---
title: "Transaction Types"
description: "The Transaction types workspace is used to create, administrate, and delete transaction type categories and transaction types."
source_url: https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/platform-dimensions/transaction-types
language: en
last_updated: 2023-08-16
---
# Transaction Types

## Overview

The [Transaction types](https://support.lucanet.cloud/en/documentation/glossary.md#transaction-types) workspace is used to create, manage, and delete [transaction type categories](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/platform-dimensions/transaction-types/transaction-type-categories.md) and [transaction types](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/platform-dimensions/transaction-types/transaction-type-types.md).

Transaction types provide information on the reason for changes to an account. As a result, transaction types allow for seamless integration of schedules and cash flow statements in Lucanet at the level of the individual and consolidated financial statements in accordance with HGB, IFRS, US-GAAP or other guidelines simultaneously.