This website uses cookies to ensure you get the best experience. Mass record drop shipments reported by suppliers on one screen designed to handle complete or partial shipments. 30 Basic Accounting Terms, Acronyms and Abbreviations Students Should InTouch maintains two-way links with Microsoft Outlook, providing centralized connectivity for appointments, tasks, and emails sent or recorded in either product. Inventory can be stored at location, store and bin with extensive lot, serial, and trait traceability as needed for each item. Line items on purchase orders may be partially or wholly received. Daniel joined Alere in October 2020. Credit (CR) definition:An accounting entry that may eitherdecreaseassets orincreaseliabilities and equity on the company's balance sheet, depending on the transaction. Orders can be copied and modified. The Executive Advisor provides a real time summary of a companys performance. Optional order version control for all orders. We use ALERE for everything related to accounting and order flow. TIW can provide teams to handle an implementation on a fixed cost basis for companies that so desire. Our website provides a free download of ALERE Accounting 7.0. See an example here. New search features Acronym Blog Free tools "AcronymFinder.com. A full ERP system designed by TIW Technology. Copy and restart voided orders. Specifically allocate lot, trait and serial numbered items. Separate rates for selling and buying are supported to provide flexibility for your buying and selling functions. Orders may be received one at a time or mass received. Each line item has a Receive note for internal documentation which prints on the receiving ticket. Global codes, such as units of measure and product classes, are maintained in one location. Orders may be shipped one at a time or mass shipped. TIW is entering its thirty-fifth year. This means that information on how many times a particular option was chosen, by whom and for what product is readily available. Companies appreciate how modestly priced ALERE is both to purchase and to maintain. Colorful 2D or 3D charts show trends in rate changes in days, weeks, months or years. Rates can be updated as often as once per day and are continuously tracked by date. Kalie Debelak | Convert return orders to debit memos. Set up tax districts by company location. Establish an unlimited number of tax rates for federal, state, county, city, and local sales taxes. Simple and advanced budgeting, using Excel spreadsheets, is supported. Modifications are easily ported to new releases. When a user logs in they can have, Activity Tabs Most screens that have processes in ALERE have an Activity tab. Product configurations can be predefined and assigned finished good item numbers. The difference in value between when an order was taken or placed and the current value based on rate changes can be displayed. The point is that a company can grow with ALERE and never need to move to another package. In ALERE the Manager module provides a central location for information and services that are used throughout the system. Web developers capitalize on the Mobility module by using it to both publish and store updated ALERE data in the Cloud. Handle mass shipping of sales orders, transfer orders and purchase returns in any combination. To help you get started, we compiled an assortment of basic financial terms and acronyms and created this simple accounting glossary for beginners. Orders and returns can be received and not released to payables or received and released to payables. What Is Forensic Accounting? The pricing has always been fair. Stored notes can be added to the email besides being able to enter personalized messages. ALERE . Most importantly, customizations can be easily brought forward to new releases. The burden and costs associated with period closings are eliminated since ALERE operates in real-time, making closings automatic. ALERE is ERP software designed to manage a company's financial, CRM, Manufacturing, Service, and Data Acquisition requirements. Rasmussen University does not guarantee, approve, control, or specifically endorse the information or products available on websites linked to, and is not endorsed by website owners, authors and/or organizations referenced. General ledger (GL) definition:A complete record of the financial transactions over the life of a company. Calendar terms are established by defining dates based on a calendar. Auto complete orders or hold them open for further work. Currency codes may be assigned by location if customers and suppliers have more than one location. A requisition can be submitted, turned into a purchase order, released as a payable when received, and finally, paid. 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. A lot can be assigned an expiration date. For example, the demand for certain features or options which are on those orders. The Inventory Module is responsible for all activities related to managing inventory. Companies and their relationships with your company are defined in the Manager module. This results in faster, cleaner order entry with improved customer satisfaction. Making and receiving payments using a foreign currency is supported. Send sales invoices to a different location from where the order was shipped. This means: Dynamic Screen Sizing Screens can be resized by dragging the edges with a mouse. ALORE - What does ALORE stand for? The Free Dictionary 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. A browser provides a spreadsheet-like view of a table of information. All done in real-time. Use InTouch to write quotes for prospects and smoothly turn them into orders. 769 Youngs Hill RoadEaston, PA 18040, Contacts The configurations for items are created and maintained on one single screen using Treevision. a unique order number sequence. The SOC will recalculate the price and cost based on the features and options chosen each time the Save button is selected. Each line item has a Pick note which is printed on the Pick List report. She is passionate about creating quality resources that empower others to improve their lives through education. Matching memo fields for each image are available for long descriptions. Drill down to see related documents. Check out these basicaccountingdefinitions and start to commit them to memory. Mass invoicing allows multiple sales orders to be shipped and invoiced from one screen. Long-term liabilities (LTL) are typically payable over a period of time greater than one year. About - Alere Income Statements and Balance Sheets can be run for any period of any year. Enrolled agent (EA) definition:A tax professional who represents taxpayers in matters where they are dealing with the Internal Revenue Service (IRS). Mass key changes can be processed by importing an Excel spreadsheet. Alere Accounting Software - conativetechnology.com 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. 