Patent ID: 7991658

Claim:
A computerized system for generating a financial statement from bank-held accounts information, the system comprising: a first part for a bank to store inputted transaction data from a transaction source document, the stored transaction data relating to a banking transaction based on the transaction source document; a second part used by the bank customer so that the bank customer enters transaction codes, at the time of the banking transaction and as part of the banking transaction, the customer-entered transaction codes identifying accounting interest characteristics of the transaction, the first and second parts being connected, the first part storing the customer-entered transaction codes; a computer-based accounting system connected to the first part and connected to the second part and accessing the stored transaction data and the stored transaction codes; and the accounting system configured for generating a financial statement utilizing the accessed stored transaction data and the accessed stored transaction codes in response to a computer request from one of the customer and the bank, the accounting system being configured to generate the financial statement avoiding the need to enter the customer-entered transaction codes subsequent to the time of the banking transaction, wherein the first part comprise least i) a central controller including a central processing unit (CPU) and a memory operatively connected to the CPU, and ii) at least one terminal operable by the customer and adapted for communicating with the central controller, the terminal transmitting the transaction data to the central controller, and wherein the second part comprises the at least one terminal operable by the customer and adapted for communicating with the central controller located at a banking institution, the at least one terminal configured to at least one of proactively and reactively interact with the customer for entry of the transaction codes.