Welcome to LASI
What LASI is, how a live-auction business flows through it from stock to money, and the handful of ideas every seller needs before the rest of this guide makes sense.
13 sections · about 8 min read
On this page
- 1. What LASI is
- 2. Who LASI is for
- 3. The big picture: stock in to money out
- 4. Two kinds of inventory: bins and barcoded items
- 5. What a unit costs: oldest stock first
- 6. The business day
- 7. The kinds of show
- 8. Finalize: when a show becomes sales
- 9. Where the money numbers come from
- 10. Roles in one paragraph
- 11. The web app, the iPhone app and the Chrome extension
- 12. How to use this guide
- 13. Common questions
What LASI is#
LASI (Live Auction Seller Intelligence) is the back office for sellers who run live auctions on TikTok Shop. It keeps track of your stock, runs the work around every show, pulls your TikTok orders in, helps you pack and ship them, handles what comes back, and tells you what each stream really made after fees, shipping and the cost of what you sold.
Most live sellers start with a spreadsheet, the TikTok Seller Center and a lot of memory. LASI replaces the spreadsheet and fills in what Seller Center does not tell you: which bin a sale came out of, what that unit cost you, how much of the payout is still on its way, and which host sold what.
You may still see the name HAMMR in older messages or links. That was LASI’s earlier name; it is the same product.
Who LASI is for#
LASI is built for a live-auction business with a team: an owner who needs the real numbers, a manager who runs the day, hosts who stream, warehouse staff who stage, pack and ship, and customer service agents who answer buyers.
- Owners (admins) see everything — inventory, sales, costs, profit, payroll and every setting.
- Managers run operations and see sales revenue, but not costs or profit.
- Hosts run their shows, close out their own, and see their own commission.
- Staff stage, scan, sell, count back, pack and receive stock — with no money shown.
- Customer service works TikTok returns and replacement requests, and nothing else.
Every login sees only what its role allows, so you can hand the warehouse a login without handing it your margins. The full breakdown is in Your team and roles.
The big picture: stock in to money out#
Everything in LASI hangs off one loop. Each stage has its own part of this guide.
Bins and barcoded items, costs recorded
Stage or count, sell live on TikTok
The show becomes sales
Scan a sticker, the label prints
P&L, fees, cash flow
Restocked or written off
Boxes go to the carrier
- Stock in
Bins and barcoded items, costs recorded
- Show
Stage or count, sell live on TikTok
- Finalize
The show becomes sales
- Pack
Scan a sticker, the label prints
- Ship
Boxes go to the carrier
- Returns
Restocked or written off
- Money
P&L, fees, cash flow
- reorderback to Stock in
- 1Stock in. You add what you bought — a pallet of one kind of thing, or barcoded items one by one — with what it cost. A supplier invoice can arrive as an incoming order and become stock when the truck does. See Inventory, The catalog and Incoming orders.
- 2The show. You create a show, sell live on TikTok, and record what sold — before, during or after the stream, depending on how you work. See Shows.
- 3Finalize. Closing a show turns it into sales: revenue, fees, cost of goods and host commission land in your reports. See Finalizing.
- 4Pack. At the packing bench you scan a sold item’s sticker and its shipping label prints. See The packing station.
- 5Ship. Labels come from your shipping software, TikTok, or LASI itself. See Shipping.
- 6Returns. Buyer returns, cancellations and replacements are answered and received back into stock. See Returns and Replacements.
- 7Money. Sales, the P&L, TikTok’s real fees and the cash on its way to your bank. See Finance and TikTok fees.
Two kinds of inventory: bins and barcoded items#
LASI tracks stock in two shapes, and you can use both at once.
Pallet bin
Queen blankets
212 units
One cost layer per purchase
Counted by quantity. Every unit is the same to a buyer.
Barcoded items
AUC-000481
Sneakers, size 10
$18
AUC-000482
Leather tote
$22
AUC-000483
Leather tote
$22
AUC-000484
Designer scarf
$31
One row per piece, each with its own label and its own cost.
| Pallet bin | Barcoded item | |
|---|---|---|
| What it is | A bin of units that are all the same to a buyer — a lot of throw blankets, a case of one fragrance | One physical piece with its own AUC- barcode label — a pair of sneakers, a designer bag |
| How you count it | By quantity: “212 units” | One row per piece |
| What it cost | Tracked in cost layers, one per purchase (see the next section) | Its own purchase cost, carried on the item |
| Typical show | Sold off the bin during or after the stream | Scanned as it sells |
On the Inventory page these are the Pallets and Items tabs. Most TikTok auction sellers sell mostly from bins; barcoded items are for stock you count one piece at a time.
What a unit costs: oldest stock first#
You rarely buy a bin’s contents at one price. You buy 100 blankets at $3.80 this month and another 100 at $4.25 next month, and they go in the same bin. LASI keeps each purchase as its own cost layer and, when a unit sells, takes it from the oldest layer first. Accountants call this FIFO: first in, first out.
Now
Next unit sold costs $4.10
After 12 sell
Next unit sold now costs $3.80
That is why a bin’s cost per unit on screen means the cost of the next unit to sell, not an average. When the oldest layer runs out, the figure moves to the next layer’s price. Each sale keeps the exact cost of the units it took, so your profit is right even when the bin mixes several buys.
