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A Transaction Processing System (TPS) is a computerized information system designed to collect, store, modify, and retrieve the data generated by routine business transactions. It supports the daily operational activities of an organization by processing large volumes of repetitive transactions accurately, quickly, and reliably. Transactions may include sales, purchases, payments, payroll, inventory updates, banking operations, and customer orders. TPS forms the foundation of organizational information systems because it provides accurate and timely data that higher-level systems, such as Management Information Systems (MIS), Decision Support Systems (DSS), and Executive Information Systems (EIS), use for analysis and decision-making. Maintaining finances is one of the most important applications of a Transaction Processing System. It requires efficient handling of financial transactions while ensuring data integrity, security, and compliance with accounting standards. The input requirements for maintaining finances include accurate and timely collection of financial data. Inputs consist of sales invoices, purchase orders, payment vouchers, receipts, payroll records, tax information, bank _____ ____ _________ ______ __________ ___ ________ ________.
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