Return on investment (ROI) definition:A measure used to evaluate the financial performance relative to the amount of money that was invested. Companies and their relationships with your company are defined in the Manager module. The support I get from TIW - I don't even have another company I can compare it to in any field. 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. There is no obligation to enroll.This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Bonds and coupons (B&C) definition:A bond is a form of debt investment and is considered afixed income security. ALERE is designed, first and foremost, with the user in mind. Concepts Accounting Single Point Entry Enter a company into ALERE and never have to enter the same information again. Orders may be locked at the order level or the individual line level to prevent further processing while still allowing changes to be made. Define separate GL accounts to support finance charges and late fees. The Executive Advisor provides a real time summary of a companys performance. It provides a dynamic environment where data, not required for the daily operation of a company, is removed and added to a historical copy of the company. Each item can have up to three unique traits which allows a matrix such as style/size/color. Use a grid-based order entry screen to speed up order taking with a heads-down keyboard oriented approach. Create or edit a quote, purchase order, return order, or a recurring order from one screen. 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. A multi-module management system designed by Infotech Systems for distribution/wholesale trade and manufacturing companies. Phone: 610-258-5161. ERP software is, by its nature, a large and complex program with many moving parts. The Service product is eminently suitable for everything from industrial services, conditional inspections and reporting, through event planning, The product will handle the generation, scheduling and execution of all types of service work. 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. A browser provides a spreadsheet-like view of a table of information. 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. Why ALERE? What is ALERE? Everything to do with creating inventory items, mass shipping orders, mass receiving orders, transferring inventory, physical inventory, and adjustments to inventory is handled by this module. Received without being released as a payable. Aged receivables and aged payables statements are available in a company's base currency or in the currency in which they were created. They then become locked until a new set of rates is added. ALORE is defined as Asset, Liability, Owner's Equity, Revenue, Expense (general ledger accounting) very rarely. Lots may be assigned an inspection status of Uninspected, Passed, or Failed. Rasmussen University is not regulated by the Texas Workforce Commission. A convenient Config button allows configurations to be changed even after they have been entered. Credit (CR) definition:An accounting entry that may eitherdecreaseassets orincreaseliabilities and equity on the company's balance sheet, depending on the transaction. The Inventory Module is responsible for all activities related to managing inventory. ALERE finance and accounting software includes: Customer invoicing Accounts receivable Alere inventory Accounts payable Real-time general ledger Financial reporting Analytics Business intelligence Items on a purchase order can be received and the order considered complete if the quantity falls within an overage/shortage range. Establish payment terms using net, calendar and prox terms rules. For example, a sales order Activity tab may list the quote that started the order, shipments and returns, invoices created from the order, and payments and refunds. So, the user interface is rich and powerful, and all modules utilize that same interface. A Massachusetts-based medical manufacturer has agreed to pay more than $13 million to settle charges that it committed accounting fraud through its subsidiaries to meet revenue targets and made improper payments to foreign officials to increase sales in certain countries. Line items on purchase orders may be partially or wholly received. General ledger (GL) definition:A complete record of the financial transactions over the life of a company. Assets (fixed and current) (FA, CA) Payables can be created directly and pull information from a single purchase order, multiple purchase orders or recurring purchase orders, Payables created from multiple purchase orders will, Create a payable from a recurring purchase order that will allow selection of the line items and quantities to be used and receive the items into inventory when the payable is accepted. Similar to the Sales module, ALERE purchase documents can be saved in a pending state, saving hours of re-entry time and making the purchasing process more efficient and flexible. ABBREVIATIONS; ANAGRAMS; BIOGRAPHIES; CALCULATORS; CONVERSIONS; DEFINITIONS; GRAMMAR; LITERATURE; . Auto complete orders when they are completely shipped and invoiced or hold them open for further work. Dated Income Statements can be run for any range of dates, which permits daily, weekly, quarterly, semiannual and multi-year statements to be produced. Kits and their components are automatically issued from inventory when the order is shipped. This also simplifies and speeds up year-end procedures. Please select another program or contact an Admissions Advisor (877.530.9600) for help. EASTON, PA - May, 2011- TIW Technology, is pleased to announce. Each column is a field, function or a user-definable field in the table. The SOC will recalculate the price and cost based on the features and options chosen each time the Save button is selected. 