alere accounting acronym

The SOC will recalculate the price and cost based on the features and options chosen each time the Save button is selected. Login . Expenses (FE, VE, AE, OE) definition:The fixed, variable, accrued or day-to-day costs that a business may incur through its operations. A Refer To option on the sales order supports a third party. Mass receive purchase orders, transfer orders and sales returns. Accept and print orders from the entry screen. E - Expenses. The implementation team was very responsive to our needs and provided us with software customizations and customized reports. Up to 99 periods in a fiscal year are supported with starting and ending dates for each period. Change selling units of measure using a conversion factor. A Data Dictionary lists and details all tables and reports to assist with modifications to the software. Best Pharmaceutical Distribution Software, Automatic period closings can save a company thousands of dollars each year in lost time, A real time general ledger allows financial reports to be printed anytime for critical period-to-date or year-to-date information, Most modifications are more quickly and easily done than older source code-only methods, Modifications are portable from one version to another, which saves a company from the expensive and risky process of rewriting code, Screen and report defaults are readily changed and can be set up by user, Sales, invoices, cash receipts, purchases, payables, and inventory are always current as of the last transaction, Account balances, profitability and cash flow information are always available. For example, enter a customers PO number and click on Order by Customer PO to find the matching sales order. The SOC (Sales Order Configurator) screen, where the features and options for an item are shown, is automatically displayed when an item number that can be configured is entered. ALERE is at home on either LAN or SQL. Select line items and quantities to receive when receiving partial orders. Line items on purchase orders may be partially or wholly received. Reviewed 3 years ago. We use ALERE for everything related to accounting and order flow. Set up tax districts by company location. 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. 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. Orders can be shipped and not invoiced or shipped and invoiced. Of course, recent change from ALERE v14 to ALERE v15 introduced multi line customer's and supplier's addresses but 3-4 hours of custom forms changes - cosmetics - and on the new version with some 50+ improvements, new document management features , better service tickets and dispatching. 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. The ROI is calculated by dividing the net profit by the cost of the investment. Bills of material that can be configured are displayed when ALERE Accounting is linked with ALERE Manufacturing. Not us working for the software. A GL Posting tab on each order displays the GL postings generated by an order. Certified public accountant (CPA) definition:A designation given to an accountant who has passed a standardizedCPA examand met government-mandated work experience and educational requirements tobecome a CPA. Key changes, with the ability to merge information, can be made for company IDs, company location IDs, item numbers, payment terms, and product classes. Rasmussen University is not regulated by the Texas Workforce Commission. Debits and credits mean "left and right". Washington D.C., Sept. 28, 2017 . Individual retirement account (IRA) definition:IRAs are savings vehicles for retirement. Exchange rates use a straightforward method to allow them to be quickly updated. This piece of ad content was created by Rasmussen University to support its educational programs. A formula based manufacturing application developed and implemented by BatchMaster Software. ALERE manages this data through archiving, which is a fundamentally different process than backing up data. Return orders provide an easy way to ship items back to a supplier by producing pick tickets and tracking. This allows. Net income (NI) definition:A company's total earnings, also called net profit. PDF Reports - Every report in ALERE can be turned into a PDF file to make it easy to share and add email. General ledger transactions and financial reports are done in the base currency. One screen handles the approval of payables for payment and the printing of checks. 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. Income Statements and Balance Sheets can be run for any period of any year. 07/20/2020. A strong development program results in regular releases of new versions of ALERE. Filters allow the list of orders to be narrowed and the list of orders may be sorted by value or customer. 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. . Equity or Owner's Equity - E: The value left for a business after removing all of the liabilities. Multiple levels of user-defined filters may be used to refine the data. Accounting (ACCG) definition: A systematic way of recording and reporting financial transactions for a business or organization. For additional information about Licensing and State Authorization, and State Contact Information for Student Complaints, please see those sections of our catalog. Produce As Of inventory reports for any date or range of items. Track issues, shipments, receipts, and adjustments on the Activity tab. The Analytics module then examines five key areas of this data: customers, suppliers, inventory, general ledger, and lot/serial traceability. 