Patent ID: 8768794
Filing Date: 2014-07-01
Classification: G06Q

Abstract:
1. A method of using rules to execute periodic allocations of funds in a hierarchal accounting structure, the method comprising: receiving, by a computer system, an allocation rule, comprising: populating, by the computer system, from one or more financial ledgers in a relational database system, at least a portion of a multidimensional data cube with data associated with the allocation rule, the multidimensional data cube comprising: generating, by the computer system, using data in the multidimensional data cube, an allocation scenario, wherein: generating, by the computer system, one or more accounting journal entries that update each account affected by the allocation scenario with the result values; posting, by the computer system, the one or more accounting journal entries to the one or more financial ledgers in the relational database system; and updating, by the computer system, the multidimensional data cube to reflect changes affecting the aggregated balances resulting from the one or more accounting journal entries posted to the one or more financial ledgers in the relational database system.