Transfer formulas
US8712880B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Apr 27, 2012 |
| Grant date | Apr 29, 2014 |
| Priority date | — |
| Expiry date | Aug 4, 2032 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/02
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method of using a formula to execute periodic transfers in a hierarchal accounting structure includes receiving a transfer formula that may comprise a source account, a target account, an offset account, an account characteristic, and a formula for determining a first amount of the source account based on the account characteristic. The method may also include accessing a multidimensional data cube with a hierarchal arrangement and aggregated balances for each level. The method may additionally include generating a transfer scenario by transferring the first amount to the aggregated balance for the target account according to the transfer formula, and generating one or more accounting journal entries corresponding to the transfer scenario. The method may further include posting the one or more accounting journal entries to a general ledger associated with a relational database; and updating the multidimensional data cube to reflect the transfer scenario.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.