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SYSTEM AND METHOD FOR ACCOUNT RECONCILIATION

  • US 20070130027A1
  • Filed: 01/03/2007
  • Published: 06/07/2007
  • Est. Priority Date: 08/25/2000
  • Status: Active Grant
First Claim
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1. An account reconciliation method for reconciling a plurality of merchant records with a card statement, said method reconciling to a dollar balance on said card statement and comprising the steps of:

  • inputting, to a computer database, merchant-related data pertaining to said plurality of merchant records;

    inputting, to said computer database, card-related data pertaining to said card statement, said dollar balance on said card statement comprising charges corresponding to said merchant records;

    viewing, on a computing device display, a computer-generated reconciliation report having;

    a beginning balance comprising said dollar balance on said card statement;

    a pending payment comprising a combined dollar total of automatically approved and user-approved matches of said merchant-related data and said card-related data;

    an ending balance comprising an aggregate of said beginning balance less said pending payment; and

    an unresolved balance comprising a dollar total of unmatched merchant-related data and unmatched card-related data; and

    confirming said ending balance equals said unresolved balance.

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