unrecorded transaction

Definitions

A financial exchange or business event that has not been entered into a company's accounting records or ledger.

A transaction that lacks official documentation or formal entry in a financial system, often resulting in discrepancies during audits.

Examples

The auditor discovered an unrecorded transaction that caused a significant discrepancy in the company's quarterly financial report.

Failing to document every unrecorded transaction can lead to serious legal complications during a tax investigation.

Synonyms

off-the-books transaction unreported financial activity undocumented exchange hidden transaction untracked payment

Antonyms

recorded transaction documented financial exchange reported transaction audited payment official transaction