US3019034A

US3019034A - Simplified accounting system

Info

Publication number: US3019034A
Application number: US852421A
Authority: US
Inventors: Richard F Mcbride
Original assignee: GEORGE D FINNERAN; MARION E MCBRIDE
Current assignee: GEORGE D FINNERAN; MARION E MCBRIDE
Priority date: 1959-11-12
Filing date: 1959-11-12
Publication date: 1962-01-30
Anticipated expiration: 1979-01-30

Description

Jan. 30, 1962 R. F. MCBRIDE SIMPLIFIED ACCOUNTING SYSTEM Filed Nov. 12, 1959 4 Sheets-Sheet 1 BAN) EALLNCE RECONCILE FIG. 2

INVENTOR. RICHARD F. Mc BRIDE 0, ATTY'S.

MAHONEY, MILLER & RAMV BYd I E Jan. 30, 1962 R. F. MCBRIDE 3,019,034

SIMPLIFIED ACCOUNTING SYSTEM Filed Nov. 12, 1959 4 Sheets-Sheet 2 0:4 c'umr AECD TS LEDGKR ni'lr FIG. 3 R

LEDGER cRimr DEBIT FIG. 4

INVENTO'R. RICHARD F. McBRIDE BY MAHONEY, MILLER & RAMBO, ATT "S.

Jan. 30, 1962 R. F. MCBRIDE 3,01

SIMPLIFIED ACCOUNTING SYSTEM Filed NOV. 12, 1959 4 Sheets-Sheet 3 FIG. 5

INVENTOR. RICHARD F. McBRlDE BY 'MAHONEY, MILLER 8. RAhgO, ATTY'S.

Jan. 30, 1962 R. F. MCBRIDE SIMPLIFIED ACCOUNTING SYSTEM 4 Sheets-Sheet 4 Filed NOV. 12. 1959 INVENTOR. RICHARD F. McBRIDE MAHONEY, MILLER & RAM ATTY)'$.

dq$W 77 11 United States Patent Ofiice 3,019,034 Patented Jan. 30, 1962 3,019,034 SIMPLIFIED ACCOUNTING SYSTEM Richard F. McBride, Columbus, Ohio, assignor of ninety percent to Marion E. McBride, Columbus, Ohio, and ten percent to George D. Finneran, Worthington, Ohio Filed Nov. 12, 1959, Ser. No. 852,421 1 Claim. (Cl. 28366) My invention relates to a simplified accounting system. It has to do, more particularly, with a system employing accounting sheets that are used in superimposed relationship and all but the lowermost of which are diedout in a predetermined manner so they have cooperating openings of predetermined sizes arranged in a pre determined manner. The system is such that it enables inexperienced personnel to handle the complete bookkeeping for any business through the use of such diedout accounting sheets on which the printed matter can be predesigned to fit each respective business as to terminology.

As an example of this system, I disclose five accounting sheets, comprising four entry sheets and one reconcile or master sheet, which, when used in proper sequence, will provide all the pertinent data necessary to balance and close the books after a predetermined period of making entries on the sheets. These sheets include the four sheets which are used in the general course of business and upon which entries are made as necessary, and which comprise a general expense ledger sheet, a payroll ledger sheet, and an accounts ledger sheet, and a cash receipt ledger sheet which are grouped superimposed in that order from bottom to top. These sheets receive the usual entries and when the books are to be balanced and closed for a selected period, a fifth sheet, which is the master or reconcile sheet, is superimposed on the group of entry sheets. All but the lowermost of the four entry sheets and the reconcile sheet are diedout in such a relative manner that the openings therein expose all the pertinent totals through the reconcile sheet which are necessary to reconcile the bank balance, the accounts receivable, and the profit and loss statement.

In the accompanying drawings, I have illustrated a series of died-out accounting sheets as an example of a series of sheets which can be used in the accounting system of my invention.

In these drawings:

FIGURE 1 is a plan view of a master or reconcile sheet used in the system.

FIGURE 2 is a plan view of a cash receipt sheet used in the system.

FIGURE 3 is a plan view of an accounts ledger sheet used in the system.

FIGURE 4 is a plan view of a payroll ledger sheet used in the system.

FIGURE 5 is a plan view of a sheet used in the system.

FIGURE 6 is a plan view showing how the sheets are superimposed and used in the reconciliation operation to balance and close the books.

