alere accounting acronym

This is combined with setting baseline amounts, goals, and cap amounts. There is an error in email. Warranty, testing activities, and recurring work under service plans are all supported. InTouch maintains two-way links with Microsoft Outlook, providing centralized connectivity for appointments, tasks, and emails sent or recorded in either product. Password protection privileges include No Access, Password, Unlimited, and Read Only. Income Statements and Balance Sheets can be run for any period of any year. This acronym has helped many people master accounting and ace their exams. The journal entry screen has forward and backward buttons to page through transactions. During the receiving process, item numbers may be optionally displayed as either your item number or the suppliers item number. Additionally, some employers choose to match the contributions made by their employees up to a certain percentage. From inventory receipts, to manufacturing transactions, to shipments and invoicing - we know right up to the minute what has occurred. ERP software to support your company's growthAccounting - CRM - Manufacturing - Service - Mobility - Analytics - Document Management - Data Acquisition. It's time to roll up those sleeves and start building your accounting vocabulary. Multiple drop ship items on an order for one vendor are consolidated on one purchase order. I believe the software should work for us. Both the A/R Receivables and A/P Payables reports have options to be run for specific currencies. It has since been updated. Apply debit memos to invoices or auto convert them to a receivable or cash. Review inventory movement on the Log of Activity screen with drill down to the source documents. - 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. Data for each company is kept in a separate directory and is easily moved or copied. So if youre starting to think aboutpursuing a career in accounting, your first step is to familiarize yourself with some of the basic accounting terms, acronyms and abbreviations in the field. Inventory - INV: 8. Product configurations can be predefined and assigned finished good item numbers. The key features are. Return orders place the items on order in inventory and can be shown separately when doing mass receiving. Any one currency may be established as the base currency. What makes ALERE different? TIW has been a valued partner over the past 15 years and the ALERE product has been an integral part of our business success. Handle non-stock material three ways. Net income is calculated by subtracting total expenses from total revenues. Daniel joined Alere in October 2020. At the same time, the kit is placed on order in inventory. ERP software is, by its nature, a large and complex program with many moving parts. Since dependency, where one decisions leads to subsequent choices, can be multiple levels deep, even the most complex products are completely supported. Items on a purchase order can be received and the order considered complete if the quantity falls within an overage/shortage range. Assets (fixed and current) (FA, CA) The name describes the heart of accounting. Assign Need By dates to line items for shipping and material planning. Sales order configuration is integrated into the order entry process. 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). Auto complete orders or hold them open for further work. Convert quotes, blanket, and recurring orders to sales orders or directly to invoices. At key points in the sales and purchasing processes, emails can be auto-generated and a PDF of the accompanying document attached and sent based on a set of user defined rules. The support I get from TIW - I don't even have another company I can compare it to in any field. A full ERP system designed by TIW Technology. The Executive Advisor provides a real time summary of a companys performance. The key features are. Even stock inquiries, printing labels, and increasing or decreasing inventory becomes a snap! Automatically generate finance charges and late fees. The deferred money is usually not subject to tax until it is withdrawn; however, an employee with a Roth 401K can make contributions after taxes. in return for goods and/or services they have delivered. Calendar terms are established by defining dates based on a calendar. ALERE finance and accounting software includes: Customer invoicing Accounts receivable Alere inventory Accounts payable Real-time general ledger Financial reporting Analytics Business intelligence This protects a company's investment by allowing them to remain current as product upgrades are released. There is support for a multi-tier split commission structure which permits manager commissions to be based on the sales of subordinates. Accept and print orders from the entry screen. External links provided on rasmussen.edu are for reference only. A sales graph for the Executive Advisor displays key sales information for a range of dates in a variety of 2D or 3D formats with a resolution of days, weeks or months. Remote Terminal Services easily provides access to desktop and mobile devices. Designed as a general-purpose ERP package, ALERE solves day-to-day usability and data entry issues allowing organizations to efficiently and accurately gather inputs. The time during which prior period postings can be accepted before a password is required can be set from 0 to 999 days. And knowing the lingo is an entry-point into the inner circlean indicator that you truly belong. 