System and method for associating financial transaction data with a user's project data

• US 8,332,273 B1
• Filed: 06/28/2012
• Issued: 12/11/2012
• Est. Priority Date: 12/07/2007
• Status: Active Grant

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Keld, Marcia
• Primary Examiner(s): Gart, Matthew S
• Assistant Examiner(s): Goyea, Olusegun
• Application Number:
  US13/535,492
• Time in Patent Office: 166 Days
• Field of Search: 705/16, 705/21, 705/26.1, 705/41, 705/39, 705/42, 235/379, 707/999.01, 707/999.03
• US Class Current: 705/17
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/10 Tax strategies
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: G06Q 40/123 Tax preparation or submission

Abstract

This invention relates to an expense reporting system for viewing and manipulating a user'"'"'s financial transaction data and a method for associating financial transaction data with a user'"'"'s project data. The system includes a user'"'"'s financial transaction data hosted in a data storage unit, addressable on a network, and accessible by a remote user on a user interface unit having a user input means and a display; and an expense reporting module having a graphical user interface (GUI) that allows a user to define project category data and associate representations of the user'"'"'s financial data with the user-defined project category data.

Claims

1. A computer implemented method for expense reporting, the method comprising:

storing a user'"'"'s financial transaction data on a data storage device connected to a processor, the data storage device being accessible by a user interface device on a network;

presenting a graphical user interface (GUI) for displaying representations of the accessed user'"'"'s financial transaction data on a user interface unit;

defining project category data and generating representations thereof using the processor;

associating, using the processor, representations of a desired percentage or portion of the user'"'"'s financial transaction data with one or more user-defined project category data representations to create a graphical arrangement, wherein the user'"'"'s financial transaction data comprises line-item data within a recorded transaction;

converting the graphical arrangement into a data record using the processor, wherein the data record is in a form suitable for at least one of;

review, storage, modification, analysis, and exportation.

2. The method of claim 1, further comprising:

enabling a user to at least one of;

review a data record, modify a data record, store a data record, analyze a data record, and export a data record.

3. The method of claim 1, further comprising:

dis-associating selected ones of the user'"'"'s credit card transaction data representations from one or more associated user-defined project category data or representations thereof.

4. The method of claim 1, further comprising:

generating a code identifier and linking user-defined project category data to the code identifier.

5. The method of claim 4, further comprising:

generating a bar code representing the code identifier.

6. The method of claim 4, further comprising:

automatically associating user-defined project category data linked to a code identifier with a user'"'"'s financial transaction data linked to a corresponding code identifier.

7. The method of claim 4, further comprising:

transmitting a user'"'"'s financial transaction data from a point of service to the data storage device.

8. The method of claim 7, wherein the user'"'"'s financial transaction data includes one or more of:

purchase data, product data, product quantity data, purchase date data, purchase price data, vendor name data, vendor part number data, product name data, stock keeping unit (SKU) number data, tax data, discount data, receipt number data, universal product code data, barcode data, fee data, interest rate data, interest data, balance data, debit card data, check data, line of credit access card data, line of credit transaction card data, and balance transfer data.

10. The method of claim 1, wherein the user interface device is a personal device operable to be wirelessly connected to the network.

11. The method of claim 10, wherein the personal device is a smart phone.

12. The method of claim 10, further comprising the step of transmitting the user'"'"'s financial transaction data from a point of sale terminal to the personal device.

13. The method of claim 12, wherein the point of sale terminal accesses an intermediary database to obtain the line-item data for transmission in real time.

14. The method of claim 12, further comprising the step of transmitting the user'"'"'s financial transaction data from the personal device to a financial institution capable of providing financial services.

15. The method of claim 1, wherein the desired percentage or portion of the user'"'"'s financial transaction data associated with a given user-defined project category data representation is 100 percent.

16. The method of claim 1, wherein the desired percentage or portion of the user'"'"'s financial transaction data associated with a given user-defined project category data representation is 0 percent.

9. A computer implemented method for expense reporting, the method comprising:

storing a user'"'"'s financial transaction data on a data storage device connected to a processor, the data storage device being accessible by a user interface device on a network;

presenting a graphical user interface (GUI) for displaying representations of the accessed user'"'"'s financial transaction data on a user interface unit;

defining project category data and generating representations thereof using the processor;

associating, using the processor, at least one representation of a desired percentage or portion of the user'"'"'s financial transaction data with one or more user-defined project category data representations to create a graphical arrangement, wherein the user'"'"'s financial transaction data comprises line-item data within a recorded transaction;

dis-associating at least one representation of a desired percentage or portion of the user'"'"'s financial transaction data from one or more user-defined project category data representations;

converting the graphical arrangement into a data record using the processor, wherein the data record is in a form suitable for at least one of;

review, storage, modification, analysis, and exportation.

17. A computer implemented method for expense reporting, the method comprising:

storing a user'"'"'s financial transaction data on a data storage device connected to a processor, the data storage device being accessible by a user interface device on a network;

presenting a graphical user interface (GUI) for displaying representations of the accessed user'"'"'s financial transaction data on a user interface unit, wherein the user'"'"'s financial transaction data comprises line-item data within a recorded transaction;

defining project category data and generating representations thereof using the processor;

associating, using the processor, representations of a desired percentage or portion of the user'"'"'s line-item data with one or more user-defined project category data representations to create a graphical arrangement;

converting the graphical arrangement into a data record using the processor, wherein the data record is in a form suitable for at least one of;

review, storage, modification, analysis, and exportation.

18. The method of claim 17, wherein the desired percentage or portion of the user'"'"'s line-item data associated with a given user-defined project category data representation is 100 percent.

19. The method of claim 17, wherein the desired percentage or portion of the user'"'"'s line-item data associated with a given user-defined project category data representation is 0 percent.