Carmatec Accounting System is an application software that records and processes the accounting transactions. It facilitates the detailed tracking of financial transactions, instantaneous reporting and analysis. It also exhibits the feature of the task automation that is responsible for a reduction in the accounting costs and also better decision-making through timely reporting. The Technical skill set used for this development are Html, CSS, JQuery, CakePHP 2.0, Ubuntu, MYSQL 5, Apache 2. Hence, this application helps in maintaining and tracking of the financial transaction much faster and easy.