alere accounting acronym alere accounting acronym

Mark individual line items on a purchase order as a Purchase, Return or Credit. Use an Explorer-like interface, called Treevision to drill down to sales information and even right to the actual orders. Received without being released as a payable. Orders may be locked at the order level or the individual line level to prevent further processing while still allowing changes to be made. PO receipts may be reversed on a line-by-line basis. Use Bank Transactions to do deposits and withdrawals, post interest and credits, record bank fees, void checks, and handle returned checks. More info, By Callie Malvik Release recurring orders as sales orders or invoices. Long-term liabilities (LTL) are typically payable over a period of time greater than one year. Features and options for an item are chosen as it is being entered on the order. Individual pages may be easily printed; however, the total manual exceeds more than fifty thousand hyperlinked pages that defy printing in whole. While the Dynamic type conversion frequently requires expert intervention, it nevertheless can handle 80% or better of the upgrade. This includes unbalanced entries. By selecting "Submit," I authorize Rasmussen University to contact me by email, phone or text message at the number provided. Even stock inquiries, printing labels, and increasing or decreasing inventory becomes a snap! A GL Group, which contains the GL accounts to use, can be assigned to each line item. Current liabilities (CL) are those debts that are payable within a year, such as a debt to suppliers. Equity or Owner's Equity - E: The value left for a business after removing all of the liabilities. Rules may be established for any combination of. A Get button helps find specific entries based on the journal ID, a reference key or the description of the entry. Aged receivables and aged payables statements are available in a company's base currency or in the currency in which they were created. Fixed commissions can be generated based on the achievement of sales goal such as revenue, margin, or quantity of items sold. A full ERP system designed by TIW Technology. Inventory can be stored at location, store and bin with extensive lot, serial, and trait traceability as needed for each item. ERP software to support your company's growthAccounting - CRM - Manufacturing - Service - Mobility - Analytics - Document Management - Data Acquisition. The result is often expressed as a percentage. Customer and supplier part numbers can be used interchangeably, smoothing the order and purchasing processes. File supplier 1099 forms electronically. Average, Standard, LIFO or FIFO inventory valuations are supported. Mass invoicing allows multiple sales orders to be shipped and invoiced from one screen. Accounts payable (AP) Accounts payable (AP) definition: The amount of money a company owes creditors (suppliers, etc.) TIW has been a valued partner over the past 15 years and the ALERE product has been an integral part of our business success. ALERE does this by placing an emphasis on the details that make day-to-day activities run smoothly. A separate single payment process specializes in handling payments made one-at-a-time by manual check or other methods. TIW can provide teams to handle an implementation on a fixed cost basis for companies that so desire. Auto convert return orders to credit memos when they are received. There is a Developer's Kit for modifications. You as a customer get value. Banking activities, including bank reconciliations, are controlled and monitored. 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. 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 . The elements that comprise the service work can be defined along with an overview of each customer site where the work is to be performed. The same process handles sales returns. Software Maintenance is optional but is all inclusive. The support I get from TIW - I don't even have another company I can compare it to in any field. Assign expiration dates to orders. There is an error in email. 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. We had a few specialized features that were essential and most of the providers told us they could not meet that need. A schedule of payment dates may be defined. During the process of recording a receipt for an invoice, the payment can be automatically applied, starting with the oldest invoice first, until the total payment amount is reached. Commission periods can be defined by each sales representative. This means: Modifiability The state-of-the-art architecture of ALERE is SQL compliant, uses object oriented programming (OOP), and is table driven. 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 initial and ongoing costs for ALERE are surprising affordable and well within the budget for even small operations. What Is Forensic Accounting? Quickly and accurately scan items for sales orders, for shipping and receiving inventory, for doing physical inventory counts, and for time and attendance! 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. Pinpoint your companys critical geographic hot spots with a Location of Sales report. 