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. Reports that are printing multiple documents, a range of sales orders for example, will automatically be converted to multiple PDF files. Release recurring orders as sales orders or invoices. Insolvency definition:A state where an individual or organization can no longer meet financial obligations with lender(s) when their debts come due. The Executive Advisor provides a real time summary of a companys performance. A non-stock item file is available for companies that do not carry inventory but require item numbers for billing. Over shipping missing kit components is optional. One single screen handles all default general ledger accounts which greatly simplifies the management of these accounts. Use payment terms to control which customers receive statements. For example, the demand for certain features or options which are on those orders. The Income Statement (referred to above as the P&L) and the Balance Sheet. Use InTouch to write quotes for prospects and smoothly turn them into orders. A Data Gateway provides central access to any designated browser. Optional order version control for all orders. Orders can be copied and modified. Quotes are issued, turned into sales orders, released as invoices, and payments received and posted, all from one central screen. A history of rate changes is kept and provides an overview of how those rates change over time. Alere Accounting is a feature rich, SQL based ERP system that molds to your company needs instead of you having to mold to your ERP system requirement. 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. Working with a Valued Added Reseller (VAR), ALERE can be customized and tailored to fit business needs. Advanced bucketless or bucketed MRP with push/pull is supported. September 28, 2017. Are there SBT Pro and VisionPoint Conversions. Kokatat upgraded a legacy business system 15 years ago and chose ALERE. A multi-module management system designed by Mar-Kov Computer Systems for process manufacturing companies. The formula for calculating this will depend on what is being produced, but as an example this may include the cost of the raw materials (parts) and the amount of employee labor used in production. The Configuration Module reports support data mining. Accounts receivable (AR) definition:The amount of money owed by customers or clients to a business after goods or services have been delivered and/or used. Email: info@tiwcorp.com Enrolled agent (EA) definition:A tax professional who represents taxpayers in matters where they are dealing with the Internal Revenue Service (IRS). Purchase orders and payables can be saved in a Pending state and later completed and released. 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. ALERE is available through a nation-wide Dealer channel that can provide consulting, training, and customization and implementation services. Pricing rules can be sequenced so as to provide unlimited pricing tiers. Convert return orders to debit memos. ALERE . Liabilities (current and long-term) definition:A company's debts or financial obligations incurred during business operations. 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. Optional order version control for all orders. on the screens. Credit means to put an entry on the right side of the account. Since dependency, where one decisions leads to subsequent choices, can be multiple levels deep, even the most complex products are completely supported. Investigating This Intriguing Accounting Role, Is Accounting Stressful? Set up temporary password privileges that expire on a specific date. Orders may be shipped one at a time or mass shipped. Reopen closed periods or fiscal years. And they are extremely responsive.. A browser provides a spreadsheet-like view of a table of information. Individual rules can be crafted while still allowing for manual adjustments to the commission amount, bonuses and advances. The support I get from TIW - I don't even have another company I can compare it to in any field. Extensive reporting includes As of reports and a custom financial report generator. 769 Youngs Hill RoadEaston, PA 18040, Contacts Multiple quotes can be created to send to various suppliers for pricing information. Journal entries are flexible and allow the addition of notes for detailed documentation. It almost seemed like they made it for us. MDI (Multiple Document Interface) --MDI allows multiple screens and modules to be open at the same time. In addition, ALERE requires little support once installed and implemented. View anticipated inventory movement on the Future Activity screen with drill down to the documents that will generate the activity. Make sure your answer has: There is an error in phone number. L - Liabilities. Following these rules is especially critical for all publicly traded companies. InTouch manages prospects, customers and suppliers, as both companies and individually as contacts with ease. Real Time Processing Activities, such as GL journal entries and inventory transactions, take place in real time. ALERE features unrivaled manufacturing, inventory management, and accounting toolsets, backed by a robust reporting engine, allowing the system to be readily . Typically, this could be cash, inventory or accounts receivable. Each line item has a Line note which is printed on the purchase order that the supplier receives. 