Patent ID: 7885868

Claim:
A system for generating a customized financial report, comprising: in an electronic device, an input device for receiving manual specification of field boundaries with a text file; a read module for; reading accounting data from the text file; and identifying a plurality of accounting data elements within the accounting data based on the received manual specification of field boundaries within the text file; a data organization module, communicatively coupled to the read module, for generating data structures for the identified accounting data elements; a storage device, communicatively coupled to the data organization module, for storing the identified accounting data elements; a report generator, communicatively coupled to the storage device, for; transforming the stored accounting data elements to generate at least one financial report; and automatically generating at least one updated financial report based on at least on changed accounting data element in response to the read module reading updated accounting data from a text file including a change to at least one accounting data element; and an output device, communicatively coupled to the report generator, for outputting the at least one financial report.