Bills scanner and financial organizer

• US 20020101626A1
• Filed: 01/24/2002
• Published: 08/01/2002
• Est. Priority Date: 02/01/2001
• Status: Active Grant

• Current Assignee: Bright Capture LLC (Jeffrey M. Gross)
• Original Assignee: Kris Engineering, Inc.
• Inventors: Pandipati, Radha K. C.
• Granted Patent: US 7,746,510 B2
• Time in Patent Office: Days
• US Class Current: 358/505
• 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 40/128 Check-book balancing, updating or printing arrangements
• CPC Class Codes: G06T 11/60 Editing figures and text; Combining figures or text
• CPC Class Codes: H04N 1/00204 with a digital computer or a digital computer system, e.g. an internet server programmed control between transmitter and receiver or between image input and image output device H04N1/32561
• CPC Class Codes: H04N 1/04 Scanning arrangements , i.e. arrangements for the displacement of active reading or reproducing elements relative to the original or reproducing medium, or vice versaH04N1/387 takes precedence
• CPC Class Codes: H04N 1/387 Composing, repositioning or otherwise geometrically modifying originals
• CPC Class Codes: H04N 1/3871 the composed originals being of different kinds, e.g. low- and high-resolution originals

Abstract

The system contains a scanner, an apparatus for scanning bills into a computer and an unique software program which automatically organizes all the information that can be viewed in various formats, namely, tabular statements, pie-charts, etc. The scanner which accommodates paper of differing sizes will be used to input bills, receipts, bank statements, etc. Scanner is usually connected to a computer through a Universal Serial Bus or pass-thru parallel port for easy installation. The software program creates a text file of the scanned data by inclusion of sorting, categories, etc and automatically saves the information in Quicken Interchange Format, allowing it to be imported into any financial management software for further processing. Each bill will be turned into an individual transaction. Multiple items in the bill will be used to create a “split” transaction with proper customizable categories added. Further, the software also allows for record keeping, budgeting and reconciliation.

Claims

1. An apparatus to scan bills with a unique software which automatically organizes all the information from the scanned bills:

2. An apparatus as claimed in claim 1, where the scanner is connected to a computer through a USB port or pass thru parallel port and the unique software program loaded into the program.

3. An apparatus as claimed in claim 1, where as the bills are being scanned all the information from the scanned bills is automatically entered into the computer;

4. An apparatus as claimed in claim 1, wherein the unique software program processes all the information and organizes it;

5. An apparatus as claimed in claim 1, wherein the organized data can be viewed as tabular form or pie-chart form;

6. An apparatus as claimed in claim 1, wherein the tabular data formats include income-expense reports, expenses versus planned budget, and list of all expenses grouped under various categories;

7. An apparatus as claimed in claim 1, wherein the apparatus allows editing the information from the scanned bills;

8. An apparatus as claimed in claim 1, wherein the apparatus automatically saves the information scanned from the bills in the Quicken Interchange Format, allowing it to be imported by any financial management program like Quicken, Money, etc;

9. An apparatus as claimed in claim 1, wherein each scanned bill will be turned into an individual transaction;

10. An apparatus as claimed in claim 9, wherein the multiple items in the bill will be used to create a “

split”

transaction with proper customizable categories.

11. An apparatus as claimed in claim 1, wherein the software allows for record keeping, budgeting and reconciliation.