How Sales Update Frequency of selling settings works?

Hello,

How Sales Update Frequency option in the selling setting exactly works?
If i set it to daily and completed a transaction then what will be the output of this according to this sales update frequency setting?

The documentation already answers this:

https://docs.erpnext.com/docs/user/manual/en/selling/selling-settings#33-sales-update-frequency

3.3 Sales Update Frequency

The frequency at which project progress and company transaction details will be updated. By default it is for Each Transaction, you can also set it to Daily or Monthly if you have a lot of transactions every day

Right, According to the document - The frequency at which project progress and company transaction details will be updated.
What exactly company transaction details is? is it the stock ledger?

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