Debit or Credit Cash is a business accounting system that allows for the efficient recording of cash coming in and out of a company’s finances. This system involves tracking all income, expenses, assets and liabilities, and can be used to ensure accurate financial records. It is important to establish clear debit and credit rules to ensure proper tracking of funds, as well as maintaining a balance between these two types of accounts. Debits increase your liabilities and expenses while credits are increases to assets and income. With an effective use of this system, companies can easily monitor their finances and make sure that everything is organized and up to date.