Patent ID: 7637427

Claim:
A computer-implemented method for sharing financial services comprising: receiving a communication, at an accounting control module through a communication channel, from a first party to a financial or accounting transaction, wherein the communication is associated with accounting-relevant posting data; determining whether the transaction violates a business rule associated with a second party and, if not, using the accounting control module to change or enhance the accounting-relevant posting data with cost and profit-center information, as required to post, without manual intervention, the transaction to a system associated with the second party; tracking a status of the transaction using the accounting control module; sending the modified information to the second party through the communication channel; the second party initiating a response to the modified information and sending the response through the communication channel to the accounting control module; modifying the response using the accounting control module; tracking a response status of the transaction using the accounting control module; reporting, without manual intervention, the response status of the transaction to at least one of the parties using the accounting control module according to at least one pre-configured reporting rule; and sending the modified response through the communication channel to the first party.