Challenge: Mismanagement and insufficient staffing led to significant errors and a breakdown in financial reporting, severely impacting operational efficiency and decision-making.
Solution: Toptal reviewed 1.5 years of accounting entries, corrected errors, and ensured a smooth transition to a new general ledger system—restoring accurate financial reporting. In parallel, the team revamped accounting functions, trained staff on advanced business process tools, and streamlined operations—significantly reducing error rates and improving productivity.
Outcome: Toptal’s interventions recovered $60,000 in unaccounted cash and secured a $1 million grant, preserving critical financial resources. The new accounting processes provided actionable insights, enabling strategic decisions that supported the successful expansion of the restaurant chain’s locations in spring 2024.