WO2002041099B1 - Methods and systems for job-based accounting - Google Patents

Methods and systems for job-based accounting

Info

Publication number
WO2002041099B1
WO2002041099B1 PCT/US2001/025799 US0125799W WO0241099B1 WO 2002041099 B1 WO2002041099 B1 WO 2002041099B1 US 0125799 W US0125799 W US 0125799W WO 0241099 B1 WO0241099 B1 WO 0241099B1
Authority
WO
WIPO (PCT)
Prior art keywords
virtual
accounts
account
transaction
job
Prior art date
Application number
PCT/US2001/025799
Other languages
French (fr)
Other versions
WO2002041099A3 (en
WO2002041099A2 (en
WO2002041099A8 (en
Inventor
Steven B Smith
Nicholas A Thomas
Warren M Rosner
Original Assignee
In2M Corp
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by In2M Corp filed Critical In2M Corp
Priority to EP01964141A priority Critical patent/EP1332417A4/en
Priority to CA002420033A priority patent/CA2420033A1/en
Priority to AU2001285029A priority patent/AU2001285029A1/en
Publication of WO2002041099A2 publication Critical patent/WO2002041099A2/en
Publication of WO2002041099A8 publication Critical patent/WO2002041099A8/en
Publication of WO2002041099A3 publication Critical patent/WO2002041099A3/en
Publication of WO2002041099B1 publication Critical patent/WO2002041099B1/en

Links

Classifications

    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q10/00Administration; Management
    • G06Q10/08Logistics, e.g. warehousing, loading or distribution; Inventory or stock management
    • G06Q10/087Inventory or stock management, e.g. order filling, procurement or balancing against orders
    • G06Q10/0875Itemisation or classification of parts, supplies or services, e.g. bill of materials
    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q10/00Administration; Management
    • G06Q10/06Resources, workflows, human or project management; Enterprise or organisation planning; Enterprise or organisation modelling
    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/12Accounting

Abstract

An automated, mobile method for remotely managing personal or job-based resources through real-time allocation of the resources among a set of user-defined virtual spending accounts (46). One method enables the user to establish a single layer of virtual accounts for personal. Another method provides multiple layers of virtual accounts for business use such as having one layer that comprises job accounts (46a-I) representing individual jobs or projects and another layer that comprises allocation accounts (46b-I) representing categories of transactions such as 'materials', 'labor', 'facilities', and 'insurance'. The user uses these virtual accounts in conjunction with actual accounts to track the user's transactions in real time. The user may create and remotely transmit financial information such as purchase orders (44b) and invoices, keep a record of employees (14d), enter employee time sheets (40a), process payroll, and allocate and reconcile incoming and outgoing transactions between the various virtual accounts.