In balancing and closing the books, the series of forms which I provide are superimposed as in FIGURE 6 in an order reverse as to the order in which they are illustrated in FIGURES 1 to 5, inclusive. These forms are given as an example and are suitable for an insurance agency business.

Thus the general expense ledger form 103, shown in FIGURE 5, is lowermost. This lowermost form is not provided with any died-out openings since it is to be lowermost. It is divided by a heavy vertical line printed on the form to separate the credit side of this ledger sheet from the debit side which are designated by the printed words Credit and Debit." The first column general expense ledger on this ledger sheet in which accounting figures will be placed is on the credit side and is designated A printed on the form as indicated. Under the credit and debit sides of this ledger sheet, other suitable columns appear with suitable printed headings to classify the general expense disbursements. In addition to these columns, this ledger sheet is provided with a printed box designated 11 at the upper left-hand corner. This box 11, as shown, is used as a space in which to place the total of column A when the accounting period, such as a month, is com pleted. Column A on this ledger sheet is for all the checks issued for general expenses during the month. This general expense ledger is further provided with a lower series of printed boxes designated 12 in vertical alignment with the upper box 11. These series of boxes correspond as to classification to all of the columns on this ledger sheet that appear to the right of the heavy line on the debit side, and are classified as Oflice Supply, Postage, Advertising, Rent, Telephone, Entertainment, Fees and Licenses, and Miscellaneous. Again at the close of the accounting period, the total from each of these right-hand columns is placed in its designated box which appears in the series of boxes 12.

The next uppermost sheet is shown in FIGURE 4 and is the payroll ledger form designated 102. It is also divided by a heavy vertical line printed thereon as indicated, to separate the credit side of this ledger sheet from the debit side, which are designated by the appropriate printed words. The first column on this ledger sheet in which accounting figures will be placed is designated by the letter A which is printed thereon as indicated and which column is at the credit side and is for all the checks issued for payroll during the accounting period. This form is provided with an upper died-out opening at 13 and a lower died-out opening at 15 which are in vertical alignment. Directly under died-out opening 13 is a printed box 14, again which box is provided to capture the total from column A of this form at the end of the accounting period. This sheet is further provided with a printed box 16, directly above the died-out opening 15, and this box 16 is also provided to capture the total of column A at the close of the accounting period. Also, this ledger sheet is provided with lower printed

boxes

17 and 18. Columns designated by the printed letters B, C and D are provided at the credit side of this form and are for Federal Tax Withheld, Social Security Withheld, and City Tax Withhheld, respectively. The box 17 is to capture the total from the columns B, C and D at the end of the accounting period. The box 18 is to capture the total of column C. Thus far, by placing form 102 over form 103 I have grouped together the total of column A from form 103 (FIGURE 5) through the died-out opening or window 13 with box 14 on this ledger sheet form 102 which contains the total from column A of this form 102. I have further grouped together all the totals from the remaining columns of form 103 with the total of column A of form 102 (FIGURE 4) by using died-out opening or window 15 and associated box 16, the said remaining columns of 'form 103 appearing through window 15. I have further captured the totals from columns B, C and D of form 102 in the box 17 and the total from column C in the box 18, which, on form 102, are all the payroll taxes withheld.

The next uppermost sheet is illustrated in FIGURE 3 and is the Accounts Ledger form 101. It is divided by a printed vertical heavy line as shown to separate the credit side of this ledger sheet from the debit side which are appropriately designated. This form 101 is provided with a died-out opening 19 at the upper left corner and a vertically aligned died-out opening 21 below it. Also it is provided with a lower died-out opening 24 spaced inwardly of the other openings. The first column on this ledger 3 sheet in which accounting figures will be placed is designated by the letter A printed thereon and is on the credit side of the form, being provided for all checks issued on the Accounts Ledger. Directly under the died-out opening 19 is a printed box which is provided to capture the total from the column A of this form 101 at the end of the accounting period. This form 101 is further provided with a printed box 22, which is used to capture the total from a column at the debit side on this form 103 which is designated by the printed letter C and is for Accounts Receivable. This form is further provided with a printed. box 23 below and in vertical alignment with the box 22 to capture the total from the column on the credit side of this form which is designated by printed letter B and which is for Earned Commissions. are captured at the end of the accounting period. The died-out opening or window 19 in this form is twice the height of the opening 13 in the form 102. The opening or window 21 in this form is a large vertical opening which corresponds to the combined height of the opening 15 and the box 16 of the form 102. Now when this form 101 is superimposed on the form 102 which is superimposed on the form 103, I have these results: Through the window 19 show the totals from the box 14 of the form 102 (FIG- URE 4) and the box 11 of the form 103 (FIGURE 5). Through the window 21 show the totals from the box 16 of the form 102 (FIGURE 4) and the boxes 12 of the form 103 (FIGURE 5). Further showing through the window 24 are the totals from the

boxes

17 and 18 of the form 102 (FIGURE 4). In addition, I have picked up the total from column C of the form 101 in box 22 of the form 101 and the total from column B of the form 101 in the box 23 of the form 101.

The next uppermost sheet is shown in FIGURE 2 and is the Cash Receipts ledger form designated 100. divided by a printed heavy vertical line to separate the debit side of this ledger sheet from the credit side and the respective sides are properly designated. This form 100 is provided with a died-out opening or window at and a died-out opening or window at 26 which are in vertical alignment. It is further provided with a died-out opening at 27, a died-out opening at 29 and a died-out opening at 31 which are in vertical alignment. The first column on this ledger sheet in which accounting figures wiil be placed is designated by the printed letter A which is at the debit side and is for Amount of Deposit. Directly to the right of the opening 25 is a printed box 26a and this is the box provided on this ledger form to capture the total from the column A at the end of the accounting period. This form is further provided with the columns at the credit side which are designated by the printed letters B, C and D, and which are for Cash Exchange, Earned Commission and Accounts Receivable, respectively. This form 100 is further provided with a printed box 28 directly below and aligned with the opening 27 to capture the total from the column D at the end of the accounting period. This ledger is also provided with a printed box directly below and aligned with the opening 29 to capture the total from column C at the end of the accounting period. The opening 25 at the upper left corner of this form 100 is of an area corresponding to that of the opening 19 plus the box 20 of the form 101. The opening 26 corresponds in size to the opening 21 of the form 101. The opening 31 in this form 100 is of the same size as the opening 24 in the form 101.

Now by superimposing this form 100 (FIGURE 2) on top of the form 101 (FIGURE 3) which is superimposed on the form 102 (FIGURE 4) which is superimposed on the form 103 (FIGURE 5) I have accomplished the following: I have grouped together through the died-out window 25 of form 100 (FIGURE 2) the totals from the box 11 of form 103 (FIGURE 5) with the total from the box 14 of form 102 (FIGURE 4) along with the total from the box 20 of the form 101 (FIGURE 3). I have further grouped together the total from the box 22 of These totals It is the form 101 (FIGURE 3), through the window or opening 27 of the form (FIGURE 2), with the total from the box 28 on this form 100 (FIGURE 2). I have also grouped together the total from the box 23 of the form 191 (FIGURE 3), through the window or opening 29, of the form 10%, with the total from the box 30' on this form 100. I have also grouped together, through the window or opening 26 on this form 100 (FIGURE 2), the totals from the vertical boxes 12 on the form 103 (FIGURE 5) with the total from the box 16 on the form 102 (FIGURE 4). I have also, through the window or opening 31 on this form 100 (FIGURE 2), exposed the totals from the

boxes

17 and 18 which appear on the form 102 (FIGURE 4). In addition, I have captured the total of the column A on this form 100 (FIGURE 2) in the box 26a of this same form. I have also captured the total of column D of this form 100 in the box 28 and the total of the column C of this form 100 in the box 30 on this form 100 (FIG- URE 2).

The reconcile sheet is indicated in FIGURE 1 and is designated form 00. It preferably is printed to divide it into a Bank Balance Reconcile section 35 extending horibontally across the sheet and separated from the lower portion of the sheet by heavy printed horizontal lines. In this section 35, or" this form 00 (FIGURE 1) I have provided a died-out opening or window 37, and a diedout window or opening 39. Through the window opening 37, which is of the same area and coincides with the window 25 in the form 100, when the reconcile sheet is superimposed over the other sheets which have been superimposed as indicated above, appear the following totals: The total from the box 11 appearing on the form 103 (FIGURE 5) with the total from the box 14 appearing on the form 102 (FIGURE 2), plus the total from the box 20 appearing on the form 101 (FIGURE 3). These three total figures are the totals carried over from the respective column A on each of the three

