US4642767A
Expired / Lapsed
US
⏱️ 0.0 years remaining
Bookkeeping and accounting system
Assignee: Individual
•
Filing: 1984-04-23
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Granted: 1987-02-10
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Expires: 2004-04-23
Abstract
Abstract Data processing for an improved bookkeeping and accounting system supervises, implements and coordinates a collection of coded data, the number of which is fixed and does not exceed several dozens; which represent totals of accounts describing financial condition of a business; and which are distinguished by the feature that the total of all asset accounts are equal to the total of all equity accounts. Attributes of checks and invoices reflecting new business transactions are entered into the system and each document affects the collection according to the change of financial condition in such a way that the asset-equity equation is always kept in balance. Statement of financial condition and income statement are formed based on the last updated collection of coded data and on a comparison of the last and the reference collections. The attributes of documents of business transaction after having been processed are arranged to form a database for a subsequent updating of accounting journals. The system is distinguished by a small operating memory which may be less than 16 kilobytes and therefore can be based on inexpensive computers. The system is also distinguished by an immediate magnetic tape backup of processed information.
Inventors
- 👤 Moisey Lerner
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-10-25 19:37
CPC Classifications
G; G06; G06Q; G06Q40/00; G06Q40/02; G06Q40/12
Claims Analysis
Total Claims: 8
Claim 1
Independent Claim
264 words
A method for providing bookkeeping and accounting, the method comprising the steps of (a) entering into a processing unit a collection of coded numerical data of monetary totals of business accounts, said collection being called starting collection and reflecting financial condition of a business as of a particular day, called starting day, all the data of said collection being balanced so that the total of all asset accounts are equal to the total of all equity accounts; (b) entering into said processing unit a monetary amount and a code of each document of new business transactions (checks, invoices, etc.) which have not been already reflected in said starting collection of coded numerical data; (c) adding said monetary amount to the totals of at least two business accounts, the codes of said accounts corresponding to the code of the entered document so that the total of all asset accounts remain equal to the total of all equity accounts, whereby a new collection of coded numerical data is being created, said collection called updated collection and describing financial condition of a business on the day when the documents of financial transactions have been entered, said day being called ending day; (d) combining and arranging the data of said updated collection to provide a statement of financial condition on the ending day; (e) printing out said statement of financial condition with the help of an output device; (f) saving said updated collection of coded numerical data on magnetic tape and also on other available information storage means with the help of an output device for permanent storage.
Claim 2
Independent Claim
264 words
A method for providing bookkeeping and accounting, the method comprising the steps of (a) entering into a processing unit a collection of coded numerical data of monetary totals of business accounts, said collection being called starting collection and reflecting financial condition of a business as of a particular day, called starting day, all the data of said collection being balanced so that the total of all asset accounts are equal to the total of all equity accounts; (b) entering into said processing unit a monetary amount and a code of each document of new business transactions (checks, invoices, etc.) which have not been already reflected in said starting collection of coded numerical data; (c) adding said monetary amount to the totals of at least two business accounts, the codes of said accounts corresponding to the code of the entered document so that the total of all asset accounts remain equal to the total of all equity accounts, whereby a new collection of coded numerical data is being created, said collection called updated collection and describing financial condition of a business on the day when the documents of financial transactions have been entered, said day being called ending day; (d) combining and arranging the data of said updated collection to provide a statement of financial condition on the ending day; (e) printing out said statement of financial condition with the help of an output device; (f) saving said updated collection of coded numerical data on magnetic tape and also on other available information storage means with the help of an output device for permanent storage.
Claim 3
Dependent Claim
95 words
A method of claim 1, further comprising the steps of (g) subtracting the starting collection of coded data from the updated collection in the way that each datum of initial collection with a particular code is subtracted from the datum of the updated collection with the same code, whereby a new differential collection of coded data is created; (h) combining and arranging the data of differential collection to provide income statement for the period from the starting day to the ending day; (i) printing out said income statement with the help of an output device.
