SYSTEMS AND METHODS FOR CASH BASED ACCOUNTING IN A GENERAL LEDGER
Systems and methods are disclosed for facilitating cash based accounting. In one exemplary embodiment, there is provided a method that includes, for example, providing a cash ledger. The cash ledger may contain at least one line item and a clearing account. The method may include posting a payment, which contains at least one line item, to a bank account and clearing a business partner account by posting the payment against the business partner account. The method may also include determining a revenue account from the cleared business partner account and clearing the at least one line item in the payment.
1 .- 18 . (canceled)
19 . A non-transitory computer-readable storage medium storing computer-executable instructions, which, when executed by a processor, cause the processor to perform a method for cash-based accounting for an entity, the method comprising:
recording an incoming payment on a bank statement as a debit of a specific amount for an unknown account;
associating a dummy identifier with the incoming payment;
generating a business partner invoice for the specific amount, the business partner invoice having an account identifier;
receiving, from a business partner, a cash payment of the specific amount corresponding to the business partner invoice;
balancing a bank clearing sheet based on the debit of the specific amount corresponding to the dummy identifier and a credit of the specific amount corresponding to the account identifier; and
inserting, in a clearing account, the debit of the specific amount corresponding to the dummy identifier as a credit and the credit of the specific amount corresponding to the account identifier as a debit.
20 . The non-transitory computer-readable medium of claim 19 , wherein the method further comprises:
inserting the credit of the specific amount on the bank clearing sheet corresponding to the debit of the specific amount on the bank statement.
21 . The non-transitory computer-readable medium of claim 19 , wherein the method further comprises:
inserting the debit of the specific amount in a receivable account indicating the cash payment owned by the business partner; and
inserting the credit of the specific amount in a revenue account indicating the cash payment expected from the business partner.
22 . The non-transitory computer-readable medium of claim 19 , wherein the method further comprises:
associating the cash payment with the account identifier; and
inserting, according to the cash payment, the credit of the specific amount in the receivable account and the debit of the specific amount in the bank clearing sheet.
23 . The non-transitory computer-readable medium of claim 19 , wherein the method further comprises clearing the cash payment based on the clearing account.
24 . The non-transitory computer-readable medium of claim 19 , wherein the method further comprises replacing the clearing account with a bank account by a retrospective projection mechanism.
25 . The non-transitory computer-readable medium of claim 24 , wherein the bank account associating the cash payment with the account identifier.
26 . A method for cash-based accounting for an entity, comprising:
recording an incoming payment on a bank statement as a debit of a specific amount for an unknown account;
associating a dummy identifier with the incoming payment;
generating a business partner invoice for the specific amount, the business partner invoice having an account identifier;
receiving, from a business partner, a cash payment of the specific amount corresponding to the business partner invoice;
balancing a bank clearing sheet based on the debit of the specific amount corresponding to the dummy identifier and a credit of the specific amount corresponding to the account identifier; and
inserting, in a clearing account, the debit of the specific amount corresponding to the dummy identifier as a credit and the credit of the specific amount corresponding to the account identifier as a debit.
27 . The method of claim 26 , further comprising inserting the credit of the specific amount on the bank clearing sheet corresponding to the debit of the specific amount on the bank statement.
28 . The method of claim 26 , further comprising:
inserting the debit of the specific amount in a receivable account indicating the cash payment owned by the business partner; and
inserting the credit of the specific amount in a revenue account indicating the cash payment expected from the business partner.
29 . The method of claim 26 , further comprising:
associating the cash payment with the account identifier; and
inserting, according to the cash payment, the credit of the specific amount in the receivable account and the debit of the specific amount in the bank clearing sheet.
30 . The method of claim 26 , further comprising clearing the cash payment based on the clearing account.
31 . The method of claim 26 , further comprising replacing the clearing account with a bank account by a retrospective projection mechanism.
32 . The method of claim 31 , wherein the bank account associating the cash payment with the account identifier.
33 . A system for cash-based accounting for an entity, comprising:
a memory configured to store instructions and accounting data; and
a processor configured to execute the instructions for processing the accounting data, the instructions causing the processor to:
record an incoming payment on a bank statement as a debit of a specific amount for an unknown account;
associate a dummy identifier with the incoming payment;
generate a business partner invoice for the specific amount, the business partner invoice having an account identifier;
receive, from a business partner, a cash payment of the specific amount corresponding to the business partner invoice;
balance a bank clearing sheet based on the debit of the specific amount corresponding to the dummy identifier and a credit of the specific amount corresponding to the account identifier; and
insert in a clearing account, the debit of the specific amount corresponding to the dummy identifier as a credit and the credit of the specific amount corresponding to the account identifier as a debit.
34 . The system of claim 33 , wherein the instructions further cause the processor to:
insert the debit of the specific amount in a receivable account indicating the cash payment owned by the business partner; and
insert the credit of the specific amount in a revenue account indicating the cash payment expected from the business partner.
35 . The system of claim 33 , wherein the instructions further cause the processor to:
associate the cash payment with the account identifier; and
insert, according to the cash payment, the credit of the specific amount in the receivable account and the debit of the specific amount in the bank clearing sheet.
36 . The system of claim 33 , wherein the instructions further cause the processor to clear the cash payment based on the clearing account.
37 . The system of claim 33 , wherein the instructions further cause the processor to replace the clearing account with a bank account by a retrospective projection mechanism.
38 . The system of claim 37 , wherein the bank account associating the cash payment with the account identifier.