10 - Depreciation, Amortization, & Fixed Assets. Financial information can be exported to F9 Financial Reporter for further analysis or for budgeting purposes. Please visit www.rasmussen.edu/degrees for a list of programs offered. To help you get started, we compiled an assortment of basic financial terms and acronyms and created this simple accounting glossary for beginners. Automatically apply sales order prepayments when matching invoices are created. The program you have selected requires a nursing license. Washington D.C., Sept. 28, 2017 . Special general ledger accounts are used to post variances due to currency fluctuations when making purchases or sales. The pricing has always been fair. Automatically generate finance charges and late fees. What makes ALERE different? Phone Number (124) 456-9000. The tab displays information related to the record that is open. Change purchase order line item unit costs right up to their release. Produce consolidated Income and Balance Sheet reports for any combination of companies on demand. 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 graphical dispatch board is employed for service ticket scheduling.Supporting a field service operation? Activities like processing a prepayment or handling a return are done quickly, logically and with a minimum number of steps. Set up tax districts by company location. Screen and report modification tools are built in and are a standard part of the package. A Get button helps find specific entries based on the journal ID, a reference key or the description of the entry. 3. Orders may be received one at a time or mass received. ALERE is available through a nation-wide Dealer channel that can provide consulting, training, and customization and implementation services. This even includes building a kit on-the-fly by choosing the components from a list and entering the quantity required for each. Typically, we have financial statements completed by 10:00 AM on the 1st for the previous month. 08.22.2022, Jordan Jantz | Enrolled agent (EA) definition:A tax professional who represents taxpayers in matters where they are dealing with the Internal Revenue Service (IRS). Similar configurations from previous or current sales orders can be located, copied into an order and edited. Select line items and quantities to receive when receiving partial orders. Each row corresponds to a record in the table. Drill down on the chart of accounts to. Assign Item Types to allow items to be categorized by function, such as SHIP for shipping or FIN for finance charges. ALERE jumped right in and customized what was needed to assure those needs were met. 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. That alone can save a company tens of thousands of dollars each year. The STANDS4 Network. ALERE Manufacturing is designed for use by small and midsize manufacturers operating in a range of industries. A non-stock item file is available for companies that do not carry inventory but require item numbers for billing. Prox terms are a method that sets the due date by establishing a day of the month that acts as a closing date and a day that acts as the due date. Optional order version control for all orders. Email: info@tiwcorp.com Transfer orders will: Make inventory adjustments for single items or for mass changes. This allows. We have a wholly integrated single TIW solution.. Alere Accounting Software Alere ERP Accounting Modules Manager ERP software is, by its nature, a large and complex program with many moving parts. Apply debit memos and prepayments to payables as they are approved for payment. 07/20/2020. ALERE features unrivaled manufacturing, inventory management, and accounting toolsets, backed by a robust reporting engine, allowing the system to be readily . InTouch manages prospects, customers and suppliers, as both companies and individually as contacts with ease. Today we tackle depreciation and amortization, and we discuss fixed assets. Separate GL accounts track outbound sales and inbound purchases. 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. Accept sales order prepayments, non-invoice receipts and customer on account payments. Any unpaid expense incurred by a business. Generally accepted accounting principles (GAAP) definition:A set ofrules and guidelinesdeveloped by the accounting industry for companies to follow when reporting financial data. A lot can be assigned an expiration date. Credit means to put an entry on the right side of the account. Quickly and accurately scan items for sales orders, for shipping and receiving inventory, for doing physical inventory counts, and for time and attendance! Most importantly, customizations can be easily brought forward to new releases. A formula based manufacturing application developed and implemented by BatchMaster Software. A right-click menu makes it easy to add, edit, and delete choices and inventory items. Matching memo fields for each image are available for long descriptions. Save orders in an incomplete or Pending state without releasing them for processing. Voiding a check allows a payable to be reopened just as if the payment had never been made. Mark individual line items on a purchase order as a Purchase, Return or Credit. Of course, recent change from ALERE v14 to ALERE v15 introduced multi line customer's and supplier's addresses but 3-4 hours of custom forms changes - cosmetics - and on the new version with some 50+ improvements, new document management features , better service tickets and dispatching. ALERE Accounting contains the features you need to grow your business. Capital (CAP) definition:A financial asset or the value of a financial asset, such as cash or goods. Set up locator rules to do searches like finding the nearest stores to a customer. Cash flow (CF) definition:The revenue or expense expected to be generated through business activities (sales, manufacturing, etc.) 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. Balance sheet (BS) definition:A financial report that summarizes a company's assets (what it owns), liabilities (what it owes) and owner or shareholder equity, at a given time. The discrete manufacturer will find a wealth of tools to help control production including transaction-based work orders; routing; costing; BOMs consisting of Component, Modular, Variable, Phantom, and Kits all supporting 25 indented levels; and finite forward/backward scheduling! The journal entry screen has forward and backward buttons to page through transactions. 