System and method for the payment and accounting of petty disbursements
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United States of America Patent
Stats
-
Nov 23, 2010
Grant Date -
Feb 6, 2003
app pub date -
Aug 3, 2001
filing date -
Aug 3, 2001
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A system and method for the payment of petty cash disbursements is disclosed wherein a tree structure of linked purchasing cards is constructed according to a real-life organizational structure of persons able to authorized the expenditures of the petty cash. A central computer facility is used to maintain the structure and to facilitate the modification of the expenditure limits for the purchasing cards and the movement of cash between a master account and the accounts of each of the purchasing cards to cover purchased made thereby.
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