Patent ID: 8108280
Filing Date: 2012-01-31
Classification: G06Q

Abstract:
1. A method for posting transaction entries implemented by at least one processor, comprising: establishing accounts via the processor, an established account having an account record stored in an account database, the account record comprising a plurality of daily account balance records, assigning, to an established account via the processor, a posting state identifying types of transaction entries to be posted to the daily account balance records of the established account, wherein the posting state specifies that a daily account balance record is open for posting of transaction entries of a first transaction entry posting type and closed to posting of transaction entries of a second transaction entry posting type for an entire time period in which the posting state is assigned; receiving transaction entries via the processor, wherein a received transaction entry is associated with an established account and has a transaction entry posting type; and posting via the processor, a received transaction entry to a daily account balance record for the established account associated with the received transaction based upon an account posting state for the established account associated with the received transaction and a posting type of the received transaction entry.