Transaction accounting payment and classification system and approach

US7822653B2 · kind B2 · utility

Assignee

• Syncada LLC · US

Inventors

• Dean W. Hahn-Carlson · Windom, US
• Elizabeth A. Beck · Minnetonka, US
• David A. Suits · Robbinsdale, US

Key dates

• Filing date: May 3, 2005
• Grant date: Oct 26, 2010
• Expiry date: May 14, 2028

Classification

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

Abstract

Accounting data is classified to facilitate transaction processing and management. According to an example embodiment, data based rules are implemented for classifying transaction-related data into accounting categories. Accounting information is processed as a function of the data based rules and accordingly automatically classified. This approach involves, for example, the identification of particular data based rules to apply to the accounting information, applying the rules and processing the information accordingly.