| |
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.|
Type | Data | 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 |
Data
This is the complete list of articles we have written about data.
If you enjoyed this page, please consider bookmarking Simplicable.
© 2010-2023 Simplicable. All Rights Reserved. Reproduction of materials found on this site, in any form, without explicit permission is prohibited.
View credits & copyrights or citation information for this page.
|