alere accounting acronym

Assign unique stocking units of measure for each item. 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. During the receiving process, item numbers may be optionally displayed as either your item number or the suppliers item number. Their annual software maintenance is one . Also, some credits increase and some decrease. The Executive Advisor provides a real time summary of a companys performance. Override terms from suppliers. Web developers capitalize on the Mobility module by using it to both publish and store updated ALERE data in the Cloud. Stored notes can be added to the email besides being able to enter personalized messages. Each line item has a Line note which is printed on order reports that the customer receives. Individual retirement account (IRA) definition:IRAs are savings vehicles for retirement. So, here are the definitions for debits and credits: Debit means to put an entry on the left side of the account. Assign a GL Group to each line item that contains the GL accounts to use. Choose to ship an item from inventory or have it drop shipped. For companies using ALERE Manufacturing, kits and their components are included in the MRP (materials requirements planning) process. The Bank Reconciliation screen provides a checkbook register-like listing of all transactions that affect the checking accounts. They then become locked until a new set of rates is added. The key features are. The DEALER Method: The Hack to Make Sure You Never Forget. 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. Each line on a requisition can be released to a different supplier as a separate order. ALERE was first released in 1990 as a manufacturing package. Net terms set the due date based on the number of days after an invoice date. Handle mass shipping of sales orders, transfer orders and purchase returns in any combination. Journal entries will. Mass key changes can be processed by importing an Excel spreadsheet. Track inventory that is in transit with a dedicated default account.Monitor customer and supplier prepayments using separate default accounts. Entering a finished good item number will automatically fill in the configuration choices that are associated with that finished good. Individual rules can be crafted while still allowing for manual adjustments to the commission amount, bonuses and advances. Convert a net negative order to a debit memo. Reopen closed periods or fiscal years. 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. Screen and report modification tools are built in and are a standard part of the package. Orders can be shipped and not invoiced or shipped and invoiced. Cost of goods sold (COGS) definition:The direct expenses related to producing the goods sold by a business. The SOC will determine the correct finished good item number to use based on the configuration that was entered. The initial and ongoing costs for ALERE are surprising affordable and well within the budget for even small operations. Fetch can be used even if you are in the middle of doing something else. 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. A Get button helps find specific entries based on the journal ID, a reference key or the description of the entry. The key features are. Fill out the form to receive information about: There are some errors in the form. Five users come with ALERE and may be expanded in increments of five. Companies choose ALERE with the confidence of TIW's more than thirty-five-year track record and a proven reputation for integrity and service excellence in the marketplace. TIW can provide teams to handle an implementation on a fixed cost basis for companies that so desire. There are six different ways of formatting the configuration information on a printed order as. Menu Search. An owners equity is typically explained in terms of the percentage of stock a person has ownership interest in the company. Optional order version control for all orders. What platform does ALERE use? A GL Posting tab on each order displays the GL postings generated by an order. A - Assets. The choice of a Mens bike provides the second level choices - Mountain or Street. Why Choose Accounting? 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. View GL postings made by the bank transactions as they occur. New search features Acronym Blog Free tools "AcronymFinder.com. The cornerstone of ALERE is its broad range and depth of accounting features that make it extremely appealing to a wide variety of businesses. Return orders provide an easy way to ship items back to a supplier by producing pick tickets and tracking. 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. I value the development tools and the ability to customize reports, menus, screens and code. Currencies are easily added as a code definition and are then immediately available to be assigned buy and sell rates. Different Remit To, PO To, Ship To, and Refer To combinations. 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. Inventory can be stored at location, store and bin with extensive lot, serial, and trait traceability as needed for each item. 