Cash under and cash over adjustments to receipt totals for bank deposits

US7801779B2 · kind B2 · utility

Assignee

• Microsoft Corporation · US

Inventors

• Kimberly Nelson · Fargo, US
• Michael Moberg · West Fargo, US
• Nancy Egeberg · Argusville, US
• Scott McIntyre · Cloquet, US

Key dates

• Filing date: Feb 24, 2005
• Grant date: Sep 21, 2010
• Expiry date: Jun 9, 2028

Classification

• Technology area (CPC G): Physics
• CPC primary: G07G1/14
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method of correcting a computerized ledger for deposit discrepancies uses a display such as a window to record a deposit transaction. An amount of receipts and an amount of adjustment are provided to account for cash over and cash under adjustments to a bank deposit. The data is stored in a computerized ledger system. A real time output is provided from the computerized ledger system that represents the amount of receipts adjusted by the amount of adjustment. Real time, such as same day, accounting data relating to deposits is available for reporting and decision-making.