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. Language Sets Language sets allow you to customize menus, screens and even have different languages on a user-by-user basis. Journal entries are flexible and allow the addition of notes for detailed documentation. Return orders place the items on order in inventory and can be shown separately when doing mass receiving. Convert net negative orders directly to credit memos. Product configurations can be predefined and assigned finished good item numbers. Email - Key Sales and Purchase screens can automatically convert the order into a PDF file and send it via email. Fixed commissions can be generated based on the achievement of sales goal such as revenue, margin, or quantity of items sold. Both the A/R Receivables and A/P Payables reports have options to be run for specific currencies. Assign AR/cash receipts to Bank Deposit IDs where deposits can be managed and bank deposit tickets printed. Rasmussen University is accredited by the Higher Learning Commission and is authorized to operate as a postsecondary educational institution by the Illinois Board of Higher Education. The coupon is the annual interest rate paid on a bond. The number of periods in the future that can accept journal entries can be set from 0 to 99. Modular (make a choice) and variable (enter a quantity) rules are supported. View a list of all users logged in on one screen. 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. Void orders without activity. During the process of recording a receipt for an invoice, the payment can be automatically applied, starting with the oldest invoice first, until the total payment amount is reached. This piece of ad content was created by Rasmussen University to support its educational programs. Warranty, testing activities, and recurring work under service plans are all supported. Track issues, shipments, receipts, and adjustments on the Activity tab. Alere Accounting is a feature rich, SQL based ERP system that molds to your company needs instead of you having to mold to your ERP system requirement. Each document contains a complete history of its life accompanied by all the associated general ledger postings that were generated. Are there SBT Pro and VisionPoint Conversions. You as a customer get value. Filter the list of orders to be shipped for a specific location, a customer, and even a specific customer location. An Activity tab on each order permits all related activity to be viewed with drill down. Individual companies can be customers, suppliers, or both. 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. An alphanumeric chart of accounts up to 24 characters wide and six user defined segments is used. Convert return orders to debit memos. 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. This protects a company's investment by allowing them to remain current as product upgrades are released. We decided that ALERE Accounting and ALERE Manufacturing were the best fit for us. Orders without activity may be voided. Purchase orders and payables can be saved in a Pending state and later completed and released. Key changes, with the ability to merge information, can be made for company IDs, company location IDs, item numbers, payment terms, and product classes. 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. Set deleted line items to be shown on orders or suppressed. Offset AR invoices, credit memos, debit memos, and AP invoices. 06.27.2022. Individual retirement account (IRA) definition:IRAs are savings vehicles for retirement. 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. A real-time log reveals all the ins and outs of inventory movement. 10.31.2022, Jordan Jantz | Reconcile internal system balances by module or by function. Companies and prospects are maintained in separate files, making it easier to manage email and direct mail marketing campaigns. Kokatat upgraded a legacy business system 15 years ago and chose ALERE. Extensive reporting includes As of reports and a custom financial report generator. Mark items as any mix of purchased, manufactured, component, sellable, stocking, drop shipped, and taxable. All GL transactions are posted in real time to the general ledger. Active/inactive dates can be used for temporary taxes.Combine tax rates into tax districts to handle a wide variety of sales tax situations. It is designed to provide management with a tool to explore their company data. In 2001, ALERE Accounting was introduced. However, some debits increase and some debits decrease. Rates can be updated as often as once per day and are continuously tracked by date. Assign expiration dates to orders. Unlimited locations and contact information are supported for each company. A Data Dictionary lists and details all tables and reports to assist with modifications to the software. Set up conversion tables that allow the system to automatically convert one unit of measure to another. 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. Assign unique stocking units of measure for each item. Accounting (ACCG) definition:A systematic way of recording and reporting financial transactions for a business or organization. on In addition, ALERE requires little support once installed and implemented. Auto complete orders or hold them open for further work. The Income Statement (referred to above as the P&L) and the Balance Sheet. Even stock inquiries, printing labels, and increasing or decreasing inventory becomes a snap! Global codes, such as units of measure and product classes, are maintained in one location. Offset a receivable against a payable. 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. Return orders provide an easy way to ship items back to a supplier by producing pick tickets and tracking. One screen handles the approval of payables for payment and the printing of checks. Printer friendly. 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. Orders and returns can be received and not released to payables or received and released to payables. Simple and advanced budgeting, using Excel spreadsheets, is supported. 