Patent ID: 8504428

Claim:
A system of tracking, identifying, and encoding an electronic transaction, the electronic transactions presentable in a financial report, comprising: a portal soliciting electronic transactions, the portal forming electronic transaction data for each of the electronic transactions, the electronic transaction data using a predetermined data format, the electronic transaction data including at least a submitted amount, a transaction type, and a date of transaction; an encoder in communication with the portal and being remote from the portal, the encoder accepting the electronic transaction data from the portal, forming a code for each of the electronic transactions based on the transaction type and the date of transaction of each of the electronic transaction data, and appending the code into the respective electronic transaction data to provide encoded electronic transaction data by using predetermined data fields of the electronic transaction data without changing the predetermined data format; a processor in communication with the encoder and a processing network which authorizes the encoded electronic transaction data to provide authorized encoded electronic transaction data, the processor providing to the processing network the encoded electronic transaction data received from the encoder during a predetermined period of time and receiving from the processing network the authorized encoded electronic transaction data based on the provided encoded electronic transaction data received during the predetermined period of time; and a report module in communication with the processor and receiving from the processor the authorized encoded electronic transaction data for the predetermined period of time, the report module forming a report based on the authorized encoded electronic transaction data, the report allowing a user to reconcile the report with the financial report of the electronic transactions, the report including a portion of the code, and a total submitted amount for each transaction type so as to compare the total submitted amount with a total received amount to identify a difference between the total submitted amount and the total received amount.