alere accounting acronym

Offset AR invoices, credit memos, debit memos, and AP invoices. At the same time, the kit is placed on order in inventory. Change purchase order line item unit costs right up to their release. PBC. Concepts Accounting Single Point Entry Enter a company into ALERE and never have to enter the same information again. Each line on a requisition can be released to a different supplier as a separate order. Accounts payable (AP) definition:The amount of money a company owes creditors (suppliers, etc.) Please visit www.rasmussen.edu/degrees for a list of programs offered. The name describes the heart of accounting. 3. 07.11.2022, Carrie Mesrobian | Rasmussen University is not regulated by the Texas Workforce Commission. Alere Accounting Software Alere ERP Accounting Modules Manager ERP software is, by its nature, a large and complex program with many moving parts. Separate GL accounts track outbound sales and inbound purchases. Review inventory movement on the Log of Activity screen with drill down to the source documents. PROS The support I get from TIW - I don't even have another company I can compare it to in any field. The configurations of similar finished goods can be copied to speed up the process of creating them. ALORE - Assets, Liabilities, Owners Equity, Revenue and Expenses The accounting equation relates to the two main Accounting statements that we in Year 11 Accounting are studying in Semester 1. A - Assets. An Activity tab on each order permits all related activity to be viewed with drill down. A wide variety of costing and pricing rules can be established and used when a configuration is entered which does not have a predefined finished good set up. Prospects may have any number of quotes submitted, with both prospects and quotes easily converted to company status when purchases are confirmed. Real Time Processing Activities, such as GL journal entries and inventory transactions, take place in real time. Not having to rely on highly trained staff to enter the orders is also beneficial. Each company location can be assigned a default currency to use. Get started with a list of general abbreviations for accounting. Traits are user defined. The Purchases module increases purchasing staff efficency by handling recurring orders, batch accepting of orders, mass payments, automatic emailing notifications and orders.Details & Features (780kb), Inventory is at the heart of many companies and managing it is a strong-point of ALERE. Bonds and coupons (B&C) definition:A bond is a form of debt investment and is considered afixed income security. ERP software is, by its nature, a large and complex program with many moving parts. Load predefined comments from a file and place them on orders. The mass receiving function permits orders to be received completely or partially. This definition appears very rarely and is found in the following Acronym Finder categories: Business, finance, etc. In ALERE the Manager module provides a central location for information and services that are used throughout the system. The choice of a Mens bike provides the second level choices - Mountain or Street. Produce consolidated Income and Balance Sheet reports for any combination of companies on demand. Remote Terminal Services easily provides access to desktop and mobile devices. Learn more about the road ahead in our article, Your Step-by-Step Guide on How to Become an Accountant. An example of a long-term liability would be a multi-year mortgage for office space. An unlimited number of individual companies are supported. Email, view or print orders. Mark pricing rules as either Active or Inactive. TIW can provide teams to handle an implementation on a fixed cost basis for companies that so desire. General ledger (GL) definition:A complete record of the financial transactions over the life of a company. Auto complete orders or hold them open for further work. To date, thousands of companies of all sizes, including some of the largest in the world, have made the decision to use ALERE. This permits purchase orders to be closed in the situations where there is no invoice or the invoice is for less than the amount actually received. The Language Settings feature permits menus, screens, and even different languages to be customized on a user by user basis. The key features are. A full ERP system designed by TIW Technology. Write individual checks directly from the Payables or AP/Cash Payments screens. The key features are. Use a grid-based order entry screen to speed up order taking with a heads-down keyboard oriented approach. Kokatat upgraded a legacy business system 15 years ago and chose ALERE. Customizations using the TIW Developer's Kit minimize the effort of moving to a new release, drastically lowering the cost of ownership and preserves your investment. SIC codes are assigned to companies from a built in table. Fill out the form to receive information about: There are some errors in the form. Trial balance definition:A business document in which all ledgers are compiled into debit and credit columns in order to ensure a companys bookkeeping system is mathematically correct. The 12 Month Income Statement compares twelve months of performance for any beginning period and year specified. One single screen handles all default general ledger accounts which greatly simplifies the management of these accounts. L - Liabilities. Email orders and invoices. Any grids, lists, notes fields or pictures on the screen are automatically sized with the screen. When using thedouble-entry accounting methodthere will be two recorded entries for every transaction: A credit and a debit. Pinpoint your companys critical geographic hot spots with a Location of Sales report. In addition, it includes many solutions that are commonly thought of as "add-ons", such as Document Management, Bar Coding, CRM, Analytics, Commissions, Multi-Currency, Mobility, and on and on. Typically, this could be cash, inventory or accounts receivable. 