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. EDITORS NOTE: This article was originally published in February, 2013. More info, By Callie Malvik Reversing entries are controlled manually and the postings can be edited before they are released. Please select another program or contact an Admissions Advisor (877.530.9600) for help. The configurations for items are created and maintained on one single screen using Treevision. Compare actual versus budget for any range of dates. Quickly find all companies within a given radius of a zip code with a Proximity Locator. Customer and supplier part numbers can be used interchangeably, smoothing the order and purchasing processes. For additional information about Licensing and State Authorization, and State Contact Information for Student Complaints, please see those sections of our catalog. The key features are. Create single purpose apps with online links with laptops and tablets. Individual rules can be crafted while still allowing for manual adjustments to the commission amount, bonuses and advances. The AR/Cash Receipts function includes support for cash, checks, direct deposit, account offsets, and prepayments. Each row corresponds to a record in the table. What does alere mean? Aged receivables and aged payables statements are available in a company's base currency or in the currency in which they were created. The implementation team was very responsive to our needs and provided us with software customizations and customized reports. ALERE does this by placing an emphasis on the details that make day-to-day activities run smoothly. See shipments, returns, payments, and refunds. Received without being released as a payable. Any grids, lists, notes fields or pictures on the screen are automatically sized with the screen. A multi-module management system designed by Infotech Systems for distribution/wholesale trade and manufacturing companies. View GL postings made by the bank transactions as they occur. Inventory can be stored at location, store and bin with extensive lot, serial, and trait traceability as needed for each item. Apply credit memos to invoices or auto convert them to a payable. Choose how you do business with them as your relationship matures. Choose to ship an item from inventory or have it drop shipped. Each item can have up to three unique traits which allows a matrix such as style/size/color. Serial numbers, lot numbers and traits are supported. The product has matured over the years and Development has kept pace with the changing and growing needs of our business. Here's a simple acronym that I wish I'd known when I was an accounting beginner: D - Drawings. A Price Group field allows items to be assigned special pricing rules, such as belonging to a group that is on sale this week. Clients have found that there is so much value in the services provided by the SMA that more the majority elect to stay on Software Maintenance. Each column is a field, function or a user-definable field in the table. The STANDS4 Network. Set quantities for items to a precision of three (3) decimal places. The . Background Community Paramedics (CPs) require access to timely blood analysis in the field to guide treatment and transport decisions. This includes unbalanced entries. Entering a finished good item number will automatically fill in the configuration choices that are associated with that finished good. The SOC will recalculate the price and cost based on the features and options chosen each time the Save button is selected. 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. Your presence in the cloud may consist of a web site, catalogs, and perhaps an online store. Working with a Valued Added Reseller (VAR), ALERE can be customized and tailored to fit business needs. ALERE is at home on either LAN or SQL. E - Expenses. Address Fill out the form to receive information about: There are some errors in the form. Track inventory that is in transit with a dedicated default account.Monitor customer and supplier prepayments using separate default accounts. Capital (CAP) definition:A financial asset or the value of a financial asset, such as cash or goods. The discrete manufacturer will find a wealth of tools to help control production including transaction-based work orders; routing; costing; BOMs consisting of Component, Modular, Variable, Phantom, and Kits all supporting 25 indented levels; and finite forward/backward scheduling! Generally accepted accounting principles (GAAP) definition:A set ofrules and guidelinesdeveloped by the accounting industry for companies to follow when reporting financial data. Everything to do with creating inventory items, mass shipping orders, mass receiving orders, transferring inventory, physical inventory, and adjustments to inventory is handled by this module. And they are extremely responsive.. Nov 10, 2018 28:00. Each item can have a default configuration, containing the most common choices from which to start when the item is first entered. Typically, we have financial statements completed by 10:00 AM on the 1st for the previous month. Approve and make payments by company and location. Accounts payable (AP) definition:The amount of money a company owes creditors (suppliers, etc.) Features and options for an item are chosen as it is being entered on the order. When one of the lines containing a configuration question on the SOC is selected, a list of the choices is shown along with the availability and cost for each. A requisition can be submitted, turned into a purchase order, released as a payable when received, and finally, paid. MDI improves work flow by allowing you to: Advanced Browser - Browsers help find a specific record or piece of information. a unique order number sequence. Test pricing rules before they are released. Separate GL accounts track outbound sales and inbound purchases. PDF Reports - Every report in ALERE can be turned into a PDF file to make it easy to share and add email. 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. You as a customer get value. Change purchase order line item unit costs right up to their release. The DEALER Method: The Hack to Make Sure You Never Forget. Our website provides a free download of ALERE Accounting 7.0. In addition to allowing choices to be made, variable information can be entered using a pop up numeric keypad. Filter the list of orders to be shipped for a specific location, a customer, and even a specific customer location. The initial and ongoing costs for ALERE are surprising affordable and well within the budget for even small operations. This also simplifies and speeds up year-end procedures. A history screen provides an overview of how currency buy and sell rates change over time.Details & Features (372kb), The Mobility module manages interfacing ALERE with mobile devices through the Cloud. Copy and restart voided orders. TIW is entering its thirty-fifth year. Selecting from the list enters the choice. Across the board, for the level of ERP we were looking for, they almost all offered similar functionlaity but it was Aleres adaptability that had us move forward with them. Send sales invoices to a different location from where the order was shipped. The program you have selected requires a nursing license. 