(also transaction data, transaction information)
Transactional data definition
Transactional data is a type of data that contains variables derived from transactions, such as their date, time zone, or currency. Transactional data is not limited to financial transactions — it can be produced by workplace (like an email exchange), logistic (receipt of delivery), and other types of transactions.
Transactional data is one of three main types of enterprise data and interacts directly with the others — master data and analytical data. Transactional data is dependent on master data (the subjects and objects of the transactions — the parties and items involved) and may be analyzed to produce analytical data (useful values for decision making).
Examples of transactional data
- Sales data: When an item was sold, how much of it was sold, and any important circumstances of the sale (such as discounts).
- Purchase data: The number of items purchased, the price per unit, and the terms of payment.
- Payment data: The details of a specific payment, such as the payment method used, amount paid, and the date of the transaction.
- Order data: Information about when a client’s order was placed and if there are any special delivery requirements.
- Delivery data: When the delivery of goods or services took place and whether the delivered product had any defects.