Red Wing Software has released the latest update to its CenterPoint accounting and payroll products. Version 15.16 supports the new Form 1099-NEC, charts and graphs can be added to the dashboard, and files attached to invoices and sales orders can be included when emailed.
Form 1099-is a new form from the IRS for non-employee compensation, which would previously be handled with a Form 1099-MISC.
A new feature in CenterPoint 15.16 allows users to add data from reports or the ratios module to the customizable CenterPoint dashboard, to make the data viewable in charts and graphs. Also new is the ability to include or exclude files attached to a customer invoice or sales order when emailing them to their customers. Users can decide whether each file is emailed or not.
New features for CenterPoint Accounting products:
- Customer lookup by invoice number: Customers may now be looked up by invoice number, which is helpful in instances where the customer’s check does not have the same name as it's stored in CenterPoint.
- Lock periods by company: Periods may now be locked per company, which is helpful for users with multiple companies in the same database with different fiscal years.
- Cash basis reports (Business Accounting only): A predefined user-defined report is now available for cash basis reporting, making it easier for users to get a cash basis income statement and balance sheet in CenterPoint Accounting.
New features for CenterPoint Payroll:
- ACH payments for payroll liability vendors: A new option allows payments for payroll liabilities to be sent to vendors via ACH.
- Earnings: When adding a new earning, users are now prompted to add it to employees of their choosing automatically. There's also a new simplified way of adding existing earnings to multiple employees.
- CenterPoint Payroll time clock – tip management: Tips can now be managed within the CenterPoint Payroll time clock. Employees can now enter their cash tips when they clock out, and the tips are imported into CenterPoint Payroll as timesheets.
- Employee deductions, benefits and taxes overridden report: This new report tracks which taxes, deductions or benefit amounts were changed on a pay run.
