# Transactions

{% embed url="<https://www.youtube.com/watch?v=_Jv1arm7Efk>" %}
How transactions work inside Squads
{% endembed %}

### How transactions work inside Squads

Transactions are a key element of the Squads platform. They are initiated whenever a Squad member performs an action requiring approval from other members.

#### Transaction States

Transactions can exist in one of three states:

1. **Active**: Pending signatures from other Squad members to reach the confirmation threshold.
2. **Ready**: Confirmation threshold met; the transaction is now executable.
3. **Canceled**: Transaction terminated by Squad members or due to changes in Squad parameters.

### **Transactions tab**

The "Transactions" tab provides a chronological display of all Squad transactions. It enables users to:

* Change [priority fees ](https://docs.squads.so/main/navigating-your-squad/transactions/priority-fees)for transactions
* Use [batch actions](https://docs.squads.so/main/navigating-your-squad/transactions/batch-actions) to execute transactions in bulk
* [Reclaim rent](https://docs.squads.so/main/navigating-your-squad/transactions/rent-reclaim) for executed transactions
* [Approve/reject transactions](#how-to-approve-reject-transactions)
* [Execute/cancel transactions](#how-to-execute-cancel-transactions)

<figure><img src="https://254049203-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FdUrslJzNhqr2JDZzXUUz%2Fuploads%2FWlkgQFajp2e2FM3pB66t%2FTransactions%20list.png?alt=media&#x26;token=726fed9a-287c-4eea-ae95-dca18cdc3b2e" alt=""><figcaption><p>Transactions tab</p></figcaption></figure>

### **How to approve/reject transactions**

Any action (e.g., member management, token transfers, program upgrades) initiates a transaction in the "Ready" state. It only executes once the Squad's confirmation threshold is met. The initiating member automatically confirms the transaction.

<figure><img src="https://254049203-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FdUrslJzNhqr2JDZzXUUz%2Fuploads%2FGU9MTgahZSGBisLFMoc9%2FActive%20tx%20epxanded%20NEW.png?alt=media&#x26;token=4ce4c1eb-c5ef-4c52-839c-b9165f7e2ede" alt=""><figcaption><p>Active transaction. Expanded view</p></figcaption></figure>

Other members can approve or reject transactions by:

* Expanding the transaction in the list view
* Clicking "See details" for a comprehensive view

<figure><img src="https://254049203-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FdUrslJzNhqr2JDZzXUUz%2Fuploads%2FqQSnWC1GgEadvc3RJiZw%2FTransaction%20detailed%20active.png?alt=media&#x26;token=80f57d79-4fe9-4c04-84e0-d5ed14b97b63" alt=""><figcaption><p>Detailed view</p></figcaption></figure>

### **How to execute/cancel transactions**

Once the confirmation threshold is met, a transaction in the "Ready" state can be executed or canceled based on the signatures of other Squad members.

* **Execution**: Once the confirmation threshold is met, any Squad member can execute the "Ready" transaction.
* **Cancellation**: Requires reaching the confirmation threshold for canceling the transaction.

<figure><img src="https://254049203-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FdUrslJzNhqr2JDZzXUUz%2Fuploads%2FcA8ykGSRVMs27WAJdnnn%2FReady%20tx.png?alt=media&#x26;token=2979dcee-47c9-41eb-864c-f0b1f291c7bc" alt=""><figcaption><p>"Ready" transaction</p></figcaption></figure>

{% hint style="info" %}
Learn how to export your transactions as a CSV in our guide [here](https://docs.squads.so/main/navigating-your-squad/broken-reference).
{% endhint %}