Their annual software maintenance is one . In addition to allowing choices to be made, variable information can be entered using a pop up numeric keypad. An HTML Help manual has support down to the field level for the user. Rasmussen University is not regulated by the Texas Workforce Commission. Drill down to see related documents. Liabilities (current and long-term) definition:A company's debts or financial obligations incurred during business operations. Assign unique stocking units of measure for each item. ALERE stands for Assets, Liabilities, Equity, Revenue, and Expenses. ALERE ACCOUNTING CONCEPTS - tiwcorp.com The DEALER Method in Accounting - ToughNickel Etc. 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 Write individual checks directly from the Payables or AP/Cash Payments screens. Turn a credit memo into a payable with a click of the button. Payment terms for customers may be overridden. A Data Gateway provides central access to any designated browser. I believe the software should work for us. So, the user interface is rich and powerful, and all modules utilize that same interface. The Sales Module is responsible for all sales functions, from entering an order, through invoicing to managing the cash receipts. Bills of material that can be configured are displayed when ALERE Accounting is linked with ALERE Manufacturing. Mass record drop shipments reported by suppliers on one screen designed to handle complete or partial shipments. In ALERE the Manager module provides a central location for information and services that are used throughout the system. Present value (PV) definition:The current value of a future sum of money based on a specific rate of return. Key changes, with the ability to merge information, can be made for company IDs, company location IDs, item numbers, payment terms, and product classes. Each line item has a Need By date for receiving and material planning. To help you get started, we compiled an assortment of basic financial terms and acronyms and created this simple accounting glossary for beginners. ALORE is defined as Asset, Liability, Owner's Equity, Revenue, Expense (general ledger accounting) very rarely. Change selling units of measure using a conversion factor. It has since been updated. Automatically generate finance charges and late fees. Each line item has a Line note which is printed on order reports that the customer receives. Diversification definition:The process of allocating or spreading capital investments into varied assets to avoid over-exposure to risk. ALERE is available through a nation-wide Dealer channel that can provide consulting, training, and customization and implementation services. Prospects, customers, suppliers and their respective contacts are kept in one spot, providing critical information needed to manage relationships. The key features are. EDITORS NOTE: This article was originally published in February, 2013. Warranty, testing activities, and recurring work under service plans are all supported. It supports web development by controlling which ALERE data is uploaded for webserver HTML use, and keeps it synchronized. Sales and purchase documents will then automatically default to that currency when used with those customers or suppliers. Send sales invoices to a different location from where the order was shipped. What does alere mean? This is combined with setting baseline amounts, goals, and cap amounts. I value the development tools and the ability to customize reports, menus, screens and code. Optionally hide the costs of line items during order entry. Create or edit a quote, purchase order, return order, or a recurring order from one screen. Optional order version control for all orders. FAQ - ALERE Business Applications Accept and print orders from the entry screen. Quickly and accurately scan items for sales orders, for shipping and receiving inventory, for doing physical inventory counts, and for time and attendance! Journal entries that are not ready to be released can be saved as pending entries then reviewed and released at a later time. About - Alere ALORE - Asset, Liability, Owner's Equity, Revenue, Expense (general Yes. Orders may be shipped one at a time or mass shipped. Also, some credits increase and some decrease. ALERE does this by placing an emphasis on the details that make day-to-day activities run smoothly. Line items on sales orders may be. Journal entries are flexible and allow the addition of notes for detailed documentation. 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 program you have selected is not available in your ZIP code. Override terms from suppliers. Software Maintenance is optional but is all inclusive. Our website provides a free download of ALERE Accounting 7.0. . Choose how you do business with them as your relationship matures. The Activity tab, The Configuration Module is responsible for defining the product features and options that can be selected when entering orders for customers. The configurations for items are created and maintained on one single screen using Treevision. This results in faster, cleaner order entry with improved customer satisfaction. ALERE Accounting contains the features you need to grow your business. Thousands of businesses have come to rely on ERP, accounting, CRM, manufacturing, data acquisition, and mobility solutions from TIW Technology. A browser: Fetch Retrieval Tool Reduce the time it takes to find information with this easy-to-use tool. The ALERE manual is written in HTML, has both field level and video support, and is accessible to every user by clicking on the "?" There is an error in email. Check out these basicaccountingdefinitions and start to commit them to memory. 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. Now that you have a solid foundation of basic accounting terms, youre ready to start on your path to entering the field. Over shipping missing kit components is optional. Line items on purchase orders may be partially or wholly received. E - Expenses. Customer numbers can be used to enter line items on orders. An Activity tab on each order permits all related activity to be viewed with drill down. While the Dynamic type conversion frequently requires expert intervention, it nevertheless can handle 80% or better of the upgrade. ALERE . ALERE does this by placing an emphasis on the details that make day-to-day activities run smoothly. The Income Statement (referred to above as the P&L) and the Balance Sheet. September 28, 2017. Add shipping charges as orders are shipped. The difference in value between when an order was taken or placed and the current value based on rate changes can be displayed. A returned check reopens an invoice just as if the payments had never been received. He is involved in the review of investment valuations and key assumptions used for budgeting and forecasting. See shipments, returns, payments, and refunds. Created and maintained by TIW's development team to insure the highest levels of integration and integrity! The AR/Cash Receipts function includes support for cash, checks, direct deposit, account offsets, and prepayments. 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. Components are allocated in real-time when the order for the kit is saved. PBC. 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. 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. Offset a receivable against a payable. Reopen closed sales orders and add line items or ship additional quantities. A schedule of payment dates may be defined. in return for goods and/or services they have delivered. Each item can have up to three unique traits which allows a matrix such as style/size/color. There are numerous companies running with well over 200 users. Calendar terms are established by defining dates based on a calendar. The key features are. Orders may be locked at the order level or the individual line level to prevent further processing while still allowing changes to be made. Quickly find all companies within a given radius of a zip code with a Proximity Locator. JX Nippon Mining & Metals needed a solution that could meet the needs of our fast moving manufacturing environment. 3. Enjoy two-way links with Outlook or independently manage standalone appointments and tasks. Received without being released as a payable. Separate GL accounts track outbound sales and inbound purchases. When using thedouble-entry accounting methodthere will be two recorded entries for every transaction: A credit and a debit. New items added to inventory can optionally be established for one or for all locations. Save time when entering new inventory items by copying the settings from another item. Order date verification checks for an acceptable range of dates within which an order can be accepted. 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. 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 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. ALERE Accounting Reviews | 2023 Pricing & Overview - Software Connect Any grids, lists, notes fields or pictures on the screen are automatically sized with the screen. Auto reversing transactions allow the user to select the date/period that the reversing entry will occur. Set deleted line items to be shown on orders or suppressed. Modify the regular unit price, the discount % and the customer price on each line. Create separate invoices and statements for finance charges and late fees. Any unpaid expense incurred by a business. 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.