A full accounting software system designed by Red Wing Software for startups and small organizations.

Product Overview

CenterPoint Accounting is a financial management software for small to mid-sized businesses. Key features include accounts payable and receivable, asset and liability tracking, general ledger, and more. The Report Writer provides custom financial reports and statements, with the flexibility to save reports for future use. The platform integrates with CenterPoint Payroll and offers modules for sales orders, purchase orders, inventory, and more.


  • Report Writer offers customizable reporting
  • Integrates with CenterPoint Payroll
  • Company level and menu-level security


  • Limited scalability for larger companies
  • Must contact for pricing consultation

Target Market

Small to medium companies ranging from 10 to 500 employees across diverse industries.

About CenterPoint Accounting

Better Data, Better Decisions.

CenterPoint Accounting Software is a real-time accounting software application that allows companies to track important information, so they can easily see which areas of the business are thriving and which areas need improvement. CenterPoint Accounting Software can be customized to your business needs. When you need to see your data, you can easily run a customized report or search, view and edit source transactions.

Because you can track data by profit center, department, project, and more, your data can be analyzed on a single section-or your whole business. By seeing data this way, you know where to improve for maximum profitability. CenterPoint is built with the latest technology to ensure customers stay current as their needs change.

CenterPoint Accounting is available as both a locally installed program or via a cloud deployment. Red Wing Software offers online CenterPoint demonstrations. These live, free, one-hour online demonstrations will introduce you to CenterPoint Accounting software.

CenterPoint Accounting Key Features

Accounts Payable

Write checks without setting up a vendor, or select vendors and pay invoices due.

Accounts Receivable

Enter invoices and know when payments are due for better cash management of your business.

Asset & Liability Tracking

Track cost and market value of all assets. Maintain original loan values and use amortization schedules to plan cash flow requirements.

Budgeting–Financial Analysis

Create scenarios to project future sales, cash flow, and prepare business strategies.

Fixed Assets

Track cost and market value of all assets.

General Ledger

Includes standard reports such as Income and Cash Flow Statements, Balance Sheet, and Budgeting. See the reports you need the way you need to see them with CenterPoint’s customized reporting tools and Favorites feature. Create or modify your reports and forms by adding or removing columns. Save customized and standard reports in your Favorites for quick access.


The inventory module delivers a wide range of tools to assess the value of inventory and enhance productivity within different departments to improve profitability. Maintain unlimited prices or price calculations for each item; receive real-time inventory updates and GL account assignments that guarantee all GL balances and inventory valuation reports match.

Payroll Integration

CenterPoint Accounting integrates with CenterPoint Payroll, a payroll system designed to streamline your payroll processes, saving your organization both time and money.

Purchase Orders

The purchase order module includes tools to help users keep the best sellers in stock and limit the slower-moving items. Standard reports help users monitor stock and order the appropriate quantities for all inventory items. A ‘suggest orders’ function can look at existing sales orders and/or past sales history and create a suggested orders report from which users can immediately edit or place orders with vendors. Purchase orders can also be generated directly from sales orders. Users can see which items are currently on order when they enter customer orders.

Ratios Module

Use the ratios module to pinpoint areas of strength and weakness to increase profits and reverse negative trends. A wide variety of industry-standard ratios are included, and no setup is necessary as data is based on categories already set up within CenterPoint. Drilldown capabilities allow you to see the data behind the indicators, and trend information can be graphed for any number of years in your database.

Report Writer

View reports on the screen, printed, exported to various applications, or e-mailed to managers and lenders. You can modify a report by adding or removing columns of information, and drill down within a report to learn more about the data. See the reports you need the way you need to see them with CenterPoint’s customized reporting tools and Favorites feature. Easily create or modify your reports and forms by adding or removing columns. Save customized and standard reports in your Favorites for quick access.

Sales Order

The Sales Orders module allows users to transform quotes into orders, and print quotes, orders and packing slips. Quotes and orders can easily be modified using the Forms Designer within the software. While entering a quote or order, inventory availability can be displayed for each item. Backorders are automatically created for the remaining items when orders are partially filled.

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Product Overview

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User Reviews of CenterPoint Accounting

Submitted on April 3rd, 2023 by Cheryl

really good - I was kind of ‘forced’ into using it by taking the job I’m in. I was used to QuickBooks online but have really come to enjoy CenterPoint!

The Good…

Like the ‘extras’ when you right click in a transaction - edit, view other transactions, etc.

The Bad…

The use of email is not intuitive - would love to have the option to click email and then type in the email where it needs to go. In my situation the invoice doesn’t always go to the same person and its not a person I’d want to permanently put into our system. The ability to actually print/email receipts would be really helpful for my clientel.

Submitted on April 3rd, 2023 by Vivian Lincicome

good and precise

The Good…

friendly user software.

The Bad…

credit card payment in AP- difficult to trace the vendors individually

Submitted on April 3rd, 2023 by Anonymous

the inability to lock the time clock dates w/o locking out administrators from making changes

The Good…

the integration of time sheets into payroll & retro OT calc

The Bad…

the inability to assign dept/profits centers w/effective date (in same manner as rate). Also, the inabiliaty to change payment detail other than the amount (description/GL exp codes/profit ctr) info once payment posted w/o deleting the payment

Submitted on March 1st, 2023 by Anonymous

Nothing negative to say except when their are financial questions, very limited staff to assist. Several times I have had to wait a day or two to get an answer - but I always get the correct answer and resolution

The Good…

Support - If they don’t know they answer they will get it

The Bad…

No gross margin reports on open orders when we are trying to audit a complete job.

Submitted on November 13th, 2020 by Ben Zelazoski

As someone who has worked with accrual accounting all my life, I am having having difficulty with the real time format. I know you have had webinars on Payroll but have not seen anything on the Accounting. Is there something coming soon?

The Good…

I can’t think of anything at this time. Perhaps after I have been able to attend a webinar I will feel better and find something. I have been a user of Red Wing software for 30+ years and am not pleased with having the real time format forced on us.

The Bad…

The lack of training offered. All the emphasis seems to be on Payroll. When we called in to find out about how to do journal entries we were asked why we would need to. Well, in trying to compare months we need to enter depreciation, accruals, etc.

Submitted on February 5th, 2019 by Lynda Steigerwalt

We started using the software, even went as far as moving accounts from Turningpoint to CenterPoint but was informed the Profit Centers part of the program works ONLY in the Income Statement and NOT with the Balance Sheet. We had to cancel CenterPoint because we use the profit centers for our job costing through the Trial Balance Sheet. If you ever fix this problem, let us know. We would more the happy to switch to CenterPoint.

The Good…

The layout.

The Bad…

Not able to use Profit Centers on the Balance Sheet.