Bookkeeper Explains: Transactions

The Bookkeeper Explains

What is a transaction?

A transaction can be summed up as a bank activity. When you purchase supplies, buy lunch for your employees, receive a payment from a customer, or make a payment on a credit card, these are all transactions. Each time money comes in or goes out of your bank, it is a transaction.

When we analyze your financial documents, we determine your approximate number of monthly transactions.

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