Categorization of summarized information
DCFirst Claim
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1. An Internet connected server having software executing from memory providing a system for sorting and reporting financial transaction information, comprising:
- a collector function of the software, the collector function navigating to one or more network information sites and retrieving therefrom financial transaction information regarding expenditures associated with a specific person or enterprise, the transaction information including at least date, description and amount of the transactions;
an input function of the software enabling a user to provide to the system a request for a summary of transactions over a specific range of dates;
according to types and category of expenditures;
a processing function parsing the collected transaction descriptions for determining an purpose expenditure category from a plurality of possible expenditures for each expenditure, using pre-stored description characteristics associated with each category, and summarizing those transactions that meet the category and fall into the date range; and
a reporting function of the software reporting the summarized transactions,wherein expenditure categories are developed from information taken from communication between users and the system,wherein a probability algorithm is used in developing the expenditure categories, andwherein the expenditure categories are periodically amended according to further information that is collected and processed.
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Abstract
A system for categorizing transactions includes a collection function gathering information concerning transactions, including at least date, description and amount of the transactions, for a particular person or enterprise, and a processing function categorizing individual ones of the collected transactions according to at least part of the transaction description.
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Citations
12 Claims
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1. An Internet connected server having software executing from memory providing a system for sorting and reporting financial transaction information, comprising:
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a collector function of the software, the collector function navigating to one or more network information sites and retrieving therefrom financial transaction information regarding expenditures associated with a specific person or enterprise, the transaction information including at least date, description and amount of the transactions; an input function of the software enabling a user to provide to the system a request for a summary of transactions over a specific range of dates;
according to types and category of expenditures;a processing function parsing the collected transaction descriptions for determining an purpose expenditure category from a plurality of possible expenditures for each expenditure, using pre-stored description characteristics associated with each category, and summarizing those transactions that meet the category and fall into the date range; and a reporting function of the software reporting the summarized transactions, wherein expenditure categories are developed from information taken from communication between users and the system, wherein a probability algorithm is used in developing the expenditure categories, and wherein the expenditure categories are periodically amended according to further information that is collected and processed. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A method for sorting and reporting financial transaction information, comprising:
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(a) navigating to one or more network information sites by a collector software function executing from memory of an Internet-connected server and retrieving therefrom financial transaction information regarding expenditures associated with a specific person or enterprise, the transaction information including at least date, description and amount of the transactions; (b) providing by a user to the system through an input function of the software a request for a summary of transactions over a specific range of dates, according to types and category of expenditures; (c) parsing the collected transaction descriptions by a processing function, determining an purpose expenditure category from a plurality of possible expenditures for each expenditure, using pre-stored description characteristics associated with each category, and summarizing those transactions that meet the purpose and fall into the date range; and (d) reporting the summarized transactions by a reporting function of the software, wherein expenditure categories are developed from information taken from communication between users and the system, wherein a probability algorithm is used in developing the expenditure categories, and wherein the expenditure categories are periodically amended according to further information that is collected and processed. - View Dependent Claims (8, 9, 10, 11, 12)
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Specification