What does 'Customer Accounts' mean?

A Customer Account is a single, centralized location where you can manage all of your customers' billing information, including company and contact information, payment terms, and preferred payment methods. Customer accounts are used to keep track of all the essential details regarding the organizations and consumers you're billing, such as subscriptions and amendments, invoices, payments, and adjustments. Customer accounts can help you promote repeat purchases and develop a stronger relationship with your website users. Visitors can create accounts on your site with this option enabled, securely saving payment methods, delivery addresses, shopping carts, and online order information. Consumer accounts can also be merged into a single report that shows which consumers are past due and by how much.