A debit credit account is a two-way ledger of transactions. It records the inflows and outflows of funds, the origin and destination of the money, and the overall balance of the account. It allows businesses to keep track of their financial activities in an efficient, organized way, freeing them up to focus on more important tasks. Debit credit accounts are traditionally used by banks, but they can also be used by any type of business that requires a comprehensive record of its financial activity.