ENTERING TRANSACTIONAL DATA
Deposits, Credit Card Purchases
Entering Transactional Data is creating the record of each transaction with its relevant information. Transactions include checks written, deposits made, credit card purchases, etc.
Entering transactional data
such as, deposits, outgoing checks/EFT's, and credit card purchasesDeposits, Credit Card Purchases, etc.Entering Transactional Data is creating the record of each transaction with its relevant information. Transactions include checks written, deposits made, credit card purchases, etc.
Relevant information includes the date, vendor/client name, dollar amount, general ledger account, etc. Accurate transactional data entry will lead to more accurate financial statements which can be used for budgeting and cash forecasting, as well as, prepare you for meetings with your bankers and tax accountant.