sheets

101, 102 and 103, and represent the total cash disbursements for this given accounting period. Through the died-out opening or window 39 of this section will appear the total from the box 25a appearing on the form 100 (FIGURE 2). This total again will be the total figure carried from the column A of the form 100 (FIGURE 2) to the box 26a which will amount to the total cash receipts for this accounting period. In addition to these windows or openings 37 and 39' in the section 35 of this reconcile form 00, I have a series of vertical boxes $74: printed thereon for Total Cash Disbursements in which to transcribe those figures appearing through the window 37. I also have a box 39a printed thereon in this section 35 in which to capture the Total Cash Receipts appearing through the window 39. I now have my total cash disbursements and my total cash receipts in

boxes

37a and 39a, respectively. This reconcile form 00 contains suitable indicia as to now reconcile the bank account balance with the check book.

The reconcile sheet is further divided into a section 36 which extends horizontally across the middle of the reconcile sheet and which is designated Accounts Receivable Reconcile. On this form 00 (FIGURE 1) I have further provided to the left of the section 36 a died-out window or opening 40 which corresponds to the opening 27 and the box 28 of the sheet 100 (FIGURE 2) when the recorp cile sheet is positioned uppermost on the other superim posed sheets. Through this window 40 will appear the following totals: The total from the box 22 on the form 101 (FIGURE 3) which is the Accounts Ledger, such total coming from the column C of this same Account Ledger form 101 and being classified as Total Charges to Accounts Receivable, plus the total from the box 28 on the form 100 (FIGURE 2) which total is captured from the column D on this form 100 and is carried over to the box 28 on the form 100. Such total is classified on the form 00 as Total Credits to Accounts Receivable. I now have appearing through this window 40 adjacent the section 36 on the form 00 (FIGURE 1) the total charges and total credits to accounts receivable. Also in the section 36 of this form to the immediate right of this window 40 I have printed boxes 40a and 4011, respectively, in which to transcribe the totals appearing through the window 40. It is now a simple matter to subtract the total credits to accounts receivable in the box 4017 from the total charges to accounts receivable in the box 40a to produce the Accounts Receivable Balance for this accounting period which is entered in the printed box 40c. This balance added to the previous accounts receivable balance entered in the printed box 40d will give the control figure on the accounts receivable and is entered in the printed box 40c as an Accounts Receivable New Balance. It will be noted that boxes 40d and 402 are to the immediate right of boxes 40a, 40b and 40a in the section 36 to enable a simple reconciliation of the actual accounts receivable.

This form 00 (FIGURE 1) is further divided by printed lines into the section 35a which is classified as the Profit & Loss Statement. Adjacent this section 35a of form 08 (FIGURE 1) there are also died-out openings or

windows

38, 41 and 42. The Window 33 is of the same size and corresponds with the opening 26 in the form 100 and aligns vertically with the opening 37 in the form 00. The window 41 is of the same size and area and aligns with the opening 29 plus the box 30* of the form 100. It is in vertical alignment with the opening 40 as is the lower opening 42. The opening 42 is of the same size and aligns with the opening 31 of the form 100. With the sheets superimposed as indicated, through the window 41 will appear the total from the box 23 of the form 101 (FIG- URE 3) which total is carried over from the column B on this same form 101 and classified as Total Earned Commission. Also through this window 41 will appear the total from the box 30 of the form 100 (FIGURE 2) which total is carried over from the column C on this Cash Receipt form 100 and classified as Total Earned Commission also. By adding these two totals together I now have our Total Earned Commission (earnings in an insurance agency). Now to the right and slightly below this window 41 on the form 00 (FIGURE 1) in section 35a, I have a printed open box 41a which is classified as Total Earned Commission and in which to carry the total from the sum of the two figures appearing through the window 41. Also in this section 35:: to the left and below the window 41 is the died-out opening or window 38, previously mentioned. Through this window 38 will appear, the following totals: The totals from the vertical boxes 12 on the form 103 (FIGURE which totals are carried over from the corresponding columns on this form 103 (FIGURE 5) and classified as Office Supply, Postage, Advertising, Rent, Telephone, Entertainment, Fees & Licenses, and Miscellaneous, as previously explained. In addition to these totals, there will appear through the opening 38, the total from the box 16 of the form 102 (FIGURE 4) which total was carried over to this box 16 from the column A on this same form 102 and classified as Net Payroll. The opening 38 is designated Total General Expenses. Now I have the total general expenses and the total net payroll appearing through this window 38 of the form 00 (FIGURE 1). Below the open box 41a on the form 00 I have printed open box 38a and this is classified as Total Paid Expenses. Now all I have to do is subtract the total expenses paid (open box 38a) from the total earned commission (open box 41a) to get a gross profit or loss figure which would go into printed open box 41b immediately below the open box 38a. Box 41b is designated Loss or Profit. Through the window 42 of this form 00 will appear the totals from

