Accounting software having cash basis and accrual basis ledgers

Accounting software having cash basis and accrual basis ledgers

A system and method that provides for selectively displaying accounting data that is recorded into and independently maintained in both cash basis format and accrual basis format. The dual ledger aspect of the system enables the present disclosure to eliminate the need for modifying entries when the...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: White, Jacilyn Sylvia, Streb, Michael John, McCune, Asher David
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A system and method that provides for selectively displaying accounting data that is recorded into and independently maintained in both cash basis format and accrual basis format. The dual ledger aspect of the system enables the present disclosure to eliminate the need for modifying entries when the customer switches their viewing preference from the cash basis model to the accrual basis model, or vice versa. As such, the system is able to simplify the process of retrieving accounting data in either basis which has the benefit of increasing computer functionality by reducing processing requirements and increasing signal throughput to thereby provide faster delivery of the information to the customer.