Red Wing Software — TurningPoint Accounting Software

There are currently no industry-specific templates available in TurningPoint,
but when setting up the program, users can choose the type of chart of accounts
that best suits the business, allowing for more accurate transaction posting.

CORE ACCOUNTING CAPABILITIES:
Journal entries must be entered using a batch system, and can be entered individually
or as a multi-module posting. The Change Posted feature allows users to modify
previously entered batches. The transaction inquiry allows users to search for
specific system transactions. In AP, both paid and unpaid bills can be entered,
as can credit memos. Recurring invoices can also be set up in AP. Invoices can
be easily voided prior to paying. The AP transaction entry screen allows for
the entry of customer sales information, credits and account adjustments. Recurring
invoices can also be entered, and customer payments, deposits, pre-payments
and write-offs can be processed.

Sales tax rates are set up for each taxing entity. All taxing entities must
then be added to a sales tax group that will display the available tax jurisdictions
that are included in each tax group. This feature is useful for invoicing those
that have multiple taxing parties. TurningPoint provides no formal audit trail
functionality, but the Journal Report does provide limited audit trail information.
As well, the program does not currently offer multi-currency capability. The
program has multi-warehouse capability, and multiple locations can be tracked
by setting up sub-accounts in the GL Setup – Account Structure screen.

DAY-TO-DAY OPERATIONS:
Quotes can be printed or easily converted into sales orders. Real-time sales
information can also be processed in the AR module. Users can view on-hand quantities
of all products, and change sales details such as cost or discounts, if necessary.
There is no point-of-sale functionality within TurningPoint, but users will
be able to directly link to UPS Worldship for shipping management capability.

All customers can be added on the fly when invoicing. Users can also enter
unlimited shipping addresses, handle mass updates when changing customer information,
and choose the type of statement that each customer will receive. Vendors can
also be added on the fly when entering invoices for payment. Users can drilldown
for originating transaction entry, view purchases by vendor and easily process
1099s. Employee management capability is handled by the add-on Payroll module.

TurningPoint contains a wizard for easy inventory setup. The product handles
up to 20 product pricing levels and multiple units of measure for all inventory
items. Up to five user-defined fields can also be tracked. TurningPoint support
assemblies and will easily manage inventory totals in multiple warehouses, as
well as product transfers between locations.

Quotes, invoices and statement can all be emailed to recipients, as well as
exported to a variety of formats including PDF, Excel, HTML, RTF and Word. Currently,
the product does not provide synch, e-payment or e-banking functionality.

MANAGEMENT FEATURES:
The Financial Snapshots report provides a quick glance at vital company balances
including cash, AR, inventory, AP and gross profit. The Business Graphs provide
a colorful display of the information. While these are not dashboards, they
do provide similar information quickly.
TurningPoint contains an impressive selection of standard reports. Each module
offers standard reports specific to the module, as well as management and transaction
reports. All reports can be previewed, printed or exported to a variety of file
formats such as Excel, Word, HTML, CSV, Crystal Reports or RTF. They can also
be saved as PDF files. The product provides multi-level security functionality
with options to set up and maintain user groups, and set user access to individual
modules and features within each module.

INTEGRATION/IMPORT/EXPORT:
The export wizard allows users to create templates for exporting. The import
migration wizard lets users select an import location as well as what file groups
need to be imported. The mail merge wizard simplifies the creation of customer
letters, shipping labels, inventory labels and vendor credit memos. This makes
it easy to create custom documents for both vendors and customers. TurningPoint
is a modular product that integrates with all of the suite’s modules and
a variety of add-on products, including CenterPoint Payroll. The program does
not currently provide an option to transfer data files to an accountant.

HELP/SUPPORT:
Excellent Help is available within each module. Users can search for a specific
function or simply click on the question mark in each module for Help directed
at that particular function. System downloads are available on the TurningPoint
website and can be accessed by clicking on the link found within the program.
The How2 Support document viewer offers access to instructional documents and
videos, including in-depth software training demos. The website also offers
access to complete training manuals.

The TurningPoint Customer Care Membership is required for all new system users
and is renewable annually. Support is available in Gold and Silver levels, and
costs are based on the number of modules purchased. Benefits include toll-free
support, major maintenance and product upgrades, updated tax tables, and discounts
on training seminars.

SUMMARY & PRICING
TurningPoint can be purchased in suites. The Financial Suite costs $2,495 and
includes GL, AP and AR. The Inventory Suite costs $4,495 and includes GL, AP,
AR, Inventory, Order Entry and Purchase Order. Modules can also be purchased
separately and generally run $895 each. So the total cost for the core module
set of GL, AP, AR and Payroll would run about $3,390 for a single user; $4,570
for up to five users.

TurningPoint is a solid, modular product, well-suited to businesses experiencing
a growth period. Outstanding import/export options and excellent system integration
both internally and with add-on modules make this an excellent fit for mid-sized
businesses looking for a more powerful product than an off-the-shelf product.

2010 OVERALL RATING: