first check number and CenterPoint will continue with the next number accordingly.
CenterPoint Accounting for Agriculture has powerful budgeting and forecasting tools that allow you to create “what if” scenarios out of detailed financial information. This means that you can project future sales, income statements, cash flow, and assets and liabilities. You can also compare “what if” budgets and actual and projected figures in the future. This feature is extremely helpful if you’re planning to expand your farm business.
CenterPoint Accounting integrates with CenterPoint Payroll to help you streamline your payroll transactions. The system supports an unlimited number of employees and companies, and it includes e-filing options for payroll taxes. CenterPoint Payroll is an optional module that’s purchased separately.
If you have one or two employees and have no regular deductions like child support or health insurance, you can use the Payments form to pay your employees. With this basic payroll processing, you can process paychecks for your employees, record the amounts needed for your 941 or 943 deposit, and generate W-2s.
CenterPoint Accounting has a Payroll Summary Journal that reports the information generated after checks for employees are printed. This report can be a useful tool to help you complete 941 or 943 forms and pay your taxes:
You can scan and attach receipts or other documents to your transaction, if necessary. You can download your files from your computer or attach the documents with one-click scanning. Files can be attached to POs, sales orders, payments, vendor invoices, customer invoices, and journal entries.
Tip: Your scanner should have TWAIN capability to use it with CenterPoint.
CenterPoint Accounting for Agriculture includes a good selection of reports, including financial statements, balance sheets, income statements, and cash flow statements. You can also generate reports in different categories, such as production reports, audit reports, fixed asset reports, transaction reports, and payroll reports. CenterPoint runs reports on a cash basis, such as cash income statements and cash balance sheets.
CenterPoint Accounting for Agriculture is the only software we reviewed that gained a perfect score in this category. It offers all of the critical farm management features we wanted to see, such as the ability to set up cost centers, manage farm inventory items, and track fixed assets.
Fixed asset items in CenterPoint are created separately from accounts, but they’re associated with a general ledger. You can record the purchase of a new fixed asset during the purchase transaction entry, which would normally be a vendor invoice or a general journal entry. You can set up the item to depreciate and add a schedule reminder so that the program will alert you automatically when depreciation transactions must be recorded.
The standard CenterPoint Accounting inventory system allows you to track the cost and value of your farm inventory and maintain up to two quantities in different units of measurement for each commodity. If you need advanced inventory for an unlimited number of prices for each item, you need to purchase the inventory module. This module allows you to track inventory in multiple locations while making sure that your inventory reports and general ledger (GL) reports match.
When you have the inventory module, you can adjust inventory costs without adjusting quantities. For last-in, first-out (LIFO) and first-in, first-out (FIFO) valuations, including Serial and Lotted Inventory, you can choose the cost layers that you want to adjust. For Average Cost valuations, you can adjust the cost even without entering any quantities.
To make an adjustment to an inventory cost, click on Processes, choose Inventory, and then select Adjust Inventory Cost. The Adjust Inventory Cost form will require you to fill in some information, such as the company that the adjustment is for, the inventory account, and the adjustment date:
The production analysis tool provides a way to perform profitability comparisons on the individual areas of your farm operation. For instance, you can use it to track which fields and crops are the most profitable or analyze activity by lease agreements to understand the profitability of rented ground.
For a more visual comparison of your production detail, the system uses geospatial maps that are stored in your production centers. These are maps of your farm that are defined when setting up your production center detail or production center.
The maps include legends and color variations to represent production details. This means that when you view your fields by crops, you’ll see different colors representing each crop, which gives you a more accurate picture of your production. You can import maps from a third-party program, such as Shape Files or John Deere, or draw within CenterPoint using your mouse.
The ratios module helps you understand the strengths and weaknesses of your farm. The program includes a wide variety of standard ratios, including current ratio, gross profit ratio, A/R turnover ratio, and debt-to-equity ratio. All ratios are supported by a powerful drill-down capability so that you can see the numbers behind the indicators, giving you a more comprehensive analysis of your farm business.
