Generally accepted accounting principles (GAAP) definition:A set ofrules and guidelinesdeveloped by the accounting industry for companies to follow when reporting financial data. Each column is a field, function or a user-definable field in the table. Active/inactive dates can be used for temporary taxes.Combine tax rates into tax districts to handle a wide variety of sales tax situations. Rasmussen University is accredited by the Higher Learning Commission, an institutional accreditation agency recognized by the U.S. Department of Education. Apply debit memos and prepayments to payables as they are approved for payment. ERP software to support your company's growthAccounting - CRM - Manufacturing - Service - Mobility - Analytics - Document Management - Data Acquisition. Colorful 2D or 3D charts show trends in rate changes in days, weeks, months or years. ALERE Manufacturing is designed for use by small and midsize manufacturers operating in a range of industries. In addition, TIW Development will provide fixed price quotes for companies that would prefer that the Factory perform the modification work. on Yes it is. This includes unbalanced entries. Since it is common for the employees not to know the item number of the items to be ordered, the order can be filled out using only a description and quantity. Traits are user defined. A browser: Fetch Retrieval Tool Reduce the time it takes to find information with this easy-to-use tool. PO receipts may be reversed on a line-by-line basis. It has since been updated. Net terms set the due date based on the number of days after an invoice date. Login . One screen handles the approval of payables for payment and the printing of checks. The name would be formed by taking the first letter of each category that makes up two of accounting's most important financial documents: the Balance Sheet and the Income Statement . Use an Explorer-like interface, called Treevision to drill down to sales information and even right to the actual orders. 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. Assign a Release Group ID to recurring orders that allows those orders to be mass released as a group. Any unpaid expense incurred by a business. Assign Item Types to allow items to be categorized by function, such as SHIP for shipping or FIN for finance charges. An Activity tab on each order permits all related activity to be viewed with drill down. Daniel joined Alere in October 2020. Components are allocated in real-time when the order for the kit is saved. Modular choices within modular choices permit the construction of decision trees with dependency rules. Then take a moment to look at our tablet-based Service App. Individual rules can be crafted while still allowing for manual adjustments to the commission amount, bonuses and advances. You as a customer get value. Groups of rules can be defined and assigned to individual companies to manage the process. Associate two images in BMP, GIF, JPG or ICO formats to each item. Accept sales order prepayments, non-invoice receipts and customer on account payments. The Configuration Module reports support data mining. Auto convert quotes and recurring orders to purchase orders or payables. Journal entries that are not ready to be released can be saved as pending entries then reviewed and released at a later time. See an example here. Prospects may have any number of quotes submitted, with both prospects and quotes easily converted to company status when purchases are confirmed. Reopen closed sales orders and add line items or ship additional quantities. Both the A/R Receivables and A/P Payables reports have options to be run for specific currencies. A GL journal entry is completely accomplished using only one screen. 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. Pinpoint your companys critical geographic hot spots with a Location of Sales report. The documents that can be processed using a foreign currency include sales orders, invoices, purchase orders, and payables. Customer and supplier part numbers can be used interchangeably, smoothing the order and purchasing processes. Simply enter what you are searching for and click the matching link on the list. PDF Reports - Every report in ALERE can be turned into a PDF file to make it easy to share and add email. Currency codes may be assigned by location if customers and suppliers have more than one location. The DEALER Method: The Hack to Make Sure You Never Forget. Lots may be assigned an inspection status of Uninspected, Passed, or Failed. Rasmussen University is not enrolling students in your state at this time. InTouch maintains two-way links with Microsoft Outlook, providing centralized connectivity for appointments, tasks, and emails sent or recorded in either product. Each company can have a user-defined status such as Dealer, Customer, etc. There are six different ways of formatting the configuration information on a printed order as. Dated Income Statement comparison report can be run for any two ranges of dates. Phone Number (124) 456-9000. Purchase orders and payables can be saved in a Pending state and later completed and released. Filter the list of orders to be shipped for a specific location, a customer, and even a specific customer location. Clients have found that there is so much value in