In this case study, we highlight our successful partnership with Waypoint Port Services (Ghana) Ltd
and how we transformed their accounting practices from manual and time-consuming,
to efficient and structured.
Before choosing Akonu & Partners, Waypoint Port Services faced manual, slow, frustrating, and inconsistent methods of aligning their financial reporting with their tax reporting – resulting in mismatches that came with back taxes and interest. The company struggled to explain their accounting treatment and to reconcile them to their tax position during a tax audit, which contributed to the payment of interest and a penalty.
Citing our extensive knowledge in accounting and strong professional relationships with government authorities, Waypoint Port Services recognized our unique expertise and competence and appreciated our attention to detail. We used our cloud-based technology to collaborate with the company and it gave us a transparent basis to present
the company’s facts to the satisfaction of the Ghana Revenue Authority during a tax audit. From there, our system and team ensured every aspect of their
accounting was meticulously handled, leaving no
room for errors or compliance issues – while also
giving them lasting peace of mind.
Since partnering with Akonu & Partners, Waypoint Port Services has witnessed remarkable improvements in its accounting practices. Issues with reconciling accounting position to tax position and providing supporting documents for transaction in tax audits is seamless. The adoption of the Xero accounting system revolutionized their financial management, enabling streamlined processes, improved accuracy, and better decision-making.
Our involvement with their financial reporting function allowed them to step up their compliance efforts. Plus, our representation on behalf of Waypoint Port Services with
the GRA, and our strong professional ties with government authorities allowed them to stop stressing about whether they’d run into any issues in the future.
If you’re interested in achieving similar results by focusing more on your core business operations while entrusting your financial management to experts, then the best place to start is with our “Accounting Answers” Strategy Call.
You’ll leave our conversation excited to streamline your books and free up your time to focus on the other essential needle-movers.
And you’ll have a clear path forward to maximize your returns. The best part? You’ll feel stress-free knowing that we can manage every detail so your numbers never become a headache for you again.
What do you say… ready to chat?
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If the answer is a resounding “YES” then let our team of experts help. We’ll keep your business compliant while also removing the stress that usually comes with taxes and accounting. Save time, save money, and leave the number crunching to us.
Last Updated: 24th February 2024
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Akonu and Partners Chartered Accountants
0302222951, 0205903022
P.O.BOX AN 18677, Accra North
No. 8 Nuumo Akwaa Mensa Street,
Kokomlemle, Accra
