Cash flow forecasting
US7555451B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | May 17, 2001 |
| Grant date | Jun 30, 2009 |
| Priority date | — |
| Expiry date | Oct 21, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method and system for automatically estimating budget items based on past transactions and generating a cash flow forecast for one or more accounts. A budget item is determined for each of a plurality of categories of transactions. A frequency and amount of each budget item is determined as a function of an actual transaction count, a date span of actual transactions, and a sum of actual transaction amounts—all of the transactions occurring in the past. For each budget item, a cash flow transaction is determined as a function of a posting date criterion and a selected forecast period. A running balance of the cash flow transactions is determined and displayed. Through the display, a user is enabled to modify individual cash flow transactions to generate a new cash flow forecast, or generate an alternate cash flow forecast that can be compared to the original cash flow forecast.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.