In Ardex Premier Transaction has a different meaning from the ordinary accounting meaning of the term. When a horse is charged for a product or service this is known as a Transaction. Normally at the end of each month the month end wizard will convert transactions to tax invoices issued to individual horse owners, in accordance with horse ownership share.
​
Tax invoices generated are then summarised on Owners Statements issued, and become accounts receivable in the system. An Owners Statement will be the primary financial document a horse owner relies on to know what payments are due for the care of horses in which he or she has an ownership interest.
​