How to calculate total transaction amount?

Calculating Total Transaction Amount in MySQL

MySQL provides a convenient way to monitor account balances by calculating the total transaction amount. This can be achieved using a simple query that groups transactions based on account number and calculates the net amount for each account.

Query Syntax

The following query can be used to calculate the total transaction amount for each account:

SELECT account_number, SUM(input - output) AS total_transaction_amount
FROM transactions
GROUP BY account_number;

Query Explanation

account_number: This field indicates the account number associated with each transaction.

SUM(input – output): This expression calculates the net transaction amount for each account. The input column represents the amount added to the account, and the output column represents the amount deducted from the account. Subtracting the output from the input gives the net transaction amount.

GROUP BY account_number: This clause groups the results by account number, so that the total transaction amount is calculated for each unique account.

Result Interpretation

The query returns a result set that includes the following columns:

• account_number: The unique identifier for each account.
• total_transaction_amount: The total amount of transactions for each account, representing the current balance.

Example Usage

Consider a database table named transactions with the following columns:

• id (primary key)
• account_number
• input
• output

To calculate the total transaction amount for each account in the transactions table, run the following query:

SELECT account_number, SUM(input - output) AS total_transaction_amount
FROM transactions
GROUP BY account_number;

The result set will display the account number and the total transaction amount for each account. This information can be used to track account balances and identify any discrepancies or unusual activity.