Method, system, and program product for electronically validating invoices
First Claim
1. A method for electronically validating invoices, comprising:
- electronically receiving an invoice corresponding to a transaction between a purchaser and a seller;
determining a purchaser tax jurisdiction and a seller tax jurisdiction for the transaction;
determining a category of the transaction based on the purchaser tax jurisdiction, the seller tax jurisdiction, and a set of categorization rules;
validating a tax rate indicated on the invoice based on the category and a set of validation rules; and
determining whether the invoice is valid based on the validating.
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Accused Products
Abstract
The present invention provides a method, system, and program product for validating invoices for transactions between trading partners that occur across jurisdictional borders (e.g., inter-country or inter-state transactions). Specifically, under the present invention, an invoice corresponding to a transaction between trading partners is electronically received (e.g., in an invoice processing system). Upon receipt, a purchaser tax jurisdiction (e.g., first country) and a seller tax jurisdiction (e.g., second country) corresponding to the transaction will be determined. Based on these jurisdictions and a set of categorization rules, a category of the transaction is determined. Using the category and a set of validation rules, a tax rate indicated on the invoice and other optional aspects (e.g., whether the invoice contains all required information) will be validated. Based on this validation it will be determined whether the overall invoice is valid or invalid.
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Citations
24 Claims
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1. A method for electronically validating invoices, comprising:
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electronically receiving an invoice corresponding to a transaction between a purchaser and a seller;
determining a purchaser tax jurisdiction and a seller tax jurisdiction for the transaction;
determining a category of the transaction based on the purchaser tax jurisdiction, the seller tax jurisdiction, and a set of categorization rules;
validating a tax rate indicated on the invoice based on the category and a set of validation rules; and
determining whether the invoice is valid based on the validating. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A system for electronically validating invoices, comprising:
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a document reception system for electronically receiving an invoice corresponding to a transaction between a purchaser and a seller;
a jurisdiction determination system for determining a purchaser tax jurisdiction and a seller tax jurisdiction for the transaction, wherein the purchaser tax jurisdiction is different than the seller tax jurisdiction;
a category determination system for determining a category of the transaction based on the purchaser tax jurisdiction, the seller tax jurisdiction, and a set of categorization rules;
a validation system for validating a tax rate indicated on the invoice based on the category and a set of validation rules; and
an invoice determination system for determining whether the invoice is valid based on a result of the validation system. - View Dependent Claims (10, 11, 12, 13, 14, 15)
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16. A program product stored on a computer readable medium for electronically validating invoices, the computer readable medium comprising program code for causing a computer system to perform the following steps:
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electronically receiving an invoice corresponding to a transaction between a purchaser and a seller;
determining a purchaser tax jurisdiction and a seller tax jurisdiction for the transaction;
determining a category of the transaction based on the purchaser tax jurisdiction, the seller tax jurisdiction, and a set of categorization rules;
validating a tax rate indicated on the invoice based on the category and a set of validation rules; and
determining whether the invoice is valid based on the validating. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23)
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24. A method for deploying an application for electronically validating invoices, comprising:
providing a computer infrastructure being operable to;
electronically receive an invoice corresponding to a transaction between a purchaser and a seller;
determine a purchaser tax jurisdiction and a seller tax jurisdiction for the transaction;
determine a category of the transaction based on the purchaser tax jurisdiction, the seller tax jurisdiction, and a set of categorization rules;
validate a tax rate indicated on the invoice based on the category and a set of validation rules; and
determine whether the invoice is valid based on the validating.
Specification