how are transactions different in accounting 
accounting transactions are a little different because of the way they may be recorded in the accrual method of accounting transactions are recorded once they are executed but in the cash accounting method transactions are recorded only when money is received or paid the bottom linea transaction signals a financial agreement between two parties where one benefits financially by selling goods and services to another in simple terms a transaction is completed when the goods and services change hands for money but things get a little complicated when it comes to transactions in accounting businesses that use the accrual method of accounting record transactions when they are completed in the cash method they are documented only when payments are made or received 