Accounting transactions practice is the professional practice of rigorously recording and analyzing financial information for businesses, organizations, and individuals. It involves detailed record-keeping of all transactions that take place within the scope of a given business or individual’s activities, including sales, purchases, income, expenses, assets, liabilities, and more. The goal of accounting transactions practice is to assess the financial health of a business or otherwise ensure compliance with applicable regulations. Through sound record-keeping and analysis, accounting transactions practice helps ensure accountability and transparency in business operations.