Bookkeeping and accounting system

Details Bookkeeping and accounting system Bookkeeping and accounting system

1984-04-23

1987-02-10

Smith, Jerry

Boots, shoes, and leggings

364401, G06F 1530

Patent

active

046427678

ABSTRACT:
Data processing for an improved bookkeeping and accounting system supervises, implements and coordinates a collection of coded data, the number of which is fixed and does not exceed several dozens; which represent totals of accounts describing financial condition of a business; and which are distinguished by the feature that the total of all asset accounts are equal to the total of all equity accounts. Attributes of checks and invoices reflecting new business transactions are entered into the system and each document affects the collection according to the change of financial condition in such a way that the asset-equity equation is always kept in balance. Statement of financial condition and income statement are formed based on the last updated collection of coded data and on a comparison of the last and the reference collections. The attributes of documents of business transaction after having been processed are arranged to form a database for a subsequent updating of accounting journals. The system is distinguished by a small operating memory which may be less than 16 kilobytes and therefore can be based on inexpensive computers. The system is also distinguished by an immediate magnetic tape backup of processed information.

REFERENCES:
patent: 3040984 (1962-06-01), Cox
patent: 3348215 (1967-10-01), Soule
patent: 3406281 (1968-10-01), Buchanan
patent: 3610902 (1971-10-01), Rahenkamp
patent: 3749892 (1973-07-01), Stenning
patent: 4114026 (1978-09-01), Fiorenza
patent: 4192006 (1980-03-01), Hausdorff
patent: 4264808 (1981-04-01), Owens
patent: 4277837 (1981-07-01), Stuckert
patent: 4346442 (1982-08-01), Musmanno
patent: 4376978 (1983-03-01), Musmanno
patent: 4435769 (1984-03-01), Nayano

Affiliated with

Also associated with

Rating

Bookkeeping and accounting system does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Bookkeeping and accounting system, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Bookkeeping and accounting system will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-2366963