Transactions represent individual payment events from your connected data sources in Payable.
A transaction is an individual entry as it would appear in your bank portal or statement or in a PSP such as GoCardless, Stripe or Checkout. Payable removes the friction of having to manually go to different bank and payment portals by feeding in the data, mapped to a common transaction schema for simple aggregation and reconciliation.
To comprehensively manage your money, every transaction that comes into your system should be reconciled. Payable automates this for your complete chart of accounts.