A transaction is any change in the balance of your accounts, plus all the information about how much was spent or received and where the money went or came from.

Moneydance uses the double entry method of accounting, which means that every transaction is a link between accounts (or categories).

The value of one account or category will increase and another will decrease when a transaction is made.

Transactions can be between a financial account and an expense or income category, or between two financial accounts (such as a transfer from a checking to a savings account).

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