boxes

17 and 18 which appear on the form 102 (FIGURE 4) which is the Payroll Ledger. Box 17 total on this Payroll Ledger form 102 will be the total carried over of the sum of columns B. C and D which, as previously indicated, are Federal Tax Withheld, Social Security Withheld, and City Tax Withheld. As mentioned previously, the totals of all three of these columns B, C and D are carried over and placed in the box 17. In the box 18 the total only from the column C (Social Security Withheld) is carried over inasmuch as the employer must match all social security withholding, each contributing 3%. Also in the section 35a of the form 00 (FIGURE 1) to the right of window 42 and immediately below box 41b will be found a printed box 42b in which to transcribe the total of the figures appearing through the window 42 on this form 00 and this box 42b is classified as Less Total Accrued Taxes. Now it is a simple matter to subtract the total accrued taxes (open box 4212) from the loss or profit (open box 41b) and arrive at the net profit or loss figure for this accounting period. This is entered in printed box 43 directly below the box 42b.

I have further divided this form 00 (FIGURE 1) into section 36a and classified this section as the Balance Sheet. This section 36a on the form 00 (FIGURE 1) is divided by a printed heavy vertical line. The printed open boxes to the left of the heavy line are classified collectively as Assets and the open boxes to the right of the heavy line are classified collectively as Liabilities. On the Asset side of this section 36a is placed the difiference between the

boxes

37a and 39a which appear in section 35 of this form 00. This total is placed in the open box 44 on the asset side of the section 36a of form 00. Immediately below the open box 44 is an open box 45. In this box I place the total from the box 40a which appears in the section 36 of this form 00 (FIGURE 1). On the liability side of this balance sheet, section 36a, the first open box, is designated 46. In this open box I place the total from the box 401) of the section 36. Immediately below this open box 46 is an open box 47 printed thereon. In this open box 47 is placed the total from the open box 42b which appears in the section 35a. Immediately below open box 47 on the liability side of section 36a and below open box 45 on the asset side of section 36a are two blank open boxes designated boxes 48 and 43 in which any unusual assets or liabilities encountered in a given accounting period can be placed. Immediately below these

open boxes

48 and 49 are

open boxes

50 and 51, respectively. These open boxes are designated profit or loss and the total from open box 43 of section 35a is placed in either open box 50 or open box 51, depending on whether or not this total from open box 43 is a profit or a loss. If this total from open box 43 is a profit, then it will go into open box 50. If this total from box 43 of section 35a is a loss, then this total is placed in open box 51. By following these instructions, the balance sheet (section 36a of this form 00) will exactly total the same as to assets and liabilities.

As previously indicated the use of the sheets which 1 have given as an example, the sheets must be kept in the following sequence, which is indicated in FIGURE 6, to produce the wanted results: Form No. on top of form No. 101 and these two forms on top of No. 102 and these three forms on top of No. 103. Form No. 00 is used at the end of any given accounting period and is placed on top of the other forms after they have been totaled and the totals placed in the corresponding box to the left side of each sheet which carry identification letters corresponding with the columns on each sheet from which these totals are to be taken. The die-outs of each sheet are critical and are physically designed as to size and location so as to bring together the totals necessary for balancing the books. For example, column A of form No. 103 (entry in box 11) must be totaled with column A of form No. 102 (entry in box 1 and form No. 101 (entry in box 20), all of which show through the

openings

25 and 37 of the

forms

100 and 00, in order to determine the total disbursements to reconcile the bank balance. Thus, as indicated, form No. 1 02 is died-out at 13 in such a manner that when it is placed over form No. 1% the total disbursements from form No. 103 in box 11 are directly above the total disbursements of form No. 102 in -box 14. Form No. 101 is died-out at 19 (the size of this opening being neces sarily larger) so that when it is placed over forms No. 103 and No. 102, all cash disbursements are grouped together. Form No. 100 carries no cash disbursements so it is merely died-out at 25 (again this opening being larger to enable all three total figures to appear grouped together), Thus, form it is placed over all the other forms in their prescribed sequence, all pertinent totals necessary for entry in the section 35 to reconcile and balance the bank balance appearing through the died-out

portions

37 and 39 of this form No.

