FINANCIAL, ACCOUNT AND LEDGER WEB APPLICATION AND METHOD FOR USE ON PERSONAL COMPUTERS AND INTERNET CAPABLE MOBILE DEVICES
First Claim
Patent Images
1. A method of financial, account and ledger web application on a system comprising:
- a plurality of internet or network capable mobile devices or computers;
a plurality of servers with a database which contains user account, web application account, user role, financial, and transactional data;
a database interface configured to access the database; and
a network interface to access the server,by executing computer-executable instructions stored on a non-transitory computer-readable medium, andthe method comprises a highly integrated tool set of;
an account transactional ledger tool, comprising the steps of;
initiation by an initial balance during account setup;
automatically working with the automatically recurring payroll; and
billing and budgeting to provide a more accurate available account balance; and
an account balancing tool, comprising the steps of;
balancing user'"'"'s books;
connecting to banking systems to retrieve a user'"'"'s financial information;
capable to be trained to automatically clear transactions in the ledger when they are found in the bank'"'"'s transaction information; and
if it is questionable whether there is a match between a given transaction in the bank and in the ledger, this will be brought to the user'"'"'s attention in the tool and optionally by email or SMS.
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Abstract
The method and web application is for users of cellular mobile devices to keep track of their personal finances while the user is mobile. The web application is accessed via internet capable mobile devices to record financial transactions such as debit, credit, and cash transactions at the point of the transaction, to avoid lost or forgotten transactions and avoid bank overdraft charges. The method and web application will provide five sets of tools as a service to customers. These sets are: Account ledger, account balancing tools, bill and debt management, budgeting tools, and user management tools.
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Citations
20 Claims
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1. A method of financial, account and ledger web application on a system comprising:
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a plurality of internet or network capable mobile devices or computers; a plurality of servers with a database which contains user account, web application account, user role, financial, and transactional data; a database interface configured to access the database; and a network interface to access the server, by executing computer-executable instructions stored on a non-transitory computer-readable medium, and the method comprises a highly integrated tool set of; an account transactional ledger tool, comprising the steps of; initiation by an initial balance during account setup; automatically working with the automatically recurring payroll; and billing and budgeting to provide a more accurate available account balance; and an account balancing tool, comprising the steps of; balancing user'"'"'s books; connecting to banking systems to retrieve a user'"'"'s financial information; capable to be trained to automatically clear transactions in the ledger when they are found in the bank'"'"'s transaction information; and if it is questionable whether there is a match between a given transaction in the bank and in the ledger, this will be brought to the user'"'"'s attention in the tool and optionally by email or SMS. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method of financial, account and ledger web application on a system comprising:
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a plurality of internet or network capable mobile devices or computers; a plurality of servers with a database; and a network interface to access the server, by executing computer-executable instructions stored on a nontransitory computer-readable medium, and the method comprises a highly integrated tool set of; an account transactional ledger tool, comprising the steps of; initiation by an initial balance during account setup; automatically working with the automatically recurring payroll; and billing and budgeting to provide a more accurate available account balance; and a bill management tool, comprising the steps of; setting up recurring bills and temporary recurring payment schedules and debts; automatically generating alerts, via email, text messages and in application notices to remind users to pay individual bills and debts; creating an estimated recurring payroll into the account for the user; and integrating with the account ledger functions to provide a more accurate available account balance by creating an entry in the ledger to represent a transaction that is and will be in the financial institution transactions from the ledger to pay automatically recurring bills and temporary payment schedules. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A method of financial, account and ledger web application on a system comprising:
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a plurality of internet or network capable mobile devices or computers; a plurality of servers with a database; and a network interface to access the server, by executing computer-executable instructions stored on a nontransitory computer-readable medium, and the method comprises a highly integrated tool set of; an account transactional ledger tool, comprising the steps of; initiation by an initial balance during account setup; automatically working with the automatically recurring payroll; and billing and budgeting to provide a more accurate available account balance; a budgeting tool, comprising the steps of; providing the ability to create a personal budget based on static amounts or percentages of their income; creating budgets or budgetary accounts as virtual accounts to better segregate money; and automatically creating a transaction within the ledger to represent the flow of money from the main account into the virtual account; and a user management tool, comprising the steps of; allowing the administrator of the account to create additional users attached to their account; and providing self help functions for resetting passwords and retrieving lost account information. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification