Net terms set the due date based on the number of days after an invoice date. Assets (fixed and current) (FA, CA) ALERE features unrivaled manufacturing, inventory management, and accounting toolsets, backed by a robust reporting engine, allowing the system to be readily . Five users come with ALERE and may be expanded in increments of five. Our website provides a free download of ALERE Accounting 7.0. Establish an unlimited number of tax rates for federal, state, county, city, and local sales taxes. InTouch maintains two-way links with Microsoft Outlook, providing centralized connectivity for appointments, tasks, and emails sent or recorded in either product. Not having to rely on highly trained staff to enter the orders is also beneficial. Set up conversion tables that allow the system to automatically convert one unit of measure to another. Specifically allocate lot, trait and serial numbered items. Journal entries will. Orders may be shipped one at a time or mass shipped. Email: info@tiwcorp.com For example, enter a customers PO number and click on Order by Customer PO to find the matching sales order. View GL postings made by the bank transactions as they occur. The program you have selected requires a nursing license. Multiple quotes can be created to send to various suppliers for pricing information. During the receiving process, item numbers may be optionally displayed as either your item number or the suppliers item number. The support I get from TIW - I don't even have another company I can compare it to in any field. 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. Please visit www.rasmussen.edu/degrees for a list of programs offered. Check out these basicaccountingdefinitions and start to commit them to memory. Why ALERE? Exchange rates use a straightforward method to allow them to be quickly updated. Subchapter S corporation (S-CORP) definition:A form of corporation (that meets specific IRS requirements) and has the benefit of being taxed as a partnership versus being subject to the double taxation of dividends with public companies. 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. Produce consolidated Income and Balance Sheet reports for any combination of companies on demand. 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. 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. Investigating This Intriguing Accounting Role, Is Accounting Stressful? Generally accepted accounting principles (GAAP) definition:A set ofrules and guidelinesdeveloped by the accounting industry for companies to follow when reporting financial data. Yes it is. A great deal of effort is put into making complicated processes simple and straightforward while still providing feature sets that easily rival or exceed packages costing considerably more. Commission periods can be defined by each sales representative. Native functionality includes automatic period closings, extensive inventory traceability, warehouse support, drop shipping, email automation, document management, analytics, multi-currency, robust sales commissions, and credit card processing. 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. the release of ALERE Accounting v7.0 as the latest addition to the ALERE Business. We use ALERE for everything related to accounting and order flow. Assign each order type (sales orders, invoices, purchase order, return orders, etc.) TIW can provide teams to handle an implementation on a fixed cost basis for companies that so desire. Reversing entries are controlled manually and the postings can be edited before they are released. Applications family of products. Custom general ledger accounts act as rules for establishing which GL accounts to use for a transaction. I believe the software should work for us. Mark pricing rules as either Active or Inactive. About - Alere 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. Now that you have a solid foundation of basic accounting terms, youre ready to start on your path to entering the field. Your presence in the cloud may consist of a web site, catalogs, and perhaps an online store. Override terms from suppliers. The DEALER Method in Accounting - ToughNickel We reviewed the combined Accounting and Manufacturing software from ALERE along with several other competing software products. When using thedouble-entry accounting methodthere will be two recorded entries for every transaction: A credit and a debit. over a period of time. Kits and their components are automatically issued from inventory when the order is shipped. New search features Acronym Blog Free tools "AcronymFinder.com. on Return on investment (ROI) definition:A measure used to evaluate the financial performance relative to the amount of money that was invested. All Rights Reserved. Separate rates for selling and buying are supported to provide flexibility for your buying and selling functions. Track and report manufacturing processes with handheld or wedge scanners. It almost seemed like they made it for us. EDITORS NOTE: This article was originally published in February, 2013. Search for Abbreviations containing the term alere; 10.31.2022, Jordan Jantz | In addition, ALERE requires little support once installed and implemented. There is no obligation to enroll.This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Multiple drop ship items on an order for one vendor are consolidated on one purchase order. Alere Erp Over shipping missing kit components is optional. L - Liabilities. The cornerstone of ALERE is its broad range and depth of accounting features that make it extremely appealing to a wide variety of businesses. Use InTouch to write quotes for prospects and smoothly turn them into orders. The Manager Module provides support for housekeeping, password protection, modifications, and common processes and information that is shared among the modules. For example, a contractor that must be present to accept delivery. Web developers capitalize on the Mobility module by using it to both publish and store updated ALERE data in the Cloud. You can create and execute email and direct mail campaigns with it. Following these rules is especially critical for all publicly traded companies. An on-premise discrete manufacturing ERP software from FUJITSU. 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. Financial information can be exported to F9 Financial Reporter for further analysis or for budgeting purposes. 07/20/2020. Return orders place the items on order in inventory and can be shown separately when doing mass receiving. Customizations using the TIW Developer's Kit minimize the effort of moving to a new release, drastically lowering the cost of ownership and preserves your investment. Copy and restart voided orders. Accounting (ACCG) definition: A systematic way of recording and reporting financial transactions for a business or organization. 