Yes. 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. The AR/Cash Receipts function includes support for cash, checks, direct deposit, account offsets, and prepayments. Generally accepted accounting principles (GAAP) definition:A set ofrules and guidelinesdeveloped by the accounting industry for companies to follow when reporting financial data. Create separate invoices and statements for finance charges and late fees. ALERE Accounting contains the features you need to grow your business. The Analytics module then examines five key areas of this data: customers, suppliers, inventory, general ledger, and lot/serial traceability. The product has matured over the years and Development has kept pace with the changing and growing needs of our business. Phone Number (124) 456-9000. Credit means to put an entry on the right side of the account. Software Maintenance is optional but is all inclusive. In 2001, ALERE Accounting was introduced. ERP software to support your company's growthAccounting - CRM - Manufacturing - Service - Mobility - Analytics - Document Management - Data Acquisition. Create single purpose apps with online links with laptops and tablets. Payment terms for customers may be overridden. Companies and prospects are maintained in separate files, making it easier to manage email and direct mail marketing campaigns. 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. Make sure your answer has: There is an error in phone number. Orders and returns can be received and not released to payables or received and released to payables. 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. Email: info@tiwcorp.com Rasmussen University is not regulated by the Texas Workforce Commission. 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. Offset AR invoices, credit memos, debit memos, and AP invoices. Our website provides a free download of ALERE Accounting 7.0. Customers and suppliers may be assigned currency codes. Test pricing rules before they are released. A browser provides a spreadsheet-like view of a table of information. Fetch can be used even if you are in the middle of doing something else. Send sales invoices to a different location from where the order was shipped. Alere Accounting Software - conativetechnology.com View a list of all users logged in on one screen. Unbalanced account distribution templates can be saved so that only the amounts needed to balance the journal entry are required. Change selling units of measure using a conversion factor. Banking activities, including bank reconciliations, are controlled and monitored. Kitting in ALERE far exceeds what is commonly considered standard kitting capabilities. Key features are: Quotes, sales orders, sales invoices, return orders, credit memos, blanket orders, and recurring orders are supported. This means: Dynamic Screen Sizing Screens can be resized by dragging the edges with a mouse. Use payment terms to control which customers receive statements. The SOC will recalculate the price and cost based on the features and options chosen each time the Save button is selected. Each item can have a default configuration, containing the most common choices from which to start when the item is first entered. Matching memo fields for each image are available for long descriptions. Mass receive purchase orders, transfer orders and sales returns. Unlimited locations and contact information are supported for each company. over a period of time. Choose to ship an item from inventory or have it drop shipped. Create or edit a quote, purchase order, return order, or a recurring order from one screen. She is passionate about creating quality resources that empower others to improve their lives through education. 5 Rock-Solid Reasons to Major in Accounting, Connect with Rasmussen University on Facebook, Connect with Rasmussen University on Instagram, Connect with Rasmussen University on LinkedIn, Connect with Rasmussen University on Pinterest, Connect with Rasmussen University on Twitter, Connect with Rasmussen University on Youtube, Human Resources and Organizational Leadership, Information Technology Project Management, Transfer Credit & Other Knowledge Credit, See an example of the time value of money here, Your Step-by-Step Guide on How to Become an Accountant, Letter from the Senior Vice President and Provost, Financial Aid and FAFSA (for those who qualify). Fill out the form to receive information about: There are some errors in the form. Cash flow (CF) definition:The revenue or expense expected to be generated through business activities (sales, manufacturing, etc.) The Bank Reconciliation screen provides a checkbook register-like listing of all transactions that affect the checking accounts. Reconcile internal system balances by module or by function. We emphasize entering activity while it occurs. 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. A requisition can be submitted, turned into a purchase order, released as a payable when received, and finally, paid. Equity and owner's equity (OE) definition:In the most general sense, equity is assets minus liabilities. Set deleted line items to be shown on orders or suppressed. What makes ALERE different? ALERE does this by placing an emphasis on the details that make day-to-day activities run smoothly. ABBREVIATIONS; ANAGRAMS; BIOGRAPHIES; CALCULATORS; CONVERSIONS; DEFINITIONS; GRAMMAR; LITERATURE; . PROS Set up tax districts by company location. Use InTouch to write quotes for prospects and smoothly turn them into orders. Kalie Debelak | Each line on a requisition can be released to a different supplier as a separate order. What Is Forensic Accounting? A formula based manufacturing application developed and implemented by BatchMaster Software. What does alere mean? Separate GL accounts track outbound sales and inbound purchases. Auto complete orders or hold them open for further work. Publish and maintain information in the Cloud for apps on smart phones and to support your company's Enterprise Content Management objectives. Book Value - BV: In accounting abbreviations, BV represents the original value of an asset after eliminating accumulated depreciation. That means that Technical Support and new versions are included. ALORE - Asset, Liability, Owner's Equity, Revenue, Expense (general The Executive Advisor provides a real time summary of a companys performance. Critical financial reports are always available and up to date. 