alere accounting acronym

Payments can be accepted or made in either the foreign currency or the base currency. The three main asset classes are equities or stocks, fixed income or bonds, and cash equivalents or money market instruments. In 2001, ALERE Accounting was introduced. Since dependency, where one decisions leads to subsequent choices, can be multiple levels deep, even the most complex products are completely supported. Accounting (ACCG) definition:A systematic way of recording and reporting financial transactions for a business or organization. The ROI is calculated by dividing the net profit by the cost of the investment. Sales order configuration is integrated into the order entry process. The choice of a Mens bike provides the second level choices - Mountain or Street. Bills of material that can be configured are displayed when ALERE Accounting is linked with ALERE Manufacturing. Support for voiding checks includes the ability to. Reopen closed purchase orders and add line items or receive additional quantities. Auto convert return orders to credit memos when they are received. Receive payments by company and location. Yes. The deferred money is usually not subject to tax until it is withdrawn; however, an employee with a Roth 401K can make contributions after taxes. Thousands of businesses have come to rely on ERP, accounting, CRM, manufacturing, data acquisition, and mobility solutions from TIW Technology. Five users come with ALERE and may be expanded in increments of five. Etc. Additionally, some employers choose to match the contributions made by their employees up to a certain percentage. 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. Pricing rules can be set up using only one screen that will. What platform does ALERE use? Here's a simple acronym that I wish I'd known when I was an accounting beginner: D - Drawings. PROS Cash orders produce instant invoices and receipt of payment. Rasmussen University may not prepare students for all positions featured within this content. The difference in value between when an order was taken or placed and the current value based on rate changes can be displayed. Assign AR/cash receipts to Bank Deposit IDs where deposits can be managed and bank deposit tickets printed. There is one central file for the creation and maintenance of system-wide codes like units of measure, price groups, product classes, etc. Convert quotes, blanket, and recurring orders to sales orders or directly to invoices. 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. A multi-module management system designed by Mar-Kov Computer Systems for process manufacturing companies. This means: Dynamic Screen Sizing Screens can be resized by dragging the edges with a mouse. Use InTouch to write quotes for prospects and smoothly turn them into orders. Item numbers are fifteen spaces wide and alphanumeric. 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. 7. Each user can have their own unique environment created for them, such as menus, language, etc. PDF Reports - Every report in ALERE can be turned into a PDF file to make it easy to share and add email. Serial numbers, lot numbers and traits are supported. The program you have selected requires a nursing license. The Sales Module is responsible for all sales functions, from entering an order, through invoicing to managing the cash receipts. Each column is a field, function or a user-definable field in the table. InTouch maintains two-way links with Microsoft Outlook, providing centralized connectivity for appointments, tasks, and emails sent or recorded in either product. Associate two images in BMP, GIF, JPG or ICO formats to each item. Track and report manufacturing processes with handheld or wedge scanners. 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. Companies appreciate how modestly priced ALERE is both to purchase and to maintain. Most importantly, customizations can be easily brought forward to new releases. It is designed to provide management with a tool to explore their company data. Mass receive purchase orders, transfer orders and sales returns. Global codes, such as units of measure and product classes, are maintained in one location. A browser: Fetch Retrieval Tool Reduce the time it takes to find information with this easy-to-use tool. in return for goods and/or services they have delivered. A real-time log reveals all the ins and outs of inventory movement. Any one currency may be established as the base currency. Better data integrity is provided by avoiding large, complex batch postings which tax networks. One code base is used for both the LAN and Client Server (SQL) platforms, LAN based companies in ALERE can be run concurrently, from the same company menu, as SQL based companies, Long lists to be easily viewed and searched, Easy side-by-side screen data comparisons, Screen sizes to be preset for each user with a simple modification requiring no code changes, Work on multiple documents in one or more modules at the same time, Interrupt work on one screen without closing it to complete another task, Open other screens that have supporting information, Eliminate the need to open and close modules constantly, Allows a large amount of data to be quickly viewed, Can be resized to see more lines and columns, Can have the columns resized and reordered in ascending or descending order, Will jump to the first record matching the characters entered, Uses relational logic to create powerful filters, Will display filtered records as a group or within the context of the entire table, Can be modified and saved for a specific user, Screens and field names unique to their business, Has filters that control the amount and type of activity displayed, Provides a way to tie together related information, Supports drill down to specific data or documents, Data sorts by the columns that are displayed, The base price of the item with the options selected with the matching prices, The default price of the item with the modifications and the price for those modifications, List the journal entries for a specific account and date ranges, Shows the key financial reports that need to be printed, Identifies which reports need to be reprinted due to prior period or year postings, Lists which periods or years have been closed, Individual customers, sales group, or for all customers, Items, groups of items, or an individual item, As distributions to inventory adjustments, Auto reverse the positions of debits and credits, Load predefined account distribution templates, Store unlimited notes that can be added or edited, even after the posting is accepted, Selling unit of measure and conversion factor, Safety stock, lead time, minimum order and order increment, Sales order and work allocation quantities, Purchase order and work order on order quantities, Purchase unit of measure with conversion factor, Lead time, minimum order and order increment, Move inventory from one company location to another, Ship the orders individually or use a mass shipping function, Receive the orders individually or use a mass receiving function, Track the value of the