Patent ID: 7917410
Filing Date: 2011-03-29
Classification: G06Q

Abstract:
1. A method for real-time accounting using a networked computer system, the method comprising: detecting a purchase request issued to a computer system via a network; determining a method of payment for the purchase; obtaining a guarantee for the payment via the network, wherein the guarantee is based on the method of payment specified for the purchase; and recording the payment as income in a general ledger database, wherein said determining, said obtaining and said recording are performed automatically and substantially in real time with respect to said determining, wherein said recording is performed by automatically and periodically recording portions of the payment as income in the general ledger database, wherein the portions are determined according to a predetermined formula based on the amount of time that has lapsed since the purchase and the terms of the purchase, and wherein at least a first portion of the payment is recorded as income in the general ledger in real time.