System, method, and computer program product for automatically posting transactions associated with a transaction account into a general ledger

A system for automatically posting substantially all transactions associated with a transaction account to a general ledger of an accounting product, comprising:

• a storage device that stores categorized data;
• and
• a comparing device that compares received recent transaction data associated with a transaction account to the stored categorized data and generates a new transaction data portion of the recent transaction data;
• and
• a categorizing device that receives and categorizes the new transaction data portion and transmits the categorized new transaction to the storage device.

A computer program product for automatically posting substantially all transactions associated with a transaction account into a general ledger of an accounting product, the computer program product comprising a computer usable medium having control logic stored therein, said control logic comprising:

• first computer readable program code means for receiving recent transaction data associated with the transaction account;
• second computer readable program code means for comparing the recent transaction data to stored and categorized transaction data in the general ledger to determine a new transaction data portion of the recent transaction data;
• third computer readable program code means for categorizing the new transaction data portion;
• and
• fourth computer readable program code means for storing the categorized new transaction data portion in the general ledger.