Wednesday, August 11, 2010

BAG Networks launches web-based accounting solution

BAG Networks yesterday launched a web-based accounting system targeted at small and medium enterprises (SMEs) in a bid to harness business potential in the country's nascent private sector.

After months of being in the beta-testing stage, the web-based accounting solution, dubbed Ikhlas, was unveiled to entrepreneurs at the Empire Hotel & Country Club.

Invited guests were given the opportunity to test the system, and were briefed by the Ikhlas team on the benefits of the system.

The system, which targets "young companies", is a simplified version of an accounting system which replaces accounting jargon with simple layman's terms such as "money in" and "money out".

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