Claim 4
Dependent Claim
104 words
A method of claim 2 further comprising the steps of (j) entering other attributes of each new document of financial transaction, besides the monetary account and the code of said document into said processing unit, said other attributes including date, number, issuer name; (k) said unit arranging all attributes of said document into collection of coded data; (l) printing out said collection of coded data for verification and storage; (m) saving said collection on magnetic tape and also on other available information storage means for permanent storage, whereby a database of documents of business transactions is created in order to subsequently update accounting journals.
Claim 5
Dependent Claim
155 words
A method of claim 2, further comprising the steps of (j) entering other attributes of each new document of financial transaction, besides the monetary amount and the code of said document into said processing unit, said other attributes including data, number, issuer name; (k) arranging by said processing unit all attributes of the document of financial transaction into collection of coded data; (l) printing out said collection of coded data for verification and storage; (m) memorizing said collection of coded data in said processing unit, whereby a database is being created in case several documents of financial transactions are being entered to update the initial file; (n) performing a search of said database to find documents belonging to particular accounting journals; (o) providing a printout of documents of financial transactions belonging to particular journals in order to update said journals; (p) storing said database on magnetic tape and also on other available information storage means.
Claim 6
Dependent Claim
130 words
The method of claim 1 further comprising the steps of (g) entering a reference collection of coded data into the processing unit, said reference collection describing financial condition of a business on a reference day which precedes the ending day; (h) subtracting the reference collection from the updated collection in the way, that each datum of the reference collection with a particular code is subtracted from the datum of the updated collection having the same code; (i) creating via said subtraction a differential collection of coded data; (j) combining and arranging the data of differential collection to provide income statement for the period from the reference day to the day of entering new documents of financial transactions; (k) printing out said income statement with the help of an output device.
Claim 7
Independent Claim
241 words
A method for providing financial statements, the method comprising the steps of (a) entering into a processing unit two collections of coded data of monetary totals of business accounts reflecting financial condition of a business on two different days, on a later day, which is called the ending day, and on an earlier day, which is called the reference day, all data of each of said collections being balanced so that the total of all asset accounts of each collection is equal to the total of all equity accounts of the same collection; (b) combining and arranging the data of the collection corresponding to the ending day to generate a statement of financial condition (balance sheet) on the ending date; (c) printing out the statement of financial condition (balance sheet) on the ending day with the help of an output device; (d) subtracting the data of said collection, which corresponds to the reference day, from the data of said collection, which corresponds to the ending day, so that each coded datum of one collection is subtracted from the datum of another collection having the same code; (e) creating via said subtraction a differential collection of coded data; (f) combining and arranging the data of said differential collection to generate a statement of profits and losses (income statement) for the period from the reference day to the ending day; (g) printing out said income statement with the help of the output device.
Claim 8
Independent Claim
241 words
A method for providing financial statements, the method comprising the steps of (a) entering into a processing unit two collections of coded data of monetary totals of business accounts reflecting financial condition of a business on two different days, on a later day, which is called the ending day, and on an earlier day, which is called the reference day, all data of each of said collections being balanced so that the total of all asset accounts of each collection is equal to the total of all equity accounts of the same collection; (b) combining and arranging the data of the collection corresponding to the ending day to generate a statement of financial condition (balance sheet) on the ending date; (c) printing out the statement of financial condition (balance sheet) on the ending day with the help of an output device; (d) subtracting the data of said collection, which corresponds to the reference day, from the data of said collection, which corresponds to the ending day, so that each coded datum of one collection is subtracted from the datum of another collection having the same code; (e) creating via said subtraction a differential collection of coded data; (f) combining and arranging the data of said differential collection to generate a statement of profits and losses (income statement) for the period from the reference day to the ending day; (g) printing out said income statement with the help of the output device.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 1990-02-09 | 1990-08-11 | 1991-02-10 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 1994-02-09 | 1994-08-11 | 1995-02-10 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 1998-02-09 | 1998-08-11 | 1999-02-10 | $7700.00 | Window Closed / Lapsed |