Executive
Summary
Account
withdrawals and deposits, whether they be personal or business, are tracked by banks.
If withdrawals are made with debit or credit cards those transactions are
listed with the place where they were charged as well. Although most banks give
information on where the card was used and how much was charged, many do not categorize
the expenditure into personal or business budgets. Sorting through these
transactions can be tedious and time consuming, especially if it needs to be
done weekly or monthly. This program is designed to automate the majority of
the process of categorizing transactions taken from bank statements. With this
organizational system small businesses and individuals can easily extract their
transaction history from their online account, choose budgeting categories, automatically
categorize and sort transactions, and show monthly and running totals in
spending for each category and the amount of disposable funds. By using this
system the user can be more aware of where their money is going and can find
more efficient ways to allocate income.
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