10 - Depreciation, Amortization, & Fixed Assets. Auto convert return orders to credit memos when they are received. - Listen to 1 - Assets, Liabilities, Equity, Revenue, & Expenses (ALE-RE) by Accounting 101 with Jimmy Stewart instantly on your tablet, phone or browser - no downloads needed. We have been using ALERE for over 3 years and have been extremely satisfied with our software choice., It was hard to find a package like TIW. Sales documents can be saved in pending status for later release, saving hours of re-entry time and making the entire sales process more efficient and flexible. A GL Group, which contains the GL accounts to use, can be assigned to each line item. Features and options for an item are chosen as it is being entered on the order. Phone Number (124) 456-9000. 4. While the Dynamic type conversion frequently requires expert intervention, it nevertheless can handle 80% or better of the upgrade. Test pricing rules before they are released. Drill down to see related documents. Assign a GL Group to each line item that contains the GL accounts to use as a Pending order with full editing rights. The same process handles sales returns. For example, a contractor that must be present to accept delivery. As accounting manager, he oversees the operational accounting functions of Alere's portfolio assets, as well as prepares and reviews financial reporting and cash flows on a consolidated basis. New items added to inventory can optionally be established for one or for all locations. It provides a dynamic environment where data, not required for the daily operation of a company, is removed and added to a historical copy of the company. Specifically allocate lot, trait and serial numbered items. Each item can have a default configuration, containing the most common choices from which to start when the item is first entered. TIW has been a valued partner over the past 15 years and the ALERE product has been an integral part of our business success. A lot can be assigned an expiration date. I believe the software should work for us. Credit means to put an entry on the right side of the account. Components are allocated in real-time when the order for the kit is saved. Cash orders produce instant invoices and receipt of payment. Set quantities for items to a precision of three (3) decimal places. It's time to roll up those sleeves and start building your accounting vocabulary. Address Journal entries that are not ready to be released can be saved as pending entries then reviewed and released at a later time. Alere's publisher, TIW Corp, has provided superb customer service, both to our company as well as directly to our clients. Simple and advanced budgeting, using Excel spreadsheets, is supported. Offset a receivable against a payable. Handle items shipped from stock, drop shipped items, returns, and credits on one sales order. These customizations allowed us to continue to do the things that make our organization great without having to change our processes to match the software. Even stock inquiries, printing labels, and increasing or decreasing inventory becomes a snap! A library of instructional videos is embedded within the manual and readily available through the website. A browser: Fetch Retrieval Tool Reduce the time it takes to find information with this easy-to-use tool. Define separate GL accounts to support finance charges and late fees. Sales and purchase orders can be displayed in the currency in which they were written or in the base currency of your company. The numeric calculator will allow currency conversion calculations to be made on the fly. There are six different ways of formatting the configuration information on a printed order as. Establish an unlimited number of tax rates for federal, state, county, city, and local sales taxes. The rules-based system contained in the SOC provides support for complex orders and ensures the correct configuration of products, which results in inventory savings and the best use of staff time. Each document contains a complete history of its life accompanied by all the associated general ledger postings that were generated. It has since been updated. And they are extremely responsive.. Critical financial reports are always available and up to date. Time and labor postings from manufacturing are audited and approved.Details & Features (856kb), ALEREs InTouch module is an integrated CRM solution, providing a whole range of benefits unavailable when CRM software is used stand-alone. 10.31.2022, Jordan Jantz | Assign a Release Group ID to recurring orders that allows those orders to be mass released as a group. For clients that would like experienced support TIW will provide fixed price quotes for the work. This is combined with setting baseline amounts, goals, and cap amounts. The coupon is the annual interest rate paid on a bond. Profit and loss statement (P&L) definition:A financial statement that is used to summarize a companys performance and financial position by reviewing revenues, costs and expenses during a specific period of time, such as quarterly or annually. The owners of the stock are known as shareholders. Really happy with ALERE because it is really stable, really reliable, and they are constantly upgrading the capabilities. The point is that a company can grow with ALERE and never need to move to another package. Simply enter what you are searching for and click the matching link on the list. Multiple drop ship items on an order for one vendor are consolidated on one purchase order. The three main asset classes are equities or stocks, fixed income or bonds, and cash equivalents or money market instruments. Optional order version control for all orders. 