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. Multiple drop ship items on an order for one vendor are consolidated on one purchase order. The mass receiving function permits orders to be received completely or partially. In addition, ALERE requires little support once installed and implemented. Just as an order can be configured with features and options, so can a kit. This saves a significant amount of time on orders with many features and options. Receive purchases from a supplier location that is different from the Remit To address. Individual GL accounts can be marked inactive to prevent journal entries being made against them. on the screens. Convert a net negative order to a debit memo. Simply enter what you are searching for and click the matching link on the list. 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. This also simplifies and speeds up year-end procedures. Void orders without activity. Over shipping missing kit components is optional. Offset a receivable against a payable. Facts for following examples: Asset cost of $85,000, salvage value of $10,000, an. Assign Item Types to allow items to be categorized by function, such as SHIP for shipping or FIN for finance charges. The configurations of similar finished goods can be copied to speed up the process of creating them. Debits and credits mean "left and right". JX Nippon Mining & Metals needed a solution that could meet the needs of our fast moving manufacturing environment. Credit means to put an entry on the right side of the account. 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. The implementation team was very responsive to our needs and provided us with software customizations and customized reports. I value the development tools and the ability to customize reports, menus, screens and code. To date, thousands of companies of all sizes, including some of the largest in the world, have made the decision to use ALERE. 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. Reopen closed periods or fiscal years. Reviewed 3 years ago. 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. This means: Modifiability The state-of-the-art architecture of ALERE is SQL compliant, uses object oriented programming (OOP), and is table driven. 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. Accounting 101 with Jimmy Stewart - Anchor Released as a payable without being received. Publish and maintain information in the Cloud for apps on smart phones and to support your company's Enterprise Content Management objectives. A real-time log reveals all the ins and outs of inventory movement. 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. A GL Posting tab on each order displays in real time the general ledger postings generated by the order. Reopen closed sales orders and add line items or ship additional quantities. Reconcile internal system balances by module or by function. Talk with an admissions advisor today. Track and report manufacturing processes with handheld or wedge scanners. Filter the list of orders to be received for a receiving location and a supplier. 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. Inventory - INV: Multiple quotes can be created to send to various suppliers for pricing information. There is a Developer's Kit for modifications. Auto convert return orders to credit memos when they are received. Return orders provide an easy way to ship items back to a supplier by producing pick tickets and tracking. Mark pricing rules as either Active or Inactive. Distribute the GL effects of an inventory adjustment over a range of accounts. The same process handles sales returns. 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. Menu Search. Order date verification checks for an acceptable range of dates within which an order can be accepted. FOR IMMEDIATE RELEASE2017-178. TIW has been a valued partner over the past 15 years and the ALERE product has been an integral part of our business success. The Sales Order Configurator is powered by modular and variable BOM information so that it is always accurate, up-to-date, and requires no additional effort to create or maintain.Details & Features (596kb), The Purchases module encompasses all apects of purchasing. The choices for configurations can optionally include prices, available quantities and locations. Callie is the Content Manager at Collegis Education, overseeing blog content on behalf of Rasmussen University. It has since been updated. Any Bill to/Ship to combination is supported, including manually entering a onetime shipping address for drop shipping. Payment terms for customers may be overridden. 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. 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. alere accounting acronym In the beginning, when we were searching for a name for our accounting system, one of the suggestions was an acronym. In addition to allowing choices to be made, variable information can be entered using a pop up numeric keypad. 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. Filters allow the list of orders to be narrowed and the list of orders may be sorted by value or customer. Purchase orders and payables can be saved in a Pending state and later completed and released. ALERE Pricing, Alternatives & More 2023 - Capterra Email and order approval rules are established for use throughout the system. ALERE Accounting contains the features you need to grow your business. Optionally hide the costs of line items during order entry. The General Ledger Module is responsible for all activities related to managing the general ledger. Individual pages may be easily printed; however, the total manual exceeds more than fifty thousand hyperlinked pages that defy printing in whole.