Journal Transactions are the official measurement of a business’ financial activity, marking the start of an organization’s accounting process. It is essentially a formal record of all commercial activities conducted over the period which have a monetary value attached to them. The journal entry documents each transaction including details such as the date, type, amount and other information. Through this standardized procedure businesses can monitor their cashflows, ensure accuracy in accounting, identify potential irregularities and strengthen internal control mechanisms. Journal Transactions provide essential insight into operations and act as the first step towards achieving greater financial transparency.