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. This means: Dynamic Screen Sizing Screens can be resized by dragging the edges with a mouse. Each line item has a Line note which is printed on the purchase order that the supplier receives. Companies appreciate how modestly priced ALERE is both to purchase and to maintain. Created and maintained by TIW's development team to insure the highest levels of integration and integrity! Unbalanced account distribution templates can be saved so that only the amounts needed to balance the journal entry are required. Mass processing functions for releasing, picking, and invoicing orders, as well as generation of customer statements and automatically emailing notifications and orders, provide your company with significantly greater efficiency gains.Details & Features (776kb), ALERE's SOC (Sales Order Configurator) module improves the performance and accuracy of sales order entry by verifying the correct features and options are offered and that the right finished good part numbers are used. The difference in value between when an order was taken or placed and the current value based on rate changes can be displayed. During the receiving process, item numbers may be optionally displayed as either your item number or the suppliers item number. Diversification definition:The process of allocating or spreading capital investments into varied assets to avoid over-exposure to risk. Orders may be locked to prevent further processing while still allowing changes to be made. Simple and advanced budgeting, using Excel spreadsheets, is supported. All GL transactions are posted in real time to the general ledger. Data for each company is kept in a separate directory and is easily moved or copied. Similar configurations from previous or current sales orders can be located, copied into an order and edited. The key features are. Orders can be copied and modified. This includes: acknowledging orders received from customers; forwarding invoices when orders are shipped; and releasing purchase orders and have them sent to suppliers. A traditional IRA allows individuals to direct pre-tax dollars toward investments that can grow tax-deferred, meaning no capital gains or dividend income is taxed until it is withdrawn, and, in most cases, its tax deductible. Equity and owner's equity (OE) definition:In the most general sense, equity is assets minus liabilities. Reports that are printing multiple documents, a range of sales orders for example, will automatically be converted to multiple PDF files. For example- An order for a bike may have two top level choices - Mens or Womens. Orders without activity may be voided. ALERE . Any Bill to/Ship to combination is supported, including manually entering a onetime shipping address for drop shipping. ACCG/ACCT - Accounting ADT - Auditing BUS/BSN - Business CAP - Capital CF - Cash Flow CFO - Chief Financial Officer COO - Chief Operating Officer CPA - Certified Public Accountant CR - Credit CUR - Current CURR - Currency DR - Debit GAAS - General Accepted Accounting Standards Assign AR/cash receipts to Bank Deposit IDs where deposits can be managed and bank deposit tickets printed. Load predefined comments and place them on orders. Make sure your answer has: There is an error in phone number. Web developers capitalize on the Mobility module by using it to both publish and store updated ALERE data in the Cloud. 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. 2023 Rasmussen College, LLC. Track inventory that is in transit with a dedicated default account.Monitor customer and supplier prepayments using separate default accounts. Working with a Valued Added Reseller (VAR), ALERE can be customized and tailored to fit business needs. Assign individual GL account numbers to each tax rate. A GL Posting tab on each order displays the GL postings generated by an order. The program you have selected requires a nursing license. Alere is a mature and well-established product which continues to adapt to new technology to support the needs of today's customers.A benefit of its development process is a continual emphasis on refactoring the basic architecture. What makes ALERE different? ALERE was first released in 1990 as a manufacturing package. Limited liability company (LLC) definition:An LLC is a corporate structure where members cannot be held accountable for the companys debts or liabilities. View a list of all users logged in on one screen. Email, view or print orders. 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. Sales order configuration is integrated into the order entry process. Individual rules can be crafted while still allowing for manual adjustments to the commission amount, bonuses and advances. Mark items as any mix of purchased, manufactured, component, sellable, stocking, drop shipped, and taxable. This is combined with setting baseline amounts, goals, and cap amounts. Each item can have up to three unique traits which allows a matrix such as style/size/color. Kokatat upgraded a legacy business system 15 years ago and chose ALERE. Modular (make a choice) and variable (enter a quantity) rules are supported. MDI (Multiple Document Interface) --MDI allows multiple screens and modules to be open at the same time. So, the user interface is rich and powerful, and all modules utilize that same interface. Optionally hide the costs of line items during order entry. Most importantly, customizations can be easily brought forward to new releases. Entering a finished good item number will automatically