At key points in the sales and purchasing processes, emails can be auto-generated and a PDF of the accompanying document attached and sent based on a set of user defined rules. 06.27.2022. Extensive reporting includes As of reports and a custom financial report generator. Remote Terminal Services easily provides access to desktop and mobile devices. TIW has been a valued partner over the past 15 years and the ALERE product has been an integral part of our business success. L - Liabilities. We decided that ALERE Accounting and ALERE Manufacturing were the best fit for us. An alphanumeric chart of accounts up to 24 characters wide and six user defined segments is used. Critical financial reports are always available and up to date. A returned check reopens an invoice just as if the payments had never been received. Knowing how to talk the talk will allow you to focus less on accounting definitions and more on the important training youll need to launch a successful accounting career. Quotes are issued, turned into sales orders, released as invoices, and payments received and posted, all from one central screen. Convert a net negative order to a debit memo. Distribute the GL effects of an inventory adjustment over a range of accounts. The deferred money is usually not subject to tax until it is withdrawn; however, an employee with a Roth 401K can make contributions after taxes. Are there SBT Pro and VisionPoint Conversions. 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. 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 Track and report manufacturing processes with handheld or wedge scanners. This means: Modifiability The state-of-the-art architecture of ALERE is SQL compliant, uses object oriented programming (OOP), and is table driven. Cash orders produce instant invoices and receipt of payment. The result is often expressed as a percentage. Assign individual GL account numbers to each tax rate. The name describes the heart of accounting. Working capital is calculated by taking your current assets subtracted from current liabilitiesbasically the money or assets an organization can put to work. Multiple warehouses are supported by location as follows: Assign items a list of suppliers and locations that are supported as follows: Drill down on inventory allocations and on order quantities to see a listing of the documents making up the numbers. Rasmussen University is not enrolling students in your state at this time. Orders without activity may be voided. Define separate GL accounts to support finance charges and late fees. The . ALERE features unrivaled manufacturing, inventory management, and accounting toolsets, backed by a robust reporting engine, allowing the system to be readily . 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. Drill up from journal entries to the originating document. Each company location can be assigned a default currency to use. Any one currency may be established as the base currency. The support I get from TIW - I don't even have another company I can compare it to in any field. The Purchases Module is responsible for all purchasing functions, from entering a purchase order, through receiving and releasing to accounts payable, to approving and making payments. Typically, we have financial statements completed by 10:00 AM on the 1st for the previous month. The configurations of similar finished goods can be copied to speed up the process of creating them. A Data Dictionary lists and details all tables and reports to assist with modifications to the software. The reports can also provide information on the status of pending or unshipped orders. A library of instructional videos is embedded within the manual and readily available through the website. Groups of rules can be defined and assigned to individual companies to manage the process. There is support for a multi-tier split commission structure which permits manager commissions to be based on the sales of subordinates. 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. 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. 6:08 pm. ALERE is designed, first and foremost, with the user in mind. Scrub typhus, caused by Orientia tsutsugamushi, is an important and neglected vector-borne zoonotic disease with an expanding known distribution. 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 . Sales order configuration is integrated into the order entry process. EDITORS NOTE: This article was originally published in February, 2013. When using thedouble-entry accounting methodthere will be two recorded entries for every transaction: A credit and a debit. Colorful 2D or 3D charts show trends in rate changes in days, weeks, months or years. 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. Why ALERE? ALERE stands for Assets, Liabilities, Equity, Revenue, and Expenses. Orders can be shipped and not invoiced or shipped and invoiced. 07.11.2022, Carrie Mesrobian | Apply debit memos to invoices or auto convert them to a receivable or cash. The key features are. In addition, TIW Development will provide fixed price quotes for companies that would prefer that the Factory perform the modification work. Of course, recent change from ALERE v14 to ALERE v15 introduced multi line customer's and supplier's addresses but 3-4 hours of custom forms changes - cosmetics - and on the new version with some 50+ improvements, new document management features , better service tickets and dispatching. Credit means to put an entry on the right side of the account. A Refer To option on the sales order supports a third party. Not us working for the software. TIW can provide teams to handle an implementation on a fixed cost basis for companies that so desire. One single screen handles all default general ledger accounts which greatly simplifies the management of these accounts. It's time to roll up those sleeves and start building your accounting vocabulary. The ROI is calculated by dividing the net profit by the cost of the investment. Etc. The number of periods in the future that can accept journal entries can be set from 0 to 99. Five users come with ALERE and may be expanded in increments of five. Rasmussen University is accredited by the Higher Learning Commission, an institutional accreditation agency recognized by the U.S. Department of Education. Today we tackle depreciation and amortization, and we discuss fixed assets. Each column is a field, function or a user-definable field in the table. An Honest Answer. Please visit www.rasmussen.edu/degrees for a list of programs offered. Compare actual versus budget for any range of dates. Set up conversion tables that allow the system to automatically convert one unit of measure to another. A formula based manufacturing application developed and implemented by BatchMaster Software. The cornerstone of ALERE is its broad range and depth of accounting features that make it extremely appealing to a wide variety of businesses. Offset AR invoices, credit memos, debit memos, and AP invoices. Compound finance charges when they are generated. ALERE does this by placing an emphasis on the details that make day-to-day activities run smoothly. That means that Technical Support and new versions are included. Convert quotes, blanket, and recurring orders to sales orders or directly to invoices. Concepts Accounting Single Point Entry Enter a company into ALERE and never have to enter the same information again. Accounting and Auditing: What's the Difference? The Inventory Module is responsible for all activities related to managing inventory. 