the services provided by the SMA that more the majority elect to stay on Software Maintenance. In addition, ALERE requires little support once installed and implemented. PBC. The Multi-Currency Module allows companies that do business outside their countrys borders a way to take and place orders in currencies other than their own. It seems every industry has its own secret language. Orders may be received one at a time or mass received. We reviewed the combined Accounting and Manufacturing software from ALERE along with several other competing software products. To date, thousands of companies of all sizes, including some of the largest in the world, have made the decision to use ALERE. Yes. One single screen handles all default general ledger accounts which greatly simplifies the management of these accounts. List all open purchase orders with a supplier, Allow any combination of orders to be selected, Allow individual line items on purchase orders to be selected, along with the quantity, for receipt, Mark individual non-sequential checks as okay. Key changes, with the ability to merge information, can be made for company IDs, company location IDs, item numbers, payment terms, and product classes. We have a wholly integrated single TIW solution.. Equity and owner's equity (OE) definition:In the most general sense, equity is assets minus liabilities. The SOC will determine the correct finished good item number to use based on the configuration that was entered. Create separate invoices and statements for finance charges and late fees. Payment terms, tax tables and units of measure conversions are also maintained. Debit (DR) definition:An accounting entry where there is either anincreasein assets or adecreasein liabilities on a company's balance sheet. Auto complete orders or hold them open for further work. Unlimited locations and contact information are supported for each company. Extensive reporting includes As of reports and a custom financial report generator. Individual pages may be easily printed; however, the total manual exceeds more than fifty thousand hyperlinked pages that defy printing in whole. Active currency rates may be changed until such time as they are used. Quickly find all companies within a given radius of a zip code with a Proximity Locator. We decided that ALERE Accounting and ALERE Manufacturing were the best fit for us. Reversing entries are controlled manually and the postings can be edited before they are released. 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! All the features and options and how they are related can be viewed at a glance. Each item can have up to three unique traits which allows a matrix such as style/size/color. Separate GL accounts track outbound sales and inbound purchases. Over shipping missing kit components is optional. Cash orders produce instant invoices and receipt of payment. This definition appears very rarely and is found in the following Acronym Finder categories: Business, finance, etc. Mass record drop shipments reported by suppliers on one screen designed to handle complete or partial shipments. Address 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. 6. It is designed to provide management with a tool to explore their company data. Exchange rates use a straightforward method to allow them to be quickly updated. Bills of material that can be configured are displayed when ALERE Accounting is linked with ALERE Manufacturing. FOR IMMEDIATE RELEASE2017-178. A library of instructional videos is embedded within the manual and readily available through the website. A strong development program results in regular releases of new versions of ALERE. Assign individual GL account numbers to each tax rate. Each document contains a complete history of its life accompanied by all the associated general ledger postings that were generated. The . For users that have spent years and years using the ubiquitous SBT (now Sage) products, ALERE offers no charge conversion programs that can do Static (fixed data like customers, suppliers and inventory) and Dynamic (transactional data) conversions. Produce As Of inventory reports for any date or range of items. A separate single payment process specializes in handling payments made one-at-a-time by manual check or other methods. 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. Email: info@tiwcorp.com Your presence in the cloud may consist of a web site, catalogs, and perhaps an online store. Fixed commissions can be generated based on the achievement of sales goal such as revenue, margin, or quantity of items sold. 