Claims

35
I . A method for job-based budget management of a business, the method comprising: providing, in a platform application program, a plurality of virtual spending accounts with virtual balances, said virtual spending accounts comprising at least one job account and at least one allocation account for each of the at least one job accounts; maintaining a user-defined numerical spending limit for each of the plurality of virtual spending accounts; allocating at least one transaction to an appropriate virtual spending account selected from the plurality of virtual spending accounts; providing for and allocating business data transactions corresponding to at least one of said virtual account; and automatically adjusting, in real-time, the virtual balances of said spending accounts according to said allocated transaction. 2. The method of claim 1, wherein said transaction is automatically synchronized with and is overlaid on at least one actual account.
3. The method of claim 1, wherein said virtual spending accounts are displayed in a graphical format.
4. The method of claim 1 , wherein said method is performed using wireless communication.
5. The method of claim 1, wherein said transaction is transmitted both online and off-line.
6. The method of claim 1 , further comprising providing for the submission of invoices. 7. The method of claim 1 , further comprising providing for the submission of purchase orders.
8. The method of claim 1 , former comprising providing for the submission of time sheets.
9. The method of claim 1 , further comprising processing a payroll. 10. The method of claim 1, further comprising automatically creating a virtual job account upon approval of a job quote.
I I . The method of claim 1 , further comprising automatically paying said transaction on-line.
12. A job-based method for managing business resources, said method comprising: 36
providing, in a platform application program, a plurality of virtual accounts overlaid on and corresponding to at least one actual account, said virtual accounts comprising job accounts and allocation accounts, each having individual virtual balances; maintaining a fixed numerical amount for each of the plurality of virtual accounts, said numerical amount being fixed relative to said virtual balances; allocating at least one transaction in real-time to an appropriate virtual account among said virtual accounts; providing for and allocating business data transactions corresponding to at least one of said virtual account; and updating the appropriate actual accounts to reflect said transactions. 13. The method of claim 12, wherein said method is performed using wireless communication. 14. The method of claim 12, further comprising providing for the submission of invoices.
15. The method of claim 12, further comprising providing for the submission of purchase orders.
16. The method of claim 12, further comprising providing for the submission of time sheets.
17. The method of claim 12, further comprising processing a payroll.
18. The method of claim 12, further comprising automatically creating a virtual job account upon approval of a job quote.
19. The method of claim 12, further comprising automatically paying said transaction on-line.
20. A method comprising steps for: providing a real-time record of an actual financial account; providing, in a platform application program, the setup of at least one virtual job account overlaid on said actual account; providing for the setup of a plurality of virtual allocation accounts within said virtual job accounts; maintaining user-defined measures to represent user-defined budget limits for said virtual accounts; accepting data from a wireless device, said data representing at least one financial transaction pertaining to said j ob account; allocating funds for said financial transaction among the virtual accounts; providing a visual display for said job account for comparison between funds spent and said budget limits; providing for and allocating busmess data transactions corresponding to at least one of said virtual account; and updating at least one of said actual accounts to reflect said financial transaction.
21. The method of claim 20, wherein said method is performed by an Internet- enabled cell phone.
22. The method of claim 20, wherein said allocating is performed by a personal digital assistant. 23. A computer-implemented method comprising: displaying, within a platform application program, a plurality of virtual accounts overlaid on at least one actual account, said virtual accounts comprising job accounts and allocation accounts, each having individual virtual balances; displaying a budget limit for each of the plurality of virtual accounts; allocating a transaction in real-time to a virtual account in response to the receipt of a user's selection from among the plurality of virtual accounts; providing for and allocating business data transactions corresponding to at least one of said virtual account; automatically updating said virtual balances to reflect the allocated transactions; and updating said actual account to reflect said transaction.
24. The method of claim 23, wherein said virtual accounts are displayed in a graphical format. 25. The method of claim 23 , wherein said method is performed by a wireless device.
26. The method of claim 23, further comprising providing for the submission of purchase orders.
27. The method of claim 23, further comprising providing for the submission of time sheets.
28. The method of claim 23, further comprising processing a payroll.
29. The method of claim 23, further comprising automatically creating a virtual job account upon approval of a job quote.
30. The method of claim 23, further comprising automatically paying said transaction on-line. 38
31. A computer-implemented method for budget management of a business, the method comprising steps for: storing a real time record of at least one actual financial account; receiving, within a platform application program, the setup of a plurality of virtual accounts, said virtual accounts overlaid on said actual account and comprising job accounts and allocation accounts each having individual virtual balances; displaying a user-defined limit for each of said virtual accounts to represent an amount of budgeted funds; accepting data representing a financial transaction pertaining to one of said virtual job accounts; allocating, in response to a user' s selection, funds from said transaction to at least one virtual account; providing for and allocating business data transactions correspondmg to at least one of said virtual account; displaying, for each virtual account, a comparison between said budgeted funds and an amount of funds spent; and updating, using a wireless protocol, an actual account to reflect said transactions.
32. The method of claim 31 , wherein said method is performed by a personal digital assistant.