orders to a GL account, Ship and receive in one step to expedite the process, Handle increases in inventory due to physical counts or other reasons, Handle reductions in inventory due to physical counts or other reasons, Set on hand inventory counts, prices, standard costs and average costs, Calculate values based on the average cost for the date given, Be filtered for a range of items, a product class or an item type, Be ordered by item, location or product class. Quickly and accurately scan items for sales orders, for shipping and receiving inventory, for doing physical inventory counts, and for time and attendance! Email: info@tiwcorp.com The Sales module can also secure an order, accept returned items, and provide credit all from within one document. Typically, this could be cash, inventory or accounts receivable. Set deleted line items to be shown on orders or suppressed. The point is that a company can grow with ALERE and never need to move to another package. Start an internal requisition order with a list of items to be purchased and send that request to the purchasing department. A Data Gateway provides central access to any designated browser. 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. Assets (fixed and current) (FA, CA) over a period of time. Payment terms, tax tables and units of measure conversions are also maintained. Printer friendly. Set up locator rules to do searches like finding the nearest stores to a customer. This website uses cookies to ensure you get the best experience. Reports that are printing multiple documents, a range of sales orders for example, will automatically be converted to multiple PDF files. Each item can have a default configuration, containing the most common choices from which to start when the item is first entered. Make sure your answer has only 5 digits. Your presence in the cloud may consist of a web site, catalogs, and perhaps an online store. Rasmussen University is not enrolling students in your state at this time. 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. The numeric calculator will allow currency conversion calculations to be made on the fly. One screen handles the approval of payables for payment and the printing of checks. The cornerstone of ALERE is its broad range and depth of accounting features that make it extremely appealing to a wide variety of businesses. Orders may be shipped one at a time or mass shipped. Offset a receivable against a payable. An alphanumeric chart of accounts up to 24 characters wide and six user defined segments is used. Unbalanced account distribution templates can be saved so that only the amounts needed to balance the journal entry are required. Orders for kits generate picking tickets for either the complete kits if they are in stock, or for the components that make up the kits. Data for each company is kept in a separate directory and is easily moved or copied. This means: Modifiability The state-of-the-art architecture of ALERE is SQL compliant, uses object oriented programming (OOP), and is table driven. Multiple quotes can be created to send to various suppliers for pricing information. ALERE is ERP software designed to manage a company's financial, CRM, Manufacturing, Service, and Data Acquisition requirements. 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. 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. The result is often expressed as a percentage. Budgeting is available native to the chart of accounts or through an unlimited number of spreadsheets for comparative and what-if analysis. 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 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. This means that information on how many times a particular option was chosen, by whom and for what product is readily available. Even stock inquiries, printing labels, and increasing or decreasing inventory becomes a snap! Key changes, with the ability to merge information, can be made for company IDs, company location IDs, item numbers, payment terms, and product classes. Orders without activity may be voided. View anticipated inventory movement on the Future Activity screen with drill down to the documents that will generate the activity. Colorful 2D or 3D charts show trends in rate changes in days, weeks, months or years. For companies using ALERE Manufacturing, kits and their components are included in the MRP (materials requirements planning) process. Why ALERE? Companies and prospects are maintained in separate files, making it easier to manage email and direct mail marketing campaigns. The coupon is the annual interest rate paid on a bond. Balance sheet (BS) definition:A financial report that summarizes a company's assets (what it owns), liabilities (what it owes) and owner or shareholder equity, at a given time. They are fantastic!, The reason we chose TIW back in the early 90's was that we needed a package that suited our needs based on a low volume-high mix manufacturing environment. Financial information can be exported to F9 Financial Reporter for further analysis or for budgeting purposes. Equity or Owner's Equity - E: The value left for a business after removing all of the liabilities. What Is Forensic Accounting? Review inventory movement on the Log of Activity screen with drill down to the source documents. General ledger (GL) definition:A complete record of the financial transactions over the life of a company. Line items on sales orders may be. The General Ledger Module is responsible for all activities related to managing the general ledger. The term big data describes the large volume of information collected by an ERP system on a day-to-day basis. A GL Item Group permits each item to have a set of predefined GL accounts that are used when processing the item. Please select another program or contact an Admissions Advisor (877.530.9600) for help. Use them for a whole host of activities, such as placing orders, collecting information, and doing detailed inquiries. A schedule of payment dates may be defined. Create single purpose apps with online links with laptops and tablets. Periods are automatically closed, which eliminates costly batch closings that interrupt business activities. 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 . 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. 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. New search features Acronym Blog Free tools "AcronymFinder.com. Fixed commissions can be generated based on the achievement of sales goal such as revenue, margin, or quantity of items sold. An investor, whether an individual, company, municipality or government, loans money to an entity with the promise of receiving their money back plus interest. Companies may be marked active or inactive to control their use. Payment terms for customers may be overridden. Value Added Tax (VAT) is integrated into the tax tables. The name describes the heart of accounting. 