6. Our website provides a free download of ALERE Accounting 7.0. This means: Modifiability The state-of-the-art architecture of ALERE is SQL compliant, uses object oriented programming (OOP), and is table driven. Similar configurations from previous or current sales orders can be located, copied into an order and edited. What Is Forensic Accounting? Specify the location to ship from by line item. ALERE does this by placing an emphasis on the details that make day-to-day activities run smoothly. Reopen closed sales orders and add line items or ship additional quantities. Accounting (ACCG) definition: A systematic way of recording and reporting financial transactions for a business or organization. Banking activities, including bank reconciliations, are controlled and monitored. Long-term liabilities (LTL) are typically payable over a period of time greater than one year. A GL Posting tab on each order displays in real time the general ledger postings generated by the order. A schedule of payment dates may be defined. Income Statements and Balance Sheets can be run for any period of any year. Each user can have their own unique environment created for them, such as menus, language, etc. Fixed commissions can be generated based on the achievement of sales goal such as revenue, margin, or quantity of items sold. Average, Standard, LIFO or FIFO inventory valuations are supported. Assets (fixed and current) definition: Current assets (CA)are those that will be converted to cash within one year. That alone can save a company tens of thousands of dollars each year. Email: info@tiwcorp.com Make sure your answer has: There is an error in phone number. Each line item has a Need By date for receiving and material planning. MDI improves work flow by allowing you to: Advanced Browser - Browsers help find a specific record or piece of information. It allows us to do forecast sharing with our suppliers. Developed 100% in-house by our own staff, ALERE requires no special hardware for a basic installation and will scale up to run on Client/Server and terminal services platforms. This allows. A detailed note can be added to each journal entry to allow for better documentation. A History of Payments report evaluates the payment history of customers and will show the longest, shortest, and average times it takes for them to pay invoices. Rasmussen University is not enrolling students in your state at this time. The SOC will determine the correct finished good item number to use based on the configuration that was entered. ERP software to support your company's growthAccounting - CRM - Manufacturing - Service - Mobility - Analytics - Document Management - Data Acquisition. Mass invoicing allows multiple sales orders to be shipped and invoiced from one screen. Assign Need By dates to line items for shipping and material planning. Publish and maintain information in the Cloud for apps on smart phones and to support your company's Enterprise Content Management objectives. Just as an order can be configured with features and options, so can a kit. Select line items and quantities to receive when receiving partial orders. Better data integrity is provided by avoiding large, complex batch postings which tax networks. This also simplifies and speeds up year-end procedures. The Inventory Module is responsible for all activities related to managing inventory. The impact of outstanding sales orders, purchase orders, and work orders are clearly shown as part of future activity. We reviewed the combined Accounting and Manufacturing software from ALERE along with several other competing software products. Payment terms, tax tables and units of measure conversions are also maintained. A right-click menu makes it easy to add, edit, and delete choices and inventory items. Compare financial reports for any two periods of any two years. Five users come with ALERE and may be expanded in increments of five. Drop shipments are controlled seamlessly from customer orders through vendor shipments.Details & Features (628kb), A well-constructed Chart of Accounts is key to assisting effective financial management. This acronym has helped many people master accounting and ace their exams. Rasmussen University does not guarantee, approve, control, or specifically endorse the information or products available on websites linked to, and is not endorsed by website owners, authors and/or organizations referenced. Associate two images in BMP, GIF, JPG or ICO formats to each item. Each line item has a Line note which is printed on order reports that the customer receives. Not us working for the software. Because of theconfusing credentials, differentaccounting mythsand these industry terms, its not uncommon for people to think working in accounting is inaccessible when really it just has its own unique language. Automatically apply sales order prepayments when matching invoices are created. Custom general ledger account rules can be tested on a special Inquiry Tab. Rasmussen University has been approved by the Minnesota Office of Higher Education to participate in the National Council for State Authorization Reciprocity Agreements (NC-SARA), through which it offers online programs in Texas. List all open purchase orders with a supplier, Allow any combination of orders to be selected, Allow individual line items on purchase orders to be selected, along with the quantity, for receipt, Mark individual non-sequential checks as okay. Bills of material that can be configured are displayed when ALERE Accounting is linked with ALERE Manufacturing. To help you get started, we compiled an assortment of basic financial terms and acronyms and created this simple accounting glossary for beginners. This is definitely a company who understands the importance of timely responses to issues and have always gone out of their way to provide thorough resolutions. Assign AR/cash receipts to Bank Deposit IDs where deposits can be managed and bank deposit tickets printed. Roth IRAs are not tax-deductible; however, eligible distributions are tax-free, so as the money grows, it is not subject to taxes upon withdrawals. Then take a moment to look at our tablet-based Service App. Return orders provide an easy way to ship items back to a supplier by producing pick tickets and tracking. With a focus on automating many of the day to day functions of a manufacturer, ALERE Manufacturing includes a finite scheduler which is able to handle both forward and backward scheduling. A Search button permits conditions to be set that will then be used to filter the list of journal entries for only those that meet the search criteria. What makes ALERE different? Why Choose Accounting? Each item can have up to three unique traits which allows a matrix such as style/size/color. ALERE . Individual companies can be customers, suppliers, or both. The term big data describes the large volume of information collected by an ERP system on a day-to-day basis. Support for voiding checks includes the ability to. PDF Reports - Every report in ALERE can be turned into a PDF file to make it easy to share and add email. Assets (fixed and