Physical goods
Every order, kept.
For startups, scaleups and cross-border traders buying from overseas suppliers or contract manufacturers. We keep the order, the goods, the books and the cash telling the same story.
Order approved. PO-4471 for 1,000 units at $50,000. A commitment, not a payable.
Why it's hard
Four timelines that have to agree.
Commitment, goods, books and cash move on different days. We keep each one honest.
An approved order
is not a bill you owe.
Paid
is not received.
In the warehouse
is not owned.
Shipped
is not revenue.
Cleared customs
is not all costs settled.
One question for your ops lead
980 arrived. Where are the other 20?
We don't guess about goods. We ask the person who knows, once, and do everything that follows.
Waiting on your ops lead.
Landed cost
$57 a unit, not $50.
Freight, duty and broker fees belong in the cost of each unit. Sold at $100, here's what that does.
- Cost of goods sold
- $34,200
- Inventory left
- $22,800
- Gross profit
- $25,800
- Gross margin
- 43%
- Net cash on the order
- +$3,000
Landed $57,000 = goods $50,000 + freight, duty and broker $7,000. Duty amounts are illustrative.
Who does what
Everyone does their part once.
- ElagonDeposits, advances, in-transit stock, landed cost, inventory, payables, reconciliation and close.
- YouApprove orders and payments. Decide write-downs and disputes.
- Your ops leadConfirm what physically arrived, and answer when counts don't match.
- Your customs brokerFiles entries and bills duty. We match their bills to each shipment.
- Your accountantSigns off write-downs and tax positions.
Fit
Who this is for, today.
We'd rather tell you now than learn it in month three.
- Buying finished goods from overseas suppliers
- Contract manufacturers with deposits and balances
- Selling through Shopify, Amazon or wholesale
- One legal entity, US books
- In-house manufacturing with work in progress
- Several legal entities
- Consignment stock
- Regulated goods