fill in the configuration choices that are associated with that finished good. Fill out the form to receive information about: There are some errors in the form. the release of ALERE Accounting v7.0 as the latest addition to the ALERE Business. E - Equity. You can create and execute email and direct mail campaigns with it. For users that have spent years and years using the ubiquitous SBT (now Sage) products, ALERE offers no charge conversion programs that can do Static (fixed data like customers, suppliers and inventory) and Dynamic (transactional data) conversions. I believe the software should work for us. Compare actual versus budget for any range of dates. Each company can have a user-defined status such as Dealer, Customer, etc. Distribute the GL effects of an inventory adjustment over a range of accounts. See shipments, returns, payments, and refunds. 769 Youngs Hill RoadEaston, PA 18040, Contacts 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. Mark pricing rules as either Active or Inactive. Compound finance charges when they are generated. Serial numbers, lot numbers and traits are supported. This website uses cookies to ensure you get the best experience. Each row corresponds to a record in the table. Applications family of products. Calendar terms are established by defining dates based on a calendar. The Service product is eminently suitable for everything from industrial services, conditional inspections and reporting, through event planning, The product will handle the generation, scheduling and execution of all types of service work. Each document contains a complete history of its life accompanied by all the associated general ledger postings that were generated. Partially or wholly ship line items. In 2001, ALERE Accounting was introduced. 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. The cornerstone of ALERE is its broad range and depth of accounting features that make it extremely appealing to a wide variety of businesses. 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. A browser: Fetch Retrieval Tool Reduce the time it takes to find information with this easy-to-use tool. Accounting and Auditing: What's the Difference? Use smart phone apps to access customer information or create your own! The reconstruction of past data based on an As Of Date. Net income (NI) definition:A company's total earnings, also called net profit. Alere Accounting Software Alere ERP Accounting Modules Manager ERP software is, by its nature, a large and complex program with many moving parts. Yes. See an example of the time value of money here. Auto convert quotes and recurring orders to purchase orders or payables. In this episode, we briefly discuss each type of account in accounting: Assets, Liabilities, Equity, Revenue, and Expenses. We emphasize entering activity while it occurs. For clients that would like experienced support TIW will provide fixed price quotes for the work. in return for goods and/or services they have delivered. Start an internal requisition order with a list of items to be purchased and send that request to the purchasing department. ERP software is, by its nature, a large and complex program with many moving parts. 7. Auto reversing transactions allow the user to select the date/period that the reversing entry will occur. Pricing rules can be sequenced so as to provide unlimited pricing tiers. A lot can be assigned an expiration date. 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. At the same time, the kit is placed on order in inventory. Thousands of businesses have come to rely on ERP, accounting, CRM, manufacturing, data acquisition, and mobility solutions from TIW Technology. Prospects may have any number of quotes submitted, with both prospects and quotes easily converted to company status when purchases are confirmed. A history of rate changes is kept and provides an overview of how those rates change over time. 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! Voiding a check allows a payable to be reopened just as if the payment had never been made. The pricing has always been fair. The documents that can be processed using a foreign currency include sales orders, invoices, purchase orders, and payables. 8. What is ALERE? An Activity tab on each order permits all related activity to be viewed with drill down. Key modules have been added over time making the product extremely feature rich, able to adapt to business processes, while retaining the flexibility that is the hallmark of the ALERE product. Companies and their relationships with your company are defined in the Manager module. 10 - Depreciation, Amortization, & Fixed Assets. A multi-module management system designed by Infotech Systems for distribution/wholesale trade and manufacturing companies. Reviewed 3 years ago. . There is no obligation to enroll.This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Void orders without activity. Accept sales order prepayments, non-invoice receipts and customer on account payments. ALERE is at home on either LAN or SQL. 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. Bonds and coupons (B&C) definition:A bond is a form of debt investment and is considered afixed income security. Assign expiration dates to orders. Traits are user defined. Selecting from the list enters the choice. Convert a net negative order to a debit memo.