The business day#
A show that starts at 9 PM and runs past midnight is still one night’s show. LASI groups everything by your business day — the calendar day in your business’s own timezone, set in Settings → Business → Timezone. Show dates, daily sales, the P&L and every “today” in the app use it.
It does not follow the clock on the computer you are using. A manager travelling in another timezone still sees the same days as the warehouse.
The kinds of show#
Every show starts from Auctions → New Show. The form asks one question — When are you recording sales? — and the answer picks how the show runs.
| Choice on the form | What happens | Chapter |
|---|---|---|
| After the show | The stream runs; LASI keeps a live board with the stream’s sales. Afterwards you count what sold from each bin and confirm it. The most common way to run a bin show. | The post-show flow |
| Stage first, sell live | You move a counted amount from each bin onto the set before going live, sell, then count what physically came back. Sold = staged minus what returned. | The staged flow |
| SKU live — scan to sell | Every sale is a scan during the stream. New shows sell by numbered sticker: scan the sticker, then the item. | Sticker shows |
Whichever you pick, a show ends the same way: it is finalized.
Finalize: when a show becomes sales#
Counting a show back moves the stock. Finalizing it is what turns it into sales in your reports: the gross from TikTok, the fees, the shipping buyers paid, the cost of what sold, giveaways, and the host’s commission. Until a show is finalized, the Sales and Finance pages show no revenue for it.
When you finalize, LASI usually already knows the gross, because the show’s TikTok stream is linked to it. The fee is an estimate at your shop’s rate at that moment; LASI replaces it with TikTok’s own figures as they arrive over the following days (see TikTok fees).
Where the money numbers come from#
- Revenue comes from finalized shows, TikTok orders and Shopify orders, all in one sales record.
- Cost of goods comes from the exact cost of the units each sale used (the cost layers above, or a barcoded item’s own cost).
- TikTok fees start as an estimate and are corrected to TikTok’s figures as orders settle.
- Shipping is what buyers paid for shipping against what your labels cost.
- Losses — damaged, missing, replacements sent — are their own line, never hidden inside a sale.
A figure LASI cannot know yet shows as a dash, never as $0. A $0 would read as “free”; a dash reads as “not known yet”.
Roles in one paragraph#
There are five roles: Admin, Manager, Host, Staff and Customer service. Money is the dividing line. Admins see profit and costs; managers and hosts see revenue (a host only for their own shows); staff see no money at all; customer service sees only the refund amounts on the returns it answers. Each role’s sidebar only lists the pages it can open. The full table is in Your team and roles.
The web app, the iPhone app and the Chrome extension#
LASI comes in three pieces that share one account and one set of data.
Web app
Everything, at a desk or on any browser
iPhone app
Today tab, show boards, scanning, packing, on the go
Chrome extension
Reads live viewer and sales numbers off TikTok’s LIVE dashboard
| Piece | Where it runs | What it is for |
|---|---|---|
| The web app | Any modern browser, on a computer, tablet or phone | Everything: inventory, shows, packing, shipping, returns, finance and every setting. |
| The LASI iPhone app | iPhone | The Today tab with live stream sales, show boards and counting, scanning with the camera, packing, receiving deliveries, the catalog and host commission. See The LASI iPhone app. |
| The Chrome extension | Google Chrome on the laptop you stream from | Reads live viewers, likes and sales off TikTok’s LIVE dashboard, because TikTok does not share those while you are live. See The LASI Chrome extension. |
You can also connect Claude to LASI so you can ask questions about your business in plain words. See LASI with Claude.
How to use this guide#
- Search — the search box finds a word wherever it appears in the guide, including button names. Type the label you see on screen.
- Chapters — the guide is in parts that follow the order you meet things: start here, inventory, shows, packing and shipping, streams, after the sale, money, apps, and your account.
- Paths are written click by click, like
Settings → Business → Timezone. - “Who” under a section title means only those roles can do it. If a button described here is missing for you, your role probably does not include it.
New here? Read Setting up your business next, then Finding your way around. Inside the app, the Help page has quick answers and an assistant you can ask in plain words.
Common questions#
Do I need TikTok Shop connected to use LASI?
No. Inventory, shows, counting and your own reports work without it, and TikTok order exports can be uploaded as a file. But connecting TikTok Shop is what fills in each show’s gross, fees, shipping, cancels and returns by itself, so almost every seller connects it on day one.
Can I use both bins and barcoded items?
Yes. They live side by side on the Inventory page, and a single show can sell from both.
Why does a bin’s cost change after a sale?
Because the cost shown is the cost of the next unit to sell. When the oldest purchase in the bin runs out, the next one’s price takes over. Past sales keep the cost they were sold at.
Why does my show show no revenue?
It has not been finalized yet. Counting moves stock; finalizing puts the show into your sales. Open the show from Auctions and finish the close.
Does LASI create auctions on TikTok for me?
No. TikTok does not let any outside app create auctions. LASI can hold a list of the listings to create for a show and hand it to an automation you run; see Scheduling listings.
Does LASI work for Whatnot or other platforms?
LASI is built around TikTok Shop, and Shopify sales can flow in too. Sales from elsewhere can be recorded, but the automatic order, fee and return features are TikTok’s.
Is my data private from other LASI sellers?
Yes. Every business’s data is kept apart, and an admin can export all of it at any time from Settings → Billing & data → Your Data.
Where do I start?
Follow Setting up your business — it is a day-one checklist in order.
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