Balance processor for automated accounting system employing merging and consistency checks
First Claim
1. A automated accounting method, comprising:
- generating primary accounting objects from a subset of firm accounting objects, the primary accounting objects generating a complete accounting environment of a firm, generating secondary accounting objects from another subset of firm stored accounting objects, the secondary accounting representing an incomplete accounting environment of the firm, thereafter, copying select key figures from the primary accounting objects to the secondary accounting objects, wherein the secondary accounting objects represent a complete accounting environment of the firm upon conclusion of the copying.
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Abstract
A balance processor is provided in an automated multi-protocol accounting system. Given accounting objects generated according to a first accounting system, the balance processor generates new accounting objects that represent underlying transactions according to requirements of a second accounting system. This permits the system to reuse the first accounting system as much as possible. A financial system generates accounting objects for both primary and secondary accounting systems. The accounting objects for the secondary accounting system are incomplete. The business transactions refer to a small portion of the accounting objects (typically, about 10%) where the book values differ among the different accounting systems. Additional key figures for the secondary accounting objects are copied from corresponding primary accounting objects based on copy rules. The present invention relieves the system operators from providing fully capable accounting analyzers for the secondary accounting system. It also relieves an automated accounting system from having to survey a database of financial transactions, which can contain several hundred thousand or even millions of transaction records, and generate complete accounting records according to the second accounting system.
27 Citations
36 Claims
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1. A automated accounting method, comprising:
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generating primary accounting objects from a subset of firm accounting objects, the primary accounting objects generating a complete accounting environment of a firm, generating secondary accounting objects from another subset of firm stored accounting objects, the secondary accounting representing an incomplete accounting environment of the firm, thereafter, copying select key figures from the primary accounting objects to the secondary accounting objects, wherein the secondary accounting objects represent a complete accounting environment of the firm upon conclusion of the copying. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A consistency check method for an automated accounting system, comprising:
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generating primary accounting objects representing firm transactions according to a first accounting system, the primary accounting objects representing a complete accounting environment, generating secondary accounting objects representing the firm transactions according to a second accounting system, the secondary accounting objects representing an incomplete accounting environment, supplementing the secondary accounting objects by copying key figures from corresponding primary accounting objects, wherein the supplemented accounting objects represent a complete accounting environment, summing key figures for the primary accounting objects and for the corresponding secondary accounting objects, and if a differential exists between the sums, based on a magnitude of the differential, generating an error message. - View Dependent Claims (10, 11, 12, 13, 14)
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15. A financial management system comprising:
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a financial database storing accounting objects representative of financial operations and balances of a firm, a first accounting analyzer to compute primary accounting objects from a subset of the stored accounting objects, the primary accounting objects generating a complete accounting environment of the firm, a second accounting analyzer to compute secondary accounting objects from another subset of the stored accounting objects, the secondary accounting representing an incomplete accounting environment of the firm, a balance processor, coupled to the first and second accounting analyzers, to copy select key figures from the primary accounting objects to the secondary accounting objects, wherein the secondary accounting objects represent a complete accounting environment of the firm upon conclusion of the balance processor'"'"'s copying. - View Dependent Claims (16, 17, 18, 19, 20, 21)
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22. A financial management system comprising:
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a financial database storing accounting objects representative of financial operations and balances of a firm, a first accounting analyzer to compute primary accounting objects from a subset of the stored accounting objects, the primary accounting objects generating a complete accounting environment of the firm, a second accounting analyzer to compute secondary accounting objects from another subset of the stored accounting objects, the secondary accounting representing an incomplete accounting environment of the firm, and a balance processor, coupled to the first and second accounting analyzers, to copy select key figures from the primary accounting objects to the secondary accounting objects, wherein the secondary accounting objects represent a complete accounting environment of the firm upon conclusion of the balance processor'"'"'s copying and to perform a consistency check to determine whether the primary accounting objects and corresponding secondary accounting objects are balanced.
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23. A computer readable medium having stored thereon program instructions that, when executed, cause an executing device to:
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generate primary accounting objects from a subset of firm accounting objects, the primary accounting objects generating a complete accounting environment of a firm, generate secondary accounting objects from another subset of firm stored accounting objects, the secondary accounting representing an incomplete accounting environment of the firm, thereafter, copy select key figures from the primary accounting objects to the secondary accounting objects, wherein the secondary accounting objects represent a complete accounting environment of the firm upon conclusion of the copying. - View Dependent Claims (24, 25, 26, 27, 28, 29)
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30. A computer readable medium having stored thereon program instructions that, when executed, cause an executing device to:
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generate primary accounting objects representing firm transactions according to a first accounting system, the primary accounting objects representing a complete accounting environment, generate secondary accounting objects representing the firm transactions according to a second accounting system, the secondary accounting objects representing an incomplete accounting environment, supplement the secondary accounting objects by copying key figures from corresponding primary accounting objects, wherein the supplemented accounting objects represent a complete accounting environment, sum key figures for the primary accounting objects and for the corresponding secondary accounting objects, and if a differential exists between the sums, based on a magnitude of the differential, generate an error message.
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- 31. The medium of claim 31, wherein the instructions cause the device to identify copied key figures by copy rules that match characteristic information of the respective secondary accounting object.
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36. A method to calculate cumulated profit difference key figure, comprising:
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from a plurality of pairs of primary and secondary accounting objects, each of the accounting objects representing financial positions of a transaction according to a respective accounting system, generating incremental actual profit difference key figure, aggregating the incremental actual profit difference key figures across a determine time period to generate the cumulated profit difference key figure.
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Specification