Accounting (ACCG) definition:A systematic way of recording and reporting financial transactions for a business or organization. A GL Posting tab on each order displays in real time the general ledger postings generated by the order. A Price Group field allows items to be assigned special pricing rules, such as belonging to a group that is on sale this week. An investor, whether an individual, company, municipality or government, loans money to an entity with the promise of receiving their money back plus interest. Talk with an admissions advisor today. Not us working for the software. That means that Technical Support and new versions are included. A GL journal entry is completely accomplished using only one screen. L - Liabilities. Rasmussen University does not guarantee, approve, control, or specifically endorse the information or products available on websites linked to, and is not endorsed by website owners, authors and/or organizations referenced. Rasmussen University is not enrolling students in your state at this time. Since dependency, where one decisions leads to subsequent choices, can be multiple levels deep, even the most complex products are completely supported. The parts of ALERE software that we like most are: the traceability between transactions, product costing and the ability to integrate ALERE with other software we use. Everything from keeping track of complex inventories, processing customer orders and managing payables, to providing sophisticated general ledger financial controls. There is an error in email. The Inventory Module is responsible for all activities related to managing inventory. Rasmussen University is not regulated by the Texas Workforce Commission. Global codes, such as units of measure and product classes, are maintained in one location. The STANDS4 Network. ALERE provides all the tools that a company may need to manage their business from one vendor, TIW Technology, Inc. Each column is a field, function or a user-definable field in the table. He is involved in the review of investment valuations and key assumptions used for budgeting and forecasting. A Data Dictionary lists and details all tables and reports to assist with modifications to the software. An owners equity is typically explained in terms of the percentage of stock a person has ownership interest in the company. Accept sales order prepayments, non-invoice receipts and customer on account payments. a unique order number sequence. Financial information can be exported to F9 Financial Reporter for further analysis or for budgeting purposes. 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. An Activity tab on each order permits all related activity to be viewed with drill down. Specifically allocate lot, trait and serial numbered items. New items added to inventory can optionally be established for one or for all locations. Orders for kits generate picking tickets for either the complete kits if they are in stock, or for the components that make up the kits. Return orders provide an easy way to ship items back to a supplier by producing pick tickets and tracking. The program you have selected is not available in your ZIP code. ALERE is ERP software designed to manage a company's financial, CRM, Manufacturing, Service, and Data Acquisition requirements. Inventory can be stored at location, store and bin with extensive lot, serial, and trait traceability as needed for each item. Debit (DR) definition:An accounting entry where there is either anincreasein assets or adecreasein liabilities on a company's balance sheet. I value the development tools and the ability to customize reports, menus, screens and code. Information for all companies is kept in a single file making it easy to move and copy. The . Washington D.C., Sept. 28, 2017 . Use a grid-based order entry screen to speed up order taking with a heads-down keyboard oriented approach. Auto number orders or enter them manually. Assign expiration dates to orders. Create budget templates from actual data and maintain multiple budgets for what if analysis. Each line on a purchase order can also accomodate the placing of an order, controlling the return of items, and recording credit all within one document. Use an Explorer-like interface, called Treevision to drill down to sales information and even right to the actual orders. For example, enter a customers PO number and click on Order by Customer PO to find the matching sales order. Mark items as any mix of purchased, manufactured, component, sellable, stocking, drop shipped, and taxable. The SOC will determine the correct finished good item number to use based on the configuration that was entered. Fill out the form to receive information about: There are some errors in the form. Test pricing rules before they are released. An on-premise discrete manufacturing ERP software from FUJITSU. The Sales module can also secure an order, accept returned items, and provide credit all from within one document. Your presence in the cloud may consist of a web site, catalogs, and perhaps an online store. Auto convert quotes and recurring orders to purchase orders or payables. Net income (NI) definition:A company's total earnings, also called net profit. Present value (PV) definition:The current value of a future sum of money based on a specific rate of return. Return on investment (ROI) definition:A measure used to evaluate the financial performance relative to the amount of money that was invested. Change purchase order line item unit costs right up to their release. Rules may be established for any combination of. Simply enter what you are searching for and click the matching link on the list. 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. What is ALERE? At the same time, the kit is placed on order in inventory. 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. Customers and suppliers may be assigned currency codes. Kitting in ALERE far exceeds what is commonly considered standard kitting capabilities. Making and receiving payments using a foreign currency is supported. 