Municipal Fund Accounting
Affordable…
True Fund Accounting…
Designed for Municipalities
CenterPoint Municipal Fund Accounting Software is cost-efficient fund accounting software that has been meeting the needs of small and mid-market municipalities and authorities for over 40 years. It is rock-solid software that has been updated and refined to take advantage of the latest technologies.
CenterPoint, like Diversified Billing, is available as a Cloud-based subscription service or as a traditionally licensed software system for your LAN. And it integrates perfectly with Diversified Billing
CenterPoint Accounting is designed specifically for municipals. It allows you to create and manage an unlimited number of funds. Its interface is clean and simple. It is quick to learn and easy to become proficient.
See How CenterPoint Fund Accounting Can Streamline Your Operation
Track Unlimited Funds and Grants
Integrated with Diversified Billing
Budget vs. Actual Reporting
Department Level Reporting
Reports in Standard GASB Format
Manage Purchases, Requisitions
Key Features
Manage Your Budget by Fund and by Department
CenterPoint Fund Accounting includes all of the accounting functionality to budget by individual fund like general, capital project, street, pension, water/sewer and more.
Budget figures can be maintained by fund and by department, giving department heads or managers the information they need to compare their actual spending to their budget.
Customizable Reports Tailored to Your Needs
Virtually any financial report can be created. Reports can combine multiple funds for complete financial analysis, or project future cash flow for planning purposes. All reports can be easily modified by adding or removing columns of information. You can also filter information when running reports to see just the data and time frame you choose.
Reports can be named and saved for future use. They can also be shared by exporting to a spreadsheet and other popular formats.
Tight Integration With Diversified Billing
Municipals can streamline processes by taking advantage of the tight integration between Diversified Billing and CenterPoint Fund Accounting.
Diversified Billing can generate journal entries which can be imported directly into CenterPoint Fund Accounting, eliminating the need for any double entry.
Screenshots
Setup and manage an unlimited number of funds in an unlimited number of companies.
Design your own invoice and other forms to present exactly the information you want in exactly the manner you want it.
Budget revenue and expense by fund, department or for the enterprise.
No need to pull your hair out to reconcile your accounts. CenterPoint Fund Accounting makes the process simple and straight forward.
Report budget to actual comparisons for revenue and expense by fund, department or for the enterprise.
Report revenue and expense for any time period by fund, department or for the enterprise.
Quickly generate a report on all changes in asset and liability accounts.
See How CenterPoint Fund Accounting Can Streamline Your Operation
Modules Extend to Functionality
Payroll
CenterPoint Payroll is a comprehensive payroll system that can support an unlimited number of employees in an unlimited number of departments. Like Diversified Billing and CenterPoint Municipal Fund Accounting, CenterPoint Payroll can be installed on a local area network or accessed from the Cloud.
The software includes tax calculations for all 50 states and the option to add local tax calculations. You can generate a general ledger journal entry or use an available general ledger interface. There are even reminders you can set to alert you when certain bills or taxes need to be paid.
Depreciation
CenterPoint Depreciation software makes it easy to calculate, manage and report the depreciation of all of your fixed assets. Like Diversified Billing and other CenterPoint accounting software, CenterPoint Depreciation can be installed on your local area network or accessed from the Cloud.
Purchase Order
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.
Permit
The Permits module for CenterPoint Fund Accounting for Municipals allows municipal organizations complete management of their permits, including setup and maintenance, processing, and permit payments.
CenterPoint Municipal Fund Accounting Software
Government Accounting Software designed specifically for Towns, Cities, and Municipals
CenterPoint Municipal Fund Accounting Software is cost-efficient, highly customizable software designed specifically for the needs of small and mid-market municipalities and authorities. Available in both a cloud-based and LAN format, the software can be customized specifically to the requirements of its clientele.
CenterPoint Municipal Fund Accounting Software has dynamic reporting capabilities and is able to account for an unlimited number of funds and projects.
With over 15 years of experience in the government accounting software market, Diversified Technology has solidified its expertise and is known for its highly effective government accounting solutions.
