Accounting for SMBs: A Solution Beyond Entry-level Systems Red Wing Software

3:34 AM

(0) Comments

The bazaar for middle-market accounting software spans a ample ambit based on price, functionality, and the admeasurement of the ambition organization. A lot of humans are accustomed with admission akin articles such as QuickBooks, Peachtree, and Simply Accounting and they are appropriately accustomed with higher-end articles such as Microsoft Great Plains Edition, MAS 90, ACCPAC Advantage Series, and Navision. Unfortunately there is a cogent gap amid these two classes of articles and that's absolutely area articles from companies such as Red Wing Software compete.

Company History

Founded in 1979 with offices in Red Wing, Minnesota (US), Red Wing Software (www.redwingsoftware.com) offers a able average bazaar accounting system, as able-bodied as industry specific articles that are leaders in their corresponding fields. In 2001, three companies (Red Wing Business Systems, Champion Business Systems, and FMS/Harvest) alloyed to actualize Red Wing Software, Inc. (1-800-732-9464). The accord was cardinal and circumscribed two of the arch agronomical articles (AgCHEK by Red Wing Business Systems and Perception Accounting by FMS/Harvest) beneath one accumulated umbrella. Additionally the accord accustomed Champion Business Systems to action a mid-range, Windows-based accounting artefact (TurningPoint) to its ample DOS chump base. Red Wing Business Systems developed TurningPoint from the arena up with their DOS users in mind. Consolidating assets added provided anniversary aggregation the adeptness to enhance above abutment casework for their artefact lines, something on which anniversary aggregation prides themselves.

Agricultural Products

Agriculture (Ag) has consistently been a able alcove bazaar for Red Wing. Focusing on banking administration accoutrement for producers (farmers and ranchers) and agribusinesses, AgCHEK and Perception Accounting are Ag-specific and recommended over accepted purpose, baby business products. Cow/Calf is a complete assemblage administration apparatus with analytic letters that clue alone beastly information, veterinary history, weaning, yearling, etc. for bulls, beasts and their calves. Crop/Chemical and Livestock Administration are absolute accumulation administration applications that accommodate with AgCHEK accounting.

TurningPoint is Red Wing's arch business product. First alien in 2001, TurningPoint targets companies with revenues of $1 to $25 actor (USD). Written in Visual FoxPro, Red Wing does not accommodate antecedent code, but does accommodate COM article technology to accommodate third affair applications. Five user-defined fields are provided for anniversary adept almanac and Crystal Letters is acclimated as the advertisement engine. User-defined letters can be created, if Crystal is purchased separately.

TurningPoint 3.0 was appear in July 2004. Development of TurningPoint is based abundantly on the company's knowledgebase of chump requests and suggestions. In addition, Red Wing strives to advance relationships with accord companies to anatomy integrations, such as point of anemic and auctioning services, to accommodate a ample apartment of capabilities for barter and to drive new bazaar development.

TurningPoint consistently receives top accolades from industry experts and publications. Standard appraisement is $895 (USD) per module. A arranged amount accounting arrangement costs $2,495 (USD) while a arranged account apartment costs $4,495 (USD). TurningPoint provides amount for broad distributors with an all-embracing account of capabilities, including multiple-location inventory, bead shipments, and up to twenty appraisement levels per account for barter with circuitous administration methods.

It is aswell a prime best for agribusinesses, due to 1099-Patronage consign to payroll. The 1099-Patronage consign to amount is advised for US agronomical cooperatives that use the 1099-Patronage form, which deals with the allocation of dividends. The affection allows absolute and customizable units of admeasurement and customized labeling, and affiliation to a amount artefact (Red Wing Payroll) that includes area rate, assorted accent pay stubs, and government advertisement specific to casual workers.

TurningPoint is easy-to-use with a architecture that follows the Microsoft Explorer bureaucracy of folders. Due to TurningPoint's modular nature, users can adapt their band-aid by purchasing alone the pieces that are all-important and again abound into a added avant-garde band-aid as needed.

Currently TurningPoint supports the afterward applications:

* Arrangement Manager

* Accepted Ledger

* Accounts Receivable

* Accounts Payable

* Acquirement Orders

* Inventory

* Adjustment Entry

* Red Wing Amount (integrated or as a stand-alone option)

TurningPoint has been advised to serve the needs of companies with 5 to 100 advisers in the $1 to $25 actor (USD) acquirement ambit searching for software that costs $5,000 (USD) or less. As such one, would not apprehend to acquisition adult functionality. About that's not necessarily the case here. The artefact is actual able-bodied advised with airheaded and screens that are brittle and simple to acquire for even a amateur user. Although some training will be required, users should be able to move bound to abounding appliance of the system.

Other appearance cover pop-up reminders that can be created to active users to meetings, tasks, and exceptions that crave their attention. While these alerts are not that sophisticated, they absolutely will be acceptable for a lot of average bazaar companies. Also, the Document Administrator can be acclimated to hotlink files to adept annal and MicrosoftпїЅ Office can be launched from aural the arrangement and absorb abstracts created for announcements or even to admonish barter about behind accounts. TurningPoint can aswell accommodate with GoldMine as its acquaintance manager.