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. And knowing the lingo is an entry-point into the inner circlean indicator that you truly belong. He is involved in the review of investment valuations and key assumptions used for budgeting and forecasting. An Honest Answer. A convenient Config button allows configurations to be changed even after they have been entered. Scrub typhus, caused by Orientia tsutsugamushi, is an important and neglected vector-borne zoonotic disease with an expanding known distribution. There is one central file for the creation and maintenance of system-wide codes like units of measure, price groups, product classes, etc. Receive purchases from a supplier location that is different from the Remit To address. Printer friendly. Reopen closed sales orders and add line items or ship additional quantities. There are numerous companies running with well over 200 users. The Sales Order Configurator is powered by modular and variable BOM information so that it is always accurate, up-to-date, and requires no additional effort to create or maintain.Details & Features (596kb), The Purchases module encompasses all apects of purchasing. The name describes the heart of accounting. Learn more about the road ahead in our article, Your Step-by-Step Guide on How to Become an Accountant. Start an internal requisition order with a list of items to be purchased and send that request to the purchasing department. Unbalanced account distribution templates can be saved so that only the amounts needed to balance the journal entry are required. Apply debit memos to invoices or auto convert them to a receivable or cash. ALERE Accounting contains the features you need to grow your business. Payables can be created directly and pull information from a single purchase order, multiple purchase orders or recurring purchase orders, Payables created from multiple purchase orders will, Create a payable from a recurring purchase order that will allow selection of the line items and quantities to be used and receive the items into inventory when the payable is accepted. Average, Standard, LIFO or FIFO inventory valuations are supported. Each item can have up to three unique traits which allows a matrix such as style/size/color. Orders may be received one at a time or mass received. This protects a company's investment by allowing them to remain current as product upgrades are released. A GL journal entry is completely accomplished using only one screen. Sales and purchase orders can be displayed in the currency in which they were written or in the base currency of your company. Specify the location to ship from by line item. - 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. To help you get started, we compiled an assortment of basic financial terms and acronyms and created this simple accounting glossary for beginners. Companies choose ALERE with the confidence of TIW's more than thirty-five-year track record and a proven reputation for integrity and service excellence in the marketplace. 6. Partially or wholly ship line items. Commission activity has drill-down capabilities right to the document source.Details & Features (512kb), The Multi-Currency module provides the capability of taking and placing orders in currencies other than your base currency. 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. Each line item has a Receive note for internal documentation which prints on the receiving ticket. ERP software to support your company's growthAccounting - CRM - Manufacturing - Service - Mobility - Analytics - Document Management - Data Acquisition. I value the development tools and the ability to customize reports, menus, screens and code. Fixed assets (FA)are long-term and will likely provide benefits to a company for more than one year, such as a real estate, land or major machinery. ABBREVIATIONS; ANAGRAMS; BIOGRAPHIES; CALCULATORS; CONVERSIONS; DEFINITIONS; GRAMMAR; LITERATURE; . Send sales invoices to a different location from where the order was shipped. Each line on a purchase order can also accomodate the placing of an order, controlling the return of items, and recording credit all within one document. 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. This can shield business owners from losing their entire life savings if, for example, someone were to sue the company. Get started with a list of general abbreviations for accounting. The Manager Module provides support for housekeeping, password protection, modifications, and common processes and information that is shared among the modules. In this episode, we briefly discuss each type of account in accounting: Assets, Liabilities, Equity, Revenue, and Expenses. 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. Transfer orders will: Make inventory adjustments for single items or for mass changes. An Exchange Variance report provides a summary of currency variations that occur, for example, between when an invoice is written and when payment is received. PO receipts may be reversed on a line-by-line basis. 