Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1994-07-14
1998-11-24
Poinvil, Frantzy
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 35, 902 24, G06F 1760
Patent
active
058421858
ABSTRACT:
A system and method automatically enters financial transactions such as credit card transactions into a financial account stored in a computer. A financial statement incorporating the transactions is provided in an electronic form understood by the computer, such as a computer data file, for updating the financial account. For a credit card account, the electronic statement includes one or more credit card transactions such as purchases. Before accepting the electronic statement, the process verifies that the electronic form of the statement has not been altered since its creation and therefore correctly reflects transactions in the original statement. In the process of entering the transactions, they are tracked by automatically assigning them to expense categories. First the process determines from the electronic statement if a payee for a transaction is of record in the computer and, if so, assigns the transaction to a category already associated with the payee. If not, the process next determines from the electronic statement a merchant category code such as a Standard Industry Code (SIC). The merchant category code is associated with a category recognized by the computer, and the transaction is assigned to the recognized category. If no recognized category exists, the process prompts the user for a category to which the transaction can be assigned.
REFERENCES:
patent: 4321672 (1982-03-01), Braun et al.
patent: 4346442 (1982-08-01), Musmanno
patent: 4948174 (1990-08-01), Thomson et al.
patent: 5138549 (1992-08-01), Bern
patent: 5220501 (1993-06-01), Lawlor et al.
patent: 5483445 (1996-01-01), Pickering
patent: 5500513 (1996-03-01), Langhans et al.
patent: 5621201 (1997-04-01), Langhans et al.
patent: 5684965 (1997-11-01), Pickering
Custom Billing Disk Product from Pacific Bell, Sep. 1990 (5 pages).
Quicken User Manual, Version 3 for Macintosh, by Bob Schulman, Joseph Schrader, Jacobs; Intuit; Chapter 17, pp. 239-246 (plus cover and inside pages), first printing May 1991.
San Francisco Chronicle, Dec. 12, 1991, "Electronic Visa".
Borden Lisa Jean
Chancey Jason D.
Cook Scott D.
Intuit Inc.
Poinvil Frantzy
LandOfFree
Method and system for electronically tracking financial transact does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Method and system for electronically tracking financial transact, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method and system for electronically tracking financial transact will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-1715001