CenterPoint Accounting for Agriculture is a full enterprise resource planning (ERP) software by RedWing Software that has an accounting solution, inventory tracking and budgeting services. It is used to track information on farms, fields, crops, and production. It can also perform budget forecasting and financial analysis for agricultural producers. Its pricing is customized, and it works best for farmers who want to expand their operations and for those who want to perform comprehensive financial analysis of their operations.
CenterPoint Accounting for Agriculture Pros and Cons
Includes asset management functions
Difficult initial set-up process
Provides comprehensive financial analysis
Customizations are overly complicated
Includes budget forecasting tools
Reports are difficult to understand
Who CenterPoint Accounting for Agriculture Is Best For
- Farmers who want to expand their operations: CenterPoint Accounting for Agriculture offers powerful tools and detailed reports that farm businesses will find useful. Its budget forecasting and financial analysis tools will be particularly relevant to those looking into venturing into more crops or expanding their operations.
- Farm owners who want to perform comprehensive financial analysis of their operations: CenterPoint Accounting for Agriculture performs comprehensive financial management and analysis of farm operations that can project future sales and cash flow. These can be used in making smarter business strategies.
CenterPoint Accounting for Agriculture Pricing
CenterPoint Accounting for Agriculture pricing details are not published on its website, but it provides that it is available as a locally installed (or on-premise) or cloud-based software. Similar farm accounting software cost between $15 and $550, depending on the farm’s size and the software’s features. Those interested can visit CenterPoint Accounting for Agriculture’s website for a free software demo.
Upfront custom pricing
+ yearly support plan fees
Upfront custom pricing
+ monthly cloud hosting fees
+ yearly support plan fees
On-site software access, external access with VPN
Hosted and automatically updated in the cloud
Installed by user on in-house computers
CenterPoint Accounting for Agriculture Alternatives 2020
Farm Accounting Software
Those looking for affordable accounting software for tracking cash sales and farm expenses
Those looking for an inexpensive accounting software customized for the agriculture industry
Farmers without an accounting or bookkeeping background who want to set up and install software personally
Ranchers and farmers who want an accounting software with an extensive library of reports
Farmers or ranchers who need to access data on the go
CenterPoint Accounting for Agriculture Features
CenterPoint Accounting for Agriculture is a complete ERP software for managing existing operations and forecasting future business plans. It offers financial management and automation tools that can be used to analyze business performance and to plan future strategies or expansion.
CenterPoint Accounting for Agriculture automatically updates accounts and performs bank reconciliations. Its general ledger gives users a complete picture of business operations and can provide managers, advisors, and lenders with reports including income statements, cash flows, and balance sheets, among others.
The financial analysis module can be used to create business scenarios to project future sales and cash flow. It has the ability to structure and segment operations, profit centers, accounts, and inventories. This module can help users make smart business decisions, particularly in expanding their business operations or in evaluating their current business strategies.
CenterPoint Accounting for Agriculture offers an inventory module that can track the cost and value of the user’s inventory. Users are given real-time inventory updates and general ledger account assignments to guarantee balances and inventory valuation. The module can also be used to manage multiple inventory locations.
This feature tracks the values of assets and liabilities, including loan values and use amortization schedules. It keeps a record of acquisition cost and present valuation of users’ equipment and other assets. It includes CenterPointDepreciation, which can automatically calculate depreciation of assets for federal and state tax reporting.
If you’re unsure if this is the best farm accounting software for you, answer a few easy questions and we’ll give you a personalized suggestion.
Most Helpful CenterPoint Accounting for Agriculture Reviews
Users who left CenterPoint Accounting for Agriculture reviews online are generally satisfied with it. Many found its comprehensive financial analysis and accounting tools helpful. They liked that it can address the specific needs of agricultural businesses. Some, however, wished for more training, especially on its installation and its various customization options.
Easy to use and offers good automation tools
One user who wrote a review of CenterPoint Accounting on G2 commented that it is easy to use and that it offers good customer support. He particularly likes its bank reconciliation feature, which keeps users informed whenever there are overdrafts. He also cited its asset management function, which he finds useful when trading existing assets for newer equipment.
Difficult account setup and installation
One reviewer on Capterra commented that most users would need a free startup guide or training to get started with the software properly.
CenterPoint Accounting for Agriculture Frequently Asked Questions (FAQs)
Does CenterPoint Accounting for Agriculture offer payroll services?
CenterPoint Payroll is a separate software that can be integrated with CenterPoint Accounting for Agriculture. It is available for an additional fee.
What are CenterPoint Accounting for Agriculture’s recommended system requirements?
The following system specifications for computers are recommended for efficient system functionality: 32-bit or 64-bit Windows 7, 8, or 10 Professional; processor speed of 2.5 GHz or higher; 4GB of RAM; and hard drive space of 1GB. A monitor with a minimum resolution of 1024 x 768 is also recommended.
Does CenterPoint Accounting for Agriculture offer training for users?
Users of CenterPoint Accounting for Agriculture can join its online training sessions that are presented live online. These sessions also provide an opportunity for attendees to ask questions. They are also recorded and sent to registered users. Do note, however, that these training sessions are not free and come with a registration fee.
Our Top Farm Accounting Software Providers
In case you still aren’t sure if CenterPoint Accounting for Agriculture is right for you, then this article on the best farm accounting software is a review of our top choices. In this guide, we’ve selected a range of software to fit your needs and selected the best farm accounting software, which should be able to track cash sales and unpaid bills since farmers purchase most inventory and supplies on credit.