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. Prospects, customers, suppliers and their respective contacts are kept in one spot, providing critical information needed to manage relationships. More info, By Callie Malvik Compound finance charges when they are generated. Set deleted line items to be shown on orders or suppressed. Mass invoicing allows multiple sales orders to be shipped and invoiced from one screen. Make sure your answer has only 5 digits. in return for goods and/or services they have delivered. Assign Need By dates to line items for shipping and material planning. New items added to inventory can optionally be established for one or for all locations. Each column is a field, function or a user-definable field in the table. What does alere mean? A browser: Fetch Retrieval Tool Reduce the time it takes to find information with this easy-to-use tool. A multi-module management system designed by Infotech Systems for distribution/wholesale trade and manufacturing companies. ALERE was first released in 1990 as a manufacturing package. The AR/Cash Receipts function includes support for cash, checks, direct deposit, account offsets, and prepayments. Talk with an admissions advisor today. In addition, TIW Development will provide fixed price quotes for companies that would prefer that the Factory perform the modification work. 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. For clients that would like experienced support TIW will provide fixed price quotes for the work. What is ALERE? The Activity tab, The Configuration Module is responsible for defining the product features and options that can be selected when entering orders for customers. EDITORS NOTE: This article was originally published in February, 2013. The journal entry screen has forward and backward buttons to page through transactions. Limited liability company (LLC) definition:An LLC is a corporate structure where members cannot be held accountable for the companys debts or liabilities. Key financial numbers can be viewed with one mouse-click. Auto reversing transactions allow the user to select the date/period that the reversing entry will occur. Current liabilities (CL) are those debts that are payable within a year, such as a debt to suppliers. Add shipping charges as orders are shipped. PBC. What is so appealing about their product is the MRP engine they use. 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. Sales and purchase documents will then automatically default to that currency when used with those customers or suppliers. Not having to rely on highly trained staff to enter the orders is also beneficial. Track and report manufacturing processes with handheld or wedge scanners. A GL Group, which contains the GL accounts to use, can be assigned to each line item. Acronym Definition; ALORE: Asset, Liability, Owner's Equity, Revenue, Expense (general ledger accounting) Features and options for an item are chosen as it is being entered on the order. 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. Voiding a check allows a payable to be reopened just as if the payment had never been made. ALERE is designed, first and foremost, with the user in mind. The reports can also provide information on the status of pending or unshipped orders. It supports web development by controlling which ALERE data is uploaded for webserver HTML use, and keeps it synchronized. All the features and options and how they are related can be viewed at a glance. Bonds and coupons (B&C) definition:A bond is a form of debt investment and is considered afixed income security. Kalie Debelak | Inventory can be stored at location, store and bin with extensive lot, serial, and trait traceability as needed for each item. Multiple warehouses are supported by location as follows: Assign items a list of suppliers and locations that are supported as follows: Drill down on inventory allocations and on order quantities to see a listing of the documents making up the numbers. Drill up from journal entries to the originating document. Assign AR/cash receipts to Bank Deposit IDs where deposits can be managed and bank deposit tickets printed. This even includes building a kit on-the-fly by choosing the components from a list and entering the quantity required for each. Write individual checks directly from the Payables or AP/Cash Payments screens. Test pricing rules before they are released. In ALERE the Manager module provides a central location for information and services that are used throughout the system. By selecting "Submit," I authorize Rasmussen University to contact me by email, phone or text message at the number provided. Then take a moment to look at our tablet-based Service App. It seems every industry has its own secret language. Define separate GL accounts to support finance charges and late fees. Orders may be locked at the order level or the individual line level to prevent further processing while still allowing changes to be made. Compare financial reports for any two periods of any two years. Choose how you do business with them as your relationship matures. Handle items shipped from stock, drop