Centralized GAAP approach for multidimensional accounting to reduce data volume and data reconciliation processing costs

US10235719B2 · kind B2 · utility

Assignee

• SAP SE · DE

Inventors

• Lothar Muessler · Wiesloch, DE
• Matthias Schauer · Wiesloch, DE
• Frank Raebiger · Bammental, DE

Key dates

• Filing date: Dec 23, 2015
• Grant date: Mar 19, 2019
• Expiry date: Jan 31, 2037

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/12
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods for a centralized approach to multidimensional accounting are provided. Exemplary embodiments of systems and methods include the creation of GAAP-independent and GAAP-dependent posting documents in an accounting database. The GAAP-independent and GAAP-dependent posting documents may be stored separately in the accounting database, and a given GAAP-independent posting document may be associated with multiple GAAP-dependent posting documents, allowing for significant reductions in data volume and data reconciliation processing costs.