Transactional data refers to the detailed records of all financial transactions that occur within a business or organization. This includes information such as the date, time, amount, and parties involved in each transaction. It also encompasses data related to the method of payment, such as credit card numbers or bank account information. Transactional data is crucial for businesses to track and analyze their financial activities, identify patterns and trends, and make informed decisions. It is often stored in databases and can be used for various purposes, including accounting, auditing, and fraud detection. In today’s digital age, with the rise of e-commerce and online transactions, the volume and complexity of transactional data have significantly increased, making it a valuable source of information for businesses to gain insights and improve their operations.