Relative spending pattern reports for a financial management system

Patent metadata

Field	Value
Publication number	US-9754318-B1
Application number	US-55283706-A
Country	US
Kind code	B1
Filing date	Oct 25, 2006
Priority date	Oct 25, 2006
Publication date	Sep 5, 2017
Grant date	Sep 5, 2017

Abstract

A method and apparatus for displaying relative spending pattern data includes a process for displaying relative spending pattern data and/or an application for displaying relative spending pattern reports whereby, data representing various financial transactions is obtained and categorized by a computing system implemented financial management system. The financial transaction data is then stored. A user is then provided with a user interface including a capability to activate a selected item in order to generate a relative spending pattern data report for the selected item. Once an item is selected and/or activated, relative spending pattern report parameters are automatically selected based on historical transaction data and/or input by customers/users. A relative spending pattern report is then prepared using data from the computing system implemented financial management system and the relative spending pattern report parameters provided.

First claim

What is claimed is:

1. A system for displaying spending pattern data comprising:
one or more processors; and
one or more memories coupled to the one or more processors, the one or more memories having instructions stored therein which when executed by the one or more processors, perform a process comprising:
obtaining financial transaction data using a computing system implemented financial management system, the financial transaction data being of a party;
categorizing at least a portion of the financial transaction data using the computing system implemented financial management system;
storing the financial transaction data;
providing an interface display, the interface display comprising a listing of two or more financial transaction items associated with the at least a portion of the financial transaction data;
assigning a first set of spending pattern report parameters to a first one of the two or more financial transaction items, the first set of spending pattern report parameters being distinct from transaction data associated with the first transaction item, the first set of spending report parameters comprising a first type of visual display of the data to be used in a spending pattern report, wherein the first type of visual display is automatically selected by the one or more processors based on historical transaction data collected, and the system further being enabled to utilize spending parameters comprising:
a first timeframe to be covered by a spending pattern report, and
a first period used to determine average and target spending amounts for the spending report timeframe;

assigning a second set of spending pattern report parameters to a second one of the two or more financial transaction items, the second set of spending pattern report parameters being distinct from transaction data associated with the second transaction item, the second set of spending report parameters comprising a second type of visual display of the data to be used in a spending pattern report, wherein the second type of visual display is automatically selected by the one or more processors based on historical transaction data collected, and the system further being enabled to utilize spending parameters including
a second timeframe to be covered by a spending pattern report, and
a second period used to determine average and target spending amounts for the spending report timeframe,
wherein the second type of visual display is different than the first type of visual display;

receiving a selection by the party, by an event handler informing main logic executed by the one or more processors, the selection indicating a choice of the first one of the two or more financial transaction items from the listing of two or more financial transaction items associated with the at least a portion of the financial transaction data;
responsive to the selection of the first one of the two or more financial transaction items, visually distinguishing on the interface display the first one of the two or more financial transaction items, and choosing the first set of spending pattern report parameters;
preparing a spending report, by a report builder executed by the one or more processors in response to a request from the main logic, using the financial transaction data and the first set of spending pattern report parameters, the spending report being customized to the first type of visual display automatically selected based on historical transaction data collected, by virtue of using the first set of spending pattern report parameters to prepare the spending report;
utilizing the main logic to orchestrate the preparation of the report and requesting data from a data model; and
displaying the spending pattern report in the interface display, in response to a request from the main logic, within the context of the selected first one of the two or more financial transaction items, the spending pattern report comprising:
a visual representation of average spending associated with a characteristic of the selected first one of the two or more financial transaction items over a specified timeframe; and
a visual representation of actual spending associated with a characteristic of the selected first one of the two or more financial transaction items during the specified timeframe, wherein the visual representation of average spending, the visual representation of actual spending, and the visually distinguished first one of the two or more financial transaction items are displayed simultaneously in the interface display.

2. The system for displaying spending pattern data of claim 1 , wherein: the interface display is a transaction register and the financial transaction items are entries in the transaction register.

3. The system for displaying spending pattern data of claim 1 , wherein: the financial transaction items comprise specific payees.

4. The system for displaying spending pattern data of claim 1 , wherein: the financial transaction items comprise categories of one or more financial transactions.

5. The system for displaying spending pattern data of claim 1 , wherein: the financial transaction items comprise payment sources used in one or more financial transactions.

6. The system for displaying spending pattern data of claim 1 , wherein: the spending pattern report parameters chosen based on the selected financial transaction item comprise the period of time over which the average spending associated with the selected financial transaction item is determined.

7. The system for displaying spending pattern data of claim 1 , wherein: the spending pattern report parameters chosen based on the selected financial transaction item comprise the specified timeframe.

8. The system for displaying spending pattern data of claim 1 , wherein: the spending pattern report parameters chosen based on the selected financial transaction item comprise the form of the visual representation of average spending associated with the selected financial transaction item over the specified timeframe and the form of the visual representation of actual spending associated with the selected financial transaction item during the specified timeframe.

9. The system for displaying spending pattern data of claim 1 , wherein: the spending pattern report further comprises a data field for displaying text based data associated with the spending pattern report.

10. The system for displaying spending pattern data of claim 1 , wherein: the spending pattern report further comprises a related transactions field, the related transactions field for displaying selected specific financial transactions associated with the spending pattern report.

11. The system for displaying spending pattern data of claim 10 , wherein: the spending pattern report parameters chosen based on the selected financial transaction item comprise parameters for selecting the specific financial transactions associated with the spending pattern report to be displayed in the related transactions field.

12. A system for displaying spending pattern data comprising: a processor for executing a process for displaying spending pattern data, the process for displaying spending pattern data comprising: obtaining financial transaction data using the computing system implemented financial management system, the financial transaction data being of a party;
categorizing at least a portion of the financial transaction data using the computing system implemented financial management system; storing the financial transaction data;
providing a interface display on a display device, the interface display comprising a listing of two or more financial transaction items associated with the

Assignees

• Spies J W M
• Flora John Reed
• Intuit Inc

Inventors

• Spies J W M
• Flora John Reed

Classifications

• G06Q40/00 Primary

  Finance; Insurance; Tax strategies; Processing of corporate or income taxes · CPC title

• G06Q20/10

  specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems · CPC title

• G06Q30/0201

  Market modelling; Market analysis; Collecting market data · CPC title

• G06Q20/405

  Establishing or using transaction specific rules · CPC title

• G06Q10/00

  Administration; Management · CPC title