Transcript General Presentation - ikhlas Online Accounting Solution

Introduction to ikhlas
An Online Accounting Solution For Brunei SMEs
2015 v3.0
Copyright © 2015 BAG Networks All Rights Reserved
1
Basis of Accounting? Why is it
important to Business?
•
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
Purchases
& Payment
Sales &
Collection
recorded with clarity and perspective.
•
Business relies on accurate, up to date and readily accessible
Other
expenses &
income
financial information to help them make knowledgeable business
decision.
Financial Reports
Copyright © 2015 BAG Networks All Rights Reserved
2
Some common challenges
faced by Businesses

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?
Copyright © 2015 BAG Networks All Rights Reserved
3
Why accounting awareness matters
today for Brunei SMEs:
Gain
credibility
from
bankers,
creditors,
investors
Keep proper
record as
required by
Law
External
Users
Plan ahead,
Set
projections,
and goals
Internal
Users
HELP
YOU
Fulfil
Income Tax
returns
Evaluate
business
performance
Manage
Cash flow
Copyright © 2015 BAG Networks All Rights Reserved
4
Required by law to keep books
Reference: http://www.mof.gov.bn/index.php/news/445-record-keeping-business-order-2015
Copyright © 2015 BAG Networks All Rights Reserved
5
Keeping accounts is vital for
Tax returns processes
Go to www.stars.gov.bn
for more information
Reference: http://www.mof.gov.bn/index.php/type-of-taxes/income-tax
Copyright © 2015 BAG Networks All Rights Reserved
6
Without proper accounting
awareness, Brunei SMEs will
encounter barriers to growth such as:
Lack of Accounting Records
Financial
Difficulties
Lack of
Business
Oversight
Tax Returns
Failure
Failure To
Attain Banks
Loans or any
Funding
Lead to
costly
financial
decision
mistakes
Failure & Mistakes
Copyright © 2015 BAG Networks All Rights Reserved
7
Proper & Effective Accounting
Bookkeeping = Growth & Success
A. Awareness in
monitoring of
your business!
Accounting
Awareness
Copyright © 2015 BAG Networks All Rights Reserved
Better Management
of Business
B. Better Tracking
how well your
business is doing!
C. Credible Brunei
SMEs with good
accounts records are
more likely to
succeed!
Credible
Business Growth
8
So.. What is ikhlas ?
“Online Accounting Solution is the future of Financial Accounts Management.”
IKHLAS BAG NETWORKS
• 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.
Copyright © 2015 BAG Networks All Rights Reserved
9
Will it help me run my business
better?
Copyright © 2015 BAG Networks All Rights Reserved
10
There are two ways of bookkeeping Brunei SMEs will
find when they are running or operating a business in
the future:
Copyright © 2015 BAG Networks All Rights Reserved
11
“A platform that enables Brunei
SMEs to understand & Practice
their Accounts Management
skills effectively!”
Copyright © 2015 BAG Networks All Rights Reserved
12
How? By moving away from old &
expensive methods
Disadvantages of Old Methods
Expensive
Time Consuming
Lack of Support
Manual
Bookkeeping
Hire
Accountants
Copyright © 2015 BAG Networks All Rights Reserved
Excel
Spreadsheet
Off the
shelf software
Requires higher level
accounting skills
13
Powerful Unique Features
“Generate Financial Reports with ease.”
Copyright © 2015 BAG Networks All Rights Reserved
14
More than 40+ reports available,
listed below are a few examples:
GENERAL
REPORT
● Activity Report
● Aged Creditors and
Debtors
● Purchase and
Sales History
● Profit and Loss
Statement
● Trial Balance
● Balance Sheet
● Audit Trail
● Health Check
Copyright © 2015 BAG Networks All Rights Reserved
INCOME
REPORT
● Customer List
● Customer
Reports/Statements
● Income List
● Invoice List
● Overdue Invoice
● Unpaid Invoice
● Monthly Summary
EXPENDITURE
REPORT
●
●
●
●
●
Supplier List
Payable List
Overdue List
Monthly Summary
Supplier
Reports/Statements
15
“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.”
