SYSTEM AND METHOD FOR ACCOUNT RECONCILIATION
First Claim
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.
3 Assignments
0 Petitions
Accused Products
Abstract
An account reconciliation system having a particular usefulness in the reconciliation of centrally billed accounts and more specifically, in the reconciliation of centrally billed accounts in the travel industry is provided. The system and methods of the present invention expand on the traditional match/non-match techniques and provide complete transaction management for every item on a client'"'"'s account. In another sense, reconciliation is redefined to include each and every transaction on an account regardless of it'"'"'s reconciliation status, i.e., matched, unresolved, pending, etc. Consequently, the present invention reconciles the client'"'"'s account to the account balance.
31 Citations
5 Claims
-
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. - View Dependent Claims (2, 3, 4, 5)
-
Specification