Patent ID: 8626617

Claim:
A method for identifying fixed asset transactions in a plurality of financial transactions, comprising: obtaining a plurality of financial transaction records describing the plurality of financial transactions; and generating, by a computer processor, an unverified fixed asset transaction list of depreciable property by, for each financial transaction record of the plurality of financial transaction records: determining whether the financial transaction record conforms to at least one asset identification rule of a plurality of asset identification rules, wherein the plurality of asset identification rules indicates which of the plurality of financial transactions are depreciable property, and wherein each of the plurality of asset identification rules corresponds to a confidence level of the asset identification rule, and when the financial transaction record conforms to the at least one asset identification rule: generating a confidence level of the financial transaction record based on the confidence level of the at least one asset identification rule, and inserting, as a fixed asset transaction, the financial transaction record and the confidence level of the financial transaction record in the unverified fixed asset transaction list.