Systems and methods for tagging real-time financial transactions

Abstract

A system, method, and computer-usable medium are disclosed for the automated management of financial resources. Manufacturer item data is received and processed to parse a manufacturer item identifier and any associated product item identifiers, which are then added to a repository of budget category, manufacturer item, and purchase item data if they are not already present. Purchase item transaction data is received and processed to parse individual purchase item identifiers (IDs) and their associated purchase item data. The purchase item data corresponding to the purchase item identifier, which in turn corresponds to a manufacturer item identifier, is then associated with a default or user-defined budget category identifier. If a user decides to modify existing purchase item ID and budget category ID associations, then a purchase item ID association is selected, followed by the selection of a target budget category ID. The association between the budget category ID and purchase item ID is then modified as either one-time or default association. A budget category ID is selected and its associated budget category allowance amount, budget category expenditure amount, and budget category variance amount are displayed.