Accounting and Finance
Scope of Services
• General Ledger daily update
• Monthly, quarterly, and annual financial statement reports
• Monthly bank reconciliation
• Monthly cash flow forecasts
• Inventory and warehouse activities development
• Fixed assets management
• Backlog unrecorded transactions coverage
• Annual budget preparation
• Policies and procedures manual preparation
Bookkeeping services include the following:
• Bookkeeping (General ledger daily update)
• Maintaining Accounts Payable (cash out)
• Maintaining Accounts Receivable (cash in)
• Maintaining and cleaning up the General Ledger
• Bank Reconciliation
• Internal Audit and Compliance
Bookkeeping (General Ledger Daily Update)
Bookkeeping involves recording a company’s financial transactions daily. Proper bookkeeping enables companies to track
all information and transactions and make key operating, investing, and financing decisions.
Prospera boasts a wealth of knowledge and experience in Bookkeeping services. Our financial team consists of well-trained
experts skilled at using the latest finance and accounting ERP software known as WallPost, and complies with international
accounting standards (IFRS/GAAP).
Maintaining Accounts Payable (cash out).
Ensuring that transactions are paid on time is crucial to maintain great relationships with suppliers and to the success of your
business. The Payables department is responsible for finding opportunities to save money by keeping an eye on potential
discounts and incentives with vendors and suppliers. Accounts Payable must be scheduled to ensure that the least
amount of money possible is paid, and avoid unnecessary payments such as late payment charges.
WallPost allows you to manage accounts payable easily by organizing accounts payable data, keeping you up-to-date with
your finances and bill dues, and allowing you to track and manage outstanding bills, and generate and print reports such
as statement vendors, the A/P aging, and supplier detail reports.
Maintaining Accounts Receivable (cash in)
Another critical duty of the accounting department is to track accounts receivable, including outstanding invoices and
other required collection actions. Accounts receivable is responsible for creating and tracking invoices, and ensuring that
these invoices are paid on time.
This explains why a system of friendly reminders such as WallPost is crucial since it handles the burden of all the steps
mentioned above. WallPost tracks the amount of money you are owed and manages the overdue collection. The software also
allows you to print reports, such as statement customer reports, A/R aging reports, and customers’ details reports easily.
Internal Audit & Compliance
The Internal Audit and Compliance department at Prospera is responsible for overseeing the company’s financial operations,
and ensuring that they comply with internal and external policies and regulations (IFRS/GAAP).
The department is also responsible for ensuring that risk management, governance, and internal control processes
are operating effectively.
Monthly cash flow forecasts
We issue monthly forecasting reports showing estimated amounts to pay out and receive.
Inventory and Warehouse Activities Development
Through our inventory and procurement system, controlling the company stock and keeping inventory levels balanced
becomes easier, without having to worry about having too much or too little in stock. Our system allows you to
supervise ordering, forecasting, and storage management at all times.
Fixed assets management
At, we have the complete modules that qualify us to manage asset creation, tracking, and evaluation, ensuring that your
company’s tangible and intangible assets are put to their highest and best use.
Backlog Unrecorded Transaction Coverage
Prospera prepares and uploads your company’s unrecorded transactions and backlog into the WallPost Software.
Annual Budget Preparation
The right cash flow projection can help your business achieve its targets. We prepare yearly budget estimations to predict your
income and payments on a short-term basis, including detailed budget balance sheets, cash flow budgets, income sources,
and expenses, etc.