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Web-based method and system for managing account receivables

  • US 6,807,533 B1
  • Filed: 05/02/2000
  • Issued: 10/19/2004
  • Est. Priority Date: 05/02/2000
  • Status: Expired due to Fees
First Claim
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1. A method for managing trade receivables credit and collection services using an accounts receivable system, said method comprising the steps of:

  • providing a plurality of customer devices;

    controlling a device by a business enterprise, the business enterprise having a client wherein the business enterprise and the client are separate and distinct business entities, the client having customers wherein the client and the customers are separate and distinct business entities, wherein the business enterprise device configured with a browser;

    connecting a server system associated with and under the control of the business enterprise to the business enterprise device, wherein the business enterprise manages trade receivables credit for the client, manages collection services for the client, and updates a general ledger of the client;

    connecting in communication a client system associated with and under the control of the client with each of the business enterprise device, the server system, and the plurality of customer devices, the client system manages ordering of products by customers using the plurality of customer devices, images shipping of products to customers, and manages billing for ordered products; and

    providing a data storage device for storing information pertaining to a plurality of clients of the business enterprise and a plurality of customers of the clients; and

    the server system retrieves information from the client system and the business enterprise device, process processes the information, generates required journal entries to post on the client'"'"'s general ledger, generates a variety of reports for financial monitoring, reporting and auditing purposes, and posts the journal entries on the client'"'"'s general ledger via said client system.

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