The same principle applies to the accounts receivable reconcile section 36. However, forms No. l d-'3 and N92 have no information applicable to accounts receivable; hence, there is no information to obtain from these two forms which would be pertinent to accounts receivable reconcile. However, form No. 101, the accounts ledger, does have the box 22 lettered column C to capture total charges to accounts receivable. Form No. 109' being the cash receipts ledger sheet has the box 28 lettered column D to capture the total credits to accounts rcceiva-ble. Again, form No. 100 is died-out in such a man ner at 27 so that the total charges to accounts receivable as appears on form No. 101 appear through this died-out portion on form No. 100 to physically group together the total charges to accounts receivable and the total credits to accounts receivable to enable a reconcile and control of the accounts receivable balance by again placing form No. 00 over all the other forms. Form -00 is died-out at 40 in such a manner that these two totals pertinent to accounts receivable reconcile and control are plainly visible and physically grouped together to enable a reconcile and control of the accounts receivable portion of this accounting system.

Furthermore, in this example, the total commission earned, total expenses paid, and accrued payroll taxes must be captured so a profit and loss statement can be compiled. Form No. 101 has a box lettered B to capture the total earned commission from the accounts ledger. Therefore, form No. has the box 30 designated column C which likewise captures earned commission. Again, form No. 100 is died-out at 29- in such a manner that the total commission as reflected by form No. 101 in the box 23 appears directly above the total commission earned as reflected by form No. 100. Also, form No. 00 is died-out at 41 in such a manner that the totals from both of these sheets appear through this opening 41 to reflect the total commission earned for any given accounting period. Form No. 103 captures and classifies the general expenses. Form No. 102 captures only the net payroll expended as reflected by the box 16 marked column A and the total accrued payroll taxes as reflected by box 17 marked BCD and the box 18 marked column C.

Form No. 102 is died-out at in such a manner that the net payroll appears in the same column as the general expenses. 00 are all died-out in the same manner at 21, 26 and 38,

Form No. 101 and No. and form No. a

respectively, to allow the totals pertinent to expenses from form No. 103 and No. 102 to appear grouped together to enable the compiling of the profit and loss statement.

Again, because of the physical construction of each sheet as to size of died-out portion and location of same, not only do all total figures appear through the reconcile form No. 0%, but they are physically located so that relatcd totals are grouped together to enable any inexperienced person to balance and close the books.

it is apparent from the above that my invention provides a simplified accounting system employing accounting sheets that are used in superimposed relationship and all but the lowermost of which are died-out in a predetermined manner so that they have cooperating openings of predetermined sizes arranged in a predetermined manner. The system is such that it enables inexperienced personnel to handle the complete bookkeeping for any business through the use of such died-out accounting sheets on which the printed matter can be predesigned to fit each respective business as to terminology.

Having thus described my invent'on, what I claim is:

An accounting system comprising five sheets consisting of four entry sheets used in predetermined sequencein a superimposed grouped relationship and a master sheet used at the top of the group, said entry sheets consisting of a first general expense ledger sheet, a second payroll ledger sheet, a third accounts ledger sheet, and a fourth cash receipt sheet, and the master sheet being a reconcile sheet, and all the sheets being superimposed in that order from bottom to top, said first lowermost general expense ledger sheet being free of openings but having various entry boxes, said second payroll ledger sheet having openings exposing said entry boxes of the first sheet and additional entry boxes adjacent the openings, said payroll ledger sheet also having additional separate entry boxes, said third accounts ledger sheet having openings exposing the openings in the payroll ledger sheet and the additional entry boxes adjacent such openings and having still additional entry boxes associated with said openings and also having separated boxes for additional entries, said third accounts ledger sheet having an additional opening for exposing said additional separate entry boxes on the payroll ledger sheet, said fourth cash receipt ledger sheet having openings exposing said openings in the accounts ledger and the entry boxes associated therewith, additional openings exposing said separated entry boxes, and another opening corresponding to the said additional opening in the third sheet, said reconcile sheet having openings corresponding to all of said openings in said fourth sheet and having additional entry boxes associated with some of the openings.

References Cited in the file of this patent UNITED STATES PATENTS Haberfeld June 15. 1959