The DEALER Method: The Hack to Make Sure You Never Forget. I value the development tools and the ability to customize reports, menus, screens and code. Approve and make payments by company and location. Change purchasing u/m on a line item using a conversion factor. That way, when you start your accounting education journey, youll already feel like youre a step ahead and speaking the language. 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. An unlimited number of individual companies are supported. When using thedouble-entry accounting methodthere will be two recorded entries for every transaction: A credit and a debit. In addition to allowing choices to be made, variable information can be entered using a pop up numeric keypad. Copy and restart voided orders. Printer friendly. The initial and ongoing costs for ALERE are surprising affordable and well within the budget for even small operations. Payments can be accepted or made in either the foreign currency or the base currency. Search for Abbreviations containing the term alere; Accept and print orders from the entry screen. Why ALERE? Each purchase document contains a complete history of its life accompanied by all the associated general ledger postings that were generated. 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. Each document contains a complete history of its life accompanied by all the associated general ledger postings that were generated. FOR IMMEDIATE RELEASE2017-178. Received but unbilled purchase orders can be closed with the Done button. Create and maintain a chart of accounts using Treevision", an Explorerlike graphical interface. Optional order version control for all orders. Callie is the Content Manager at Collegis Education, overseeing blog content on behalf of Rasmussen University. Enrolled agent (EA) definition:A tax professional who represents taxpayers in matters where they are dealing with the Internal Revenue Service (IRS). Reopen closed periods or fiscal years. The ALERE manual is written in HTML, has both field level and video support, and is accessible to every user by clicking on the "?" Acronym Definition; ALORE: Asset, Liability, Owner's Equity, Revenue, Expense (general ledger accounting) ALERE Accounting contains the features you need to grow your business. Modular (make a choice) and variable (enter a quantity) rules are supported. You as a customer get value. In addition, TIW Development will provide fixed price quotes for companies that would prefer that the Factory perform the modification work. 6. 7. Custom general ledger accounts act as rules for establishing which GL accounts to use for a transaction. 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. Average, Standard, LIFO or FIFO inventory valuations are supported. Pricing rules can be set up using only one screen that will. All GL transactions are posted in real time to the general ledger. Orders may be shipped one at a time or mass shipped. the release of ALERE Accounting v7.0 as the latest addition to the ALERE Business. Use payment terms to control which customers receive statements. Key financial numbers can be viewed with one mouse-click. What Is Forensic Accounting? Expenses (FE, VE, AE, OE) definition:The fixed, variable, accrued or day-to-day costs that a business may incur through its operations. Email - Key Sales and Purchase screens can automatically convert the order into a PDF file and send it via email. EDITORS NOTE: This article was originally published in February, 2013. E - Expenses. Similar configurations from previous or current sales orders can be located, copied into an order and edited. The Configuration Module has built in support for kitting, making it native to the accounting system. In ALERE the Manager module provides a central location for information and services that are used throughout the system. Not us working for the software. ALERE is designed, first and foremost, with the user in mind. Everything from keeping track of complex inventories, processing customer orders and managing payables, to providing sophisticated general ledger financial controls. From inventory receipts, to manufacturing transactions, to shipments and invoicing - we know right up to the minute what has occurred. It provides a dynamic environment where data, not required for the daily operation of a company, is removed and added to a historical copy of the company. Handle mass shipping of sales orders, transfer orders and purchase returns in any combination. Facts for following examples: Asset cost of $85,000, salvage value of $10,000, an. Value Added Tax (VAT) is integrated into the tax tables. Income Statements and Balance Sheets can be run for any period of any year. Receive payments by company and location. in return for goods and/or services they have delivered. Long-term liabilities (LTL) are typically payable over a period of time greater than one year. ALERE stands for Assets, Liabilities, Equity, Revenue, and Expenses. Inventory can be stored at location, store and bin with extensive lot, serial, and trait traceability as needed for each item. 8. The actual cost of a lot can be recorded upon receipt and at the time of issue that cost will be used. Learn more about the road ahead in our article, Your Step-by-Step Guide on How to Become an Accountant. There are six different ways of formatting the configuration information on a printed order as. Select line items and quantities to receive when receiving partial orders. Received multiple times and summarized on one payable. 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. JX Nippon Mining & Metals needed a solution that could meet the needs of our fast moving manufacturing environment. A Period/Year Closing screen summarizes the status of each period and year at a glance and. This website uses cookies to ensure you get the best experience. Inventory - INV: For clients that would like experienced support TIW will provide fixed price quotes for the work. ALERE is an enterprise resource planning (ERP) software that helps businesses in aviation, food and beverages, distribution, apparel, packaging, textile, and other industries handle operations related to order management, job scheduling, inventory tracking, dispatching, and other processes. Reports that are printing multiple documents, a range of sales orders for example, will automatically be converted to multiple PDF files. - 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. PDF Reports - Every report in ALERE can be turned into a PDF file to make it easy to share and add email. Here's a simple acronym that I wish I'd known when I was an accounting beginner: D - Drawings. In addition, ALERE requires little support once installed and implemented. Data for each company is kept in a separate directory and is easily moved or copied. Net income is calculated by subtracting total expenses from total revenues. 