Intuit Inc.
System and method for automatic assistance of transaction sorting for use with a transaction management service

Abstract:

A system and method for use with a data management service provides automatic assistance of transaction data sorting to an account based on account name inferences. A table is generated from transactions that have been previously sorted to accounts, in which the table contains occurrence frequencies of associations between merchants and accounts. The occurrence frequencies of the table are utilized to analyze an unsorted transaction. The merchant associated with the unsorted transaction is matched to a merchant of the table. The occurrence frequencies of the accounts of the table associated with the matched merchant are determined. The accounts of the table are matched to accounts of the user's chart of accounts. A determined likelihood account is calculated for the unsorted transaction for account sorting.