alere accounting acronym

This website uses cookies to ensure you get the best experience. Long-term liabilities (LTL) are typically payable over a period of time greater than one year. Traits are user defined. Each company location can be assigned a default currency to use. 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. Rules can be created that will filter certain financial reports based on individual GL accounts and/or account ranges. The support I get from TIW - I don't even have another company I can compare it to in any field. View GL postings made by the bank transactions as they occur. More info, By Callie Malvik Scrub typhus, caused by Orientia tsutsugamushi, is an important and neglected vector-borne zoonotic disease with an expanding known distribution. A detailed note can be added to each journal entry to allow for better documentation. Just as an order can be configured with features and options, so can a kit. Equity or Owner's Equity - E: The value left for a business after removing all of the liabilities. Compound finance charges when they are generated. Publish and maintain information in the Cloud for apps on smart phones and to support your company's Enterprise Content Management objectives. For additional information about Licensing and State Authorization, and State Contact Information for Student Complaints, please see those sections of our catalog. Filters allow the list of orders to be narrowed and the list of orders may be sorted by value or customer. Working capital is calculated by taking your current assets subtracted from current liabilitiesbasically the money or assets an organization can put to work. ABBREVIATIONS; ANAGRAMS; BIOGRAPHIES; CALCULATORS; CONVERSIONS; DEFINITIONS; GRAMMAR; LITERATURE; . Item numbers are fifteen spaces wide and alphanumeric. Value Added Tax (VAT) is integrated into the tax tables. The key features are. Assign expiration dates to orders. Their annual software maintenance is one . Fetch is independent of the program modules, so it can be left open on the screen for immediate access. EDITORS NOTE: This article was originally published in February, 2013. Apply credit memos to invoices or auto convert them to a payable. Quotes are issued, turned into sales orders, released as invoices, and payments received and posted, all from one central screen. Real Time Processing Activities, such as GL journal entries and inventory transactions, take place in real time. The tab displays information related to the record that is open. Change purchase order line item unit costs right up to their release. Insolvency definition:A state where an individual or organization can no longer meet financial obligations with lender(s) when their debts come due. The full range of sales, receivables, purchases, payables, inventory and general ledger is exquisitely incorporated. Produce consolidated Income and Balance Sheet reports for any combination of companies on demand. Fixed commissions can be generated based on the achievement of sales goal such as revenue, margin, or quantity of items sold. Best of all, the cost is based on the number of modules purchased - not the number of users! 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. Create and maintain a chart of accounts using Treevision", an Explorerlike graphical interface. The product has matured over the years and Development has kept pace with the changing and growing needs of our business. The parts of ALERE software that we like most are: the traceability between transactions, product costing and the ability to integrate ALERE with other software we use. on the screens. Reopen closed purchase orders and add line items or receive additional quantities. Assign each order type (sales orders, invoices, purchase order, return orders, etc.) Any number of currencies can be defined and all transactions are recorded in relationship to the base currency. ALERE Accounting contains the features you need to grow your business. Return orders provide an easy way to ship items back to a supplier by producing pick tickets and tracking. 08.22.2022, Jordan Jantz | Individual GL accounts can be marked inactive to prevent journal entries being made against them. Associate two images in BMP, GIF, JPG or ICO formats to each item. Create separate invoices and statements for finance charges and late fees. 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. R - Revenue. Are there SBT Pro and VisionPoint Conversions. Specifically allocate lot, trait and serial numbered items. General ledger transactions and financial reports are done in the base currency. PO receipts may be reversed on a line-by-line basis. 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. 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. Individual companies can be customers, suppliers, or both. Any grids, lists, notes fields or pictures on the screen are automatically sized with the screen. One single screen handles all default general ledger accounts which greatly simplifies the management of these accounts. 8. When using thedouble-entry accounting methodthere will be two recorded entries for every transaction: A credit and a debit. a unique order number sequence. Email, view or print orders. Cash flow (CF) definition:The revenue or expense expected to be generated through business activities (sales, manufacturing, etc.) ALORE is defined as Asset, Liability, Owner's Equity, Revenue, Expense (general ledger accounting) very rarely. ALERE manages this data through archiving, which is a fundamentally different process than backing up data. Handle mass shipping of sales orders, transfer orders and purchase returns in any combination. Colorful 2D or 3D charts show trends in rate changes in days, weeks, months or years. In 2001, ALERE Accounting was introduced. 