Patent ID: 8566232
Filing Date: 2013-10-22
Classification: G06Q

Abstract:
1. A method for producing accounting records, the method comprising the steps of: obtaining electronic data from one or more secure, private and external data sources, said electronic data representing first financial data; importing said electronic data into a computer program; and using said computer program to automatically create second financial data based on said first financial data, the second financial data being suitable for presentation to a user, wherein at least some of said electronic data is obtained without being manually entered by an operator, at least some of said first financial data comprises a plurality of transactions and at least some of said second financial data is in the form of a statement of account for an existing account and is not application data for establishing a new banking account; and wherein the step of creating said second financial data includes the steps of, for each transaction, automatically identifying one of a plurality of user-designated accounts to which the transaction belongs as a function of data generated by a financial institution that generated a transaction record associated with the transaction and allocating that transaction to the identified account and, in the case that an account cannot be identified, making a note in a record.