current) (FA, CA) Massive batch transactions that risk network integrity and cripple multi-user speed are eliminated. Liabilities (current and long-term) definition:A company's debts or financial obligations incurred during business operations. Web developers capitalize on the Mobility module by using it to both publish and store updated ALERE data in the Cloud. Apply credit memos to invoices or auto convert them to a payable. A formula based manufacturing application developed and implemented by BatchMaster Software. A Period/Year Closing screen summarizes the status of each period and year at a glance and. Address Specifying which data to publish to the Cloud is done by setting the location to transfer the data to, and then selecting the tables and fields containing the information.Details & Features (473kb). The program you have selected requires a nursing license. Capital (CAP) definition:A financial asset or the value of a financial asset, such as cash or goods. Fetch can be used even if you are in the middle of doing something else. Return on investment (ROI) definition:A measure used to evaluate the financial performance relative to the amount of money that was invested. Pricing rules can be sequenced so as to provide unlimited pricing tiers. Making and receiving payments using a foreign currency is supported. Book Value - BV: In accounting abbreviations, BV represents the original value of an asset after eliminating accumulated depreciation. The level of technical support that customers receive is unparalleled in the industry everything from email/phone support, to assisting on how to implement a new business process into the ALERE system, to actually looking at live data to help troubleshoot an issue. Working capital is calculated by taking your current assets subtracted from current liabilitiesbasically the money or assets an organization can put to work. All Rights Reserved. The parts of ALERE software that we like most are: the traceability between transactions, product costing and the ability to integrate ALERE with other software we use. Matching memo fields for each image are available for long descriptions. a unique order number sequence. Background Community Paramedics (CPs) require access to timely blood analysis in the field to guide treatment and transport decisions. Assign each order type (sales orders, invoices, purchase order, return orders, etc.) Rules may be established for any combination of. Information for all companies is kept in a single file making it easy to move and copy. When a user logs in they can have, Activity Tabs Most screens that have processes in ALERE have an Activity tab. There is support for a multi-tier split commission structure which permits manager commissions to be based on the sales of subordinates. Assign expiration dates to orders. Recording notes, scheduling appointments and adding tasks are all handled by InTouch. This includes unbalanced entries. The product has matured over the years and Development has kept pace with the changing and growing needs of our business. ALERE is ERP software designed to manage a company's financial, CRM, Manufacturing, Service, and Data Acquisition requirements. Create or edit a quote, purchase order, return order, or a recurring order from one screen. The tab displays information related to the record that is open. Assign unique stocking units of measure for each item. Set deleted line items to be shown on orders or suppressed. Companies appreciate how modestly priced ALERE is both to purchase and to maintain. Individual retirement account (IRA) definition:IRAs are savings vehicles for retirement. Any Bill to/Ship to combination is supported, including manually entering a onetime shipping address for drop shipping. Thousands of businesses have come to rely on ERP, accounting, CRM, manufacturing, data acquisition, and mobility solutions from TIW Technology. Auto number orders or enter them manually. Accept and print orders from the entry screen. Each purchase document contains a complete history of its life accompanied by all the associated general ledger postings that were generated. Currency codes may be assigned by location if customers and suppliers have more than one location. A great deal of effort is put into making complicated processes simple and straightforward while still providing feature sets that easily rival or exceed packages costing considerably more. Line items on purchase orders may be partially or wholly received. Now that you have a solid foundation of basic accounting terms, youre ready to start on your path to entering the field. Native functionality includes automatic period closings, extensive inventory traceability, warehouse support, drop shipping, email automation, document management, analytics, multi-currency, robust sales commissions, and credit card processing. Individual GL accounts can be marked inactive to prevent journal entries being made against them. Exchange rates use a straightforward method to allow them to be quickly updated. The Purchases Module is responsible for all purchasing functions, from entering a purchase order, through receiving and releasing to accounts payable, to approving and making payments. The mass shipping function permits orders to be shipped completely or partially. Receive payments by company and location. There is no obligation to enroll.This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Reopen closed periods or fiscal years. All interactions with companies are logged, including activities initiated in ALERE and emails sent from Outlook.Details & Features (816kb), The Sales module manages all activities related to selling products and services to your customers. 769 Youngs Hill RoadEaston, PA 18040, Contacts We decided that ALERE Accounting and ALERE Manufacturing were the best fit for us. The Manager Module provides support for housekeeping, password protection, modifications, and common processes and information that is shared among the modules. Since ALERE can support a large number of companies, company consolidations are supported.Details & Features (560kb), Researching past business performance to gain insight and drive business planning is the purpose of the Analytics Module.
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