alere accounting acronym

EDITORS NOTE: This article was originally published in February, 2013. Received but unbilled purchase orders can be closed with the Done button. View anticipated inventory movement on the Future Activity screen with drill down to the documents that will generate the activity. Track issues, shipments, receipts, and adjustments on the Activity tab. This website uses cookies to ensure you get the best experience. Compare financial reports for any two periods of any two years. Order date verification checks for an acceptable range of dates within which an order can be accepted. A requisition can be submitted, turned into a purchase order, released as a payable when received, and finally, paid. Create budget templates from actual data and maintain multiple budgets for what if analysis. Accept and print orders from the entry screen. Key features are: Quotes, sales orders, sales invoices, return orders, credit memos, blanket orders, and recurring orders are supported. Talk with an admissions advisor today. The result is often expressed as a percentage. An Honest Answer. Massive batch transactions that risk network integrity and cripple multi-user speed are eliminated. Dated Income Statement comparison report can be run for any two ranges of dates. Just as an order can be configured with features and options, so can a kit. There are numerous companies running with well over 200 users. Recording notes, scheduling appointments and adding tasks are all handled by InTouch. The support I get from TIW - I don't even have another company I can compare it to in any field. Assets (fixed and current) definition: Current assets (CA)are those that will be converted to cash within one year. JX Nippon Mining & Metals needed a solution that could meet the needs of our fast moving manufacturing environment. Up to 99 periods in a fiscal year are supported with starting and ending dates for each period. 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. The mass shipping function permits orders to be shipped completely or partially. Auto convert return orders to credit memos when they are received. For example, a contractor that must be present to accept delivery. Capital (CAP) definition:A financial asset or the value of a financial asset, such as cash or goods. Balance checking accounts and find errors with a practical bank reconciliation process. 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. Email, view or print orders. Group together multiple payments to one supplier on one check or they may be individually selected and printed on a separate check. R - Revenue. There is one central file for the creation and maintenance of system-wide codes like units of measure, price groups, product classes, etc. E - Expenses. 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. This permits returns and credits to be handled within one order. Please correct the errors and submit again. Apply credit memos to invoices or auto convert them to a payable. Print bank deposit slips. Define separate GL accounts to support finance charges and late fees. The SOC will determine the correct finished good item number to use based on the configuration that was entered. Cash flow (CF) definition:The revenue or expense expected to be generated through business activities (sales, manufacturing, etc.) Advanced bucketless or bucketed MRP with push/pull is supported. Inventory can be stored at location, store and bin with extensive lot, serial, and trait traceability as needed for each item. What Is Forensic Accounting? A returned check reopens an invoice just as if the payments had never been received. Orders can be shipped and not invoiced or shipped and invoiced. See an example here. In ALERE the Manager module provides a central location for information and services that are used throughout the system. Offset a receivable against a payable. 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. ALERE features unrivaled manufacturing, inventory management, and accounting toolsets, backed by a robust reporting engine, allowing the system to be readily . An Activity tab on each order permits all related activity to be viewed with drill down. Orders may be shipped one at a time or mass shipped. 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. Simple and advanced budgeting, using Excel spreadsheets, is supported. 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. Five users come with ALERE and may be expanded in increments of five. Each item can have a default configuration, containing the most common choices from which to start when the item is first entered. 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. 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. Like most ERP systems it has a full-fledged accounting system including the Sales, Purchases, Inventory, General Ledger, Multi-Currency, Commissions, and Analytics modules and Manufacturing . The full range of sales, receivables, purchases, payables, inventory and general ledger is exquisitely incorporated. 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. However, some debits increase and some debits decrease. Enrolled agent (EA) definition:A tax professional who represents taxpayers in matters where they are dealing with the Internal Revenue Service (IRS). Furthermore, the ALERE manual is being constantly upgraded and improved and is available for downloading from the TIW web site. Created and maintained by TIW's development team to insure the highest levels of integration and integrity! Today we tackle depreciation and amortization, and we discuss fixed assets. Email and order approval rules are established for use throughout the system. Purchase orders and payables can be saved in a Pending state and later completed and released. Save time when entering new inventory items by copying the settings from another item. An alphanumeric chart of accounts up to 24 characters wide and six user defined segments is used. Rates can be updated as often as once per day and are continuously tracked by date. 