A transaction is a collection of one or more payments processed on the same day.
For example, tenant A has multiple upcoming invoices as follows:
- Rental Invoice: Due first of the month.
- Tenant invoice: Due first of the month.
- Tenant invoice: Due 2nd of the month.
In the above scenario, two invoices have the same due date. In this case, the amount from both invoices will be combined and withdrawn from the tenant’s bank account, which is considered one transaction.