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SYSTEM AND METHOD FOR ACCOUNT RECONCILIATION

  • US 20070130028A1
  • 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 system for reconciling an account, said system comprising:

  • a client side computing device having a display and an input means;

    a server side having a database and an account reconciliation software program stored thereon;

    a communication channel linking said client side with said server side;

    said database capable of receiving and storing merchant-related data and card-related data, said merchant-related data comprising a plurality of merchant records and each of said merchant records including information specific to a particular affair, said card-related data comprising a plurality of charges and each of said charges corresponding to at least one of said merchant records;

    said account reconciliation software including programming to automatically match said merchant-related data and said card-related data when said merchant record information is identical, and automatically compile said merchant-related data and said card-related data which did not match on an unresolved list;

    said account reconciliation software permitting a user to view said unresolved list and direct said software to search the database for a near-match between said merchant-related data and said card-related data, and further permitting said user to approve said near-match;

    said account reconciliation software also permitting said user to view said unresolved list and edit said data, and further permitting said user to approve a match between the edited data and a corresponding merchant or card related data; and

    said account reconciliation software further including programming to generate a reconciliation report for the user to view, said report comprising a verification to the user that said merchant account is reconciled to an account balance.

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