WebMail 
LiveChat 
How to Track and Control All the Transactions in Your Business
Maintaining a record of all the money coming in and out of your business is crucial for many reasons. It helps you spot patterns and better manage cash flow, and strategize for future growth. It’s also important to keep track of your expenses to keep within your budget.
There are a myriad of ways to keep track of the transactions that occur in your business, from automated systems and accounting software to Excel spreadsheets or manual tracking methods. Each method has its advantages and disadvantages, but all of them will help you keep your records organized and have a clear understanding of your company’s financial health.
When each automated step is completed and the automated step is completed, a transaction number will be assigned to the number. This number is a transaction ID that will be recorded in the various different systems that make up the transaction. This allows for all the information to be traced back to the source regardless of whether it has been processed through multiple systems of different companies.
This process of tracing transactions would make the process messy and time-consuming as it requires the manual matching of invoices to statements of credit card or payments. It can take a long time to complete each stage particularly if customers do not include their invoice numbers when they pay. This is why tracking control is important – it provides top-tier observability by stitching together information from multiple mainframes and databases, servers and applications.
