The Debit Credit Table is the central accounting system used by companies to record and track their financial transactions. Essentially, it’s a table that lists out all of the company’s transactions for a given period of time, showing both the debits (the money spent) and credits (the money received). This view allows companies to keep an accurate record of their finances over time, giving them access to useful metrics such as net income, cash flow, accounts receivables and more. Simply put, the Debit Credit Table is an essential tool for managing the books.