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. Accounts payable (AP) Accounts payable (AP) definition: The amount of money a company owes creditors (suppliers, etc.) Compare actual versus budget for any range of dates. Simple and advanced budgeting, using Excel spreadsheets, is supported. Phone Number (124) 456-9000. A convenient Config button allows configurations to be changed even after they have been entered. To help you get started, we compiled an assortment of basic financial terms and acronyms and created this simple accounting glossary for beginners. Individual rules can be crafted while still allowing for manual adjustments to the commission amount, bonuses and advances. Automatically generate finance charges and late fees. Handle mass shipping of sales orders, transfer orders and purchase returns in any combination. PBC. Each purchase document contains a complete history of its life accompanied by all the associated general ledger postings that were generated. 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. 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. And knowing the lingo is an entry-point into the inner circlean indicator that you truly belong. By selecting "Submit," I authorize Rasmussen University to contact me by email, phone or text message at the number provided. 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). Create or edit a quote, purchase order, return order, or a recurring order from one screen. Investigating This Intriguing Accounting Role, Is Accounting Stressful? Following these rules is especially critical for all publicly traded companies. Background Community Paramedics (CPs) require access to timely blood analysis in the field to guide treatment and transport decisions. 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. This even includes building a kit on-the-fly by choosing the components from a list and entering the quantity required for each. The cornerstone of ALERE is its broad range and depth of accounting features that make it extremely appealing to a wide variety of businesses. 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. Active currency rates may be changed until such time as they are used. Income Statements and Balance Sheets can be run for any period of any year. The mass receiving function permits orders to be received completely or partially. However, some debits increase and some debits decrease. All the features and options and how they are related can be viewed at a glance. Kitting in ALERE far exceeds what is commonly considered standard kitting capabilities. Nov 10, 2018 28:00. Each item can have up to three unique traits which allows a matrix such as style/size/color. The Inventory Module is responsible for all activities related to managing inventory. Book Value - BV: In accounting abbreviations, BV represents the original value of an asset after eliminating accumulated depreciation. The Bank Reconciliation screen provides a checkbook register-like listing of all transactions that affect the checking accounts. 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. Sales and purchase documents will then automatically default to that currency when used with those customers or suppliers. Track issues, shipments, receipts, and adjustments on the Activity tab. Expenses (FE, VE, AE, OE) definition:The fixed, variable, accrued or day-to-day costs that a business may incur through its operations. The 12 Month Income Statement compares twelve months of performance for any beginning period and year specified. 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. Convert net negative orders directly to credit memos. A separate single payment process specializes in handling payments made one-at-a-time by manual check or other methods. Password protection privileges include No Access, Password, Unlimited, and Read Only. 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. TIW can provide teams to handle an implementation on a fixed cost basis for companies that so desire. 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. There are numerous companies running with well over 200 users. Auto complete orders when they are completely shipped and invoiced or hold them open for further work. Transfer orders will: Make inventory adjustments for single items or for mass changes. Establish payment terms using net, calendar and prox terms rules. Offset AR invoices, credit memos, debit memos, and AP invoices. Save orders in an incomplete or Pending state without releasing them for processing. Long-term liabilities (LTL) are typically payable over a period of time greater than one year. Partially or wholly ship line items. Rasmussen University is not regulated by the Texas Workforce Commission. Make sure your answer has: There is an error in ZIP code. Login . The actual cost of a lot can be recorded upon receipt and at the time of issue that cost will be used. 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 Period/Year Closing screen summarizes the status of each period and year at a glance and. 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. To date, thousands of companies of all sizes, including some of the largest in the world, have made the decision to use ALERE. Components are allocated in real-time when the order for the kit is saved. Change selling units of measure using a conversion factor. 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. Group together multiple payments to one supplier on one check or they may be individually selected and printed on a separate check. Please visit www.rasmussen.edu/degrees for a list of programs offered. Daniel joined Alere in October 2020. Produce consolidated Income and Balance Sheet reports for any combination of companies on demand. Kits and their components are automatically issued from inventory when the order is shipped. Callie is the Content Manager at Collegis Education, overseeing blog content on behalf of Rasmussen University. Filter the list of orders to be received for a receiving location and a supplier. Debits and credits mean "left and right". A practical example of the use for variable information is specifying how many reflectors to put on each bicycle wheel or the number of inches of steel tubing required. Pinpoint your companys critical geographic hot spots with a Location of Sales report. A - Assets. Orders may be locked at the order level or the individual line level to prevent further processing while still allowing changes to be made. 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. In ALERE, the chart of accounts is not only graphically constructed on one screen using ALEREs trademarked Treevision technology, but it also incorporates document management that allows, as an example, an Accounts Payable invoice to be found by simply drilling down from the account screen. ALERE is an enterprise resource planning (ERP) software that helps businesses in aviation, food and beverages, distribution, apparel, packaging, textile, and other industries handle operations related to order management, job scheduling, inventory tracking, dispatching, and other processes. Stored notes can be added to the email besides being able to enter personalized messages. 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.
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