alere accounting acronym

Apply debit memos and prepayments to payables as they are approved for payment. However, some debits increase and some debits decrease. A lot can be assigned an expiration date. All GL transactions are posted in real time to the general ledger. Alere Accounting System | Techgroup 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. Created and maintained by TIW's development team to insure the highest levels of integration and integrity! Distribute the GL effects of an inventory adjustment over a range of accounts. About - Alere This is definitely a company who understands the importance of timely responses to issues and have always gone out of their way to provide thorough resolutions. The numeric calculator will allow currency conversion calculations to be made on the fly. ABBREVIATIONS; ANAGRAMS; BIOGRAPHIES; CALCULATORS; CONVERSIONS; DEFINITIONS; GRAMMAR; LITERATURE; . 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. For example, the demand for certain features or options which are on those orders. Choose to ship an item from inventory or have it drop shipped. Login . Liabilities (current and long-term) definition:A company's debts or financial obligations incurred during business operations. 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dollars toward investments that can grow tax-deferred, meaning no capital gains or dividend income is taxed until it is withdrawn, and, in most cases, its tax deductible. ALERE is designed, first and foremost, with the user in mind. Credit means to put an entry on the right side of the account. View GL postings made by the bank transactions as they occur. FOR IMMEDIATE RELEASE2017-178. Use InTouch to write quotes for prospects and smoothly turn them into orders. Here's a simple acronym that I wish I'd known when I was an accounting beginner: D - Drawings. Assign unique stocking units of measure for each item. Current liabilities (CL) are those debts that are payable within a year, such as a debt to suppliers. Line items on purchase orders may be partially or wholly received. The key features are. Use Bank Transactions to do deposits and withdrawals, post interest and credits, record bank fees, void checks, and handle returned checks. Vendor Profile: The allure of Alere | Accounting Today An alphanumeric chart of accounts up to 24 characters wide and six user defined segments is used. Assign a GL Group to each line item that contains the GL accounts to use as a Pending order with full editing rights. SIC codes are assigned to companies from a built in table. The point is that a company can grow with ALERE and never need to move to another package. Phone Number (124) 456-9000. Simply enter what you are searching for and click the matching link on the list. When using thedouble-entry accounting methodthere will be two recorded entries for every transaction: A credit and a debit. A GL Item Group permits each item to have a set of predefined GL accounts that are used when processing the item. Lots may be assigned an inspection status of Uninspected, Passed, or Failed. Information and translations of alere in the most comprehensive dictionary definitions resource on the web. Applications family of products. Fixed commissions can be generated based on the achievement of sales goal such as revenue, margin, or quantity of items sold. Concepts Accounting Single Point Entry Enter a company into ALERE and never have to enter the same information again. Long-term liabilities (LTL) are typically payable over a period of time greater than one year. Monily - Top 100 Accounting Abbreviations & Acronyms You Should Know Load predefined comments from a file and place them on orders. Journal entries will. General ledger (GL) definition:A complete record of the financial transactions over the life of a company. ERP software is, by its nature, a large and complex program with many moving parts. Link/Page Citation Voiding a check allows a payable to be reopened just as if the payment had never been made. Transfer orders will: Make inventory adjustments for single items or for mass changes. Use payment terms to control which customers receive statements. For example, a contractor that must be present to accept delivery. Assign individual GL account numbers to each tax rate. ALERE Accounting contains the features you need to grow your business. 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 . 2023 Rasmussen College, LLC. Data for each company is kept in a separate directory and is easily moved or copied. Payment terms for customers may be overridden. A full ERP system designed by TIW Technology. Quotes are issued, turned into sales orders, released as invoices, and payments received and posted, all from one central screen. Offset AR invoices, credit memos, debit memos, and AP invoices. ALERE is at home on either LAN or SQL. 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 A GL Posting tab on each order displays in real time the general ledger postings generated by the order. To help you get started, we compiled an assortment of basic financial terms and acronyms and created this simple accounting glossary for beginners. It is designed to provide management with a tool to explore their company data. The Sales module can also secure an order, accept returned items, and provide credit all from within one document. Currencies are easily added as a code definition and are then immediately available to be assigned buy and sell rates. Please select another program or contact an Admissions Advisor (877.530.9600) for help. Just as an order can be configured with features and options, so can a kit. 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). Override terms from suppliers. 769 Youngs Hill RoadEaston, PA 18040, Contacts Email orders and invoices. Quickly and accurately scan items for sales orders, for shipping and receiving inventory, for doing physical inventory counts, and for time and attendance! Net income (NI) definition:A company's total earnings, also called net profit. 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. 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. Medical Manufacturer Settles Accounting Fraud Charges ALERE was first released in 1990 as a manufacturing package. 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. Assign expiration dates to orders. Add shipping charges as orders are shipped. This means: Dynamic Screen Sizing Screens can be resized by dragging the edges with a mouse. on the screens. 08.22.2022, Jordan Jantz | Your presence in the cloud may consist of a web site, catalogs, and perhaps an online store. Making life even easier for modern job shop owners. ALERE ERP Software | Pricing, Features, Integration, & More | Tipalti The impact of outstanding sales orders, purchase orders, and work orders are clearly shown as part of future activity. over a period of time. PROS ALERE finance and accounting software includes: Customer invoicing Accounts receivable Alere inventory Accounts payable Real-time general ledger Financial reporting Analytics Business intelligence Over shipping missing kit components is optional. The Activity tab, The Configuration Module is responsible for defining the product features and options that can be selected when entering orders for customers. Similar configurations from previous or current sales orders can be located, copied into an order and edited. This saves a significant amount of time on orders with many features and options. There is a Developer's Kit for modifications. Income Statements and Balance Sheets can be run for any period of any year. Change selling units of measure using a conversion factor. 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. 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. Bills of material that can be configured are displayed when ALERE Accounting is linked with ALERE Manufacturing. Time and labor postings from manufacturing are audited and approved.Details & Features (856kb), ALEREs InTouch module is an integrated CRM solution, providing a whole range of benefits unavailable when CRM software is used stand-alone. Components are allocated in real-time when the order for the kit is saved. Each user can have their own unique environment created for them, such as menus, language, etc. Credit (CR) definition:An accounting entry that may eitherdecreaseassets orincreaseliabilities and equity on the company's balance sheet, depending on the transaction. 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. TIW is entering its thirty-fifth year. Software Maintenance is optional but is all inclusive. You can create and execute email and direct mail campaigns with it. Set quantities for items to a precision of three (3) decimal places. Change purchase order line item unit costs right up to their release. Journal entries are flexible and allow the addition of notes for detailed documentation. 10 - Depreciation, Amortization, & Fixed Assets. Companies may be marked active or inactive to control their use. During the receiving process, item numbers may be optionally displayed as either your item number or the suppliers item number. Capital (CAP) definition:A financial asset or the value of a financial asset, such as cash or goods. Sales order configuration is integrated into the order entry process. 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. Customers and suppliers may be assigned currency codes. The support I get from TIW - I don't even have another company I can compare it to in any field. It almost seemed like they made it for us. In addition to allowing choices to be made, variable information can be entered using a pop up numeric keypad. 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. Key financial numbers can be viewed with one mouse-click. A GL Posting tab on each order displays the GL postings generated by an order. The DEALER Method in Accounting - ToughNickel Accounts payable (AP) Accounts payable (AP) definition: The amount of money a company owes creditors (suppliers, etc.) The configurations for items are created and maintained on one single screen using Treevision.

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