10.31.2022, Jordan Jantz | The burden and costs associated with period closings are eliminated since ALERE operates in real-time, making closings automatic. It has since been updated. Our website provides a free download of ALERE Accounting 7.0. Each item can have a default configuration, containing the most common choices from which to start when the item is first entered. Set up temporary password privileges that expire on a specific date. Mass invoicing allows multiple sales orders to be shipped and invoiced from one screen. A requisition can be submitted, turned into a purchase order, released as a payable when received, and finally, paid. Kalie Debelak | Multiple levels of user-defined filters may be used to refine the data. 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 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. All Rights Reserved. Net income is calculated by subtracting total expenses from total revenues. FOR IMMEDIATE RELEASE2017-178. To help you get started, we compiled an assortment of basic financial terms and acronyms and created this simple accounting glossary for beginners. You as a customer get value. 2023 Rasmussen College, LLC. 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. Assign Need By dates to line items for shipping and material planning. There is support for a multi-tier split commission structure which permits manager commissions to be based on the sales of subordinates. One screen handles the approval of payables for payment and the printing of checks. 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. Mark items as any mix of purchased, manufactured, component, sellable, stocking, drop shipped, and taxable. Reopen closed periods or fiscal years. Generally accepted accounting principles (GAAP) definition:A set ofrules and guidelinesdeveloped by the accounting industry for companies to follow when reporting financial data. Each line item has a Receive note for internal documentation which prints on the receiving ticket. The length of item numbers may be readily changed. Acronym Definition; ALORE: Asset, Liability, Owner's Equity, Revenue, Expense (general ledger accounting) ALERE Accounting contains the features you need to grow your business. The program you have selected requires a nursing license. Diversification definition:The process of allocating or spreading capital investments into varied assets to avoid over-exposure to risk. Dated Income Statements can be run for any range of dates, which permits daily, weekly, quarterly, semiannual and multi-year statements to be produced. Assign a Release Group ID to recurring orders that allows those orders to be mass released as a group. on She is passionate about creating quality resources that empower others to improve their lives through education. Handle non-stock material three ways. 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. Mass record drop shipments reported by suppliers on one screen designed to handle complete or partial shipments. A returned check reopens an invoice just as if the payments had never been received. It's time to roll up those sleeves and start building your accounting vocabulary. For example, the demand for certain features or options which are on those orders. ALERE is ERP software designed to manage a company's financial, CRM, Manufacturing, Service, and Data Acquisition requirements. Please select another program or contact an Admissions Advisor (877.530.9600) for help. 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. Most importantly, customizations can be easily brought forward to new releases. 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. Optionally hide the costs of line items during order entry. Payment terms, tax tables and units of measure conversions are also maintained. Search for Abbreviations containing the term alere; Net income (NI) definition:A company's total earnings, also called net profit. Even stock inquiries, printing labels, and increasing or decreasing inventory becomes a snap! Mark individual line items on a purchase order as a Purchase, Return or Credit. The Manager Module provides support for housekeeping, password protection, modifications, and common processes and information that is shared among the modules. Key changes, with the ability to merge information, can be made for company IDs, company location IDs, item numbers, payment terms, and product classes. Custom general ledger account rules can be tested on a special Inquiry Tab. Learn more about the road ahead in our article, Your Step-by-Step Guide on How to Become an Accountant. Automatically generate finance charges and late fees. Email: info@tiwcorp.com Cash orders produce instant invoices and receipt of payment. That means that Technical Support and new versions are included. Printer friendly. Everything from keeping track of complex inventories, processing customer orders and managing payables, to providing sophisticated general ledger financial controls. 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. Sales and purchase documents will then automatically default to that currency when used with those customers or suppliers. The key features are. Reversing entries are controlled manually and the postings can be edited before they are released. 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. Sales documents can be saved in pending status for later release, saving hours of re-entry time and making the entire sales process more efficient and flexible. Reconcile internal system balances by module or by function. They then become locked until a new set of rates is added. ALERE Manufacturing is designed for use by small and midsize manufacturers operating in a range of industries. Credit (CR) definition:An accounting entry that may eitherdecreaseassets orincreaseliabilities and equity on the company's balance sheet, depending on the transaction. Rasmussen University is not regulated by the Texas Workforce Commission. This permits returns and credits to be handled within one order. 