Patent ID: 8712880
Filing Date: 2014-04-29
Classification: G06Q

Abstract:
1. A method of using a formula to execute periodic transfers in a hierarchal accounting structure, the method comprising: receiving, by a computer system, a transfer formula 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 transfer formula, the multidimensional data cube comprising: generating, by the computer system, using data in the multidimensional data cube, a transfer scenario, wherein: generating, by the computer system, one or more accounting journal entries that update each account affected by the transfer 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.