Credit Accounts are a type of financial agreement in which customers are extended a predetermined amount of credit to purchase goods or services. This credit is typically provided upfront, before the goods or services have been purchased, and is then paid back over a period of time, with interest charged for the cost of borrowing. Credit Accounts are used by businesses to offer more flexible financing options to their customers and encourage repeat sales. They can also help boost cash flow by providing an advance on future sales income. In short, Credit Accounts provide businesses with a powerful tool to maximize their revenues while providing customers with greater access to goods and services.