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. Accounting (ACCG) definition: A systematic way of recording and reporting financial transactions for a business or organization. Purchase orders and payables can be saved in a Pending state and later completed and released. In ALERE the Manager module provides a central location for information and services that are used throughout the system. Order date verification checks for an acceptable range of dates within which an order can be accepted. Search for Abbreviations containing the term alere; The choices for configurations can optionally include prices, available quantities and locations. The configurations for items are created and maintained on one single screen using Treevision. Global codes, such as units of measure and product classes, are maintained in one location. For example, a contractor that must be present to accept delivery. The number of periods in the future that can accept journal entries can be set from 0 to 99. Received without being released as a payable. MDI (Multiple Document Interface) --MDI allows multiple screens and modules to be open at the same time. Get started with a list of general abbreviations for accounting. More info, By Callie Malvik Assign Item Types to allow items to be categorized by function, such as SHIP for shipping or FIN for finance charges. Reopen closed sales orders and add line items or ship additional quantities. Over shipping missing kit components is optional. 3. This can shield business owners from losing their entire life savings if, for example, someone were to sue the company. Print bank deposit slips. Copy and restart voided orders. SIC codes are assigned to companies from a built in table. Liabilities (current and long-term) definition:A company's debts or financial obligations incurred during business operations. Email - Key Sales and Purchase screens can automatically convert the order into a PDF file and send it via email. Assign Need By dates to line items for shipping and material planning. Today we tackle depreciation and amortization, and we discuss fixed assets. Return orders place the items on order in inventory and can be shown separately when doing mass receiving. The Configuration Module has built in support for kitting, making it native to the accounting system. 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. Offset a receivable against a payable. Handle non-stock material three ways. Phone: 610-258-5161. Groups of rules can be defined and assigned to individual companies to manage the process. The actual cost of a lot can be recorded upon receipt and at the time of issue that cost will be used. 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. Mass receive purchase orders, transfer orders and sales returns. Up to 99 periods in a fiscal year are supported with starting and ending dates for each period. Talk with an admissions advisor today. View anticipated inventory movement on the Future Activity screen with drill down to the documents that will generate the activity. This acronym has helped many people master accounting and ace their exams. Fixed commissions can be generated based on the achievement of sales goal such as revenue, margin, or quantity of items sold. Offset AR invoices, credit memos, debit memos, and AP invoices. Assign each order type (sales orders, invoices, purchase order, return orders, etc.) Convert net negative orders directly to credit memos. 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. Orders without activity may be voided. This results in faster, cleaner order entry with improved customer satisfaction. The full range of sales, receivables, purchases, payables, inventory and general ledger is exquisitely incorporated. 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. Publish and maintain information in the Cloud for apps on smart phones and to support your company's Enterprise Content Management objectives. ALERE stands for Assets, Liabilities, Equity, Revenue, and Expenses. Customer numbers can be used to enter line items on orders. ALERE does this by placing an emphasis on the details that make day-to-day activities run smoothly. Bills of material that can be configured are displayed when ALERE Accounting is linked with ALERE Manufacturing. Accept sales order prepayments, non-invoice receipts and customer on account payments. Each line item has a Receive note for internal documentation which prints on the receiving ticket. FOR IMMEDIATE RELEASE2017-178. Then take a moment to look at our tablet-based Service App. A lot can be assigned an expiration date. An investor, whether an individual, company, municipality or government, loans money to an entity with the promise of receiving their money back plus interest. Payment terms for customers may be overridden. Void orders without activity. Save orders in an incomplete or Pending state without releasing them for processing. 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. The implementation team was very responsive to our needs and provided us with software customizations and customized reports. Review inventory movement on the Log of Activity screen with drill down to the source documents. Rates can be updated as often as once per day and are continuously tracked by date. 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 means: Modifiability The state-of-the-art architecture of ALERE is SQL compliant, uses object oriented programming (OOP), and is table driven. For example, creating a list of all transactions that were paid to a utility company. Working capital is calculated by taking your current assets subtracted from current liabilitiesbasically the money or assets an organization can put to work. ALERE . What makes ALERE different? A formula based manufacturing application developed and implemented by BatchMaster Software. Reviewed 3 years ago. Simple and advanced budgeting, using Excel spreadsheets, is supported. Warranty, testing activities, and recurring work under service plans are all supported. 