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?
We provide a full range of services such as:
Professional accountants would ensure your records are accurate and up to date, helping you:
Yes, we specialize in serving SMEs across various sectors. Our services are flexible and tailored to suit your specific business needs and growth stage.
Yes! Our team has the experience of working with cloud based accounting system would assist with the setup and training on your favourable accounting software which aligns with your business operations and reporting needs.
This depends on your business size and transaction volume. In the ideal circumstances, we recommend weekly updates to ensure timely and accurate financial reporting and business decision making.
To begin, we’ll need access to:
We’ll guide you through a simple onboarding process.
Yes, we offer secure and efficient remote bookkeeping services, considering that our preferred accounting software is cloud based, allowing you to upload financial documents online while we manage your accounts from our office.
Yes. We prepare general purpose financial statements in accordance with your chose financial reporting frame work (either IFRS or IFRS for SMEs) comprising:
Absolutely. Our cloud based accounting software providers employs multiple security measures to protect the confidentiality and integrity of user data, including encryption, robust physical security controls, and compliance with industry standards like ISO 27001.
Simply contact us to book a consultation. We’ll assess your needs and recommend the right accounting and bookkeeping package for your business.
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
Thank you for visiting the Akonu and Partners Chartered Accountants website. This Privacy Policy outlines how we collect, use, and protect your personal information when you use our website.
1. Information We Collect
We may collect the following types of personal information:
Name
Contact information, including email address and phone number
Any other information voluntarily provided through contact forms or inquiries
2. How We Use Your Information
We use the collected information for the following purposes:
3. Data Sharing
We do not sell, trade, or otherwise transfer your personal information to outside parties. However, we may share information with trusted third parties who assist us in operating our website or servicing you, as long as those parties agree to keep this information confidential.
4. Security
We are committed to ensuring that your information is secure. We have implemented suitable physical, electronic, and managerial procedures to safeguard and secure the information we collect online.
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You have the right to:
Request access to the personal information we hold about you.
Ask for your information to be corrected or updated.
Withdraw your consent for processing personal information.
6. Data Retention
We will retain your personal information for as long as necessary to fulfill the purposes outlined in this Privacy Policy, unless a longer retention period is required or permitted by law.
7. Legal Basis for Processing
Our legal basis for collecting and processing personal information is Contractual Necessity: Processing is necessary for the performance of a contract to which the data subject is a party or in order to take steps at the request of the data subject prior to entering into a contract.
8. Updates to Privacy Policy
We may update this Privacy Policy from time to time to reflect changes in our practices. Any updates will be effective upon posting on this page.
9. Contact Us
If you have any questions or concerns about our Privacy Policy, please contact us at:
Akonu and Partners Chartered Accountants
0302222951, 0205903022
P.O.BOX AN 18677, Accra North
No. 8 Nuumo Akwaa Mensa Street,
Kokomlemle, Accra