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. Quickly and accurately scan items for sales orders, for shipping and receiving inventory, for doing physical inventory counts, and for time and attendance! Separate rates for selling and buying are supported to provide flexibility for your buying and selling functions. A schedule of payment dates may be defined. The ROI is calculated by dividing the net profit by the cost of the investment. Selecting from the list enters the choice. Receive payments by company and location. Create or edit a quote, purchase order, return order, or a recurring order from one screen. Special general ledger accounts are used to post variances due to currency fluctuations when making purchases or sales. Separate GL accounts track outbound sales and inbound purchases. The Language Settings feature permits menus, screens, and even different languages to be customized on a user by user basis. Prospects, customers, suppliers and their respective contacts are kept in one spot, providing critical information needed to manage relationships. View GL postings made by the bank transactions as they occur. PBC. The reports can also provide information on the status of pending or unshipped orders. Auto reversing transactions allow the user to select the date/period that the reversing entry will occur. Inventory - INV: Accounts payable (AP) definition:The amount of money a company owes creditors (suppliers, etc.) on EASTON, PA - May, 2011- TIW Technology, is pleased to announce. You can create and execute email and direct mail campaigns with it. An alphanumeric chart of accounts up to 24 characters wide and six user defined segments is used. The key features are. Each user can have their own unique environment created for them, such as menus, language, etc. In this episode, we briefly discuss each type of account in accounting: Assets, Liabilities, Equity, Revenue, and Expenses. Companies may be marked active or inactive to control their use. Login . See an example here. Received without being released as a payable. One screen handles the approval of payables for payment and the printing of checks. Similar configurations from previous or current sales orders can be located, copied into an order and edited. Periods are automatically closed, which eliminates costly batch closings that interrupt business activities. Each line item has a Line note which is printed on order reports that the customer receives. Furthermore, the ALERE manual is being constantly upgraded and improved and is available for downloading from the TIW web site. Load predefined comments and place them on orders. Best of all, the cost is based on the number of modules purchased - not the number of users! Produce As Of inventory reports for any date or range of items. Assign a GL Group to each line item that contains the GL accounts to use as a Pending order with full editing rights. Fixed commissions can be generated based on the achievement of sales goal such as revenue, margin, or quantity of items sold. Check out these basicaccountingdefinitions and start to commit them to memory. E - Expenses. Payment terms, tax tables and units of measure conversions are also maintained. Assign unique stocking units of measure for each item. Alere's publisher, TIW Corp, has provided superb customer service, both to our company as well as directly to our clients. JX Nippon Mining & Metals needed a solution that could meet the needs of our fast moving manufacturing environment. Make sure your answer has: There is an error in ZIP code. 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. Return orders place the items on order in inventory and can be shown separately when doing mass receiving. The program you have selected requires a nursing license. Then take a moment to look at our tablet-based Service App. Insolvency definition:A state where an individual or organization can no longer meet financial obligations with lender(s) when their debts come due. 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. A history screen provides an overview of how currency buy and sell rates change over time.Details & Features (372kb), The Mobility module manages interfacing ALERE with mobile devices through the Cloud. Pinpoint your companys critical geographic hot spots with a Location of Sales report. 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. Purchase orders and payables can be saved in a Pending state and later completed and released. Make sure your answer has: There is an error in phone number. Orders may be locked to prevent further processing while still allowing changes to be made. The deferred money is usually not subject to tax until it is withdrawn; however, an employee with a Roth 401K can make contributions after taxes. Key financial numbers can be viewed with one mouse-click. Transfer orders will: Make inventory adjustments for single items or for mass changes. Equity or Owner's Equity - E: The value left for a business after removing all of the liabilities. Net terms set the due date based on the number of days after an invoice date. PO receipts may be reversed on a line-by-line basis. Establish an unlimited number of tax rates for federal, state, county, city, and local sales taxes. Mass receive purchase orders, transfer orders and sales returns. Optional order version control for all orders. Thousands of businesses have come to rely on ERP, accounting, CRM, manufacturing, data acquisition, and mobility solutions from TIW Technology. Reopen closed purchase orders and add line items or receive additional quantities. An example of a long-term liability would be a multi-year mortgage for office space. 769 Youngs Hill RoadEaston, PA 18040, Contacts Scrub typhus, caused by Orientia tsutsugamushi, is an important and neglected vector-borne zoonotic disease with an expanding known distribution. Each company can have a user-defined status such as Dealer, Customer, etc. Filters allow the list of orders to be narrowed and the list of orders may be sorted by value or customer. 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 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 We have a wholly integrated single TIW solution.. 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. It allows us to do forecast sharing with our suppliers. 