Abstract: A computer-based accounting system has sub-ledgers, a general ledger and centralized distributions. The sub-ledgers are adapted to record transaction information. The general ledger is adapted to record transaction information from general ledger transactions and information representative of the transaction information from each of the sub-ledgers. The centralized distributions is a repository of distribution lines corresponding to the transaction information contained in the general ledger and the sub-ledgers. The centralized distributions is adapted to associate each distribution line with an originating transaction, allowing the originating transaction to maintain control of its distribution lines.

Abstract: A computer implemented method for recording financial information is provided. The method includes identifying a transaction as recurring. A recurring transaction occurs multiple times according to a frequency value. The method also includes creating two or more transactions from the recurring transaction according to the frequency value.

Abstract: A computer-implemented financial system that includes a user interface for entering transaction header data, which includes a transaction header amount. The financial system also includes a distribution type component that associates the transaction header amount with at least one distribution type (named category with associated characteristics) of multiple distribution types. The distribution type component also utilizes the at least one distribution type associated with the transaction header amount to build at least one transaction distribution line corresponding to the transaction header amount. Additionally, the distribution type component links the at least one distribution type with the at least one distribution line. The linked at least one distribution type dictates what actions can be performed on the at least one distribution line.