Patent ID: 8046277

Claim:
A computer-implemented method of managing reconciliation and write-off data in an accrual-based accounting environment, the method comprising: retrieving, at one or more computer systems, a plurality of transactions associated with a predetermined purchase order from a database in communication with the one or more computer systems; calculating, with one or more processors associated with the one or more computer systems, an aggregate accrual balance of the retrieved plurality of transactions; storing, in the database associated with the one or more computer systems, the calculated aggregate accrual balance in association with a unique first reconciliation identifier; determining, with the one or more processors associated with the one or more computer systems, whether the aggregate accrual balance associated with the unique first reconciliation identifier indicates that the predetermined purchase order is unbalanced; populating, with the one or more processors associated with the one or more computer systems, a first reconciliation table in the database associated with the one or more computer systems with first reconciliation information when the aggregate accrual balance associated with the unique first reconciliation identifier indicates that the predetermined purchase order is unbalanced; generating, with the one or more processors associated with the one or more computer systems, information configured for displaying the first reconciliation information from the first reconciliation table together with first functionality enabling writing-off the aggregate accrual balance associated with the unique first reconciliation identifier; determining, with the one or more processors associated with the one or more computer systems, whether the first functionality indicates that the aggregate accrual balance associated with the unique identifier has been written-off; and updating the first reconciliation table in the database associated with the one or more computer systems in response to removing the first reconciliation information from the first reconciliation table when the first functionality indicates that the aggregate accrual balance associated with the unique first reconciliation identifier has been written-off.