- CA : 1001 Wilshire Blvd, Los Angeles, CA 90017
- NY: 1178 Broadway, 3rd Floor #3067, New York, NY 10001
The business faced a critical financial breakdown due to five years of inaccurate accounting, multiple POS systems, and complex revenue-sharing agreements. Strategic acquisitions further complicated reporting, with key issues such as missing backup documentation for 60% of entries, $2.5M in unexplained expenditures, and revenue discrepancies of up to 25% compared to actual deposits. These challenges eroded investor trust and stalled funding efforts.
Thanks to their expert guidance, we regained control over our complex financials and restored investor confidence, leading to a successful funding round and a solid foundation for growth.
Patrick Jensen
Founder
The restructuring and outsourcing strategy bore immediate and tangible benefits
A detailed forensic audit revealed $4 million in unrecorded income and assets, including missed deposits and misclassified transactions. These findings significantly improved the company’s financial standing and cash flow. It also restored internal trust and improved compliance posture. The recovered revenue gave leadership a stronger foundation for planning.
Through vendor contract audits and renegotiations, the company uncovered overpayments and pricing inefficiencies. These corrections led to $600,000 in annual cost savings, directly enhancing margins and improving liquidity. The savings were immediate and recurring, strengthening long-term cash flow. These actions also established more favourable terms moving forward.
The company transitioned from a fragmented and error-prone system to a structured GAAP-compliant accounting framework. This overhaul enabled the production of fully auditable financial statements that could withstand investor scrutiny. Clean books increased transparency, built stakeholder trust, and supported future fundraising. The upgrade also reduced compliance risk significantly.
Accurate, audit-ready financials-built trust with investors and demonstrated the company’s operational maturity. As a result, the business successfully raised $20 million in funding within just three months. This influx of capital accelerated expansion plans and positioned the company for rapid scaling. The clean financial reporting was pivotal in securing investor confidence.
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