CenterPoint Fund Accounting for Municipals

3 Reviews 5/5

A fund accounting software for municipal entities in the United States.

Product Overview

CenterPoint Fund Accounting for Municipals is best for small to medium-sized entities. Key features include accounts payable and receivable, budgeting, and financial analysis. It provides a general ledger with in-depth fund accounting, customizable reporting in accordance with the Government Accounting Standards Board (GASB) recommended format, and integration with CenterPoint Payroll to streamline payroll processes.

Pros

  • Affordability and targeted design
  • Comprehensive and customizable reporting
  • Integration capabilities

Cons

  • Pricing requires consultation

Target Market

Small to medium-sized municipal entities in the United States.

About CenterPoint Fund Accounting for Municipals

CenterPoint Fund Accounting for Municipals is ideal for municipals with small to medium size populations. It’s a comprehensive fund accounting and payroll solution. CenterPoint Fund Accounting for Municipals is available as a locally installed program or via a cloud deployment.

CenterPoint Fund Accounting for Municipals - 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 municipal cash management.

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 particularly strong and easy to customize to their needs.

General Ledger

Fund accounting software users will find the budgeting and reporting process particularly strong and easy to customize to their needs.

The Statement of Revenue and Expenditures within CenterPoint follows the recommended format by the Government Accounting Standards Board.

Reporting

Customizable reporting in CenterPoint can export data to spreadsheets, word processing, and other popular formats. Combine or separate departments within a report; CenterPoint has the ability to compare variances between actual data and the percent of the annual budget that has already been used.

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. Receipt of a purchase order automatically creates an accounts payable transaction for that vendor.

Security

Company-level and menu-level security.

UtilityBilling–RVS

Municipals can streamline processes by implementing the RVS Utility Billing System, which can be directly interfaced with CenterPoint Fund Accounting for Municipals. With over 20 years of experience serving the utility industry, RVS has developed a system that efficiently meets the needs of the municipal market.

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Product Overview

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User Reviews of CenterPoint Fund Accounting for Municipals

★★★★★
★★★★★
Submitted on March 8th, 2023 by Kathy Nelson

We moved forward with Centerpoint through RedWing and we absolutley love it! We deployed the software both to handle our business licensing and our standard accounting. Both features have been great and more capable than the tools we were using in Quickbooks. Steve was a constant support through implmentation as well as ongoing as we use the software.

★★★★★
★★★★★
Submitted on November 2nd, 2017 by Duane

Very little I dislike. It’s wonderful.

The Good…

Independence of the fund department and the GL account number. Reports that make sense. The payroll is a breeze. Everything is a breeze.

The Bad…

The import tool may be a little bit over-structured. It caught a few errors (as I had a 3,000 line journal entry) and it did catch some things that were inconsistent, but it kind of forced some dates that I didn’t realize would happen. Their checks and balances threw some things into wack.

★★★★★
★★★★★
Submitted on December 17th, 2013 by Julie

Easy to use and works with our current water billing software

The Good…

Able to interact with RVS Software

The Bad…

Missing a couple of report types I had with previous software