Menus can be aswell be customized or user-defined as an alternating to the capital agenda for specific, user functions. These claimed assignment lists can again affectation alone those functions to which a user has been assigned rights. Entries can aswell be customized by alteration acreage labels and absence fields.

Also, letters created in TurningPoint can be adored or e-mailed in assorted formats, printed for any time frame, and advice can be exported in assorted formats including Excel. Also, the Adjustment Admission screens are actual able-bodied advised and acquiesce users to move from area to area absolutely easily. Users can even acquire deposits from an Adjustment Admission screen.

TurningPoint aswell has ablaze accomplishment and accumulation planning appearance that are above to added articles in its amount range. For example, while a lot of articles abutment assemblies, TurningPoint takes this abstraction one footfall further. It allows users to actualize accumulation affairs that account the arrangement of contest that charge to be followed. This is decidedly advantageous if an adjustment calls for the conception of a set such as a table and analogous chairs. Users can aswell actualize a accumulation plan that combines accumulation operations to actualize a individual plan. Finally, TurningPoint allows users to cover activity costs in an assembly, appropriately absorption the accurate amount of anniversary accumulation (parts and labor). This is the alone archetype in this amount ambit of which I am acquainted that allows users to ascendancy accumulation after accepting to move to what may be an ever circuitous MRP application.

Moreover, TurningPoint has appearance that are not accurate by lower-end products. For example, it allows assorted substitutes for anniversary account account and it advance bell-ringer account IDs, and will book the bell-ringer allotment amount on a acquirement order.

Most notably, however, is that TurningPoint aswell has appearance that are not accurate by abounding higher-end articles such as assorted locations, including costing and appraisement per location. It will aswell actualize a appropriate acquirement adjustment based on either a anticipation or the adjustment point aural inventory. In addition, users can actualize a acquirement adjustment from an Adjustment Admission awning for non-stocked items or drop-ships.

Although TurningPoint does not abutment awful adult appraisement schemes, it does abutment artefact band pricing, assemblage of admeasurement appraisement (e.g. case and item) as able-bodied as area pricing. Users can set up twenty altered prices for an account for any one abundance amount point. This allows users to accessory a chump to one of these amount credibility and accordingly body a adequately adult matrix.

TurningPoint does not currently abutment a ample amount of third affair products, but Red Wing will be abacus cardinal integrations over time. Currently the afterward articles are supported:

* Acquaintance Management: Goldmine (http://www.frontrange.com/goldmine/).

* Point of Sale: Acme Point of Auction (http://totalbusinessware.com/). Acme Point of Auction deeply integrates with TurningPoint's Accounts Receivable, Account Control, and Accepted Ledger. Acme is avant-garde retail administration software that includes barcode printing, acclaim agenda processing, and business appearance so you can do date-driven auction pricing, promotional commitment labels based on accomplished purchases, cancellation couponing, and more.

* Account Management: Dynamite Account Arrangement (http://www.southbysouthwest.com). A abounding featured, computerized auctioning software arrangement that advance acreage account calls and installations, centralized aliment to chump equipment, account contracts, artisan calendar, chump profitability, accessories rentals, and abundant more.

* Accession Tool: Applianz (http://www.applianz.com/turningpoint.htm). Applianz Data Vault allows TurningPoint users to get up and active anon on any absolute PC or laptop with added arrangement achievement and at a lower amount of buying than added accouterments advancement or backup options. Plus, users accept the adeptness to admission TurningPoint from any PC anywhere in seconds. The Data Vault's plug-and-play technology enables this after any installation, compatibility, or aliment hassles.

* Press Tool: PDFBlaster (http://www.datafabrication.com/main_content.asp?pageid=45) PDFBlaster is a advocate new "smart" printer disciplinarian that bridges the gap amid your barter and suppliers and the abstracts they charge to accomplish your business succeed. PDFBlaster streamlines the absolute action of creating, press and carrying mission analytical business abstracts after the accouterments hassles associated with analog modems.

While it is almost simple from an bookish angle to abode TurningPoint in the aggressive mural (between admission akin articles such as QuickBooks and Peachtree and mid-priced articles such as MAS 90, ACCPAC Pro Series and AccountMate), a lot of users see one end of the spectrum or the other, but not articles in amid like TurningPoint.

The artefact itself is in fact absolutely able for its amount point, but Red Wing accept to abide to add functionality in adjustment to action users something added than just a amount advantage. Name acceptance may be Red Wing's individual greatest challenge. Baby companies like Red Wing accept survived because they accept been able to allure a loyal, admitting baby amount of resellers. Business is expensive, not to acknowledgment the almost baby amount of average bazaar publications and added business outlets, which makes business harder. In abbreviate advance is difficult. The a lot of able advance action is through added reseller application as able-bodied as business to the CPA association that is actual affecting in this market.

zen

0 Responses to "Accounting for SMBs: A Solution Beyond Entry-level Systems Red Wing Software"

Post a Comment