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. Typically, we have financial statements completed by 10:00 AM on the 1st for the previous month. HIV positive patients with D4 count 350 cells/mm3 (according to the Alere PIMA D4 point of care system) 2. Reversing entries are controlled manually and the postings can be edited before they are released. Banking activities, including bank reconciliations, are controlled and monitored. What makes ALERE different? Roth IRAs are not tax-deductible; however, eligible distributions are tax-free, so as the money grows, it is not subject to taxes upon withdrawals. The Executive Advisor provides a real time summary of a companys performance. MDI improves work flow by allowing you to: Advanced Browser - Browsers help find a specific record or piece of information. ALERE was first released in 1990 as a manufacturing package. Auto complete orders or hold them open for further work. Best Pharmaceutical Distribution Software, Automatic period closings can save a company thousands of dollars each year in lost time, A real time general ledger allows financial reports to be printed anytime for critical period-to-date or year-to-date information, Most modifications are more quickly and easily done than older source code-only methods, Modifications are portable from one version to another, which saves a company from the expensive and risky process of rewriting code, Screen and report defaults are readily changed and can be set up by user, Sales, invoices, cash receipts, purchases, payables, and inventory are always current as of the last transaction, Account balances, profitability and cash flow information are always available. A History of Payments report evaluates the payment history of customers and will show the longest, shortest, and average times it takes for them to pay invoices. Password protection privileges include No Access, Password, Unlimited, and Read Only. This permits purchase orders to be closed in the situations where there is no invoice or the invoice is for less than the amount actually received. 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. Orders may be locked to prevent further processing while still allowing changes to be made. General ledger transactions and financial reports are done in the base currency. Scrub typhus, caused by Orientia tsutsugamushi, is an important and neglected vector-borne zoonotic disease with an expanding known distribution. We have a wholly integrated single TIW solution.. Real Time Processing Activities, such as GL journal entries and inventory transactions, take place in real time. 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. Partially or wholly ship line items. Prospects may have any number of quotes submitted, with both prospects and quotes easily converted to company status when purchases are confirmed. It has since been updated. 08.22.2022, Jordan Jantz | The time during which prior period postings can be accepted before a password is required can be set from 0 to 999 days. A full ERP system designed by TIW Technology. All the features and options and how they are related can be viewed at a glance. Automatically apply sales order prepayments when matching invoices are created. Apply credit memos to invoices or auto convert them to a payable. Accept sales order prepayments, non-invoice receipts and customer on account payments. In this episode, we briefly discuss each type of account in accounting: Assets, Liabilities, Equity, Revenue, and Expenses. Change purchase order line item unit costs right up to their release. PBC. Customers and suppliers may be assigned currency codes. Fill out the form to receive information about: There are some errors in the form. Screen and report modification tools are built in and are a standard part of the package. Released as a payable without being received. Use the Activity tab to find the source of documents, such as the quote a sales order came from or the invoice a sales order created. Yes. Specifically allocate lot, trait and serial numbered items. The General Ledger Module is responsible for all activities related to managing the general ledger. Reviewed 3 years ago. For companies using ALERE Manufacturing, kits and their components are included in the MRP (materials requirements planning) process. Link/Page Citation A library of instructional videos is embedded within the manual and readily available through the website. For additional information about Licensing and State Authorization, and State Contact Information for Student Complaints, please see those sections of our catalog. Companies appreciate how modestly priced ALERE is both to purchase and to maintain. This even includes building a kit on-the-fly by choosing the components from a list and entering the quantity required for each. 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. Commission periods can be defined by each sales representative. Rasmussen University may not prepare students for all positions featured within this content. Mass invoicing allows multiple sales orders to be shipped and invoiced from one screen. Assign a GL Group to each line item that contains the GL accounts to use. That means that Technical Support and new versions are included. The . Five users come with ALERE and may be expanded in increments of five. The Analytics module then examines five key areas of this data: customers, suppliers, inventory, general ledger, and lot/serial traceability. Modular choices within modular choices permit the construction of decision trees with dependency rules. Debits and credits mean "left and right". While the Dynamic type conversion frequently requires expert intervention, it nevertheless can handle 80% or better of the upgrade. TIW is entering its thirty-fifth year. Journal entries that are not ready to be released can be saved as pending entries then reviewed and released at a later time. Auto convert return orders to credit memos when they are received. Mass receive purchase orders, transfer orders and sales returns. This also simplifies and speeds up year-end procedures. Web developers capitalize on the Mobility module by using it to both publish and store updated ALERE data in the Cloud. A detailed note can be added to each journal entry to allow for better documentation. During the process of recording a receipt for an invoice, the payment can be automatically applied, starting with the oldest invoice first, until the total payment amount is reached. Features and options for an item are chosen as it is being entered on the order. 