Scenario: A start-up sourcing products from China and selling on Amazon.
Challenge: Wanted to sell as the business grows, without investing in CFO services. Calculating Cost of Sales for identifying items with highest margins and contributions.
Solution by RealEdge :
- Process for capturing imports and related expenses and tagging them implemented in RealBooks to calculate the exact cost of sales.
- Process for stock transfers against GST Invoices to Amazon, and maintaining stock at Amazon’s godowns.
- Importing Sales data via Excel sent by Amazon and doing stock reconciliations. The client is able to plan better which products to order and when to order them.
Over the last three years, the client has grown 5 times without worrying about creating a finance and accounting team.