CenterPoint Fund Accounting
5 Reviews 5/5 ★ ★ ★ ★ ★A fund accounting software with customizable reporting options and integration with payroll functions.
Product Overview
CenterPoint Fund Accounting software, designed for nonprofits and municipals in the United States, offers both cloud-based and locally installed options. It offers customization capabilities and the ability to use true fund accounting. The software includes various features such as customizable charts of accounts, real-time transaction recording, and an optional payroll module that integrates with the core accounting application. A sales order module, inventory management, and ratio analysis tools are also included.Pros
- Very clean and intuitive layout
- Software is scalable
- Reports are incredibly detailed
Cons
- Requires a consultation to get a price quote
- API information is limited
Target Market
Midsize nonprofits with an employee count ranging from 50 to 500 and annual revenues between $1 million and $50 million.CenterPoint Fund Accounting is available as both a locally installed program or via a cloud deployment.
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 nonprofit.
- Budgeting–Financial Analysis: Create scenarios to project cash flow, and prepare future strategies.
- Fund Accounting: Fund accounting software users will find the budgeting and reporting process to be particularly strong and easy to customize to their own needs.
- General Ledger: Get a true picture of operations for reporting to management, advisors, and lenders with standard reports such as income and cash flow statements, balance sheets, and budgeting.
- Payroll Integration: CenterPoint Fund Accounting integrates with CenterPoint Payroll, a payroll system designed to streamline payroll processes, saving your organization time and money.
- Purchase Orders: 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, and receipt of a purchase order automatically creates an accounts payable transaction for that vendor.
- Report Writer: Customizable reporting in CenterPoint allows users to share information by exporting data to a spreadsheet, word processing, and other popular formats. Combine or separate departments within a report. CenterPoint can compare variances between actual data and the percent of the annual budget that has already been used.
- Security: Company-level and menu-level security. Offers role-based access control and audit trailers to log user activities and system changes.
Red Wing Software Company Overview
Product Overview
Developer Overview
User Reviews of CenterPoint Fund Accounting for Nonprofits
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- Food Products
Extensive paperless options across the system
We run an agricultural business with 150 employees. We run accounts payable, accounts receivable, full detail inventory, payroll and track 8 profit centers. We ach all payroll checks to employees and provide employees with payroll portal so they can see their paystubs. We ach as many vendors as we can and are able to attach invoices, receipts and many other documents to the transactions to maintain paperless operation. All information is instantly up to date. No “posting”. We have many users and are able to use security features to give each user just what they need. And if I have an issue, their customer service is always professional and knowledgable.
Pros
Very clean layout. Super customer service with someone you can understand. Always trying to upgrade and improve product. We have been able to scale easily with the software. Extensive paperless options across the system. Tons of online training if needed. Great Value.
Cons
Reports are pretty easy to customize to a certain level but scrolling on screen is a little funny on "interactive" view. They dont have much info out on their "api" to connect to other data sources.
- Diversified Telecommunication Services
- 1-10 employees
- Annual revenue $1M-$10M
Great support, very detailed and specific farm info available
Our banker asked us to switch to it because Quikbooks doesn’t have the depth of info available. It’s a top analytic program for agriculture.
Pros
Great support. Very detailed and specific farm info available.
Cons
It's big and complicated. Took me a long time to learn what I needed to know.
Its a excellent accounting program
I’ve used CenterPoint since it came out, but its done a good job for me
Pros
Its a excellent accounting program
Cons
Has a lot of helpful things to use but difficult to remember how you do some of these things you only use once in a while.
- Food Products
- 1-10 employees
- Annual revenue $0-$1M
The software works great and is very user friendly
The software works great and is very user friendly.
Pros
I like the ability to have as detailed of information as you need from reports. If the data is being inputted than it can be retrieved.
Cons
I would like the ability to lock a period from new transactions but allow journal entry as an option.
The reports are easy to customize and are so user-friendly
I’m happy we upgraded our accounting and payroll system to CenterPoint. The reports are easy to customize and are so user-friendly. The drill-down features give us access to the info we need and make it easy to manage our fund accounts.
We also chose to integrate CenterPoint Payroll into the system. It really streamlines pay entry processes. We have been able to simplify our pay processes even further by adding direct deposit features, reducing our time spent and costs from printing checks.
