Transactional data is information that documents an exchange, agreement or transfer that occurs between organizations and/or individuals. It is a special category of data as transactions typically have commercial and legal significance. The following are common examples of transactional data.
PurchasesPurchases by a customer.
ReturnsA record that a customer returned an item that was accepted as returned by the seller.
InvoicesA bill for products or services.
PaymentsA payment towards a purchase or debt.
CreditsFunds are added to an account. For example, an ecommerce site credits a customer's account for a returned item.
DebitsFunds are removed from an account. For example, a bank customer withdraws money from their account.
TradesA trade that occurs on a market such as a stock market.
DividendsA company distributes funds to its shareholders.
Asset SalesSale/purchase of an asset such as land.
ContractsParties agree to a contract. For example, a customer loans money from a bank or purchases life insurance.
Interest A bank applies an interest charge on a loan.
PayrollAn organization pays an employee for work.
LendingA library lends a book to a patron.
ReservationsA hotel accepts a reservation for a room.
SignupsA customer joins an ecommerce site.
SubscriptionsA customer subscribes to a service.
Contractual Fees & PenaltiesA library assesses a fee for a late book and applies it to a patron's account.
DonationsAn individual donates funds to a charity.
|Definition||Information that documents an exchange, agreement or transfer between parties.|
|Notes||As an accounting term, transactions only include exchanges that involve money.As a business term, transactions can potentially include any agreement or exchange of commercial or legal significance. As a technical term, transactions are a special type of database operation.|
|Related Concepts||Types of DataTransaction ProcessingMaster Data|
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