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Transaction accounting processing system and approach

  • US 7,392,934 B2
  • Filed: 05/03/2005
  • Issued: 07/01/2008
  • Est. Priority Date: 06/09/2004
  • Status: Expired due to Fees
First Claim
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1. A transaction-processing system for facilitating transactions involving merchant offerings among transaction parties including buyers and sellers, aspects of each transaction being characterized by a transaction-based document, the system comprising:

  • a computer arrangement adapted toaccess sets of accounting codes and transaction data based rules for applying the accounting codes to accounting data for transaction parties,associate a transaction-based document with a set of the accounting codes for a particular party involved with a transaction to which the transaction-based document applies, anduse transaction data based rules associated with the particular party to apply the associated accounting codes to accounting data indicated via the transaction-based document, and therein providing for user access to the accounting data categorized under the set of accounting codes.

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