shipped items, returns, and credits on one sales order. Any Bill to/Ship to combination is supported, including manually entering a onetime shipping address for drop shipping. Order date verification checks for an acceptable range of dates within which an order can be accepted. Assign a GL Group to each line item that contains the GL accounts to use. Use Bank Transactions to do deposits and withdrawals, post interest and credits, record bank fees, void checks, and handle returned checks. the release of ALERE Accounting v7.0 as the latest addition to the ALERE Business. An unlimited number of individual companies are supported. ALERE does this by placing an emphasis on the details that make day-to-day activities run smoothly. The term big data describes the large volume of information collected by an ERP system on a day-to-day basis. Items that have passed that date can be marked as expired and cannot be used or marked as degraded which will make them still available but with a warning before they are issued. The cornerstone of ALERE is its broad range and depth of accounting features that make it extremely appealing to a wide variety of businesses. Rasmussen University is not enrolling students in your state at this time. She is passionate about creating quality resources that empower others to improve their lives through education. We emphasize entering activity while it occurs. The difference in value between when an order was taken or placed and the current value based on rate changes can be displayed. The key features are. Support for voiding checks includes the ability to. ALERE is ERP software designed to manage a company's financial, CRM, Manufacturing, Service, and Data Acquisition requirements. A GL Item Group permits each item to have a set of predefined GL accounts that are used when processing the item. Value Added Tax (VAT) is integrated into the tax tables. Even preventative maintenance scheduling is built into the backbone of the software. Global codes, such as units of measure and product classes, are maintained in one location. Modular (make a choice) and variable (enter a quantity) rules are supported. 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. 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. Colorful 2D or 3D charts show trends in rate changes in days, weeks, months or years. ALERE is ERP software designed to manage a company's financial, CRM, Manufacturing, Service, and Data Acquisition requirements. R - Revenue. ALERE displays a browser each time the Get button is selected, the mouse is double left-clicked in a key field or F2 is pressed in a key field. Establish an unlimited number of tax rates for federal, state, county, city, and local sales taxes. Each line item has a Pick note which is printed on the Pick List report. Simple and advanced budgeting, using Excel spreadsheets, is supported. Receive payments by company and location. The reconstruction of past data based on an As Of Date. A Massachusetts-based medical manufacturer has agreed to pay more than $13 million to settle charges that it committed accounting fraud through its subsidiaries to meet revenue targets and made improper payments to foreign officials to increase sales in certain countries. See shipments, returns, payments, and refunds. It allows us to do forecast sharing with our suppliers. Print bank deposit slips. The Language Settings feature permits menus, screens, and even different languages to be customized on a user by user basis. Modifications are easily ported to new releases. E - Equity. Special general ledger accounts are used to post variances due to currency fluctuations when making purchases or sales. Offset AR invoices, credit memos, debit memos, and AP invoices. Out in a cornfield, roughly 50 miles from Pennsylvania's Lehigh Valley, is a company you just may want to keep your eye on.TIW Technology, or Technology for the Industrial Workplace, is aptly named for its roots in manufacturing, and the story of how it forayed into the accounting software space and created Alere Business Applications reflects the company's mission to create products in . The documents that can be processed using a foreign currency include sales orders, invoices, purchase orders, and payables. Check out these basicaccountingdefinitions and start to commit them to memory. Here's a simple acronym that I wish I'd known when I was an accounting beginner: D - Drawings. Similar to the Sales module, ALERE purchase documents can be saved in a pending state, saving hours of re-entry time and making the purchasing process more efficient and flexible. Orders for kits that do not require features and options to be selected are taken without ever seeing the configuration screen. Budgeting is available native to the chart of accounts or through an unlimited number of spreadsheets for comparative and what-if analysis. Language Sets Language sets allow you to customize menus, screens and even have different languages on a user-by-user basis. 08.22.2022, Jordan Jantz | Set Bill To, Ship To, Remit To, or PO To options for each company location. Auto complete orders or hold them open for further work. The configurations for items are created and maintained on one single screen using Treevision.
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