CenterPoint Municipal Fund Accounting Software allows financial managers to accurately account for their funds and projects, and its simple interface is easy to interact with and master.
With hundreds of satisfied customers located across the United States, Diversified Technology is known as the fund accounting and billing authority. We earned our 4.4 rating on Capterra for our customized utility billing and fund accounting software solutions, as well as our highly capable support team.
Government Accounting Software for Towns
CenterPoint Municipal Fund Accounting Software is perfect for all types of fund accounting management. You can speak with our customer service and software design team to easily customize full government accounting solutions for towns of all sizes.
Our software has the ability to create journal entries, record accounts payable and receivable, and generate powerful reports that give town managers access to:
- Individual fund and comprehensive profit and loss statements
- Changes to the balance sheet
- Analysis of actual versus forecasted results
- Fully downloadable transaction lists to support audits and further analysis
- Standard GASB-compliant reports
- Department level reporting
- Purchase and requisition management
CenterPoint Municipal Fund Accounting Software is built to handle an unlimited number of funds and grants.
Government Accounting Software for Cities
For areas with a larger market size, CenterPoint Municipal Fund Accounting Software is able to accommodate an unlimited number of funds and projects. Easily switch between entities or enterprises to view the current revenue and expenses individually.
The software is also able to fully consolidate all funds to provide comprehensive government accounting solutions for cities. Features include:
- Individual entity and comprehensive P&L reports
- Analysis of actual versus forecasted results
- Changes to the balance sheet
- Fully downloadable transaction lists to support audits and further analysis
- Standard GASB-compliant reports
- Department level reporting
- Ability to manage purchases and requisitions
- Bank reconciliations
For larger cities, more reporting functionality may be necessary.
Diversified Technology’s highly qualified customer support and software development team will work closely with government managers to ensure that appropriate solutions are found to support every department and optimize the software to ensure all reporting requirements are met.
Government Accounting Software for Municipals
CenterPoint Municipal Fund Accounting Software can support all of the accounting needs of municipalities. With no limit to the number of entities, funds, or projects you can record in our software, everything can be accounted for.
Diversified Technology technical support will work directly with the municipality’s finance and municipal managers to determine the proper customization optimized to meet the municipality’s demands.
There is no need for multiple accounting systems used to handle different accounting functions – CenterPoint Municipal Fund Accounting Software can manage all of them:
- Individual entity and comprehensive P&L reports
- Analysis of actual versus forecasted results
- Balance sheet changes
- Fully downloadable transaction lists to support audits and further analysis
- GASB-compliant standard reports
- Department level reporting
- Ability to manage purchases and requisitions
- Bank reconciliations
Our product provides perfect government accounting solutions for municipals. The reporting functionality has been refined and expanded to meet the all-encompassing needs of municipalities.
Public Sector Accounting
CenterPoint Fund Accounting Software is designed to meet the specific needs of public sector accounting. Public sector accounting software must be prepared to
create detailed reports that measure financial transactions for purposes of planning, appraisal, reporting, evaluation, and management.
Our public sector accounting solutions allow for the comparison of actual and budgeted results, give management timely information about revenue and expenditures, and provide details useful to assess the efficiency of government programs.
The software is designed for all public sector organizations to manage the financial business of the organizations in a clear and transparent manner.
Customized reports can be created to demonstrate fiduciary stewardship of publicly approved funds. Use our reports to provide a record of how government monies are applied within budgeted levels and legal limits.
Key Functionalities of CenterPoint Municipal Fund Software
Our software includes several key functionalities specifically designed for municipal users, including:
Manage Your Budget by Fund and Department
CenterPoint Fund Accounting Software includes accounting functionality that allows management to budget and account for the use of public funds clearly and transparently.
The software is able to separate fund accounting by individual projects, including general funds, capital projects, street repairs, pension funds, utilities, and more.
Budget figures can be maintained by the fund and by the department, giving department heads or managers the information they need to compare their actual spending to their budget. There is no need to rely on tedious spreadsheets or other outside programs – CenterPoint Fund Accounting Software can handle it all!
