Object oriented technology framework for accounts receivable and accounts payable

US6041312A · kind A · utility

Assignee

• International Business Machines Corporation · US

Inventors

• Matthew John Bickerton · Stratford, GB
• Kathryn Ann Bohrer · Austin, US
• Emma Suzanne Hughes · Dudley, GB
• Edward William Kenworthy · Stratford-upon-Avon, GB
• Rupert Jeremy Musgrove · Alcester, GB
• LindaMay Rose Patterson · Rochester, US
• Steven Porter · Shaw, GB
• David Dennis Salt · Prestbury, GB
• Duncan Keith Scattergood · Worcester, GB

Key dates

• Filing date: Mar 28, 1997
• Grant date: Mar 21, 2000
• Expiry date: Mar 28, 2017

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/02
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

An object oriented framework provides a set of objects that perform account management functioning and permits a framework user to add extensions to the framework for specific processing features, thereby producing an account management application program for managing the financial accounts of a company, including accounts receivable and accounts payable. The framework includes an Application category of classes that contains company information for general ledger processing, a Posting Combinations category of classes that define valid posting combinations for the general ledger, a Journals category of classes that create, process, validate, and post general ledger journals, a Bank Transactions category of classes that process bank statements, a Bank Statements and Reconciliation category of classes that reconcile bank statements with bank accounts, and a Closing category of classes that validate and close the current accounting period. These classes provide the base framework upon which an account management application program is developed by the framework user.