Credit and debit accounting is the tracking of financial transactions using a system of double-entry bookkeeping. Each transaction is recorded with both a credit and a corresponding debit. This method of accounting allows businesses to easily track money entering and leaving the organization, giving them an accurate picture of their overall financial position. Credit and debit accounts can be organized into charts to help users quickly identify where money is being spent or earned and make informed decisions about their future finances. With credit and debit accounting, companies can stay on top of their finances and plan for a successful future.