1 introduction to ikhlas an online accounting solution for brunei smes 2015 v3.0 copyright © 2015...
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1
Introduction to ikhlasAn Online Accounting Solution For Brunei SMEs
2015 v3.0
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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?
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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
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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
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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
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Off theshelf software
Excel Spreadsheet
ManualBookkeeping
HireAccountants
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Powerful Unique Features“Generate Financial Reports with ease.”
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More than 40+ reports available, listed below are a few examples:
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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
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“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”
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The system is accessible at: www.ikhlas.com.bnOverview
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The system is accessible at: www.ikhlas.com.bn
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Overview
Features
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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
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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
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Click on the ‘Invoices’ link to View Invoices, Delivery Order and Receipt of PaymentInvoices Page
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Click on the ‘Purchases’ link to View Purchase OrderPurchases Page
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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
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Click on the ‘Reports’ link to View Monthly Income & many more reports available! Reports Page
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Additional users can be created that limits their views to only these functions shows. Additional features
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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:
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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
http://www.ikhlas.com.bn/
For more information …
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We would like to express our thanks & appreciation to all
for attending our session today.
We appreciate your kind attention!
Acknowledgements