alere accounting acronym

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. Line items on sales orders may be. Journal entries that are not ready to be released can be saved as pending entries then reviewed and released at a later time. General ledger transactions and financial reports are done in the base currency. Convert a net negative order to a debit memo. Dated Income Statement comparison report can be run for any two ranges of dates. What does alere mean? When one of the lines containing a configuration question on the SOC is selected, a list of the choices is shown along with the availability and cost for each. One screen handles the approval of payables for payment and the printing of checks. Modifications are easily ported to new releases. To date, thousands of companies of all sizes, including some of the largest in the world, have made the decision to use ALERE. Calendar terms are established by defining dates based on a calendar. 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dollars toward investments that can grow tax-deferred, meaning no capital gains or dividend income is taxed until it is withdrawn, and, in most cases, its tax deductible. The key features are. ALERE Accounting A White Paper on Key Features and Their Benefits 769 Youngs Hill Road, Easton, PA 18040-6726 Phone: 610.258.5161 Fax: 610.258.6217 www.tiwcorp.com Email and order approval rules are established for use throughout the system. Set Bill To, Ship To, Remit To, or PO To options for each company location. This includes unbalanced entries. The Analytics module then examines five key areas of this data: customers, suppliers, inventory, general ledger, and lot/serial traceability. A lot can be assigned an expiration date. A real-time log reveals all the ins and outs of inventory movement. The Purchases module increases purchasing staff efficency by handling recurring orders, batch accepting of orders, mass payments, automatic emailing notifications and orders.Details & Features (780kb), Inventory is at the heart of many companies and managing it is a strong-point of ALERE. I value the development tools and the ability to customize reports, menus, screens and code. 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. An unlimited number of individual companies are supported. 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. Massachusetts-based Alere Inc. will pay more than $13 million to settle charges that it bribed foreign officials and committed accounting fraud to meet revenue targets, the SEC said Thursday. Use InTouch to write quotes for prospects and smoothly turn them into orders. Massive batch transactions that risk network integrity and cripple multi-user speed are eliminated. Making and receiving payments using a foreign currency is supported. That alone can save a company tens of thousands of dollars each year. Each item can have a default configuration, containing the most common choices from which to start when the item is first entered. Email orders and invoices. Address Each company can have a user-defined status such as Dealer, Customer, etc. The Configuration Module reports support data mining. Diversification definition:The process of allocating or spreading capital investments into varied assets to avoid over-exposure to risk. Groups of rules can be defined and assigned to individual companies to manage the process. ALERE was first released in 1990 as a manufacturing package. ALERE does this by placing an emphasis on the details that make day-to-day activities run smoothly. Recording notes, scheduling appointments and adding tasks are all handled by InTouch. 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 Track inventory that is in transit with a dedicated default account.Monitor customer and supplier prepayments using separate default accounts. From inventory receipts, to manufacturing transactions, to shipments and invoicing - we know right up to the minute what has occurred. That way, when you start your accounting education journey, youll already feel like youre a step ahead and speaking the language. More info, By Callie Malvik All GL transactions are posted in real time to the general ledger. Assign a GL Group to each line item that contains the GL accounts to use as a Pending order with full editing rights. The term big data describes the large volume of information collected by an ERP system on a day-to-day basis. Really happy with ALERE because it is really stable, really reliable, and they are constantly upgrading the capabilities. Set up temporary password privileges that expire on a specific date. Each line item has a Line note which is printed on order reports that the customer receives. Assets (fixed and current) definition: Current assets (CA)are those that will be converted to cash within one year. Phone Number (124) 456-9000. Use smart phone apps to access customer information or create your own! Washington D.C., Sept. 28, 2017 . Set up tax districts by company location. Everything from keeping track of complex inventories, processing customer orders and managing payables, to providing sophisticated general ledger financial controls. A right-click menu makes it easy to add, edit, and delete choices and inventory items. It almost seemed like they made it for us. Asset class definition:An asset class is a group of securities that behaves similarly in the marketplace. Auto number orders or enter them manually. Convert net negative orders directly to credit memos. Matching memo fields for each image are available for long descriptions. At the same time, the kit is placed on order in inventory. A browser: Fetch Retrieval Tool Reduce the time it takes to find information with this easy-to-use tool. 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. Separate rates for selling and buying are supported to provide flexibility for your buying and selling functions. Similar configurations from previous or current sales orders can be located, copied into an order and edited. Orders may be locked to prevent further processing while still allowing changes to be made. The mass receiving function permits orders to be received completely or partially. Orders for kits that do not require features and options to be selected are taken without ever seeing the configuration screen. 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. Assign AR/cash receipts to Bank Deposit IDs where deposits can be managed and bank deposit tickets printed. Address Link/Page Citation The STANDS4 Network. Inventory - INV: Book Value - BV: In accounting abbreviations, BV represents the original value of an asset after eliminating accumulated depreciation. Any unpaid expense incurred by a business. Reconcile internal system balances by module or by function. Load predefined comments and place them on orders. Phone: 610-258-5161, Bret Rowley - IT Department Manager, JX Nippon Mining & Metals, Aaron McVanner - Information Technology Lead, Kokatat, Josh Emery - President, Emery Distributors, A Path forward for SBT/Sage Pro and VisionPoint Clients. Reversing entries are controlled manually and the postings can be edited before they are released. Entering a finished good item number will automatically fill in the configuration choices that are associated with that finished good. Pricing rules can be sequenced so as to provide unlimited pricing tiers. An HTML Help manual has support down to the field level for the user. 