Debit or Credit Accounts Payable is an accounting system used by businesses to record payments of goods and services they have received. It involves the tracking of monies paid to vendors, as well as how much is owed to them. With Debit or Credit Accounts Payable, businesses are able to efficiently track payments from their customers and create a steady flow of income. This system also helps business owners keep better track of their expenses and plan for future growth. Ultimately, this efficient tracking of transactions allows businesses to ensure financial stability and take timely corrective actions if needed.