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. Income Statements and Balance Sheets can be run for any period of any year. Present value (PV) definition:The current value of a future sum of money based on a specific rate of return. Distribute the GL effects of an inventory adjustment over a range of accounts. Traits are user defined. File supplier 1099 forms electronically. Stored notes can be added to the email besides being able to enter personalized messages. Average, Standard, LIFO or FIFO inventory valuations are supported. ALERE Accounting contains the features you need to grow your business. The same process handles sales returns. Custom general ledger accounts act as rules for establishing which GL accounts to use for a transaction. Login . Use an Explorer-like interface, called Treevision to drill down to sales information and even right to the actual orders. Prospects may have any number of quotes submitted, with both prospects and quotes easily converted to company status when purchases are confirmed. 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. Thousands of businesses have come to rely on ERP, accounting, CRM, manufacturing, data acquisition, and mobility solutions from TIW Technology. Different Remit To, PO To, Ship To, and Refer To combinations. Compare financial reports for any two periods of any two years. Rasmussen University is accredited by the Higher Learning Commission, an institutional accreditation agency recognized by the U.S. Department of Education. This definition appears very rarely and is found in the following Acronym Finder categories: Business, finance, etc. 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. For example, a contractor that must be present to accept delivery. Item numbers are fifteen spaces wide and alphanumeric. 07.11.2022, Carrie Mesrobian | General ledger transactions and financial reports are done in the base currency. That way, when you start your accounting education journey, youll already feel like youre a step ahead and speaking the language. A GL Posting tab on each order displays in real time the general ledger postings generated by the order. Currency codes may be assigned by location if customers and suppliers have more than one location. Use them for a whole host of activities, such as placing orders, collecting information, and doing detailed inquiries. All done in real-time. 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. What Is Forensic Accounting? Accounting and Auditing: What's the Difference? Copy and restart voided orders. A Data Gateway provides central access to any designated browser. PROS Auto convert return orders to credit memos when they are received. Write individual checks directly from the Payables or AP/Cash Payments screens. Individual GL accounts can be marked inactive to prevent journal entries being made against them. The AR/Cash Receipts function includes support for cash, checks, direct deposit, account offsets, and prepayments. The name describes the heart of accounting. 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. Your presence in the cloud may consist of a web site, catalogs, and perhaps an online store. See an example here. Each line item has a Need By date for receiving and material planning. 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 Learn more about the road ahead in our article, Your Step-by-Step Guide on How to Become an Accountant. A GL Posting tab on each order displays the GL postings generated by an order. Five users come with ALERE and may be expanded in increments of five. Reopen closed purchase orders and add line items or receive additional quantities. One code base is used for both the LAN and Client Server (SQL) platforms, LAN based companies in ALERE can be run concurrently, from the same company menu, as SQL based companies, Long lists to be easily viewed and searched, Easy side-by-side screen data comparisons, Screen sizes to be preset for each user with a simple modification requiring no code changes, Work on multiple documents in one or more modules at the same time, Interrupt work on one screen without closing it to complete another task, Open other screens that have supporting information, Eliminate the need to open and close modules constantly, Allows a large amount of data to be quickly viewed, Can be resized to see more lines and columns, Can have the columns resized and reordered in ascending or descending order, Will jump to the first record matching the characters entered, Uses relational logic to create powerful filters, Will display filtered records as a group or within the context of the entire table, Can be modified and saved for a specific user, Screens and field names unique to their business, Has filters that control the amount and type of activity displayed, Provides a way to tie together related information, Supports drill down to specific data or documents, Data sorts by the columns that are displayed, The base price of the item with the options selected with the matching prices, The default price of the item with the modifications and the price for those modifications, List the journal entries for a specific account and date ranges, Shows the key financial reports that need to be printed, Identifies which reports need to be reprinted due to prior period or year postings, Lists which periods or years have been closed, Individual customers, sales group, or for all customers, Items, groups of items, or an individual item, As distributions to inventory adjustments, Auto reverse the positions of debits and credits, Load predefined account distribution templates, Store unlimited notes that can be added or edited, even after the posting is accepted, Selling unit of measure and conversion factor, Safety stock, lead time, minimum order and order increment, Sales order and work allocation quantities, Purchase order and work order on order quantities, Purchase unit of measure with conversion factor, Lead time, minimum order and order increment, Move inventory from one company location to another, Ship the orders individually or use a mass shipping function, Receive the orders individually or use a mass receiving function, Track the value of the orders to a GL account, Ship and receive in one step to expedite the process, Handle increases in inventory due to physical counts or other reasons, Handle reductions in inventory due to physical counts or other reasons, Set on hand inventory counts, prices, standard costs and average costs, Calculate values based on the average cost for the date given, Be filtered for a range of items, a product class or an item type, Be ordered by item, location or product class.
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