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. Each company location can be assigned a default currency to use. Expenses (FE, VE, AE, OE) definition:The fixed, variable, accrued or day-to-day costs that a business may incur through its operations. Key financial numbers can be viewed with one mouse-click. Email, view or print orders. Additionally, some employers choose to match the contributions made by their employees up to a certain percentage. Diversification definition:The process of allocating or spreading capital investments into varied assets to avoid over-exposure to risk. Here's a simple acronym that I wish I'd known when I was an accounting beginner: D - Drawings. One single screen handles all default general ledger accounts which greatly simplifies the management of these accounts. Average, Standard, LIFO or FIFO inventory valuations are supported. Set up temporary password privileges that expire on a specific date. 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. 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. A Price Group field allows items to be assigned special pricing rules, such as belonging to a group that is on sale this week. Reversing entries are controlled manually and the postings can be edited before they are released. Any unpaid expense incurred by a business. Pinpoint your companys critical geographic hot spots with a Location of Sales report. Individual companies can be customers, suppliers, or both. An investor, whether an individual, company, municipality or government, loans money to an entity with the promise of receiving their money back plus interest. This also simplifies and speeds up year-end procedures. Credit (CR) definition:An accounting entry that may eitherdecreaseassets orincreaseliabilities and equity on the company's balance sheet, depending on the transaction. Each user can have their own unique environment created for them, such as menus, language, etc. Copy and restart voided orders. Each line item has a Line note which is printed on order reports that the customer receives. The key features are. He is involved in the review of investment valuations and key assumptions used for budgeting and forecasting. The full range of sales, receivables, purchases, payables, inventory and general ledger is exquisitely incorporated. Accounting 101 with Jimmy Stewart - Anchor Group together multiple payments to one supplier on one check or they may be individually selected and printed on a separate check. In addition to allowing choices to be made, variable information can be entered using a pop up numeric keypad. This permits returns and credits to be handled within one order. Facts for following examples: Asset cost of $85,000, salvage value of $10,000, an. Mass record drop shipments reported by suppliers on one screen designed to handle complete or partial shipments. Modular (make a choice) and variable (enter a quantity) rules are supported. About - Alere Extensive reporting includes As of reports and a custom financial report generator. ALORE - Assets, Liabilities, Owners Equity, Revenue and Expenses The accounting equation relates to the two main Accounting statements that we in Year 11 Accounting are studying in Semester 1. Print inventory sheets to assist physical counts. Apply debit memos and prepayments to payables as they are approved for payment. The owners of the stock are known as shareholders. Not us working for the software. Now that you have a solid foundation of basic accounting terms, youre ready to start on your path to entering the field. ALERE finance and accounting software includes: Customer invoicing Accounts receivable Alere inventory Accounts payable Real-time general ledger Financial reporting Analytics Business intelligence Alere Accounting System | Techgroup 7. The numeric calculator will allow currency conversion calculations to be made on the fly. Just as an order can be configured with features and options, so can a kit. Thousands of businesses have come to rely on ERP, accounting, CRM, manufacturing, data acquisition, and mobility solutions from TIW Technology. 30 Basic Accounting Terms, Acronyms and Abbreviations Students Should Accept and print orders directly from the entry screen. Medical Manufacturer Settles Accounting Fraud Charges 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. All done in real-time. Payment terms, tax tables and units of measure conversions are also maintained. 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. Customer numbers can be used to enter line items on orders. The difference in value between when an order was taken or placed and the current value based on rate changes can be displayed. Filters allow the list of orders to be narrowed and the list of orders may be sorted by value or customer. ERP software is, by its nature, a large and complex program with many moving parts. A GL Item Group permits each item to have a set of predefined GL accounts that are used when processing the item. Use Bank Transactions to do deposits and withdrawals, post interest and credits, record bank fees, void checks, and handle returned checks. Alere subsidiaries in India and Colombia "obtained or retained business" by using distributors or consultants to make . Debits and credits mean "left and right". The mass shipping function permits orders to be shipped completely or partially. Link/Page Citation Mark individual line items on a purchase order as a Purchase, Return or Credit. The choices for configurations can optionally include prices, available quantities and locations. And they are extremely responsive.. We use ALERE for everything related to accounting and order flow. Save orders in an incomplete or Pending state without releasing them for processing. The name describes the heart of accounting. ALERE ACCOUNTING CONCEPTS - tiwcorp.com Up to 99 periods in a fiscal year are supported with starting and ending dates for each period. on Correct payments after they have been made. Everything from keeping track of complex inventories, processing customer orders and managing payables, to providing sophisticated general ledger financial controls. Limited liability company (LLC) definition:An LLC is a corporate structure where members cannot be held accountable for the companys debts or liabilities.
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