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. Their annual software maintenance is one . The results can be displayed in colorful 3-D charts and may be exported to Microsoft Excel, Word, HTML, or even sent to the clipboard for use.Details & Features (512kb), Ruleset creation and combination capabilities of the Commissions module are extensive, and approached from a sales representative-centric perspective. Publish and maintain information in the Cloud for apps on smart phones and to support your company's Enterprise Content Management objectives. Mass key changes can be processed by importing an Excel spreadsheet. Auto complete orders when they are completely shipped and invoiced or hold them open for further work. ALERE Accounting contains the features you need to grow your business. The Manager Module provides support for housekeeping, password protection, modifications, and common processes and information that is shared among the modules. Mass receive purchase orders, transfer orders and sales returns. Making life even easier for modern job shop owners. ALERE was first released in 1990 as a manufacturing package. Convert net negative orders directly to credit memos. Customers and suppliers may be assigned currency codes. Reopen closed purchase orders and add line items or receive additional quantities. Inventory can be stored at location, store and bin with extensive lot, serial, and trait traceability as needed for each item. MDI improves work flow by allowing you to: Advanced Browser - Browsers help find a specific record or piece of information. Create and maintain a chart of accounts using Treevision", an Explorerlike graphical interface. At the same time, the kit is placed on order in inventory. Email: info@tiwcorp.com A GL Item Group permits each item to have a set of predefined GL accounts that are used when processing the item. Quickly and accurately scan items for sales orders, for shipping and receiving inventory, for doing physical inventory counts, and for time and attendance! Typically, this could be cash, inventory or accounts receivable. Distribute the GL effects of an inventory adjustment over a range of accounts. Certified public accountant (CPA) definition:A designation given to an accountant who has passed a standardizedCPA examand met government-mandated work experience and educational requirements tobecome a CPA. New search features Acronym Blog Free tools "AcronymFinder.com. Sales and purchase documents will then automatically default to that currency when used with those customers or suppliers. This includes: acknowledging orders received from customers; forwarding invoices when orders are shipped; and releasing purchase orders and have them sent to suppliers. The mass shipping function permits orders to be shipped completely or partially. However, some debits increase and some debits decrease. 2023 Rasmussen College, LLC. Compare actual versus budget for any range of dates. He is involved in the review of investment valuations and key assumptions used for budgeting and forecasting. Orders and returns can be received and not released to payables or received and released to payables. MDI (Multiple Document Interface) --MDI allows multiple screens and modules to be open at the same time. 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. What platform does ALERE use? Automatically generate finance charges and late fees. The ALERE manual is written in HTML, has both field level and video support, and is accessible to every user by clicking on the "?" Orders may be locked to prevent further processing while still allowing changes to be made. Working capital is calculated by taking your current assets subtracted from current liabilitiesbasically the money or assets an organization can put to work. E - Expenses. The SOC will recalculate the price and cost based on the features and options chosen each time the Save button is selected. JX Nippon Mining & Metals needed a solution that could meet the needs of our fast moving manufacturing environment. Group together multiple payments to one supplier on one check or they may be individually selected and printed on a separate check. Accounting (ACCG) definition:A systematic way of recording and reporting financial transactions for a business or organization. The three main asset classes are equities or stocks, fixed income or bonds, and cash equivalents or money market instruments. Receive payments by company and location. Partially or wholly ship line items. 4. Here's a simple acronym that I wish I'd known when I was an accounting beginner: D - Drawings. Orders for kits that do not require features and options to be selected are taken without ever seeing the configuration screen. Use them for a whole host of activities, such as placing orders, collecting information, and doing detailed inquiries. The burden and costs associated with period closings are eliminated since ALERE operates in real-time, making closings automatic. General ledger transactions and financial reports are done in the base currency. Assets (fixed and current) definition: Current assets (CA)are those that will be converted to cash within one year. The choice of a Mens bike provides the second level choices - Mountain or Street. All GL transactions are posted in real time to the general ledger. 06.27.2022. Each user can have their own unique environment created for them, such as menus, language, etc. Print bank deposit slips. Modify the regular unit price, the discount % and the customer price on each line. Phone: 610-258-5161, Bret Rowley - IT Department Manager, JX Nippon Mining & Metals, Aaron McVanner - Information Technology Lead, Kokatat, Josh Emery - President, Emery Distributors, A Path forward for SBT/Sage Pro and VisionPoint Clients. 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. Check out these basicaccountingdefinitions and start to commit them to memory. Even preventative maintenance scheduling is built into the backbone of the software. Created and maintained by TIW's development team to insure the highest levels of integration and integrity! Change selling units of measure using a conversion factor. Debits and credits mean "left and right". EASTON, PA - May, 2011- TIW Technology, is pleased to announce. 