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. 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. Start an internal requisition order with a list of items to be purchased and send that request to the purchasing department. Voiding a check allows a payable to be reopened just as if the payment had never been made. Any unpaid expense incurred by a business. In addition, ALERE requires little support once installed and implemented. A Data Dictionary lists and details all tables and reports to assist with modifications to the software. ALORE - Assets, Liabilities, Owners Equity, Revenue and Expenses The accounting equation relates to the two main Accounting statements that we in Year 11 Accounting are studying in Semester 1. Sales and purchase documents will then automatically default to that currency when used with those customers or suppliers. A history of rate changes is kept and provides an overview of how those rates change over time. Received and released as a payable in one step. A convenient Config button allows configurations to be changed even after they have been entered. Active/inactive dates can be used for temporary taxes.Combine tax rates into tax districts to handle a wide variety of sales tax situations. the release of ALERE Accounting v7.0 as the latest addition to the ALERE Business. Different Remit To, PO To, Ship To, and Refer To combinations. 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. Shipped multiple times and summarized on one invoice, Establish special prices for a customer, groups of customers or all customers, Establish special prices for an item, groups of items, all items, product classes, or miscellaneous codes, Establish special prices for a specific location or all locations, Use six tiers of discounts based on the quantity purchased or the extended price, Calculate each tier based on a discount %, a flat discount amount, a unit price, a flat cost markup amount, a cost markup %, a gross margin, or % of standard price, Allow you to mix and match any of the above rules, Allow whole order discounts to be applied to orders over and above the discounts on individual line items, The reconstruction of past data based on an, Ordering by customer, sales person or amount due, Use either Open Order or Balance Forward methods, Be run for any range of dates to facilitate monthly, quarterly or other statement periods, Support up to four user-definable intervals, Be printed for zero balances, outstanding balances, or past due balances. A GL Item Group permits each item to have a set of predefined GL accounts that are used when processing the item. The time during which prior period postings can be accepted before a password is required can be set from 0 to 999 days. Offset AR invoices, credit memos, debit memos, and AP invoices. Prospects may have any number of quotes submitted, with both prospects and quotes easily converted to company status when purchases are confirmed. Commission periods can be defined by each sales representative. Liabilities (current and long-term) definition:A company's debts or financial obligations incurred during business operations. Real Time Processing Activities, such as GL journal entries and inventory transactions, take place in real time. Auto complete orders or hold them open for further work. Item numbers are fifteen spaces wide and alphanumeric. Each company can have a user-defined status such as Dealer, Customer, etc. 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. Custom general ledger accounts act as rules for establishing which GL accounts to use for a transaction. Return on investment (ROI) definition:A measure used to evaluate the financial performance relative to the amount of money that was invested. What platform does ALERE use? Rasmussen University is accredited by the Higher Learning Commission and is authorized to operate as a postsecondary educational institution by the Illinois Board of Higher Education. Lots that fail may not be shipped. Each document contains a complete history of its life accompanied by all the associated general ledger postings that were generated. All GL transactions are posted in real time to the general ledger. Check out these basicaccountingdefinitions and start to commit them to memory. Accounting (ACCG) definition:A systematic way of recording and reporting financial transactions for a business or organization. A formula based manufacturing application developed and implemented by BatchMaster Software. New search features Acronym Blog Free tools " 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. A GL journal entry is completely accomplished using only one screen. 08.22.2022, Jordan Jantz | He is involved in the review of investment valuations and key assumptions used for budgeting and forecasting. Receive purchases from a supplier location that is different from the Remit To address. Asset class definition:An asset class is a group of securities that behaves similarly in the marketplace. An investor, whether an individual, company, municipality or government, loans money to an entity with the promise of receiving their money back plus interest. For example, enter a customers PO number and click on Order by Customer PO to find the matching sales order. Serial numbers, lot numbers and traits are supported. Filters allow the list of orders to be narrowed and the list of orders may be sorted by value or customer. Activities like processing a prepayment or handling a return are done quickly, logically and with a minimum number of steps. Credit means to put an entry on the right side of the account. The General Ledger Module is responsible for all activities related to managing the general ledger. Web developers capitalize on the Mobility module by using it to both publish and store updated ALERE data in the Cloud. A - Assets. Quickly and accurately scan items for sales orders, for shipping and receiving inventory, for doing physical inventory counts, and for time and attendance! You can create and execute email and direct mail campaigns with it. Best of all, the cost is based on the number of modules purchased - not the number of users! E - Equity. ALERE jumped right in and customized what was needed to assure those needs were met. New items added to inventory can optionally be established for one or for all locations. ALERE is designed, first and foremost, with the user in mind. Diversification definition:The process of allocating or spreading capital investments into varied assets to avoid over-exposure to risk. 