In accounting, a debit represents an entry on the left side of a double-entry bookkeeping system. It reflects an increase in asset or expense accounts or a decrease in liability, revenue, or equity accounts. Debits are fundamental to the accounting principle of double-entry, which ensures that for every debit recorded, there is an equal and corresponding credit entry to balance the books.

For example, if a company purchases office supplies for cash, it debits the Office Supplies account (an asset) because the supplies are an asset that benefits the business. Simultaneously, it credits the Cash account (also an asset) because cash decreases due to the purchase. This ensures the accounting equation remains in balance.

Debits and credits form the basis for understanding account balances, such as in the Balance Sheet. Easy Month End, with its checklist capabilities, supports tasks such as verifying that all necessary debits and credits are correctly recorded and reconciled. Proper management and recordkeeping using debits ensure consistent and accurate financial reporting, an essential element for any organization to thrive.