RECEIPTS SCANNER AND FINANCIAL ORGANIZER

• US 20100228659A1
• Filed: 05/18/2010
• Published: 09/09/2010
• Est. Priority Date: 02/01/2001
• Status: Active Grant

• Current Assignee: Bright Capture LLC (Jeffrey M. Gross)
• Original Assignee: Kris Engineering, Inc.
• Inventors: Pandipati, Radha K.C.
• Granted Patent: US 8,009,334 B2
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/128 Check-book balancing, updating or printing arrangements
• CPC Class Codes: G06T 11/60 Editing figures and text; Combining figures or text
• CPC Class Codes: H04N 1/00204 with a digital computer or a digital computer system, e.g. an internet server programmed control between transmitter and receiver or between image input and image output device H04N1/32561
• CPC Class Codes: H04N 1/04 Scanning arrangements , i.e. arrangements for the displacement of active reading or reproducing elements relative to the original or reproducing medium, or vice versaH04N1/387 takes precedence
• CPC Class Codes: H04N 1/387 Composing, repositioning or otherwise geometrically modifying originals
• CPC Class Codes: H04N 1/3871 the composed originals being of different kinds, e.g. low- and high-resolution originals

Abstract

The system contains a scanner, an apparatus for scanning receipts into a computer and a unique software program which automatically processes, organizes and saves expense information that can be viewed in various formats, namely, tabular statements, pie-charts, etc. The scanner, which accommodates paper of differing sizes, is used to input bills, receipts, bank statements, etc. The scanner is usually connected to a computer through a Universal Serial Bus or a parallel port for easy installation. The software program creates a text file of the scanned data by inclusion of sorting, categories, etc., and automatically saves the information in Quicken Interchange Format, allowing it to be imported into any financial management software for further processing. Each receipt is treated as an individual transaction. Multiple items in the receipt are used to create a “split” transaction with proper customizable categories added. Further, the software also allows for record keeping, budgeting and budget balancing.

Claims

1. An apparatus which manages and organizes expense information, comprising:

a scanner to scan various types of receipts, each said receipt containing expense information printed thereon, said scanner scanning each said receipt to obtain scanned information for each receipt; and

a computer in communication with the scanner, said computer executing a software which receives said scanned information for each receipt and which processes the scanned information including numerical data in the receipt to obtain said expense information from said scanned information,

wherein said expense information for each receipt is categorized into one or more predetermined categories to obtain categorized information for each receipt,

wherein said categorized information for each receipt is combined with categorized information for other said receipts to produce and display report information for one or more of said predetermined categories;

wherein the apparatus is configured to process receipts of no predefined format that include grocery receipts, purchase receipts, credit card receipts or bank statements having different widths and thicknesses.

2. An apparatus as claimed in claim 1, wherein the scanner is connected to said computer through a USB port or a pass through parallel port, and wherein the software is stored in the computer.

3. An apparatus as claimed in claim 1, wherein as the receipts are being scanned, the scanned information from the scanned receipts is automatically received by the computer and the expense information for each receipt is captured from the scanned information for each receipt, and categorized into one or more of said predetermined categories.

4. An apparatus as claimed in claim 1, further including a display device in communication with said computer, wherein the report information is displayed on said display device in a tabular form, a pie-chart form, or as a text file.

5. An apparatus as claimed in claim 4, wherein formats of the report information displayed in tabular form include income-expense reports, expenses versus planned budget, cash flow, or a list of all expenses grouped under said one or more predetermined categories.

6. An apparatus as claimed in claim 1, wherein the apparatus allows a user to edit the expense information obtained from each of the scanned receipts.

7. An apparatus as claimed in claim 1, wherein the apparatus is configured to save the expense information processed from the scanned receipts in Quicken Interchange Format, thereby allowing the expense information obtained from the scanned information to be imported by a financial management program.

8. An apparatus as claimed in claim 1, wherein each scanned receipt is organized as an individual transaction so that the expense information obtained from the scanned information for each scanned receipt is able be individually viewed and edited.

9. An apparatus as claimed in claim 8, wherein multiple items in the receipt are used to create a split transaction having the categorized information categorized into customizable categories.

10. An apparatus as claimed in claim 1, wherein the software allows for record keeping, budgeting and for balancing a budget by displaying tabular data to enable comparison with pre-customized budgets or limits in each said one or more predetermined category.

11. An apparatus for managing financial information, comprising:

a scanner for scanning various types of receipts of no predefined format, each said receipt containing expense information printed thereon;

a computer in communication with said scanner, said computer receiving a scan of each said receipt, and processing said scan by collecting the expense information from the scan; and

a display device in communication with said computer, wherein said computer organizes said expense information collected from each said scan by categorizing the expense information into one or more predetermined expense categories to obtain report information,

wherein said report information for at least one of said predetermined categories is displayed on said display device.

12. An apparatus as claimed in claim 11, wherein said scanner is a portable scanner configured to automatically feed the receipt through said scanner while the receipt is being scanned, said receipts of no predefined format including grocery receipts, purchase receipts, credit card receipts or bank statements having different widths and thicknesses.

13. An apparatus as claimed in claim 11, wherein the apparatus allows a user to edit the expense information collected from the scans of each of said receipts.

14. An apparatus as claimed in claim 11, wherein the apparatus is configured to save the expense information collected from the scans of said receipts in Quicken Interchange Format, thereby enabling the expense information collected from the scans to be imported by a financial management program.

15. An apparatus as claimed in claim 11, wherein each scan of said receipts is organized as an individual transaction so that the expense information obtained from each scanned receipt is able be individually viewed and edited.