> ## Documentation Index
> Fetch the complete documentation index at: https://docs.withacclaim.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Transactions

> Track every movement of funds across your accounts. Transactions provide a complete ledger of activity and drive all balance changes.

Transactions record every movement of funds within Treasury.

They form a complete **ledger of activity**, allowing you to track how money enters, moves through, and leaves your accounts.

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## How transactions work

Every change to a balance is recorded as a transaction.

* Transactions are created when funds move
* Each transaction is associated with an account
* Transactions update balances in real time

This ensures that balances are always derived from a consistent source of truth.

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## Transaction types

Transactions represent different types of financial activity.

Common examples include:

* **Incoming payments** — funds received from Collect
* **Payouts** — funds sent through Disburse
* **Refunds** — funds returned to payers
* **Funding** — funds added to Treasury
* **Withdrawals** — funds moved out of Treasury
* **FX conversions** — value moved between currencies
* **Fees** — charges associated with processing

Each transaction reflects a specific movement of funds.

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## Debit and credit model

Transactions follow a debit and credit model aligned with **bank account assets**.

* **Debits** increase the balance of an account
* **Credits** decrease the balance of an account

For example:

* An incoming payment or deposit creates a **debit**
* A payout or withdrawal creates a **credit**

This reflects the behavior of accounts as assets in your ledger.

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## Transaction lifecycle

Transactions may move through states as they are processed.

* Pending — the transaction has been created but not finalized
* Completed — the transaction is finalized and reflected in available balance

Pending transactions contribute to **pending balance** and become **available** once completed.

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## Relationship to accounts and balances

Transactions are the foundation of Treasury.

* **Accounts** organize where transactions occur
* **Balances** summarize the result of all transactions
* **Transactions** provide the detailed record of activity

If balances answer “what do I have,” transactions answer “what happened.”

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## FX transactions

FX conversions create multiple transactions.

* A debit from the source currency account
* A credit to the destination currency account

This ensures that currency movements are fully tracked and auditable.

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## Tracking transactions

You can view transactions in the Console or access them via API.

Each transaction includes:

* Amount and currency
* Type (e.g. payment, payout, FX)
* Status (pending or completed)
* Associated account
* Related objects (e.g. payment, payout)
* Timestamps

This information can be used for reconciliation and reporting.

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## Using transactions

Transactions are used to:

* Audit fund movements
* Reconcile balances with internal systems
* Investigate issues or discrepancies
* Build financial reporting

They provide a complete and traceable history of all activity.

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## Key behaviors

* Every balance change is driven by a transaction
* Transactions are recorded at the account level
* Debits decrease balances and credits increase balances
* Pending transactions become available once completed
* FX creates transactions across multiple accounts

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## Summary

* Transactions are the ledger of all fund movements
* They drive all balance changes
* They provide a complete and auditable history
* They connect accounts, balances, and payment activity