US 12,217,317 B2
Methods and systems for efficient delivery of accounting and corporate planning services
Walter Drangmeister, Albuquerque, NM (US); and R. Blake Ridgeway, Albuquerque, NM (US)
Assigned to FIN BOX TECHNOLOGIES, INC., Albuquerque, NM (US)
Filed by FIN BOX TECHNOLOGIES, INC., Albuquerque, NM (US)
Filed on Jun. 17, 2022, as Appl. No. 17/843,806.
Application 17/843,806 is a continuation in part of application No. 17/005,274, filed on Aug. 27, 2020, granted, now 11,393,045.
Application 17/005,274 is a continuation in part of application No. 16/018,070, filed on Jun. 26, 2018, granted, now 10,803,533, issued on Oct. 13, 2020.
Claims priority of provisional application 62/670,873, filed on May 14, 2018.
Claims priority of provisional application 62/525,200, filed on Jun. 27, 2017.
Prior Publication US 2022/0327635 A1, Oct. 13, 2022
Int. Cl. G06Q 40/12 (2023.01); G06Q 10/0637 (2023.01); G06Q 10/067 (2023.01)
CPC G06Q 40/12 (2013.12) [G06Q 10/0637 (2013.01); G06Q 10/067 (2013.01)] 26 Claims
OG exemplary drawing
 
1. A method for providing accounting services by an accounting service provider to a subscriber, the method comprising:
providing a first accounting application software having a business model identification engine and configured to communicate with a first database for storing subscriber specific onboarding data and transactional data wherein the business model identification engine is configured to assign one or more business models selected from a set of standard business models to the subscriber;
providing a second accounting application software configured to communicate and synchronize with a second database for storing subscriber specific transactional data and wherein the first and second databases communicate and synchronize with each other through an API provided by the first software;
assigning one or more business models to the subscriber by processing subscriber specific onboarding data using the business model identification engine wherein each business model is associated with a model specific chart of accounts and a model specific accounting transaction guidance;
inputting subscriber specific transactional data to at least one of the model specific chart of accounts using the first accounting software, and the second accounting software;
processing subscriber specific transactional data using the first accounting application software wherein the processing step comprises routing transactional data through at least one of an accounting playbook module customized to the one or more assigned business models, an AI/ML learning module, an accountant review module, and a supervisory review module;
assigning an accounting code for each subscriber specific transaction and flagging each transaction for further oversight review using at least one of the accountant module and the supervisory review module based on at least one of materiality factor and statistical error associated with the coding assignment; and,
outputting audit-ready financial reports comprising at least one of P&L statement, balance sheet, cash flow statements, A/P summary, and A/R summary.