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. And they are extremely responsive.. The cornerstone of ALERE is its broad range and depth of accounting features that make it extremely appealing to a wide variety of businesses. Assign expiration dates to orders. 7. 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. All Rights Reserved. Password protection privileges include No Access, Password, Unlimited, and Read Only. Enjoy two-way links with Outlook or independently manage standalone appointments and tasks. Scrub typhus, caused by Orientia tsutsugamushi, is an important and neglected vector-borne zoonotic disease with an expanding known distribution. Each line item has a Pick note which is printed on the Pick List report. Generally accepted accounting principles (GAAP) definition:A set ofrules and guidelinesdeveloped by the accounting industry for companies to follow when reporting financial data. Since dependency, where one decisions leads to subsequent choices, can be multiple levels deep, even the most complex products are completely supported. Optionally hide the costs of line items during order entry. Each row corresponds to a record in the table. Key changes, with the ability to merge information, can be made for company IDs, company location IDs, item numbers, payment terms, and product classes. 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 program you have selected is not available in your ZIP code. Each line item has a Need By date for receiving and material planning. Net income is calculated by subtracting total expenses from total revenues. View a list of all users logged in on one screen. 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. HIV positive patients with D4 count 350 cells/mm3 (according to the Alere PIMA D4 point of care system) 2. For example- An order for a bike may have two top level choices - Mens or Womens. ALERE Accounting contains the features you need to grow your business. An unlimited number of individual companies are supported. A schedule of payment dates may be defined. Released as a payable without being received. A Refer To option on the sales order supports a third party. An Activity tab on each order permits all related activity to be viewed with drill down. Extensive reporting includes As of reports and a custom financial report generator. 07/20/2020. Make sure your answer has: There is an error in phone number. A Period/Year Closing screen summarizes the status of each period and year at a glance and. This is combined with setting baseline amounts, goals, and cap amounts. The Configuration Module reports support data mining. Best of all, the cost is based on the number of modules purchased - not the number of users! Facts for following examples: Asset cost of $85,000, salvage value of $10,000, an. Quickly and accurately scan items for sales orders, for shipping and receiving inventory, for doing physical inventory counts, and for time and attendance! Kits and their components are automatically issued from inventory when the order is shipped. ALERE is at home on either LAN or SQL. 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 over a period of time. Typically, we have financial statements completed by 10:00 AM on the 1st for the previous month. Assign a Release Group ID to recurring orders that allows those orders to be mass released as a group. PROS Reconcile internal system balances by module or by function. In the beginning, when we were searching for a name for our accounting system, one of the suggestions was an acronym. Support for voiding checks includes the ability to. Sales order configuration is integrated into the order entry process. The key features are. Limited liability company (LLC) definition:An LLC is a corporate structure where members cannot be held accountable for the companys debts or liabilities. 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. Serial numbers, lot numbers and traits are supported. The key features are. The journal entry screen has forward and backward buttons to page through transactions. Auto reversing transactions allow the user to select the date/period that the reversing entry will occur. Selecting from the list enters the choice. Mark items as any mix of purchased, manufactured, component, sellable, stocking, drop shipped, and taxable. Add shipping charges as orders are shipped. A sales graph for the Executive Advisor displays key sales information for a range of dates in a variety of 2D or 3D formats with a resolution of days, weeks or months. To date, thousands of companies of all sizes, including some of the largest in the world, have made the decision to use ALERE. TIW is entering its thirty-fifth year. Account distribution templates speed journal entries by predefining the list of accounts to be used and how the amounts are to be applied: When percentages are used on the account distribution templates, only the total amount needs to be entered for the entire journal entry to be created. Most importantly, customizations can be easily brought forward to new releases. Received but unbilled purchase orders can be closed with the Done button. A GL Group, which contains the GL accounts to use, can be assigned to each line item. Optional order version control for all orders. 