Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Accounting
Patent
1997-06-17
2000-01-04
Pihulic, Daniel T.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Accounting
705 30, 705 34, G06F 1760
Patent
active
H00018309
ABSTRACT:
This invention relates to computer-implemented tax preparation and tax submission accounting, and the invention is directed to providing a system which enables use-tax accrual and determination. The described computer system has transaction record acquisition logic for acquiring transaction information characterizing purchases of goods and services and for generating transaction records; use-tax accrual logic; and tax rate acquisition logic for acquiring tax jurisdiction codes, at least one inclusive accounting group registry respective to taxes, and tax information respective to the tax jurisdiction codes from an external tax information source. The invention also provides data alignment logic used to assure that data elements used in tax determination are interactively harmonious and mutually comprehensive. The invention also provides (1) update logic for periodically acquiring new tax information from a tax rate database to keep tax rate information in a current and relevant condition and (2) sales tax crediting logic in the computer so that paid sales taxes can be credited to accrued use-taxes.
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Burgie David Joseph
Carey Patrick A.
Kanter Nancy Lou Huey
Montague Maria Dalia
Petrimoulx Rosalyn A.
Grace Stephen S.
Miller William B.
Pihulic Daniel T.
Shultz Dale H.
The Dow Chemical Company
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