This paper proposes an electronic transaction system (ETS) as a replacement for the current paper transaction used in most organizations’ environments. These specifications can be used in a transaction system. Furthermore, with the benefits of using internet-of-things (IoT), through which things are generated, gained, discovered, and proposed without interference, the user could receive the last status without exertion and direct contact (i.e., in a contactless manner). Moreover, in the current development of network communications, people can exploit internet and intranet features in many systems that need to be faster, more efficient, and available on time. The books of prime entry are the cash book, the petty cash book, the sales day book, the purchases day book and the journal.The spread of Coronavirus has forced populations around the globe to adopt strict measures such as lockdown, home quarantine, and home office. The receivables and payables ledgers provide details of the total receivables and payables that are recorded in the nominal ledger. The double entry system consists of the general ledger, the cash book and the petty cash book. The accounting system can be depicted as follows: The accounting system in diagrammatic form The sum of the amounts owing in this ledger should agree with the receivables balance in the general ledger. There is a separate account for each credit customer. Although the total amount owed by customers is recorded in the general ledger, details of exactly what is owed from whom are also recorded in the receivables ledger. The receivables ledger (also known as the debtors’ ledger and sometimes the sales ledger).The sum of the amounts owing in this ledger should agree with the payables balance in the general ledger. There is a separate account for each supplier. Although the total amount owed to suppliers is recorded in the general ledger, details of exactly what is owed to whom are also recorded in the payables ledger.
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