10 - Depreciation, Amortization, & Fixed Assets. That way, when you start your accounting education journey, youll already feel like youre a step ahead and speaking the language. Budgeting is available native to the chart of accounts or through an unlimited number of spreadsheets for comparative and what-if analysis. Journal entries that are not ready to be released can be saved as pending entries then reviewed and released at a later time. Five users come with ALERE and may be expanded in increments of five. Accounting (ACCG) definition: A systematic way of recording and reporting financial transactions for a business or organization. Information and translations of alere in the most comprehensive dictionary definitions resource on the web. Drill up from journal entries to the originating document. The Configuration Module has built in support for kitting, making it native to the accounting system. Modular choices within modular choices permit the construction of decision trees with dependency rules. A traditional IRA allows individuals to direct pre-tax dollars toward investments that can grow tax-deferred, meaning no capital gains or dividend income is taxed until it is withdrawn, and, in most cases, its tax deductible. Pricing rules can be set up using only one screen that will. 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. Accounts payable (AP) Accounts payable (AP) definition: The amount of money a company owes creditors (suppliers, etc.) Track inventory that is in transit with a dedicated default account.Monitor customer and supplier prepayments using separate default accounts. This means: Dynamic Screen Sizing Screens can be resized by dragging the edges with a mouse. Alere Accounting Software Alere ERP Accounting Modules Manager ERP software is, by its nature, a large and complex program with many moving parts. This piece of ad content was created by Rasmussen University to support its educational programs. Received multiple times and summarized on one payable. Different Remit To, PO To, Ship To, and Refer To combinations. There is support for a multi-tier split commission structure which permits manager commissions to be based on the sales of subordinates. The initial and ongoing costs for ALERE are surprising affordable and well within the budget for even small operations. The burden and costs associated with period closings are eliminated since ALERE operates in real-time, making closings automatic. 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. ALORE is defined as Asset, Liability, Owner's Equity, Revenue, Expense (general ledger accounting) very rarely. Turn a credit memo into a payable with a click of the button. Email: info@tiwcorp.com A GL Group, which contains the GL accounts to use, can be assigned to each line item. Set Bill To, Ship To, Remit To, or PO To options for each company location. There are six different ways of formatting the configuration information on a printed order as. There is no obligation to enroll.This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. Out in a cornfield, roughly 50 miles from Pennsylvania's Lehigh Valley, is a company you just may want to keep your eye on.TIW Technology, or Technology for the Industrial Workplace, is aptly named for its roots in manufacturing, and the story of how it forayed into the accounting software space and created Alere Business Applications reflects the company's mission to create products in . The Configuration Module reports support data mining. The impact of outstanding sales orders, purchase orders, and work orders are clearly shown as part of future activity. Apply debit memos to invoices or auto convert them to a receivable or cash. Here's a simple acronym that I wish I'd known when I was an accounting beginner: D - Drawings. Sales and purchase orders can be displayed in the currency in which they were written or in the base currency of your company. We use ALERE for everything related to accounting and order flow. Unbalanced account distribution templates can be saved so that only the amounts needed to balance the journal entry are required. Entering a finished good item number will automatically fill in the configuration choices that are associated with that finished good. Individual rules can be crafted while still allowing for manual adjustments to the commission amount, bonuses and advances. Present value helps us understand how receiving $100 now is worth more than receiving $100 a year from now, as money in hand now has the ability to be invested at a higher rate of return. The choices for configurations can optionally include prices, available quantities and locations. Stored notes can be added to the email besides being able to enter personalized messages. A strong development program results in regular releases of new versions of ALERE. Use payment terms to control which customers receive statements. New search features Acronym Blog Free tools "AcronymFinder.com. Most importantly, customizations can be easily brought forward to new releases. Save orders in an incomplete or Pending state without releasing them for processing. Review inventory movement on the Log of Activity screen with drill down to the source documents. It's time to roll up those sleeves and start building your accounting vocabulary. Payment terms for customers may be overridden. When a user logs in they can have, Activity Tabs Most screens that have processes in ALERE have an Activity tab. TIW can provide teams to handle an implementation on a fixed cost basis for companies that so desire. Item numbers are fifteen spaces wide and alphanumeric. Each document contains a complete history of its life accompanied by all the associated general ledger postings that were generated. For companies using ALERE Manufacturing, kits and their components are included in the MRP (materials requirements planning) process. The rules-based system contained in the SOC provides support for complex orders and ensures the correct configuration of products, which results in inventory savings and the best use of staff time. PDF Reports - Every report in ALERE can be turned into a PDF file to make it easy to share and add email. Orders may be received one at a time or mass received. This means: Modifiability The