What is a transaction?

Updated 1 year ago by Junie Zhu

A transaction is any document that needs to be verified and reconciled against a cash movement in your corporate bank account, either directly (bank deposit or withdrawal, supplier invoice, receipt, bill) or through an aggregated amount (expense claim). 

Examples of transactions may include:

  • A sales/supply invoice
  • A receipt for coffee or a taxi ride taken for business
  • A share capital payment
  • An expense claim reimbursement
  • A bank deposit or withdrawal
  • And many others…
You may also watch the video below on the definition of a transaction, and find out more about how Sleek can help you manage your transactions.


Did this answer your question?