Methodology and System for Cash Handling and Accountancy Services

A method, comprising the steps of:

• accessing, at a computer at a customer end, Internet web-page content from a provider end for obtaining access to virtual cash handling and accountancy services from an application server of the provider end for managing financial data, wherein the financial data includes one or more cash handling data entries and one or more accountancy data entries;
• utilizing a cash module processor of the application server for causing the provider end to broker movement of cash funds to/from a customer end financial institution cash account at a customer end financial institution that is associated with the customer end and a payer/payee end financial institution cash account at a payer/payee end financial institution that is associated with a payer/payee end by way of a provider end financial institution cash account at a provider end financial institution that is associated with the provider end, wherein the cash module processor is utilized for conducting the steps of
• interfacing with a financial institution database associated with one or more financial institution ends including the customer end financial institution, the payer/payee end financial institution and the provider end financial institution for
• executing a customer-end authorized cash handling movement instruction that is received by the provider end for the purpose of
• moving an amount of cash funds to/from the customer end financial institution cash account at the customer end financial institution and the payer/payee end financial institution cash account at the payer/payee end financial institution by way of the provider end financial institution cash account at the provider end financial institution;
• utilizing the cash module processor of the application server for processing the one or more cash handling data entries, wherein the processing the one or more cash handling data entries step includes the step of
• creating one or more cash handling journal entries that is/are written to a virtual real-time, true cash ledger, wherein the virtual real-time, true cash ledger contributes to a virtual financial statement;
• and
• utilizing an accounting module processor of the application server for processing the one or more accountancy data entries, wherein the processing the one or more accountancy data entries step includes the step of
• creating one or more accounting journal entries that is/are written to a virtual general ledger, wherein the virtual general ledger contributes to the virtual financial statement, wherein, responsive to one of the creating one or more cash handling journal entries step and the creating one or more accounting journal entries step, further comprising the step of
• utilizing the application server for reconciling the one or more cash handling data entries with the one or more accountancy data entries.