2023 Rasmussen College, LLC. Real Time Processing Activities, such as GL journal entries and inventory transactions, take place in real time. Any number of currencies can be defined and all transactions are recorded in relationship to the base currency. Phone Number (124) 456-9000. From inventory receipts, to manufacturing transactions, to shipments and invoicing - we know right up to the minute what has occurred. Your presence in the cloud may consist of a web site, catalogs, and perhaps an online store. Enrolled agent (EA) definition:A tax professional who represents taxpayers in matters where they are dealing with the Internal Revenue Service (IRS). A history of rate changes is kept and provides an overview of how those rates change over time. ALERE Manufacturing is designed for use by small and midsize manufacturers operating in a range of industries. Load predefined comments and place them on orders. Concepts Accounting Single Point Entry Enter a company into ALERE and never have to enter the same information again. The owners of the stock are known as shareholders. 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. Orders may be locked at the order level or the individual line level to prevent further processing while still allowing changes to be made. For additional information about Licensing and State Authorization, and State Contact Information for Student Complaints, please see those sections of our catalog. Make sure your answer has only 5 digits. It has since been updated. Specify the location to ship from by line item. We decided that ALERE Accounting and ALERE Manufacturing were the best fit for us. 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. Customer and supplier part numbers can be used interchangeably, smoothing the order and purchasing processes. 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. 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. Track issues, shipments, receipts, and adjustments on the Activity tab. Send sales invoices to a different location from where the order was shipped. Customers and suppliers may be assigned currency codes. Email: info@tiwcorp.com Drill up from journal entries to the originating document. Both the A/R Receivables and A/P Payables reports have options to be run for specific currencies. While the Dynamic type conversion frequently requires expert intervention, it nevertheless can handle 80% or better of the upgrade. Bonds and coupons (B&C) definition:A bond is a form of debt investment and is considered afixed income security. By selecting "Submit," I authorize Rasmussen University to contact me by email, phone or text message at the number provided. Apply debit memos and prepayments to payables as they are approved for payment. Recording notes, scheduling appointments and adding tasks are all handled by InTouch. Colorful 2D or 3D charts show trends in rate changes in days, weeks, months or years. ALERE finance and accounting software includes: Customer invoicing Accounts receivable Alere inventory Accounts payable Real-time general ledger Financial reporting Analytics Business intelligence Current liabilities (CL) are those debts that are payable within a year, such as a debt to suppliers. Use InTouch to write quotes for prospects and smoothly turn them into orders. ERP software to support your company's growthAccounting - CRM - Manufacturing - Service - Mobility - Analytics - Document Management - Data Acquisition. There is a Developer's Kit for modifications. Line items on purchase orders may be partially or wholly received. A Data Gateway provides central access to any designated browser. See shipments, returns, payments, and refunds. The results can be displayed in colorful 3-D charts and may be exported to Microsoft Excel, Word, HTML, or even sent to the clipboard for use.Details & Features (512kb), Ruleset creation and combination capabilities of the Commissions module are extensive, and approached from a sales representative-centric perspective. 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. Yes. The AR/Cash Receipts function includes support for cash, checks, direct deposit, account offsets, and prepayments. The Activity tab, The Configuration Module is responsible for defining the product features and options that can be selected when entering orders for customers. Kitting in ALERE far exceeds what is commonly considered standard kitting capabilities. In ALERE the Manager module provides a central location for information and services that are used throughout the system. Across the board, for the level of ERP we were looking for, they almost all offered similar functionlaity but it was Aleres adaptability that had us move forward with them. Active currency rates may be changed until such time as they are used. 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. Define separate GL accounts to support finance charges and late fees. PBC. One single screen handles all default general ledger accounts which greatly simplifies the management of these accounts. the release of ALERE Accounting v7.0 as the latest addition to the ALERE Business. Accounting and Auditing: What's the Difference? Multiple quotes can be created to send to various suppliers for pricing information. 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.

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