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. A schedule of payment dates may be defined. Alere Accounting Software Alere ERP Accounting Modules Manager ERP software is, by its nature, a large and complex program with many moving parts. Filter the list of orders to be shipped for a specific location, a customer, and even a specific customer location. Each line on a requisition can be released to a different supplier as a separate order. Applications family of products. Please select another program or contact an Admissions Advisor (877.530.9600) for help. In 2001, ALERE Accounting was introduced. Filters allow the list of orders to be narrowed and the list of orders may be sorted by value or customer. Convert net negative orders directly to credit memos. Sales order configuration is integrated into the order entry process. Then take a moment to look at our tablet-based Service App. ERP software to support your company's growthAccounting - CRM - Manufacturing - Service - Mobility - Analytics - Document Management - Data Acquisition. Produce consolidated Income and Balance Sheet reports for any combination of companies on demand. 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. It almost seemed like they made it for us. An example of a long-term liability would be a multi-year mortgage for office space. Address Orders may be locked at the order level or the individual line level to prevent further processing while still allowing changes to be made. Components are allocated in real-time when the order for the kit is saved. Each user can have their own unique environment created for them, such as menus, language, etc. 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 Assign each order type (sales orders, invoices, purchase order, return orders, etc.) Set deleted line items to be shown on orders or suppressed. PROS The Bank Reconciliation screen provides a checkbook register-like listing of all transactions that affect the checking accounts. Designed as a general-purpose ERP package, ALERE solves day-to-day usability and data entry issues allowing organizations to efficiently and accurately gather inputs. Making life even easier for modern job shop owners. A practical example of the use for variable information is specifying how many reflectors to put on each bicycle wheel or the number of inches of steel tubing required. 10 - Depreciation, Amortization, & Fixed Assets. Email: info@tiwcorp.com We had a few specialized features that were essential and most of the providers told us they could not meet that need. Reopen closed sales orders and add line items or ship additional quantities. Drill up from journal entries to the originating document. The configurations for items are created and maintained on one single screen using Treevision. Customer and supplier part numbers can be used interchangeably, smoothing the order and purchasing processes. The pricing has always been fair. Assign a GL Group to each line item that contains the GL accounts to use as a Pending order with full editing rights. The support I get from TIW - I don't even have another company I can compare it to in any field. See shipments, returns, payments, and refunds. 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. The journal entry screen has forward and backward buttons to page through transactions. Individual pages may be easily printed; however, the total manual exceeds more than fifty thousand hyperlinked pages that defy printing in whole. Rules can be created that will filter certain financial reports based on individual GL accounts and/or account ranges. Prospects, customers, suppliers and their respective contacts are kept in one spot, providing critical information needed to manage relationships. 10.31.2022, Jordan Jantz | Exchange rates use a straightforward method to allow them to be quickly updated. Debit (DR) definition:An accounting entry where there is either anincreasein assets or adecreasein liabilities on a company's balance sheet. Test pricing rules before they are released. Now that you have a solid foundation of basic accounting terms, youre ready to start on your path to entering the field. The initial and ongoing costs for ALERE are surprising affordable and well within the budget for even small operations. ALERE . 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. Custom general ledger account rules can be tested on a special Inquiry Tab. Active currency rates may be changed until such time as they are used. 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. This piece of ad content was created by Rasmussen University to support its educational programs. Set up locator rules to do searches like finding the nearest stores to a customer. September 28, 2017. Massachusetts-based Alere Inc. will pay more than $13 million to settle charges that it bribed foreign officials and committed accounting fraud to meet revenue targets, the SEC said Thursday. ALERE is ERP software designed to manage a company's financial, CRM, Manufacturing, Service, and Data Acquisition requirements. It's time to roll up those sleeves and start building your accounting vocabulary. Auto convert quotes and recurring orders to purchase orders or payables. Set Bill To, Ship To, Remit To, or PO To options for each company location. Track issues, shipments, receipts, and adjustments on the Activity tab. Investigating This Intriguing Accounting Role, Is Accounting Stressful? The key features are. Accounting (ACCG) definition:A systematic way of recording and reporting financial transactions for a business or organization. Blanket orders can make releases to either a purchase order or directly to a payable. Address Set up tax districts by company location. All done in real-time. Voiding a check allows a payable to be reopened just as if the payment had never been made. Print inventory sheets to assist physical counts. Mass record drop shipments reported by suppliers on one screen designed to handle complete or partial shipments. Generally accepted accounting principles (GAAP) definition:A set ofrules and guidelinesdeveloped by the accounting industry for companies to follow when reporting financial data. 769 Youngs Hill RoadEaston, PA 18040, Contacts An owners equity is typically explained in terms of the percentage of stock a person has ownership interest in the company. Track and report manufacturing processes with handheld or wedge scanners. Choose to ship an item from inventory or have it drop shipped. Kokatat upgraded a legacy business system 15 years ago and chose ALERE. Modify the regular unit price, the discount % and the customer price on each line. At the same time, the kit is placed on order in inventory. 