System and method for account reconciliation
First Claim
1. A computer-implemented method of providing account reconciliation for an account comprising:
- matching, by a processor, a first charge in a financial database to a first amount of a travel record in a travel database, wherein a department code is associated with said travel record, and wherein said travel record in said travel database includes said first amount and first data;
assigning, by said processor, said first charge in said financial database to said department code by writing said department code to a field corresponding to said first charge in said financial database;
associating, by said processor, a second charge in said financial database with said first data of said travel record in said travel database, wherein said travel record in said travel database does not include said second charge in said financial database, and wherein said second charge in said financial database is associated with a change to said travel record in said travel database; and
,assigning, by said processor, said second charge in said financial database to said department code associated with said travel record in said travel database.
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Accused Products
Abstract
An account reconciliation system having a particular usefulness in the reconciliation of centrally billed accounts and more specifically, in the reconciliation of centrally billed accounts in the travel industry is provided. The system and methods of the present invention expand on the traditional match/non-match techniques and provide complete transaction management for every item on a client'"'"'s account. In another sense, reconciliation is redefined to include each and every transaction on an account regardless of its reconciliation status, i.e., matched, unresolved, pending, etc. Consequently, the present invention reconciles the client'"'"'s account to the account balance.
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Citations
28 Claims
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1. A computer-implemented method of providing account reconciliation for an account comprising:
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matching, by a processor, a first charge in a financial database to a first amount of a travel record in a travel database, wherein a department code is associated with said travel record, and wherein said travel record in said travel database includes said first amount and first data; assigning, by said processor, said first charge in said financial database to said department code by writing said department code to a field corresponding to said first charge in said financial database; associating, by said processor, a second charge in said financial database with said first data of said travel record in said travel database, wherein said travel record in said travel database does not include said second charge in said financial database, and wherein said second charge in said financial database is associated with a change to said travel record in said travel database; and
,assigning, by said processor, said second charge in said financial database to said department code associated with said travel record in said travel database. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. An account reconciliation system for reconciling a plurality of merchant records to a card account balance, said system comprising:
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a network interface communicating with a memory; said memory communicating with a processor; and said processor, when executing a computer program, is configured to; match, at said processor, a first charge in a financial database to a first amount of a travel record in a travel database, wherein a department code is associated with said travel record, and wherein said travel record in said travel database includes said first amount and first data; assign, by said processor, said first charge in said financial database to said department code by writing said department code to a field corresponding to said first charge in said financial database; associate, by said processor, a second charge in said financial database with said first data of said travel record in said travel database, wherein said travel record in said travel database does not include said second charge in said financial database, and wherein said second charge in said financial database is associated with a change to said travel record in said travel database; and
,assign, by said processor, said second charge in said financial database to said department code associated with said travel record in said travel database. - View Dependent Claims (14, 15, 16, 17, 18)
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19. A computer-readable medium having stored thereon a plurality of instructions which, when executed on a processor, perform operations for providing account reconciliation for an account comprising:
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matching, by said processor, a first charge in a financial database to a first amount of a travel record in a travel database, wherein a department code is associated with said travel record, and wherein said travel record in said travel database includes said first amount and first data; assigning, by said processor, said first charge in said financial database to said department code by writing said department code to a field corresponding to said first charge in said financial database; associating, by said processor, a second charge in said financial database with said first data of said travel record in said travel database, wherein said travel record in said travel database does not include said second charge in said financial database, and wherein said second charge in said financial database is associated with a change to said travel record in said travel database; and
,assigning, by said processor, said second charge in said financial database to said department code associated with said travel record in said travel database. - View Dependent Claims (20, 21, 22, 23, 24, 25, 26, 27, 28)
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Specification