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Apparatuses, methods and systems for a journal entry automator

  • US 9,043,355 B1
  • Filed: 10/13/2010
  • Issued: 05/26/2015
  • Est. Priority Date: 10/16/2009
  • Status: Active Grant
First Claim
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1. A processor-implemented method comprising:

  • defining classification rules for assigning accounting classes and subclasses to transactions;

    receiving an indication of a transaction;

    tagging the transaction with transaction characteristics;

    identifying, accessing and extracting at least one of a set of relevant transaction characteristics using a data-structure-tracking syntax configured string and universal variables, wherein the universal variables comprise intermediate data objects that provide access to a plurality of disparate databases and different software application systems containing related relevant transaction characteristics data and applicable classification rules, and wherein said universal variables are organized into a business grammar hierarchy, each segment of the hierarchy following a plurality of business grammar rules for an enterprise;

    selecting applicable classification rules from the classification rules based on the relevant transaction characteristics and the universal variables; and

    assigning via a processor at least one accounting class and subclass to the transaction based on the applicable classification rules.

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