401k & Roth 401k definition:A 401K is a savings vehicle that allows an employee to defer some of their compensation into an investment-based retirement account. Transfer orders will: Make inventory adjustments for single items or for mass changes. 7. TIW can provide teams to handle an implementation on a fixed cost basis for companies that so desire. Unbalanced account distribution templates can be saved so that only the amounts needed to balance the journal entry are required. This can shield business owners from losing their entire life savings if, for example, someone were to sue the company. Currency codes may be assigned by location if customers and suppliers have more than one location. Orders can be copied and modified. Why ALERE? The configurations of similar finished goods can be copied to speed up the process of creating them. The Sales Module is responsible for all sales functions, from entering an order, through invoicing to managing the cash receipts. Active/inactive dates can be used for temporary taxes.Combine tax rates into tax districts to handle a wide variety of sales tax situations. Any Bill to/Ship to combination is supported, including manually entering a onetime shipping address for drop shipping. Components are allocated in real-time when the order for the kit is saved. The choice of a Mens bike provides the second level choices - Mountain or Street. Optional order version control for all orders. ALERE Accounting contains the features you need to grow your business. Each line item has a Line note which is printed on the purchase order that the supplier receives. This means that information on how many times a particular option was chosen, by whom and for what product is readily available. Companies and their relationships with your company are defined in the Manager module. 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. ALERE is designed, first and foremost, with the user in mind. Customer numbers can be used to enter line items on orders. 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. The three main asset classes are equities or stocks, fixed income or bonds, and cash equivalents or money market instruments. MDI (Multiple Document Interface) --MDI allows multiple screens and modules to be open at the same time. Following these rules is especially critical for all publicly traded companies. There is a Developer's Kit for modifications. ALERE is available through a nation-wide Dealer channel that can provide consulting, training, and customization and implementation services. Auto reversing transactions allow the user to select the date/period that the reversing entry will occur. ALERE Manufacturing is designed for use by small and midsize manufacturers operating in a range of industries. ALERE is ERP software designed to manage a company's financial, CRM, Manufacturing, Service, and Data Acquisition requirements. Void orders without activity. Present value (PV) definition:The current value of a future sum of money based on a specific rate of return. Email - Key Sales and Purchase screens can automatically convert the order into a PDF file and send it via email. General ledger (GL) definition:A complete record of the financial transactions over the life of a company. 07/20/2020. Release recurring orders as sales orders or invoices. Set up tax districts by company location. The full range of sales, receivables, purchases, payables, inventory and general ledger is exquisitely incorporated. 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. R - Revenue. over a period of time. Each company location can be assigned a default currency to use. The 12 Month Income Statement compares twelve months of performance for any beginning period and year specified. Fetch is independent of the program modules, so it can be left open on the screen for immediate access. Each purchase document contains a complete history of its life accompanied by all the associated general ledger postings that were generated. Kokatat upgraded a legacy business system 15 years ago and chose ALERE. Assign expiration dates to orders. HIV positive patients with D4 count 350 cells/mm3 (according to the Alere PIMA D4 point of care system) 2. Average, Standard, LIFO or FIFO inventory valuations are supported. Change purchasing u/m on a line item using a conversion factor. A Period/Year Closing screen summarizes the status of each period and year at a glance and. Select line items and quantities to receive when receiving partial orders. However, some debits increase and some debits decrease. Journal entries will. Reopen closed sales orders and add line items or ship additional quantities. 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. There is one central file for the creation and maintenance of system-wide codes like units of measure, price groups, product classes, etc. An alphanumeric chart of accounts up to 24 characters wide and six user defined segments is used. 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. Load predefined comments from a file and place them on orders. Load predefined comments and place them on orders. Orders may be received one at a time or mass received. Special general ledger accounts are used to post variances due to currency fluctuations when making purchases or sales. 3. ALERE jumped right in and customized what was needed to assure those needs were met. Why Choose Accounting? Line items on purchase orders may be partially or wholly received. The Inventory Module is responsible for all activities related to managing inventory. The pricing has always been fair. Cost of goods sold (COGS) definition:The direct expenses related to producing the goods sold by a business. Use them for a whole host of activities, such as placing orders, collecting information, and doing detailed inquiries. Knowing how to talk the talk will allow you to focus less on accounting definitions and more on the important training youll need to launch a successful accounting career. Fetch can be used even if you are in the middle of doing something else. Please correct the errors and submit again. 