Automated accounting system

• US 20020032625A1
• Filed: 10/11/2001
• Published: 03/14/2002
• Est. Priority Date: 09/28/1994
• Status: Abandoned Application

• Current Assignee: Noah Systems Incorporated
• Original Assignee: Noah Systems Incorporated
• Inventors: Brown, Gordon T.
• Application Number:
  US09/975,457
• Publication Number:
  US 20020032625A1
• Time in Patent Office: Days
• US Class Current: 705/30
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: G06Q 40/128 Check-book balancing, updating or printing arrangements

Abstract

An automated accounting system for an entity, such as an individual or business is provided in which at least one file is established for the entity and a plurality of data inputs are provided to the file. The data inputs include electronically recorded transactions made between the entity and other entities. Access is provided to the file for agents of the entity so that one of the agents can perform one or more activities related to the data inputs such as entering, deleting, reviewing, adjusting and processing.

Claims

1. A method of providing an automated accounting system for a first entity such as an individual or a business, said method comprising:

establishing at least one file for said first entity;

providing a plurality of data inputs to said file, said data inputs including electronically recorded financial transactions made between said first entity and other entities; and

providing access to said file for agents of said first entity so that one of said agents can perform one or more activities selected from the group consisting of entering, deleting, reviewing, adjusting, and processing said data inputs.

2. The method of claim 1, including

entering into said file information regarding said first entity.

3. The method of claim 2, wherein

said information includes beginning balances for income, expenses, assets, liabilities, bank accounts and the like.

4. The method of claim 3, including

entering into said file coding information appropriate to said first entity.

5. The method of claim 1, including

providing said first entity and said agents a passcode to permit access to said file.

6. The method of claim 1, including

providing a subsidiary ledger for each of said other entities;

and

transferring selected subsidiary ledgers from said other entities to said file.

7. The method of claim 6, including

providing access to said subsidiary ledger for agents of said first entity, whereby said agent can perform one or more activities selected from the group consisting of entering, deleting, reviewing, adjusting and processing said data inputs in said selected subsidiary ledgers.

8. The method of claim 1, including

coding said data inputs.

9. The method of claim 8, including

coding said data inputs before said data inputs are provided to said file.

10. The method of claim 8, including

coding said data inputs when said financial transaction is recorded.

11. The method of claim 8, including

coding said data inputs after said data inputs are provided to said file.

12. The method of claim 8, including

changing said coding of said data inputs after said data input has been coded and provided to said file.

13. The method of claim 8, including

said coding comprises entering accounting codes and financial transaction codes into said file.

14. The method of claim 1, including

providing a funds transfer facility to facilitate transfer of funds to and from said first entity and other entities.

15. The method of claim 14, including

employing said funds transfer facility to receive an instruction to transfer funds;

and

transferring funds from said first entity to said other entity based on said instruction.

16. The method of claim 14, including

employing said funds transfer facility to transmit data related to said transfer of funds.

17. The method of claim 14, including

employing said funds transfer facility to adjust current records.

18. The method of claim 14, including

employing said funds transfer facility to adjust future action.

19. The method of claim 1, including

employing said data inputs to generate at least one accounting statement.

20. The method of claim 19, including

providing said accounting statements to said first entity.

21. An automated accounting system for a first entity such as an individual or a business, said system comprising:

a first computer having at least one file;

a second computer for receiving data inputs, said data inputs including electronically recorded financial transactions made between said first entity and a second entity;

first communication means for transferring said data inputs from said second computer to said file of said first computer; and

means for providing access to said file of said first computer for agents of said first entity so that one of said agents can perform one or more activities selected from the group consisting of entering, deleting, reviewing, adjusting and processing said data inputs.

22. The system of claim 21, wherein

said first computer has means for generating at least one accounting report from said data inputs.

23. The system of claim 21, including

a first said file in said first computer for receiving accrual accounting data inputs;

and

a second said file in said first computer for receiving cash accounting data inputs.

24. The system of claim 21, including

means for transferring funds from said first entity to said second entity.

25. The system of claim 21, including

said second computer has means for electronically recording, collecting, processing, storing and transmitting said financial transactions.

26. The system of claim 21, including

said first computer is a personal computer or a telephone computer.

27. The system of claim 21, including

said second computer is a personal computer.