33. The method of claim 31, further comprising automatically creating a virtual job account upon approval of a job quote.
34. A method comprising: specifying, in a platform application program, a plurality of virtual job accounts overlaid on at least one actual account, said virtual job accounts each having individual virtual balances; selecting a spending limit for each of the plurality of virtual job accounts; inputting at least one transaction related to at least one of said virtual job accounts; providing for and allocating business data transactions corresponding to at least one of said virtual account; specifying, on a mobile computing device, how said transactions are to be allocated among said virtual job accounts; and viewing a comparison between the spending limits of the job accounts and the virtual balances of said j ob accounts. 39
35. The method of claim 34, wherein said transaction may be automatically synchronized with said actual account.
36. The method of claim 34, wherein said virtual job accounts are displayable in a graphical format. 37. The method of claim 34, wherein said method is performed by a wireless device.
38. The method of claim 34, further comprising automatically creating ajob account when ajob quote is approved.
39. The method of claim 34, further comprising automatically paying transactions on-line.
40. The method of claim 34, wherein said transaction is a labor transaction.
41. A computer data signal, embodied in a transmission medium such as a carrier wave, comprising instructions for: providing a plurality of virtual spending accounts with virtual balances overlaid on at least one actual account; maintaining a user-defined numerical spending limit for each of the plurality of virtual spending accounts; allocating at least one transaction to an appropriate virtual spending account selected from the plurality of virtual spending accounts; providing for and allocating business data transactions corresponding to at least one of said virtual account; automatically adjusting the virtual balances of said spending accounts according to the allocated transactions; and initiating a fund allocation transaction in said actual account to correspond to said transactions in said virtual accounts and to reconcile said actual account with said virtual accounts.
42. The method of claim 41 , wherein said transactions in said virtual accounts are automatically synchronized with said at least one actual account.
43. The method of claim 41, wherein said virtual spending accounts are displayed in a graphical format.
44. The method of claim 41 , wherein said method is performed using wireless communication.
45. The method of claim 41, wherein said transaction is transmitted both online and off-line. 46. The method of claim 41, further comprising providing for the submission of invoices. 40
47. The method of claim 41 , further comprising providing for the submission of purchase orders.
48. The method of claim 41 , further comprising providing for the submission of time sheets. 49. The method of claim 41, further comprising processing a payroll.
50. The method of claim 41, further comprising automatically creating a virtual job account upon approval of a job quote.
51. The method of claim 41, further comprising automatically paying said transaction on-line. 52. A system comprising: a plurality of networked computer-type devices; a user interface for entering transactions into one of said computer-type devices; a data structure comprising a dual layer of virtual accounts defined by a user via said interface; a storage device, housed in one of said computer-type devices, wherein said data structure resides; a platform application program, residing in one of said computer-type devices, that allocates user-inputted business data and financial transactions to appropriate virtual accounts among said virtual accounts; and a viewing device, connected to one of said computer-type devices, that allows a user to view a representation of a comparison of a numerical balance of one of said virtual accounts with a user-designated numerical limit for the corresponding virtual account.
53. The system of claim 52, wherein said dual layer of virtual accounts comprises job accounts and allocation accounts.
54. The system of claim 52, wherein said transactions may be automatically synchronized with at least one actual account.
55. The system of claim 52, wherein at least one of said computer-type devices is a wireless device. 56. The system of claim 52, further comprising means for automatically creating a virtual job account when ajob quote is approved.
57. A computer-readable medium comprising instructions for: representing, within a platform application program, a plurality of virtual accounts overlaid on at least one actual account, said virtual accounts comprising job accounts and allocation accounts each having individual virtual balances; 41
maintaining a fixed numerical amount for each of the plurality of virtual accounts, said numerical amount being fixed relative to said virtual balances; allocating at least one transaction in real time to an appropriate virtual account among said virtual accounts; providing for and allocating business data transactions corresponding to at least one of said virtual account; and initiating fund allocation transactions in said actual account to correspond to said transactions in said virtual accounts and to reconcile said actual account with said virtual accounts.
58. The computer-readable medium of claim 57, wherein said instructions are transmitted in part by wireless communication.
59. The computer-readable medium of claim 57, further comprising instructions for the submission of invoices. 60. The computer-readable medium of claim 57, further comprising instructions for the submission of purchase orders.
61. The computer-readable medium of claim 57, further comprising instructions for the submission of time sheets.
62. The computer-readable medium of claim 57, further comprising instructions for the processing of a payroll.
63. The computer-readable medium of claim 57, further comprising instructions for automatically creating a virtual job account upon approval of a job quote.
64. The computer-readable medium of claim 57, further comprising instructions for automatically paying said transaction on-line. 65. The computer-readable medium of claim 57, wherein said computer- readable medium has a wireless connection to the Internet.
66. A method for managing financial resources in an automated fashion comprising: establishing, in a platform application program, a plurality of virtual financial accounts overlaid upon at least one actual financial account; allocatmg a given amount of funding for each of the plurality of accounts; allocating transactions to an account selected from the plurality of virtual accounts; providing for and allocating business data transactions corresponding to at least one of said virtual account; and 42