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. All done in real-time. By selecting "Submit," I authorize Rasmussen University to contact me by email, phone or text message at the number provided. Please visit www.rasmussen.edu/degrees for a list of programs offered. 10 - Depreciation, Amortization, & Fixed Assets. Order date verification checks for an acceptable range of dates within which an order can be accepted. A graphical dispatch board is employed for service ticket scheduling.Supporting a field service operation? Convert net negative orders directly to credit memos. The difference in value between when an order was taken or placed and the current value based on rate changes can be displayed. Additionally, some employers choose to match the contributions made by their employees up to a certain percentage. Use InTouch to write quotes for prospects and smoothly turn them into orders. This is combined with setting baseline amounts, goals, and cap amounts. What is so appealing about their product is the MRP engine they use. A full ERP system designed by TIW Technology. Thousands of businesses have come to rely on ERP, accounting, CRM, manufacturing, data acquisition, and mobility solutions from TIW Technology. Daniel joined Alere in October 2020. Create budget templates from actual data and maintain multiple budgets for what if analysis. A library of instructional videos is embedded within the manual and readily available through the website. 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. An HTML Help manual has support down to the field level for the user. ALERE is designed, first and foremost, with the user in mind. Current liabilities (CL) are those debts that are payable within a year, such as a debt to suppliers. The mass receiving function permits orders to be received completely or partially. The documents that can be processed using a foreign currency include sales orders, invoices, purchase orders, and payables. The coupon is the annual interest rate paid on a bond. Track inventory that is in transit with a dedicated default account.Monitor customer and supplier prepayments using separate default accounts. Matching memo fields for each image are available for long descriptions. Email: info@tiwcorp.com Set up tax districts by company location. 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. This results in faster, cleaner order entry with improved customer satisfaction. Auto complete orders when they are completely shipped and invoiced or hold them open for further work. View a list of all users logged in on one screen. ERP software to support your company's growthAccounting - CRM - Manufacturing - Service - Mobility - Analytics - Document Management - Data Acquisition. Apply debit memos and prepayments to payables as they are approved for payment. Set up locator rules to do searches like finding the nearest stores to a customer. Fetch can be used even if you are in the middle of doing something else. The Multi-Currency Module allows companies that do business outside their countrys borders a way to take and place orders in currencies other than their own. Items on a purchase order can be received and the order considered complete if the quantity falls within an overage/shortage range. Assign expiration dates to orders. Debits and credits mean "left and right". Orders may be locked at the order level or the individual line level to prevent further processing while still allowing changes to be made. 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. Each line item has a Line note which is printed on the purchase order that the supplier receives. 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. 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. Override terms from suppliers. 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. Check out these basicaccountingdefinitions and start to commit them to memory. The SOC will recalculate the price and cost based on the features and options chosen each time the Save button is selected. Create single purpose apps with online links with laptops and tablets. Your presence in the cloud may consist of a web site, catalogs, and perhaps an online store. Each purchase document contains a complete history of its life accompanied by all the associated general ledger postings that were generated. Please select another program or contact an Admissions Advisor (877.530.9600) for help. Kitting in ALERE far exceeds what is commonly considered standard kitting capabilities. Components are allocated in real-time when the order for the kit is saved. ALERE is at home on either LAN or SQL. Because of theconfusing credentials, differentaccounting mythsand these industry terms, its not uncommon for people to think working in accounting is inaccessible when really it just has its own unique language. The Sales module can also secure an order, accept returned items, and provide credit all from within one document. Orders without activity may be voided. Up to 99 periods in a fiscal year are supported with starting and ending dates for each period. Income Statements and Balance Sheets can be run for any period of any year. Define separate GL accounts to support finance charges and late fees. Aged receivables and aged payables statements are available in a company's base currency or in the currency in which they were created. An on-premise discrete manufacturing ERP software from FUJITSU. Each line on a requisition can be released to a different supplier as a separate order. Payment terms for customers may be overridden. The name describes the heart of accounting. ALERE stands for Assets, Liabilities, Equity, Revenue, and Expenses. Save orders in an incomplete or Pending state without releasing them for processing. Assign a GL Group to each line item that contains the GL accounts to use. 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.
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