Copyright © 2015 BAG Networks All Rights Reserved
16
A Brief System Overview
“ Simple & Easy to Use”
Copyright © 2015 BAG Networks All Rights Reserved
17
Overview
The system is accessible at: www.ikhlas.com.bn
Copyright © 2015 BAG Networks All Rights Reserved
18
Overview
The system is accessible at: www.ikhlas.com.bn
Features
Copyright © 2015 BAG Networks All Rights Reserved
19
Secure Login
Create an account
Copyright © 2015 BAG Networks All Rights Reserved
20
Secure Login
Please enter your memorable word
Copyright © 2015 BAG Networks All Rights Reserved
21
Bank Page
Click on the ‘Bank’ link to View Bank Accounts page
Copyright © 2015 BAG Networks All Rights Reserved
22
Suppliers Page
Click on the ‘Supplier’ link to View Supplier Statement page
Suppliers Page
Copyright © 2015 BAG Networks All Rights Reserved
23
Customers Page
Click on the ‘Customers’ link to View Customer Statement page
Copyright © 2015 BAG Networks All Rights Reserved
24
Quotes Page
Click on the ‘Quotes’ link to View Quotation page
Copyright © 2015 BAG Networks All Rights Reserved
25
Invoices Page
Click on the ‘Invoices’ link to View Invoices, Delivery Order and Receipt of Payment
Copyright © 2015 BAG Networks All Rights Reserved
26
Purchases Page
Click on the ‘Purchases’ link to View Purchase Order
Copyright © 2015 BAG Networks All Rights Reserved
27
Reports Page
Click on the ‘Reports’ link to View Activity Reports
Copyright © 2015 BAG Networks All Rights Reserved
28
Reports Page
Click on the ‘Reports’ link to View Aged Creditors Reports
Copyright © 2015 BAG Networks All Rights Reserved
29
Reports Page
Click on the ‘Reports’ link to View Audit Trail Reports
Copyright © 2015 BAG Networks All Rights Reserved
30
Reports Page
Click on the ‘Reports’ link to View Balance Sheet Reports
Copyright © 2015 BAG Networks All Rights Reserved
31
Reports Page
Click on the ‘Reports’ link to View Profit & Loss Reports
Copyright © 2015 BAG Networks All Rights Reserved
32
Reports Page
Click on the ‘Reports’ link to View General Ledger Reports
Copyright © 2015 BAG Networks All Rights Reserved
33
Reports Page
Click on the ‘Reports’ link to View Trial Balance Reports
Copyright © 2015 BAG Networks All Rights Reserved
34
Settings Page
Click on the ‘Settings’ link to View PDF Themes & Asset Register - Depreciation
Asset Register - Depreciation
Simple PDF Document Theme Edits
Copyright © 2015 BAG Networks All Rights Reserved
35
Reports Page
Click on the ‘Reports’ link to View Income by Customers / Products Reports
Copyright © 2015 BAG Networks All Rights Reserved
36
Reports Page
Click on the ‘Reports’ link to View Monthly Income & many more reports available!
Copyright © 2015 BAG Networks All Rights Reserved
37
Additional features
Additional users can be created that limits their views to only these functions shows.
Copyright © 2015 BAG Networks All Rights Reserved
38
Pricing
Standard
Discounted
Subscription
Rate:
Subscription
Rate
Only
Only
$140
$84
Per Month
First Three
Months
Advance Three (3)
months payment is
required upon
subscription:
$252 only
Copyright © 2015 BAG Networks All Rights Reserved
39
What’s in the package?
Client Services – Training & Support
Configuration
 Setup of System Parameters
 Setup of Chart of Accounts
One (1) Day Training
 System and Application
 Accounting Principals
Support
 Client Support Unit
Copyright © 2015 BAG Networks All Rights Reserved
40
Acknowledgements
We would like to express our thanks & appreciation to all
for attending our session today.
We appreciate your kind attention!
Copyright © 2015 BAG Networks All Rights Reserved
41