debiting or crediting the allocated fund amount according to the transaction allocated to the particular virtual account and from the actual financial account.
67. The method according to claim 66, further comprising the step of determining a balance with each of the plurality of virtual financial accounts.
68. The method according to claim 67, further comprising the step of displaying the balance of an account after transaction allocation and debit or credit of the transaction.
69. The method according to claim 66, further comprising the step of distinguishing between transactions that have cleared real time tlirough the actual financial account and those that have not within each of the plurality of virtual financial accounts.
70. The method according to claim 66, further comprising the step of displaying transaction information of a selected allocated transaction within one of the virtual financial accounts.
71. A method for managing financial resources in an automated fashion comprising: establishing a plurality of virtual financial accounts overlaid on actual accounts within a platform application program; allocating a given amount of funding for each of the plurality of virtual accounts; allocating transactions in real time to the appropriate virtual accounts so that individuals in remote locations may view the accounts and coordinate purchases; providing for and allocating busmess data transactions correspondmg to at least one of said virtual account; and initiating a fund allocation transaction in said actual account to correspond to said transactions in said virtual accounts and to reconcile said actual account with said virtual accounts.
72. The method according to claim 71, further comprising the step of determining a balance with each of the plurality of virtual financial accounts.
73. The method according to claim 72, further comprising the step of displaying the balance of an account after transaction allocation and debit or credit of the transaction.
74. The method according to claim 71, further comprising the step of distinguishing between transactions that have cleared real time through the actual 43
financial account and those that have not within each of the plurality of virtual financial accounts.
75. The method according to claim 71, flirther comprising the step of displaying transaction information of a selected allocated transaction within one of the virtual financial accounts.
76. An apparatus used to manage financial resources in an automated fashion comprising: means for establishing, within a platform application program, a plurality of virtual financial accounts overlaid upon at least one actual financial account; means for allocatmg a given amount of funding for each of the plurality of accounts; means for allocating transactions to an account selected from the plurality of accounts; means for providing and allocating business data transactions corresponding to at least one of said virtual account; means for debiting or crediting the allocated fund amount according to the transactions allocated to the particular virtual account; and means for initiating a fund allocation transaction in said actual account to correspond to said transactions in said virtual accounts and to reconcile said actual account with said virtual accounts.
77. The apparatus according to claim 76, further comprising means for determining a balance within each of the plurality of virtual financial accounts.
78. The apparatus according to claim 77, further comprising means for displaying the balance of an account after transaction allocation.
79. The apparatus according to claim 76, further comprising means for distinguishing between transactions that have cleared real time tlirough the actual financial account and those that have not within each of the plurality of virtual financial accounts. 80. The apparatus according to claim 76, further comprising means for displaying transaction information of a selected allocated transaction within one of the virtual financial accounts.
81. An apparatus used to manage financial resources in an automated fashion comprising: means for establishing, within a platform application program, a plurality of virtual financial accounts overlaid on actual accounts- 44
means for allocatmg a given amount of funding for each of the plurality of virtual accounts; means for allocating financial and business data transactions in real time to the appropriate virtual accounts so that individuals in remote locations may view the accounts and coordinate purchases; and means for initiating a fund allocation transaction in said actual account to correspond to said transactions in said virtual accounts and to reconcile said actual account with said virtual accounts.
82. The apparatus according to claim 81, further comprising means for determining a balance with each of the plurality of virtual financial accounts.
83. The apparatus according to claim 82, further comprising means for displaying the balance of an account after transaction allocation and debit or credit of the transaction.
84. The apparatus according to claim 81, further comprising means for distinguishing between transactions that have cleared real time through the actual financial account and those that have not within each of the plurality of virtual financial accounts.
85. The apparatus according to claim 81, further comprising means for displaying transaction information of a selected allocated transaction within one of the virtual financial accounts.
86. The apparatus according to claim 81 , further comprising means, coupled to the transaction allocation means, for accessing remote account information.
PCT/US2001/025799 2000-08-18 2001-08-17 Methods and systems for job-based accounting WO2002041099A2 (en)

Priority Applications (3)

Application Number Priority Date Filing Date Title
EP01964141A EP1332417A4 (en) 2000-11-18 2001-08-17 Methods and systems for job-based accounting
CA002420033A CA2420033A1 (en) 2000-08-18 2001-08-17 Methods and systems for job-based accounting
AU2001285029A AU2001285029A1 (en) 2000-08-18 2001-08-17 Methods and systems for job-based accounting

Applications Claiming Priority (4)

Application Number Priority Date Filing Date Title
US60/226,187 2000-08-18
US22618700P 2000-11-18 2000-11-18
US09/829,364 US7213064B2 (en) 2000-11-18 2001-04-09 Methods and systems for job-based accounting
US09/829,364 2001-04-09

Publications (4)

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WO2002041099A2 WO2002041099A2 (en) 2002-05-23
WO2002041099A8 WO2002041099A8 (en) 2002-09-26
WO2002041099A3 WO2002041099A3 (en) 2003-05-15
WO2002041099B1 true WO2002041099B1 (en) 2004-04-08

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US (1) US7213064B2 (en)
EP (1) EP1332417A4 (en)
AU (1) AU2001285029A1 (en)
CA (1) CA2420033A1 (en)
WO (1) WO2002041099A2 (en)

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