Method and apparatus for providing a clean accounting close for

Details Method and apparatus for providing a clean accounting close for Method and apparatus for providing a clean accounting close for

1997-05-14

2000-07-18

Trammell, James R.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Accounting

705 34, 705 30, 705 40, 705 42, 707 8, G06F 1716

Patent

active

060920556

ABSTRACT:
A real time billing system for accounts that locks out transaction events when the billing process is underway is provided. When a transaction event is received that should be posted to an account during the billing process, the account is locked. It is determined if the next bill time is in the past for the account and if it is, close billing of the account is performed on the account without billing the transaction event. After close billing of the account is finished, the transaction event may be posted to the account and the account unlocked.

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Chenho Kung, "Object Subclass Hierarchy in SQL: A Simple Approach," Jul. 1990, Communications of the ACM, vol. 33, No. 7.

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