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. Limited liability company (LLC) definition:An LLC is a corporate structure where members cannot be held accountable for the companys debts or liabilities. An on-premise discrete manufacturing ERP software from FUJITSU. 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. Accept sales order prepayments, non-invoice receipts and customer on account payments. Nov 10, 2018 28:00. ALERE manages this data through archiving, which is a fundamentally different process than backing up data. 4. Warranty, testing activities, and recurring work under service plans are all supported. A Price Group field allows items to be assigned special pricing rules, such as belonging to a group that is on sale this week. Cost of goods sold (COGS) definition:The direct expenses related to producing the goods sold by a business. Up to 99 periods in a fiscal year are supported with starting and ending dates for each period. Massive batch transactions that risk network integrity and cripple multi-user speed are eliminated. Get started with a list of general abbreviations for accounting. Features and options for an item are chosen as it is being entered on the order. A detailed note can be added to each journal entry to allow for better documentation. Journal entries are flexible and allow the addition of notes for detailed documentation. Alere Accounting Software Alere ERP Accounting Modules Manager ERP software is, by its nature, a large and complex program with many moving parts. 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. Expenses (FE, VE, AE, OE) definition:The fixed, variable, accrued or day-to-day costs that a business may incur through its operations. View anticipated inventory movement on the Future Activity screen with drill down to the documents that will generate the activity. Mark pricing rules as either Active or Inactive. Both the A/R Receivables and A/P Payables reports have options to be run for specific currencies. Unlimited locations and contact information are supported for each company. Start an internal requisition order with a list of items to be purchased and send that request to the purchasing department. A history of rate changes is kept and provides an overview of how those rates change over time. There is one central file for the creation and maintenance of system-wide codes like units of measure, price groups, product classes, etc. 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. Companies and prospects are maintained in separate files, making it easier to manage email and direct mail marketing campaigns. Email: info@tiwcorp.com Produce As Of inventory reports for any date or range of items. 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. Similar configurations from previous or current sales orders can be located, copied into an order and edited. 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. 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. 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. One code base is used for both the LAN and Client Server (SQL) platforms, LAN based companies in ALERE can be run concurrently, from the same company menu, as SQL based companies, Long lists to be easily viewed and searched, Easy side-by-side screen data comparisons, Screen sizes to be preset for each user with a simple modification requiring no code changes, Work on multiple documents in one or more modules at the same time, Interrupt work on one screen without closing it to complete another task, Open other screens that have supporting information, Eliminate the need to open and close modules constantly, Allows a large amount of data to be quickly viewed, Can be resized to see more lines and columns, Can have the columns resized and reordered in ascending or descending order, Will jump to the first record matching the characters entered, Uses relational logic to create powerful filters, Will display filtered records as a group or within the context of the entire table, Can be modified and saved for a specific user, Screens and field names unique to their business, Has filters that control the amount and type of activity displayed, Provides a way to tie together related information, Supports drill down to specific data or documents, Data sorts by the columns that are displayed, The base price of the item with the options selected with the matching prices, The default price of the item with the modifications and the price for those modifications, List the journal entries for a specific account and date ranges, Shows the key financial reports that need to be printed, Identifies which reports need to be reprinted due to prior period or year postings, Lists which periods or years have been closed, Individual customers, sales group, or for all customers, Items, groups of items, or an individual item, As distributions to inventory adjustments, Auto reverse the positions of debits and credits, Load predefined account distribution templates, Store unlimited notes that can be added or edited, even after the posting is accepted, Selling unit of measure and conversion factor, Safety stock, lead time, minimum order and order increment, Sales order and work allocation quantities, Purchase order and work order on order quantities, Purchase unit of measure with conversion factor, Lead time, minimum order and order increment, Move inventory from one company location to another, Ship the orders individually or use a mass shipping function, Receive the orders individually or use a mass receiving function, Track the value of the orders to a GL account, Ship and receive in one step to expedite the process, Handle increases in inventory due to physical counts or other reasons, Handle reductions in inventory due to physical counts or other reasons, Set on hand inventory counts, prices, standard costs and average costs, Calculate values based on the average cost for the date given, Be filtered for a range of items, a product class or an item type, Be ordered by item, location or product class.