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. The key features are. Companies choose ALERE with the confidence of TIW's more than thirty-five-year track record and a proven reputation for integrity and service excellence in the marketplace. Mark pricing rules as either Active or Inactive. The mass receiving function permits orders to be received completely or partially. Key features are: Quotes, sales orders, sales invoices, return orders, credit memos, blanket orders, and recurring orders are supported. ALERE does this by placing an emphasis on the details that make day-to-day activities run smoothly. Each item can have a default configuration, containing the most common choices from which to start when the item is first entered. 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. 06.27.2022. ALERE provides all the tools that a company may need to manage their business from one vendor, TIW Technology, Inc. Make sure your answer has: There is an error in phone number. Orders can be copied and modified. General ledger (GL) definition:A complete record of the financial transactions over the life of a company. The reports can also provide information on the status of pending or unshipped orders. Orders may be received one at a time or mass received. ALERE jumped right in and customized what was needed to assure those needs were met. Order date verification checks for an acceptable range of dates within which an order can be accepted. Net income (NI) definition:A company's total earnings, also called net profit. You can create and execute email and direct mail campaigns with it. Email, view or print orders. A multi-module management system designed by Infotech Systems for distribution/wholesale trade and manufacturing companies. She is passionate about creating quality resources that empower others to improve their lives through education. The point is that a company can grow with ALERE and never need to move to another package. 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. 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. Group together multiple payments to one supplier on one check or they may be individually selected and printed on a separate check. Massive batch transactions that risk network integrity and cripple multi-user speed are eliminated. Companies may be marked active or inactive to control their use. 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. A browser provides a spreadsheet-like view of a table of information. Phone: 610-258-5161. Assign Item Types to allow items to be categorized by function, such as SHIP for shipping or FIN for finance charges. 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. Fetch can be used even if you are in the middle of doing something else. The choice of a Mens bike provides the second level choices - Mountain or Street. Working capital is calculated by taking your current assets subtracted from current liabilitiesbasically the money or assets an organization can put to work. 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. Email orders and invoices. ALERE is available through a nation-wide Dealer channel that can provide consulting, training, and customization and implementation services. TIW has been a valued partner over the past 15 years and the ALERE product has been an integral part of our business success. An HTML Help manual has support down to the field level for the user. Add shipping charges as orders are shipped. View GL postings made by the bank transactions as they occur. A history of rate changes is kept and provides an overview of how those rates change over time. The ROI is calculated by dividing the net profit by the cost of the investment. EASTON, PA - May, 2011- TIW Technology, is pleased to announce. Compare actual versus budget for any range of dates. Warranty, testing activities, and recurring work under service plans are all supported. The full range of sales, receivables, purchases, payables, inventory and general ledger is exquisitely incorporated. This means: Dynamic Screen Sizing Screens can be resized by dragging the edges with a mouse. Please select another program or contact an Admissions Advisor (877.530.9600) for help. Quotes are issued, turned into sales orders, released as invoices, and payments received and posted, all from one central screen. Compare financial reports for any two periods of any two years. 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. The Configuration Module reports support data mining. Additionally, some employers choose to match the contributions made by their employees up to a certain percentage. Product configurations can be predefined and assigned finished good item numbers. Working with a Valued Added Reseller (VAR), ALERE can be customized and tailored to fit business needs. Their annual software maintenance is one . Create or edit a quote, purchase order, return order, or a recurring order from one screen. Void orders without activity. Credit means to put an entry on the right side of the account. Orders for kits that do not require features and options to be selected are taken without ever seeing the configuration screen. PO receipts may be reversed on a line-by-line basis. Present value (PV) definition:The current value of a future sum of money based on a specific rate of return. Budgeting is available native to the chart of accounts or through an unlimited number of spreadsheets for comparative and what-if analysis. Make sure your answer has only 5 digits. The configurations of similar finished goods can be copied to speed up the process of creating them. 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 ALERE features unrivaled manufacturing, inventory management, and accounting toolsets, backed by a robust reporting engine, allowing the system to be readily . MDI (Multiple Document Interface) --MDI allows multiple screens and modules to be open at the same time. 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. In ALERE the Manager module provides a central location for information and services that are used throughout the system. Mass key changes can be processed by importing an Excel spreadsheet.