alere accounting acronym

Companies appreciate how modestly priced ALERE is both to purchase and to maintain. 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. Kokatat upgraded a legacy business system 15 years ago and chose ALERE. Product configurations can be predefined and assigned finished good item numbers. Prospects may have any number of quotes submitted, with both prospects and quotes easily converted to company status when purchases are confirmed. Optional order version control for all orders. The Executive Advisor provides a real time summary of a companys performance. September 28, 2017. ALERE is ERP software designed to manage a company's financial, CRM, Manufacturing, Service, and Data Acquisition requirements. Blanket orders can make releases to either a purchase order or directly to a payable. Debit (DR) definition:An accounting entry where there is either anincreasein assets or adecreasein liabilities on a company's balance sheet. Rates can be updated as often as once per day and are continuously tracked by date. Making and receiving payments using a foreign currency is supported. 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. The reconstruction of past data based on an As Of Date. All done in real-time. Everything from keeping track of complex inventories, processing customer orders and managing payables, to providing sophisticated general ledger financial controls. An alphanumeric chart of accounts up to 24 characters wide and six user defined segments is used. Best of all, the cost is based on the number of modules purchased - not the number of users! Email: [email protected] The AR/Cash Receipts function includes support for cash, checks, direct deposit, account offsets, and prepayments. Fixed assets (FA)are long-term and will likely provide benefits to a company for more than one year, such as a real estate, land or major machinery. Average, Standard, LIFO or FIFO inventory valuations are supported. Equity or Owner's Equity - E: The value left for a business after removing all of the liabilities. Individual GL accounts can be marked inactive to prevent journal entries being made against them. View a list of all users logged in on one screen. Trial balance definition:A business document in which all ledgers are compiled into debit and credit columns in order to ensure a companys bookkeeping system is mathematically correct. I value the development tools and the ability to customize reports, menus, screens and code. In the beginning, when we were searching for a name for our accounting system, one of the suggestions was an acronym. A GL Posting tab on each order displays the GL postings generated by an order. Accounting (ACCG) definition: A systematic way of recording and reporting financial transactions for a business or organization. Assign unique stocking units of measure for each item. A returned check reopens an invoice just as if the payments had never been received. This also simplifies and speeds up year-end procedures. Email orders and invoices. This permits returns and credits to be handled within one order. FOR IMMEDIATE RELEASE2017-178. In 2001, ALERE Accounting was introduced. See shipments, returns, payments, and refunds. The Analytics module then examines five key areas of this data: customers, suppliers, inventory, general ledger, and lot/serial traceability. 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. The Purchases Module is responsible for all purchasing functions, from entering a purchase order, through receiving and releasing to accounts payable, to approving and making payments. ALERE displays a browser each time the Get button is selected, the mouse is double left-clicked in a key field or F2 is pressed in a key field. What platform does ALERE use? Really happy with ALERE because it is really stable, really reliable, and they are constantly upgrading the capabilities. Now that you have a solid foundation of basic accounting terms, youre ready to start on your path to entering the field. Then take a moment to look at our tablet-based Service App. When one of the lines containing a configuration question on the SOC is selected, a list of the choices is shown along with the availability and cost for each. Assign each order type (sales orders, invoices, purchase order, return orders, etc.) 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. Override terms from suppliers. Net income (NI) definition:A company's total earnings, also called net profit. Each purchase document contains a complete history of its life accompanied by all the associated general ledger postings that were generated. Choose to ship an item from inventory or have it drop shipped. At key points in the sales and purchasing processes, emails can be auto-generated and a PDF of the accompanying document attached and sent based on a set of user defined rules. Individual rules can be crafted while still allowing for manual adjustments to the commission amount, bonuses and advances. Save orders in an incomplete or Pending state without releasing them for processing. As accounting manager, he oversees the operational accounting functions of Alere's portfolio assets, as well as prepares and reviews financial reporting and cash flows on a consolidated basis. Their annual software maintenance is one . Assign expiration dates to orders. What is ALERE? Enjoy two-way links with Outlook or independently manage standalone appointments and tasks. Line items on sales orders may be. in return for goods and/or services they have delivered. A GL Posting tab on each order displays in real time the general ledger postings generated by the order. ALERE provides all the tools that a company may need to manage their business from one vendor, TIW Technology, Inc. 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. Produce consolidated Income and Balance Sheet reports for any combination of companies on demand. The full range of sales, receivables, purchases, payables, inventory and general ledger is exquisitely incorporated. Working capital is calculated by taking your current assets subtracted from current liabilitiesbasically the money or assets an organization can put to work. Unbalanced account distribution templates can be saved so that only the amounts needed to balance the journal entry are required. A formula based manufacturing application developed and implemented by BatchMaster Software. 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. Establish payment terms using net, calendar and prox terms rules. Present value (PV) definition:The current value of a future sum of money based on a specific rate of return. An Honest Answer. A strong development program results in regular releases of new versions of ALERE. Background Community Paramedics (CPs) require access to timely blood analysis in the field to guide treatment and transport decisions. Each item can have a default configuration, containing the most common choices from which to start when the item is first entered. Convert quotes, blanket, and recurring orders to sales orders or directly to invoices. Create single purpose apps with online links with laptops and tablets. Talk with an admissions advisor today. Please select another program or contact an Admissions Advisor (877.530.9600) for help. Login . 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. To date, thousands of companies of all sizes, including some of the largest in the world, have made the decision to use ALERE. Following these rules is especially critical for all publicly traded companies. Facts for following examples: Asset cost of $85,000, salvage value of $10,000, an. Each item can have up to three unique traits which allows a matrix such as style/size/color. Get started with a list of general abbreviations for accounting. Lots that fail may not be shipped. Why ALERE? 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. New search features Acronym Blog Free tools "AcronymFinder.com. The support I get from TIW - I don't even have another company I can compare it to in any field. It seems every industry has its own secret language. Please correct the errors and submit again. So if youre starting to think aboutpursuing a career in accounting, your first step is to familiarize yourself with some of the basic accounting terms, acronyms and abbreviations in the field. Each line item has a Need By date for receiving and material planning. Accounts payable (AP) Accounts payable (AP) definition: The amount of money a company owes creditors (suppliers, etc.) Your presence in the cloud may consist of a web site, catalogs, and perhaps an online store. Change selling units of measure using a conversion factor. The name describes the heart of accounting. Address This is combined with setting baseline amounts, goals, and cap amounts. Features and options for an item are chosen as it is being entered on the order. A Data Gateway provides central access to any designated browser. Both the A/R Receivables and A/P Payables reports have options to be run for specific currencies. Modular (make a choice) and variable (enter a quantity) rules are supported. Activities like processing a prepayment or handling a return are done quickly, logically and with a minimum number of steps. An HTML Help manual has support down to the field level for the user. - Listen to 1 - Assets, Liabilities, Equity, Revenue, & Expenses (ALE-RE) by Accounting 101 with Jimmy Stewart instantly on your tablet, phone or browser - no downloads needed.

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