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. Product configurations can be predefined and assigned finished good item numbers. 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. Mass processing functions for releasing, picking, and invoicing orders, as well as generation of customer statements and automatically emailing notifications and orders, provide your company with significantly greater efficiency gains.Details & Features (776kb), ALERE's SOC (Sales Order Configurator) module improves the performance and accuracy of sales order entry by verifying the correct features and options are offered and that the right finished good part numbers are used. In addition, it includes many solutions that are commonly thought of as "add-ons", such as Document Management, Bar Coding, CRM, Analytics, Commissions, Multi-Currency, Mobility, and on and on. The Configuration Module has built in support for kitting, making it native to the accounting system. Please select another program or contact an Admissions Advisor (877.530.9600) for help. Link/Page Citation Insolvency definition:A state where an individual or organization can no longer meet financial obligations with lender(s) when their debts come due. - 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. Accounts payable (AP) Accounts payable (AP) definition: The amount of money a company owes creditors (suppliers, etc.) 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. Auto reversing transactions allow the user to select the date/period that the reversing entry will occur. Assign unique stocking units of measure for each item. The Bank Reconciliation screen provides a checkbook register-like listing of all transactions that affect the checking accounts. In ALERE the Manager module provides a central location for information and services that are used throughout the system. 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. Payment terms for customers may be overridden. Web developers capitalize on the Mobility module by using it to both publish and store updated ALERE data in the Cloud. Data for each company is kept in a separate directory and is easily moved or copied. Filters allow the list of orders to be narrowed and the list of orders may be sorted by value or customer. ABBREVIATIONS; ANAGRAMS; BIOGRAPHIES; CALCULATORS; CONVERSIONS; DEFINITIONS; GRAMMAR; LITERATURE; . The owners of the stock are known as shareholders. Across the board, for the level of ERP we were looking for, they almost all offered similar functionlaity but it was Aleres adaptability that had us move forward with them. ALERE is available through a nation-wide Dealer channel that can provide consulting, training, and customization and implementation services. HIV positive patients with D4 count 350 cells/mm3 (according to the Alere PIMA D4 point of care system) 2. File supplier 1099 forms electronically. Auto number orders or enter them manually. A - Assets. Fill out the form to receive information about: There are some errors in the form. 8. A real-time log reveals all the ins and outs of inventory movement. Everything from keeping track of complex inventories, processing customer orders and managing payables, to providing sophisticated general ledger financial controls. I value the development tools and the ability to customize reports, menus, screens and code. Language Sets Language sets allow you to customize menus, screens and even have different languages on a user-by-user basis. Item numbers are fifteen spaces wide and alphanumeric. Turn a credit memo into a payable with a click of the button. Set up temporary password privileges that expire on a specific date. Enrolled agent (EA) definition:A tax professional who represents taxpayers in matters where they are dealing with the Internal Revenue Service (IRS). Please correct the errors and submit again. Everything from keeping track of complex inventories, processing customer orders and managing payables, to providing sophisticated general ledger financial controls. 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. Budgeting is available native to the chart of accounts or through an unlimited number of spreadsheets for comparative and what-if analysis. View a list of all users logged in on one screen. Establish payment terms using net, calendar and prox terms rules. Individual GL accounts can be marked inactive to prevent journal entries being made against them. ALERE does this by placing an emphasis on the details that make day-to-day activities run smoothly. Optionally hide the costs of line items during order entry. Not having to rely on highly trained staff to enter the orders is also beneficial. Use Bank Transactions to do deposits and withdrawals, post interest and credits, record bank fees, void checks, and handle returned checks. Now that you have a solid foundation of basic accounting terms, youre ready to start on your path to entering the field. A schedule of payment dates may be defined. Set Bill To, Ship To, Remit To, or PO To options for each company location. 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