Automated accounting system
DC CAFCFirst Claim
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1. A method of providing financial accounting reports and statements for a first entity such as an individual or a business which comprises:
- providing a menu of standardized codes, including financial transaction codes and/or itemization codes;
conducting through other entities separate financial transactions, including transfer of funds and instructions for transfer of funds, with the first entity at a plurality of separate points;
associating the standardized codes from the menu at the time when funds are transferred or instruction are given for transfer to complete the financial transaction;
transmitting a record of each transaction and selected standardized codes to at least one separate financial accounting system at about the time of the transaction;
sorting the transactions in the separate financial accounting system and producing an accounting statement in a desired format; and
the separate financial accounting system printing or electronically displaying the statement results.
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Abstract
An automated accounting system for an entity, such as an individual or business, is provided in which at least one file is established for the entity and a plurality of data inputs are provided to the file. The data inputs include electronically recorded transactions made between the entity and other entities. Access is provided to the file for agents of the entity so that one of the agents can perform one or more activities related to the data inputs such as entering, deleting, reviewing, adjusting and processing.
283 Citations
18 Claims
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1. A method of providing financial accounting reports and statements for a first entity such as an individual or a business which comprises:
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providing a menu of standardized codes, including financial transaction codes and/or itemization codes; conducting through other entities separate financial transactions, including transfer of funds and instructions for transfer of funds, with the first entity at a plurality of separate points; associating the standardized codes from the menu at the time when funds are transferred or instruction are given for transfer to complete the financial transaction; transmitting a record of each transaction and selected standardized codes to at least one separate financial accounting system at about the time of the transaction; sorting the transactions in the separate financial accounting system and producing an accounting statement in a desired format; and the separate financial accounting system printing or electronically displaying the statement results. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A financial accounting system for a first entity such as an individual or a business, said system comprising:
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a financial accounting computer having at least one file; a financial transaction computer for receiving data inputs, said data inputs including electronically recorded financial transactions made between said first entity and a second entity; first communication means for transferring said data inputs from said financial transaction computer to said file of said financial accounting computer; and means for providing access to said file of said financial accounting computer for said first entity and/or agents of said first entity so that said first entity and/or said agent can perform one or more activities selected from the group consisting of entering, deleting, reviewing, adjusting and processing said data inputs. - View Dependent Claims (13, 14, 15, 16, 17, 18)
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Specification