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. A Period/Year Closing screen summarizes the status of each period and year at a glance and. By selecting "Submit," I authorize Rasmussen University to contact me by email, phone or text message at the number provided. ALERE stands for Assets, Liabilities, Equity, Revenue, and Expenses. The actual cost of a lot can be recorded upon receipt and at the time of issue that cost will be used. This even includes building a kit on-the-fly by choosing the components from a list and entering the quantity required for each. Automatically apply sales order prepayments when matching invoices are created. An alphanumeric chart of accounts up to 24 characters wide and six user defined segments is used. Alere's publisher, TIW Corp, has provided superb customer service, both to our company as well as directly to our clients. 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. This can shield business owners from losing their entire life savings if, for example, someone were to sue the company. Publish and maintain information in the Cloud for apps on smart phones and to support your company's Enterprise Content Management objectives. It has since been updated. A history screen provides an overview of how currency buy and sell rates change over time.Details & Features (372kb), The Mobility module manages interfacing ALERE with mobile devices through the Cloud. The Sales Module is responsible for all sales functions, from entering an order, through invoicing to managing the cash receipts. Kitting in ALERE far exceeds what is commonly considered standard kitting capabilities. Payments can be accepted or made in either the foreign currency or the base currency. A GL Posting tab on each order displays the GL postings generated by an order. 6:08 pm. Email: info@tiwcorp.com A Data Dictionary lists and details all tables and reports to assist with modifications to the software. Income Statements and Balance Sheets can be run for any period of any year. Web developers capitalize on the Mobility module by using it to both publish and store updated ALERE data in the Cloud. This is combined with setting baseline amounts, goals, and cap amounts. Just as an order can be configured with features and options, so can a kit. In ALERE the Manager module provides a central location for information and services that are used throughout the system. All the features and options and how they are related can be viewed at a glance. JX Nippon Mining & Metals needed a solution that could meet the needs of our fast moving manufacturing environment. Filters allow the list of orders to be narrowed and the list of orders may be sorted by value or customer. Data for each company is kept in a separate directory and is easily moved or copied. One single screen handles all default general ledger accounts which greatly simplifies the management of these accounts. The reports can also provide information on the status of pending or unshipped orders. Make sure your answer has only 5 digits. A great deal of effort is put into making complicated processes simple and straightforward while still providing feature sets that easily rival or exceed packages costing considerably more. The key features are. Even preventative maintenance scheduling is built into the backbone of the software. Serial numbers, lot numbers and traits are supported. Assets (fixed and current) (FA, CA) Orders may be received one at a time or mass received. Product configurations can be predefined and assigned finished good item numbers. An Honest Answer. Kits and their components are automatically issued from inventory when the order is shipped. Pricing rules can be set up using only one screen that will. This saves a significant amount of time on orders with many features and options. In addition, ALERE requires little support once installed and implemented. PO receipts may be reversed on a line-by-line basis. Rules can be created that will filter certain financial reports based on individual GL accounts and/or account ranges. Aged receivables and aged payables statements are available in a company's base currency or in the currency in which they were created. Establish payment terms using net, calendar and prox terms rules. Each column is a field, function or a user-definable field in the table. 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. Over shipping missing kit components is optional. Accounting (ACCG) definition:A systematic way of recording and reporting financial transactions for a business or organization. Capital (CAP) definition:A financial asset or the value of a financial asset, such as cash or goods. Net income is calculated by subtracting total expenses from total revenues. 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 . Commission periods can be defined by each sales representative. 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. Add shipping charges as orders are shipped. Alere Accounting Software Alere ERP Accounting Modules Manager ERP software is, by its nature, a large and complex program with many moving parts. EDITORS NOTE: This article was originally published in February, 2013. Individual companies can be customers, suppliers, or both. ERP software to support your company's growthAccounting - CRM - Manufacturing - Service - Mobility - Analytics - Document Management - Data Acquisition. The DEALER Method: The Hack to Make Sure You Never Forget. Equity and owner's equity (OE) definition:In the most general sense, equity is assets minus liabilities. Rasmussen University is not enrolling students in your state at this time. E - Expenses. An investor, whether an individual, company, municipality or government, loans money to an entity with the promise of receiving their money back plus interest. This allows. Present value helps us understand how receiving $100 now is worth more than receiving $100 a year from now, as money in hand now has the ability to be invested at a higher rate of return. Use an Explorer-like interface, called Treevision to drill down to sales information and even right to the actual orders. This results in faster, cleaner order entry with improved customer satisfaction. Applications family of products. Select line items and quantities to receive when receiving partial orders. The full range of sales, receivables, purchases, payables, inventory and general ledger is exquisitely incorporated. Choose to ship an item from inventory or have it drop shipped. on the screens. This means: Dynamic Screen Sizing Screens can be resized by dragging the edges with a mouse. Assign a Release Group ID to recurring orders that allows those orders to be mass released as a group. Balance checking accounts and find errors with a practical bank reconciliation process.
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