1 introduction to ikhlas an online accounting solution for brunei smes 2015 v3.0 copyright © 2015...

1

Introduction to ikhlasAn Online Accounting Solution For Brunei SMEs

2015 v3.0

Copyright © 2015 BAG Networks All Rights Reserved

Copyright © 2015 BAG Networks All Rights Reserved 2

Financial Reports

Other expenses &

income

Purchases & Payment

Sales & Collection

• Accounting is the process of capturing, classifying and

analyzing all financial transactions that relates to your business.

• With proper accounting, financial performance of the business is

recorded with clarity and perspective.

• Business relies on accurate, up to date and readily accessible

financial information to help them make knowledgeable business

decision.

Basis of Accounting? Why is it important to Business?

3Copyright © 2015 BAG Networks All Rights Reserved

Do you know if your business is making a Net Profit?

Are you able to track your revenue and expenditures; receivables

and payables?

Does your business find it difficult to get a loan/funding/financing

from Banks and Investors?

Do you find it difficult to manage your accounting everyday?

Some common challengesfaced by Businesses


Why accounting awareness matters today for Brunei SMEs:

External Users

InternalUsersHELP

YOU

Fulfil Income Tax

returns

Keep proper record as

required by Law

Gain credibility

from bankers, creditors, investors

Manage Cash flow

Plan ahead, Set

projections, and goals

Evaluate business

performance

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Reference: http://www.mof.gov.bn/index.php/news/445-record-keeping-business-order-2015

Required by law to keep books


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Reference: http://www.mof.gov.bn/index.php/type-of-taxes/income-tax

Keeping accounts is vital for Tax returns processes

Go to www.stars.gov.bn for more information


http://www.stars.gov.bn/

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Failure & Mistakes

Lack of Accounting Records

Financial Difficulties

Tax Returns Failure

Lack of Business Oversight

Failure To Attain Banks Loans or any

Funding

Lead to costly

financial decision mistakes

Without proper accountingawareness, Brunei SMEs will encounter barriers to growth such as:


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A. Awareness in monitoring of your business!

Accounting Awareness

B. Better Tracking how well your business is doing!

Better Management of Business C. Credible Brunei

SMEs with good accounts records are more likely to succeed!

Credible Business Growth

Proper & Effective Accounting Bookkeeping = Growth & Success


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• ikhlas is an affordable and effective Online Accounting Solution that is currently available in Brunei inclusive with Training & Support for all clients.

• ikhlas provides businesses with powerful features to enable further efficiency and ease in the management of accounts.

“Online Accounting Solution is the future of Financial Accounts Management.”

So.. What is ikhlas ?

IKHLAS BAG NETWORKS


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Will it help me run my business better?


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There are two ways of bookkeeping Brunei SMEs will find when they are running or operating a business in the future:


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“A platform that enables Brunei SMEs to understand & Practice

their Accounts Management skills effectively!”


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Expensive

Disadvantages of Old Methods

How? By moving away from old & expensive methods

Time Consuming

Lack of Support

Requires higher level accounting skills


Off theshelf software

Excel Spreadsheet

ManualBookkeeping

HireAccountants


Powerful Unique Features“Generate Financial Reports with ease.”

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More than 40+ reports available, listed below are a few examples:


EXPENDITUREREPORT

GENERALREPORT

INCOMEREPORT

● Activity Report● Aged Creditors and

Debtors● Purchase and

Sales History● Profit and Loss

Statement● Trial Balance● Balance Sheet● Audit Trail● Health Check

● Customer List● Customer

Reports/Statements● Income List● Invoice List● Overdue Invoice● Unpaid Invoice● Monthly Summary

● Supplier List● Payable List● Overdue List● Monthly Summary● Supplier

Reports/Statements


“Brunei SMEs will no longer need to invest in expensive hardware and software maintenance & updates, much like any online applications today all you need is a laptop and an internet connection to access the application.”

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A Brief System Overview“ Simple & Easy to Use”



The system is accessible at: www.ikhlas.com.bnOverview

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The system is accessible at: www.ikhlas.com.bn


Overview

Features


Create an accountSecure Login

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Please enter your memorable wordSecure Login


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Click on the ‘Bank’ link to View Bank Accounts pageBank Page


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Suppliers Page


Click on the ‘Supplier’ link to View Supplier Statement pageSuppliers Page

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Click on the ‘Customers’ link to View Customer Statement pageCustomers Page


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Click on the ‘Quotes’ link to View Quotation pageQuotes Page



Click on the ‘Invoices’ link to View Invoices, Delivery Order and Receipt of PaymentInvoices Page


Click on the ‘Purchases’ link to View Purchase OrderPurchases Page


Click on the ‘Reports’ link to View Activity ReportsReports Page

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Click on the ‘Reports’ link to View Aged Creditors Reports Reports Page


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Click on the ‘Reports’ link to View Audit Trail Reports Reports Page


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Click on the ‘Reports’ link to View Balance Sheet ReportsReports Page


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Click on the ‘Reports’ link to View Profit & Loss ReportsReports Page


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Click on the ‘Reports’ link to View General Ledger ReportsReports Page


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Click on the ‘Reports’ link to View Trial Balance ReportsReports Page


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Simple PDF Document Theme EditsAsset Register - Depreciation

Click on the ‘Settings’ link to View PDF Themes & Asset Register - DepreciationSettings Page


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Click on the ‘Reports’ link to View Income by Customers / Products ReportsReports Page



Click on the ‘Reports’ link to View Monthly Income & many more reports available! Reports Page


Additional users can be created that limits their views to only these functions shows. Additional features


Pricing

Discounted Subscription

Rate

Advance Three (3) months payment is

required upon subscription: $252 only

Only

$84First Three

Months

Only

$140 Per Month

Standard Subscription

Rate:


Client Services – Training & SupportWhat’s in the package?

Configuration Setup of System Parameters

Setup of Chart of Accounts

One (1) Day Training System and Application

Accounting Principals

Support Client Support Unit

BAG Networks Sdn Bhd.

Level 7, Design & Technology Building,

Anggerek Desa Tech Park,

Spg 32-37 Kg. Anggerek Desa,

Berakas BB3713

Negara Brunei Darussalam

(+673) 2382238

[email protected]

http://www.ikhlas.com.bn/

For more information …


We would like to express our thanks & appreciation to all

for attending our session today.

We appreciate your kind attention!

Acknowledgements

1 introduction to ikhlas an online accounting solution for brunei smes 2015 v3.0 copyright © 2015...

Documents

basis of accounting

financial transactions

accounting everyday

proper accounting

accounting system

good accounting

financial position

financial performance