A Blockchain based Accounting System Authors Suvarna Patil Marathwada Mitra Mandal's College of Engineering, Pune 411052, India https://orcid.org/0000-0003-2411-3766 Abhijeet Chavan Marathwada Mitra Mandal's College of Engineering, Pune 411052, India Anushka Kele Marathwada Mitra Mandal's College of Engineering, Pune 411052, India Mayur Mohite Marathwada Mitra Mandal's College of Engineering, Pune 411052, India Harshal Gharat Marathwada Mitra Mandal's College of Engineering, Pune 411052, India DOI: https://doi.org/10.64383/irjss.02250203 Keywords: Blockchain, Ethereum, Smart Contracts, Accounting Systems, Transparency, Immutability, Automation Abstract Blockchain technology, characterized by its decentralized, immutable, and transparent nature, opens up transformative opportunities for enhancing accounting systems. Traditional accounting practices typically depend on centralized databases, which can be vulnerable to data manipulation, fraud, and security breaches. This paper proposes an innovative accounting system built on the Ethereum public blockchain, designed to effectively manage critical functions such as inventory management, customer interactions, sales transactions, and invoicing. By leveraging smart contracts, this system automates key processes—including invoicing and payments—resulting in reduced manual intervention and fewer human errors while improving operational efficiency. The decentralized framework of blockchain guarantees that every transaction is permanently recorded in an immutable ledger, offering unparalleled security and transparency. Additionally, this system reduces reliance on intermediaries, streamlining business operations and decreasing costs. However, challenges such as scalability and fluctuating transaction (gas) fees still persist within the Ethereum ecosystem. As Ethereum continues to evolve with the introduction of Layer 2 scaling solutions and Ethereum 2.0, these issues are anticipated to be resolved, positioning blockchain as a revolutionary solution for the accounting sector. Author Biographies Suvarna Patil, Marathwada Mitra Mandal's College of Engineering, Pune 411052, India Assistant Professor, Department of Computer Engineering Abhijeet Chavan, Marathwada Mitra Mandal's College of Engineering, Pune 411052, India UG Student, Department of Computer Engineering Anushka Kele, Marathwada Mitra Mandal's College of Engineering, Pune 411052, India UG Student, Department of Computer Engineering Mayur Mohite, Marathwada Mitra Mandal's College of Engineering, Pune 411052, India UG Student, Department of Computer Engineering Harshal Gharat, Marathwada Mitra Mandal's College of Engineering, Pune 411052, India UG Student, Department of Computer Engineering References [1] Zheng, R. (2021). 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