Customizable Reports Tailored to Your Needs
Diversified Technology has an unequivocal commitment to ensuring that our software is designed specifically with our clients in mind.
While many software companies have embraced the one-size-fits-all accounting software packages created on the cloud, Diversified Technology has remained conscientious of the different needs that each of its clients has.
Our software can be customized after developing a full understanding of customer requirements.
Once our solution is deployed, Diversified Technology works closely with its clients to ensure they are comfortable with the software’s reporting functionality and have everything they need to produce reports that give them insight into their budgets and accounting.
Virtually any financial report can be created with CenterPoint Fund Accounting Software. Reports can combine multiple funds for complete financial analysis or be used to project future cash flow for planning purposes.
You can easily modify all reports by adding or removing columns of information. Details can be filtered to include only the required information when running reports to review only the necessary data and time frame.
Reports can be named and saved for future use. You can also share them with team members by exporting them to a spreadsheet or other popular formats.
Tight Integration With Diversified Billing
CenterPoint Fund Accounting Software can be integrated with Diversified Billing, our premier utility billing software used by over 350 different municipalities across the United States.
Our software development team has refined this software to record the data needed for every customer account. A municipality will have easy access to current receivables due, utility readings, payment receipt details, and historical information.
Including the Diversified Billing module within the CenterPoint Municipal Fund Accounting Software ensures that no double journal entries are required between the software packages. Eliminate potential errors and ensure that government utility billing is handled efficiently and easily.
Diversified Billing also includes a web portal that customers may log into to view their prior payment records, current meter readings, and current payments due. They may pay their bills easily online using credit cards, debit cards, or e-check.
This automation saves staff time answering redundant phone calls and makes customers happy as they are able to access their account any time, 24/7/365.
Ability to Include the Payroll and Depreciation Modules
CenterPoint payroll and depreciation modules can be combined into the CenterPoint Fund Accounting Software to provide a full suite of accounting functionality. The payroll module is designed to include all necessary accounting functions, including:
- Streamlined payroll processing that allows for mass employee updates
- Storage of employee data such as addresses, salary, and benefit details
- Timesheet data and payroll records, including prior payments and check stubs#
- Tax forms that are required for federal and state reporting
- Up-to-date withholding rates for federal and state tax compliance
- Over 200 state forms, including unemployment, tax deposit, and new hire reports
- Ability to interface and record automatic journal entries to the CenterPoint Municipal Fund Accounting software
In addition, many towns, cities, and municipalities own lots of capitalized equipment, buildings, and other items. Our depreciation module can be integrated with CenterPoint Municipal Fund Accounting Software to accurately record depreciation for all types of fixed assets.
This module allows users to easily manage multiple quantities of capital assets and track them accurately over their expected life. Specific features unique to the depreciation module include:
- Tracking depreciation expense by location or production center, and profit center
- Tracking an unlimited number of fixed assets
- Asset depreciation recording, storage, and calculation
- Providing details specific for income tax returns
- Staying current with depreciation tax law changes through ongoing updates
By incorporating the Payroll and Depreciation modules into the CenterPoint Fund Accounting Software customization, your town, city, or municipality will have a full ERP solution capable of handling any transaction commonly encountered in governmental accounting.
The customized reports and tax information that you can extract from the system will prove to be indispensable to the organization.
Best-in-Class Customer Support
Our customers come to us for their fund accounting software needs, but they stay for the exceptional customer service that our support team provides. An outstanding level of product knowledge allows our team to resolve issues quickly.
We take pride in the fact that our entire customer support team is based in the United States. This positioning allows our clients to reach out at any time and find a helpful individual who can quickly understand and solve our clientele’s problems.
Let’s Get Started
Is it time for your organization to upgrade to fully functional GASB-compliant accounting software that meets your individualized government accounting solutions needs? Contact our support department to schedule a demo today. We will analyze your current system and make sure to meet the requirements that you want to see!