Patent ID: 8447666

Claim:
A expense reporting system, comprising: a portable electronic device comprising a processor and a data storage unit configured to address a remote data storage unit in order to receive financial transaction data; an expense reporting application comprising: a transaction retrieval component operable to access the user's financial transaction data and generate representations thereof displayable on the display of the portable electronic device; a category generation engine operable to generate user-defined project category data and representations thereof displayable on the display of the portable electronic device; a transaction categorization engine operable to associate the user's financial transaction data with the user-defined project category data, the transaction categorization engine being further operable to associate a desired portion or percentage of the user's financial transaction data with one or more of the user-defined project category data, and optionally, disassociate the user's financial transaction data from one or more associated user-defined project category data; a data record generation engine operable to create a data record containing the user's financial transaction data with the user-defined project category data, wherein the data record is in a form suitable for at least one of: review, storage, modification, analysis, and exportation; and a data record manipulation component for enabling a user to at least one of: review a data record, modify a data record, store a data record, analyze a data record, and expert a data record, wherein the data record manipulation component at least enables the user to manually designate a fraction of a single transaction to be associated or disassociated with a selected one of the user-defined project category data representations.