state-of-the-art architecture of ALERE is SQL compliant, uses object oriented programming (OOP), and is table driven. However, some debits increase and some debits decrease. Expenses (FE, VE, AE, OE) definition:The fixed, variable, accrued or day-to-day costs that a business may incur through its operations. Working capital is calculated by taking your current assets subtracted from current liabilitiesbasically the money or assets an organization can put to work. By selecting "Submit," I authorize Rasmussen University to contact me by email, phone or text message at the number provided. The full range of sales, receivables, purchases, payables, inventory and general ledger is exquisitely incorporated. Search for Abbreviations containing the term alere; 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. And they are extremely responsive.. Everything to do with creating inventory items, mass shipping orders, mass receiving orders, transferring inventory, physical inventory, and adjustments to inventory is handled by this module. This is combined with setting baseline amounts, goals, and cap amounts. 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. Why ALERE? Each line item has a Line note which is printed on the purchase order that the supplier receives. Liabilities (current and long-term) definition:A company's debts or financial obligations incurred during business operations. Dated Income Statement comparison report can be run for any two ranges of dates. Print inventory sheets to assist physical counts. 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. Their annual software maintenance is one . Journal entries will. Lots that fail may not be shipped. Make sure your answer has only 5 digits. So, the user interface is rich and powerful, and all modules utilize that same interface. Mark individual line items on a purchase order as a Purchase, Return or Credit. FOR IMMEDIATE RELEASE2017-178. Assign AR/cash receipts to Bank Deposit IDs where deposits can be managed and bank deposit tickets printed. A Data Gateway provides central access to any designated browser. This means that information on how many times a particular option was chosen, by whom and for what product is readily available. This definition appears very rarely and is found in the following Acronym Finder categories: Business, finance, etc. 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. We decided that ALERE Accounting and ALERE Manufacturing were the best fit for us. One single screen handles all default general ledger accounts which greatly simplifies the management of these accounts. ALERE stands for Assets, Liabilities, Equity, Revenue, and Expenses. Create single purpose apps with online links with laptops and tablets. Email, view or print orders. An unlimited number of individual companies are supported. Daniel joined Alere in October 2020. 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. 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. In addition, TIW Development will provide fixed price quotes for companies that would prefer that the Factory perform the modification work. To date, thousands of companies of all sizes, including some of the largest in the world, have made the decision to use ALERE. The reconstruction of past data based on an As Of Date. A lot can be assigned an expiration date. Associate two images in BMP, GIF, JPG or ICO formats to each item. Activities like processing a prepayment or handling a return are done quickly, logically and with a minimum number of steps. Automatically apply sales order prepayments when matching invoices are created. It seems every industry has its own secret language. Line items on sales orders may be. Rules can be created that will filter certain financial reports based on individual GL accounts and/or account ranges. Received but unbilled purchase orders can be closed with the Done button. Assign a GL Group to each line item that contains the GL accounts to use. Language Sets Language sets allow you to customize menus, screens and even have different languages on a user-by-user basis. Released as a payable without being received. Track and report manufacturing processes with handheld or wedge scanners. Dated Income Statements can be run for any range of dates, which permits daily, weekly, quarterly, semiannual and multi-year statements to be produced. HIV positive patients with D4 count 350 cells/mm3 (according to the Alere PIMA D4 point of care system) 2. Individual retirement account (IRA) definition:IRAs are savings vehicles for retirement. The key features are. The General Ledger Module is responsible for all activities related to managing the general ledger. 6:08 pm. Handle mass shipping of sales orders, transfer orders and purchase returns in any combination. Orders can be copied and modified. The difference in value between when an order was taken or placed and the current value based on rate changes can be displayed. 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. The time during which prior period postings can be accepted before a password is required can be set from 0 to 999 days. Additionally, some employers choose to match the contributions made by their employees up to a certain percentage. 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. The Purchases module increases purchasing staff efficency by handling recurring orders, batch accepting of orders, mass payments, automatic emailing notifications and orders.Details & Features (780kb), Inventory is at the heart of many companies and managing it is a strong-point of ALERE. 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. An Honest Answer. TIW has been a valued partner over the past 15 years and the ALERE product has been an integral part of our business success. 769 Youngs Hill RoadEaston, PA 18040, Contacts Phone: 610-258-5161. Assign a Release Group ID to recurring orders that allows those orders to be mass released as a group. Customer and supplier part numbers can be used interchangeably, smoothing the order and purchasing processes. Link/Page Citation Groups of rules can be defined and assigned to individual companies to manage the process.

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