You can view the graphs in different formats, such as tables, charts, and 3D graphics. CenterPoint has a huge variety of industry-standard ratios to calculate the final analysis patterns of your farm business.
To prepare a ratio, click on the Ratios tab under Reporting Tools. Select the company and date range, and pick the frequency you want to show on the X-axis of the ratio or index:
The management accounting module lets you track income and expenses on an actual cost basis rather than an accrual basis. Farm managers can use this module to analyze their farm business costs from each crop produced, activity, equipment, and other elements related to their farm. It allows you to evaluate expenses and revenues based on certain metrics, including acres, pounds, bushels, animals, or other units.
Larger farmers can set up profit centers and cost centers according to specific elements of their farm, helping them dive into their crop or livestock production segments and compare year to year.
CenterPoint Accounting Ease of Use & Customer Service
We wish that CenterPoint Accounting was easier to use, but that’s the tradeoff for offering such an extensive set of sophisticated features. We also wish it had an online payment integration.
In terms of support, Red Wing Software offers two levels of Customer Care Membership: Silver and Gold. Both packages include unlimited access to a toll-free support center, maintenance releases, tax tables, and discounts on training seminars. Gold members get additional benefits like a guaranteed next-available technician and a personalized one-hour online training session.
Those interested in CenterPoint Accounting for Agriculture can contact Red Wing Software by phone, by email, or through its online feedback form.
Our Expert Analysis
Based on our subjective evaluation of CenterPoint, it has robust financial management and accounting tools and farm planning and budgeting functionality, which make it a great option for farmers with a high volume of livestock or crops. However, it lacks some useful features, such as a mobile application, which is important in today’s business environment.
We’re impressed with its reporting capabilities, but we believe that its invoicing module needs improvement. Also, it’s not a very popular accounting software, which might cause a problem for farmers who are looking for bookkeepers who are proficient in the program.
How We Evaluated CenterPoint Accounting
We developed an internal scoring rubric to evaluate CenterPoint Accounting and the other farm accounting software we reviewed. We applied weights to five major criteria, with some more heavily judged than the others. For instance, pricing is only 10% because we believe the most affordable isn’t necessarily the best while general accounting features is 30% since bookkeeping tasks like bill tracking may be crucial for farmers.
Farm-Specific Accounting Features
10% of Overall Score
Each application is evaluated based on its upfront cost and the number of users included. Software providers that don’t disclose pricing information received the lowest scores.
30% of Overall Score
General accounting features like bill tracking, invoicing, and bank account reconciliation are essential to farm operations.
20% of Overall Score
The main farm features we like to see include the ability to track personal income and expenses, track and manage fixed assets, create cost centers or enterprises, and manage farm inventory.
20% of Overall Score
Most farmers have no bookkeeping experience, so the best farm accounting software should be easy to use and provide reliable customer service for first-time users.
20% of Overall Score
Our experts conducted a subjective evaluation of each software program across several factors, such as ease of use, features, and popularity.
*Percentages of overall score
Frequently Asked Questions (FAQs)
Yes, a business owner could use the program to keep their books, but we believe an in-house bookkeeper will be better at harnessing the full potential of CenterPoint.
Yes, the provider charges an additional fee for the hosted version. Prices vary depending on the number of users you have.
No, it isn’t. You need to contact the provider to request a customized quote since the CenterPoint Accounting for Agriculture pricing is not publicly disclosed.
Yes, it is. You’ll access the same features, whether it’s locally installed or run in the cloud.
CenterPoint Accounting for Agriculture is a farm accounting package with a particular emphasis on budgeting and forecasting. In addition to its robust financial analysis tools, it includes other helpful functionality like crop production analysis, inventory control, and SO and PO management. If you have a professional accountant keeping your books and need a versatile farm accounting platform that your agribusiness won’t outgrow, CenterPoint Accounting is an ideal choice.
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