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 Inventory - INV: Lots may be assigned an inspection status of Uninspected, Passed, or Failed. 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. Set up temporary password privileges that expire on a specific date. Copy and restart voided orders. The Activity tab, The Configuration Module is responsible for defining the product features and options that can be selected when entering orders for customers. Assign Need By dates to line items for shipping and material planning. Alere Accounting Software Alere ERP Accounting Modules Manager ERP software is, by its nature, a large and complex program with many moving parts. PO receipts may be reversed on a line-by-line basis. Banking activities, including bank reconciliations, are controlled and monitored. A Refer To option on the sales order supports a third party. Since dependency, where one decisions leads to subsequent choices, can be multiple levels deep, even the most complex products are completely supported. Currency codes may be assigned by location if customers and suppliers have more than one location. The key features are. The documents that can be processed using a foreign currency include sales orders, invoices, purchase orders, and payables. Individual companies can be customers, suppliers, or both. Payments can be accepted or made in either the foreign currency or the base currency. Reopen closed periods or fiscal years. PDF Reports - Every report in ALERE can be turned into a PDF file to make it easy to share and add email. Scrub typhus, caused by Orientia tsutsugamushi, is an important and neglected vector-borne zoonotic disease with an expanding known distribution. ERP software is, by its nature, a large and complex program with many moving parts. One screen handles the approval of payables for payment and the printing of checks. In 2001, ALERE Accounting was introduced. 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. 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 . Making and receiving payments using a foreign currency is supported. The key features are. Calendar terms are established by defining dates based on a calendar. There is no obligation to enroll.This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Menu Search. In addition, TIW Development will provide fixed price quotes for companies that would prefer that the Factory perform the modification work. Link/Page Citation A non-stock item file is available for companies that do not carry inventory but require item numbers for billing. Send sales invoices to a different location from where the order was shipped. While the Dynamic type conversion frequently requires expert intervention, it nevertheless can handle 80% or better of the upgrade. 07.11.2022, Carrie Mesrobian | Yes. It seems every industry has its own secret language. 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. Following these rules is especially critical for all publicly traded companies. Handle items shipped from stock, drop shipped items, returns, and credits on one sales order. MDI improves work flow by allowing you to: Advanced Browser - Browsers help find a specific record or piece of information. Similar configurations from previous or current sales orders can be located, copied into an order and edited. Features and options for an item are chosen as it is being entered on the order. Pricing rules can be set up using only one screen that will. Orders may be locked at the order level or the individual line level to prevent further processing while still allowing changes to be made. 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. Acronym Definition; ALORE: Asset, Liability, Owner's Equity, Revenue, Expense (general ledger accounting) ALERE Accounting contains the features you need to grow your business. Any number of currencies can be defined and all transactions are recorded in relationship to the base currency. Handle mass shipping of sales orders, transfer orders and purchase returns in any combination. The ALERE accounting acronym is Assets, Liabilities, Equity, Revenue, and Expenses. Financial information can be exported to F9 Financial Reporter for further analysis or for budgeting purposes. We have been using ALERE for over 3 years and have been extremely satisfied with our software choice., It was hard to find a package like TIW. Everything from keeping track of complex inventories, processing customer orders and managing payables, to providing sophisticated general ledger financial controls. Selecting from the list enters the choice. Insolvency definition:A state where an individual or organization can no longer meet financial obligations with lender(s) when their debts come due. FOR IMMEDIATE RELEASE2017-178. 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. TIW has been a valued partner over the past 15 years and the ALERE product has been an integral part of our business success. Product configurations can be predefined and assigned finished good item numbers. australian bulldog for sale nsw,

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