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. The Configuration Module has built in support for kitting, making it native to the accounting system. Released as a payable without being received. Orders for kits that do not require features and options to be selected are taken without ever seeing the configuration screen. Traits are user defined. The name would be formed by taking the first letter of each category that makes up two of accounting's most important financial documents: the Balance Sheet and the Income Statement . For example, a sales order Activity tab may list the quote that started the order, shipments and returns, invoices created from the order, and payments and refunds. ALERE stands for Assets, Liabilities, Equity, Revenue, and Expenses. We decided that ALERE Accounting and ALERE Manufacturing were the best fit for us. Auto convert quotes and recurring orders to purchase orders or payables. You can create and execute email and direct mail campaigns with it. Received and released as a payable in one step. Quotes are issued, turned into sales orders, released as invoices, and payments received and posted, all from one central screen. Companies may be marked active or inactive to control their use. 5 Rock-Solid Reasons to Major in Accounting, Connect with Rasmussen University on Facebook, Connect with Rasmussen University on Instagram, Connect with Rasmussen University on LinkedIn, Connect with Rasmussen University on Pinterest, Connect with Rasmussen University on Twitter, Connect with Rasmussen University on Youtube, Human Resources and Organizational Leadership, Information Technology Project Management, Transfer Credit & Other Knowledge Credit, See an example of the time value of money here, Your Step-by-Step Guide on How to Become an Accountant, Letter from the Senior Vice President and Provost, Financial Aid and FAFSA (for those who qualify). Email, view or print orders. 10.31.2022, Jordan Jantz | Financial information can be exported to F9 Financial Reporter for further analysis or for budgeting purposes. It seems every industry has its own secret language. Real Time Processing Activities, such as GL journal entries and inventory transactions, take place in real time. The reconstruction of past data based on an As Of Date. The coupon is the annual interest rate paid on a bond. Alere Accounting Software Alere ERP Accounting Modules Manager ERP software is, by its nature, a large and complex program with many moving parts. A lot can be assigned an expiration date. Link/Page Citation See an example here. Accept and print orders directly from the entry screen. Also, some credits increase and some decrease. For clients that would like experienced support TIW will provide fixed price quotes for the work. The impact of outstanding sales orders, purchase orders, and work orders are clearly shown as part of future activity. Periods are automatically closed, which eliminates costly batch closings that interrupt business activities. 07.11.2022, Carrie Mesrobian | Activities like processing a prepayment or handling a return are done quickly, logically and with a minimum number of steps. Item numbers are fifteen spaces wide and alphanumeric. Most importantly, customizations can be easily brought forward to new releases. What platform does ALERE use? Kits and their components are automatically issued from inventory when the order is shipped. Since it is common for the employees not to know the item number of the items to be ordered, the order can be filled out using only a description and quantity. September 28, 2017. Alere's publisher, TIW Corp, has provided superb customer service, both to our company as well as directly to our clients. It allows us to do forecast sharing with our suppliers. Multiple ways to sort the list of payables to be approved are available, including by available discounts. on A history of rate changes is kept and provides an overview of how those rates change over time. Save orders in an incomplete or Pending state without releasing them for processing. 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. Accounting (ACCG) definition: A systematic way of recording and reporting financial transactions for a business or organization. Best of all, the cost is based on the number of modules purchased - not the number of users! For example, the demand for certain features or options which are on those orders. The owners of the stock are known as shareholders. Start an internal requisition order with a list of items to be purchased and send that request to the purchasing department. Are there SBT Pro and VisionPoint Conversions. Each line item has a Need By date for receiving and material planning. Optionally hide the costs of line items during order entry. on the screens. Pinpoint your companys critical geographic hot spots with a Location of Sales report. Acronym Definition; ALORE: Asset, Liability, Owner's Equity, Revenue, Expense (general ledger accounting) Making and receiving payments using a foreign currency is supported. Email: info@tiwcorp.com Voiding a check allows a payable to be reopened just as if the payment had never been made. Compound finance charges when they are generated. We had a few specialized features that were essential and most of the providers told us they could not meet that need. Value Added Tax (VAT) is integrated into the tax tables. Account distribution templates speed journal entries by predefining the list of accounts to be used and how the amounts are to be applied: When percentages are used on the account distribution templates, only the total amount needs to be entered for the entire journal entry to be created. Not having to rely on highly trained staff to enter the orders is also beneficial. Assign AR/cash receipts to Bank Deposit IDs where deposits can be managed and bank deposit tickets printed. In addition, ALERE requires little support once installed and implemented. SIC codes are assigned to companies from a built in table. It supports web development by controlling which ALERE data is uploaded for webserver HTML use, and keeps it synchronized.

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