Debits and credits are fundamental concepts in accounting used to record financial transactions. Debits represent increases in assets or expenses and decreases in liabilities or equity, while credits indicate the opposite. Understanding the rules of debits and credits is essential for accurately recording and balancing accounting entries in double-entry bookkeeping systems.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
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Emagia is a leading provider of AI-powered Order-to-Cash (O2C) automation platform that modernizes finance operations for midsize to large global businesses. Many global businesses and shared service centers use Emagia’s Autonomous O2C to transform to digital world-class operations in credit, invoicing and payments, receivables, collections, deductions, cash application and cash forecasting. Emagia solutions improve their customers DSO, cash flow, credit risk, operational cost, compliance and profitability.
