AKPK provides an SME Self-Diagnostic Financial Advisory Toolkit simply known as MyBijakNiaga to help businesses plan, Control and Manage their financial activities.
MyBijakNiaga will be beneficial for micro-SMEs to record its financial transactions and to gauge its financial soundness.
If you are a new entrepreneur and lack the knowledge and experience in basic bookkeeping, here you can track your sales and profit for banking purposes!
This is a personalised self-help financial management tool for SMEs in Malaysia.
MyBijakNiaga aims to assist SMEs to perform a general scan of their financial health and provide a quick assessment summary of their financial management capabilities and business profiles—any time and anywhere—to facilitate SMEs’ financial planning & decision-making.
How is this done?
Firstly, the user is required to answer a series of simple questions, such as “how much is your sales”, “Is your sales in cash or credit terms?”, “How long is the credit term?”, and “When do you need to restock?”.
Secondly, MyBijakNiaga will then automatically calculate and provide an ‘easy-to-understand’ and practical financial analysis that would prompt SMEs to answer further questions such as “What is the minimum sale required to breakeven?”, “How much working capital do you need?”, and “When might you experience a cash shortfall?”
Thirdly, MyBijakNiaga will provide “bite-size tips” to advise SMEs on the next best course of action to manage their financial health based on the financial analysis and assessment, for example, “How could I improve my working capital?” and “What should I do if I experience a cash shortfall?”
Fourthly, the webpage helps provide SMEs with a proper book-keeping system, and the ability record simple business transactions and produce appropriate financial statements. SMEs are then able to make sound and holistic business decisions.
Click on the following to try it out :
Instantly analyse your business growth and understand your funding
Answer a series of simple questions and see an instant profile of your business financial health
Provide guidance to measure your business financial management capabilities
Learn and refine your financial management skills with our workshops and courses