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. Diversification definition:The process of allocating or spreading capital investments into varied assets to avoid over-exposure to risk. in return for goods and/or services they have delivered. Create budget templates from actual data and maintain multiple budgets for what if analysis. Mark items as any mix of purchased, manufactured, component, sellable, stocking, drop shipped, and taxable. ALERE is available through a nation-wide Dealer channel that can provide consulting, training, and customization and implementation services. Track issues, shipments, receipts, and adjustments on the Activity tab. Set deleted line items to be shown on orders or suppressed. Shipped multiple times and summarized on one invoice, Establish special prices for a customer, groups of customers or all customers, Establish special prices for an item, groups of items, all items, product classes, or miscellaneous codes, Establish special prices for a specific location or all locations, Use six tiers of discounts based on the quantity purchased or the extended price, Calculate each tier based on a discount %, a flat discount amount, a unit price, a flat cost markup amount, a cost markup %, a gross margin, or % of standard price, Allow you to mix and match any of the above rules, Allow whole order discounts to be applied to orders over and above the discounts on individual line items, The reconstruction of past data based on an, Ordering by customer, sales person or amount due, Use either Open Order or Balance Forward methods, Be run for any range of dates to facilitate monthly, quarterly or other statement periods, Support up to four user-definable intervals, Be printed for zero balances, outstanding balances, or past due balances. Use them for a whole host of activities, such as placing orders, collecting information, and doing detailed inquiries. Auto convert return orders to credit memos when they are received. Payment terms for customers may be overridden. A Data Dictionary lists and details all tables and reports to assist with modifications to the software. Profit and loss statement (P&L) definition:A financial statement that is used to summarize a companys performance and financial position by reviewing revenues, costs and expenses during a specific period of time, such as quarterly or annually. The configurations of similar finished goods can be copied to speed up the process of creating them. Order date verification checks for an acceptable range of dates within which an order can be accepted. Assign unique stocking units of measure for each item. Extensive reporting includes As of reports and a custom financial report generator. This even includes building a kit on-the-fly by choosing the components from a list and entering the quantity required for each. Fetch can be used even if you are in the middle of doing something else. An investor, whether an individual, company, municipality or government, loans money to an entity with the promise of receiving their money back plus interest. A real-time log reveals all the ins and outs of inventory movement. Debits and Credits Explained: An Illustrated Guide | Finally Learn The number of periods in the future that can accept journal entries can be set from 0 to 99. Any number of currencies can be defined and all transactions are recorded in relationship to the base currency. Write individual checks directly from the Payables or AP/Cash Payments screens. Assign a GL Group to each line item that contains the GL accounts to use as a Pending order with full editing rights. The owners of the stock are known as shareholders. Rasmussen University is not regulated by the Texas Workforce Commission. Phone: 610-258-5161. 6:08 pm. Drill up from journal entries to the originating document. 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. An owners equity is typically explained in terms of the percentage of stock a person has ownership interest in the company. Matching memo fields for each image are available for long descriptions. Orders for kits that do not require features and options to be selected are taken without ever seeing the configuration screen. PDF Reports - Every report in ALERE can be turned into a PDF file to make it easy to share and add email. Create or edit a quote, purchase order, return order, or a recurring order from one screen. Balance checking accounts and find errors with a practical bank reconciliation process. Accounting (ACCG) definition:A systematic way of recording and reporting financial transactions for a business or organization. Colorful 2D or 3D charts show trends in rate changes in days, weeks, months or years. There is an error in email. A convenient Config button allows configurations to be changed even after they have been entered. Use smart phone apps to access customer information or create your own! Background Community Paramedics (CPs) require access to timely blood analysis in the field to guide treatment and transport decisions. Set Bill To, Ship To, Remit To, or PO To options for each company location. Accept sales order prepayments, non-invoice receipts and customer on account payments. Additionally, some employers choose to match the contributions made by their employees up to a certain percentage. 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. Each purchase document contains a complete history of its life accompanied by all the associated general ledger postings that were generated. 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. Make sure your answer has: There is an error in ZIP code. Group together multiple payments to one supplier on one check or they may be individually selected and printed on a separate check. 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. The reports can also provide information on the status of pending or unshipped orders. Everything from keeping track of complex inventories, processing customer orders and managing payables, to providing sophisticated general ledger financial controls. A browser provides a spreadsheet-like view of a table of information. 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. Alere's publisher, TIW Corp, has provided superb customer service, both to our company as well as directly to our clients. 401k & Roth 401k definition:A 401K is a savings vehicle that allows an employee to defer some of their compensation into an investment-based retirement account. FAQ - ALERE Business Applications Send sales invoices to a different location from where the order was shipped. A separate single payment process specializes in handling payments made one-at-a-time by manual check or other methods. Produce As Of inventory reports for any date or range of items. The Inventory Module is responsible for all activities related to managing inventory. Budgeting is available native to the chart of accounts or through an unlimited number of spreadsheets for comparative and what-if analysis. 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. JX Nippon Mining & Metals needed a solution that could meet the needs of our fast moving manufacturing environment. Printer friendly. Correct payments after they have been made. Companies may be marked active or inactive to control their use. View anticipated inventory movement on the Future Activity screen with drill down to the documents that will generate the activity. Compare actual versus budget for any range of dates. A Get button helps find specific entries based on the journal ID, a reference key or the description of the entry. Assign individual GL account numbers to each tax rate. The ROI is calculated by dividing the net profit by the cost of the investment. Phone Number (124) 456-9000. Orders may be locked at the order level or the individual line level to prevent further processing while still allowing changes to be made. Simple and advanced budgeting, using Excel spreadsheets, is supported. Individual GL accounts can be marked inactive to prevent journal entries being made against them. Simply enter what you are searching for and click the matching link on the list. This means: Dynamic Screen Sizing Screens can be resized by dragging the edges with a mouse. Orders can be copied and modified. Then take a moment to look at our tablet-based Service App. Rasmussen University may not prepare students for all positions featured within this content. She is passionate about creating quality resources that empower others to improve their lives through education. Establish payment terms using net, calendar and prox terms rules. There is a Developer's Kit for modifications. 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. Optionally hide the costs of line items during order entry. ERP software to support your company's growthAccounting - CRM - Manufacturing - Service - Mobility - Analytics - Document Management - Data Acquisition.

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