1 Introduction to ikhlas An Online Accounting Solution For Brunei SMEs 2015 v3.0 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?

Copyright © 2015 BAG Networks All Rights Reserved 3  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 challenges faced by Businesses

Copyright © 2015 BAG Networks All Rights Reserved 4 Why accounting awareness matters today for Brunei SMEs: External Users Internal Users HELP 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

Reference: Required by law to keep books Copyright © 2015 BAG Networks All Rights Reserved 5

Reference: Keeping accounts is vital for Tax returns processes Go to for more informationwww.stars.gov.bn Copyright © 2015 BAG Networks All Rights Reserved 6

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 accounting awareness, Brunei SMEs will encounter barriers to growth such as: Copyright © 2015 BAG Networks All Rights Reserved 7

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 Copyright © 2015 BAG Networks All Rights Reserved 8

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 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!” 12 Copyright © 2015 BAG Networks All Rights Reserved

Expensive Disadvantages of Old Methods How? By moving away from old & expensive methods Time Consuming Lack of Support Requires higher level accounting skills Copyright © 2015 BAG Networks All Rights Reserved 13 Off the shelf software Excel Spreadsheet Manual Bookkeeping Hire Accountants

14 Copyright © 2015 BAG Networks All Rights Reserved Powerful Unique Features “Generate Financial Reports with ease.”

15 More than 40+ reports available, listed below are a few examples: Copyright © 2015 BAG Networks All Rights Reserved EXPENDITURE REPORT GENERAL REPORT INCOME REPORT ● 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

16 Copyright © 2015 BAG Networks All Rights Reserved “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.”

A Brief System Overview “ Simple & Easy to Use” Copyright © 2015 BAG Networks All Rights Reserved 17

Copyright © 2015 BAG Networks All Rights Reserved 18 The system is accessible at: Overview

The system is accessible at: Copyright © 2015 BAG Networks All Rights Reserved 19 Overview Features

Copyright © 2015 BAG Networks All Rights Reserved 20 Create an account Secure Login

21 Please enter your memorable word Secure Login Copyright © 2015 BAG Networks All Rights Reserved

22 Click on the ‘Bank’ link to View Bank Accounts page Bank Page Copyright © 2015 BAG Networks All Rights Reserved

Suppliers Page Copyright © 2015 BAG Networks All Rights Reserved 23 Click on the ‘Supplier’ link to View Supplier Statement page Suppliers Page

24 Click on the ‘Customers’ link to View Customer Statement page Customers Page Copyright © 2015 BAG Networks All Rights Reserved

25 Click on the ‘Quotes’ link to View Quotation page Quotes Page Copyright © 2015 BAG Networks All Rights Reserved

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

Copyright © 2015 BAG Networks All Rights Reserved 27 Click on the ‘Purchases’ link to View Purchase Order Purchases Page

Copyright © 2015 BAG Networks All Rights Reserved 28 Click on the ‘Reports’ link to View Activity Reports Reports Page

29 Click on the ‘Reports’ link to View Aged Creditors Reports Reports Page Copyright © 2015 BAG Networks All Rights Reserved

30 Click on the ‘Reports’ link to View Audit Trail Reports Reports Page Copyright © 2015 BAG Networks All Rights Reserved

31 Click on the ‘Reports’ link to View Balance Sheet Reports Reports Page Copyright © 2015 BAG Networks All Rights Reserved

32 Click on the ‘Reports’ link to View Profit & Loss Reports Reports Page Copyright © 2015 BAG Networks All Rights Reserved

33 Click on the ‘Reports’ link to View General Ledger Reports Reports Page Copyright © 2015 BAG Networks All Rights Reserved

34 Click on the ‘Reports’ link to View Trial Balance Reports Reports Page Copyright © 2015 BAG Networks All Rights Reserved

Simple PDF Document Theme Edits Asset Register - Depreciation 35 Click on the ‘Settings’ link to View PDF Themes & Asset Register - Depreciation Settings Page Copyright © 2015 BAG Networks All Rights Reserved

36 Click on the ‘Reports’ link to View Income by Customers / Products Reports Reports Page Copyright © 2015 BAG Networks All Rights Reserved

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

Copyright © 2015 BAG Networks All Rights Reserved 38 Additional users can be created that limits their views to only these functions shows. Additional features

Copyright © 2015 BAG Networks All Rights Reserved 39 Pricing Discounted Subscription Rate Advance Three (3) months payment is required upon subscription: $252 only Only $84 First Three Months Only $140 Per Month Standard Subscription Rate:

Copyright © 2015 BAG Networks All Rights Reserved 40 Client Services – Training & Support What’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 Kg. Anggerek Desa, Berakas BB3713 Negara Brunei Darussalam (+673) For more information …

Copyright © 2015 BAG Networks All Rights Reserved 41 We would like to express our thanks & appreciation to all for attending our session today. We appreciate your kind attention! Acknowledgements

Data Security Problem : Security software most likely not updated very often. Our Solution: Modern hardware firewall with sophisticated intrusion prevention. Scanned regularly to check for security weaknesses. Security Monitoring Problem: Ad-hoc, lack of monitoring. Our Solution: Monitored 24/7 by security specialists at the data center. Backups of data Problem : Backups may be taken once a month or none at all. Our Solution: The data is in real time live synchronisation to a remote backup location any downtime it would be back up and running with zero data loss very quickly. Also the system sends a backup file to you via monthly. Copyright © 2015 BAG Networks All Rights Reserved 42 Security – Data is kept secure