![]() ![]() To avoid transferring altogether, try using a free app like Sortly to track information about your products using your phone or tablet. This step is incredibly prone to human error, as your eyes can jumble numbers and cells easily. Pro tip: be very careful when transferring item details onto the template. Plus, who wants to audit a stockroom while dragging around a laptop anyway!? After all, if you want to practice inventory control, you’ll need to know how your inventory was used in the past. While this may seem like an unnecessary step, it’s pretty much the only way to create a real inventory history. If this process seems too labor intensive, remember that an inventory app like Sortly can effortlessly track these changes for you. ![]() To maintain inventory history, try creating a new tab for every count or audit you complete. This is also when you can calculate simple formulas like inventory value. Once you’re done counting inventory on your printed list, head back to the computer and transfer your data to the spreadsheet. Take note of these issues and think about how you can improve the way you stock, organize and store your assets. Tracking inventory isn’t something anyone can master in a day. Remember, you may find inconsistencies and inefficiencies as you work. As you audit, consider how to better organize organizeĪs you take stock of what you’ve got, move thoughtfully through your storage areas. You can record key item details, including quantity, right onto the printed sheet. If you choose to use one of our inventory templates, we recommend printing out the template, sticking it on a clipboard, and physically counting your inventory. While our Sortly team recommends getting organized with our inventory app from the get-go, we understand that a lot of people are more comfortable with a spreadsheet. Print it out for faster, hands-on auditing Remember, you can always go back and add new columns, so don’t be afraid to make adjustments to the template as you learn more about what works for you and your colleagues. Try creating a few extra, blank columns for random notes, too. While even the best inventory spreadsheets come with optimized, suggested columns, you’ll likely want to make changes to your spreadsheet so it’s perfect for your business. ![]() Like all inventory sheets, an Excel inventory templates should be used to count, track and audit everything your company stocks. However, if your business is just getting off the ground or you’re just starting to track inventory, spreadsheets can be a good entry point.Īll the inventory news & insights you need, delivered straight to your inbox every week. Inventory management software is a better solution for inventory tracking for most businesses-it’s easier, more convenient, and fully mobile (unlike spreadsheets). There are also columns that may be updated frequently for example, condition, quantity on hand, and current location. Usually, there are static columns for information like item name, SKU, product description, product cost, unit price, value, purchase price, vendor information and minimum quantity. Like pen-and-paper inventories and inventory management software, these templates help businesses track assets, control quantity on hand (and carrying costs), and keep good records for forecasting, tax, and insurance purposes. What is an Excel inventory template?Īn Excel inventory template, like most other inventory spreadsheets, tracks the details of everything your company stocks and stores. Finally, we’ll offer tips on upgrading from a spreadsheet inventory to an inventory app, if and when you’re ready. We’ll also discuss how inventory management software and inventory apps can help even the smallest of businesses stress less and better allocate resources. Then, we’ll touch on the benefits and drawbacks of using Excel to manage your business inventory. In this article, we’ll offer free inventory templates for Excel, then dive into the best way to take inventory on a spreadsheet. Tracking assets using an excel template can also save your business resources, time and money.ĭon’t have Excel? You can also track, manage and control stock using Google Sheets or a smartsheet. Whether you’re a small business that stocks medical equipment or a national distributor of marble countertops, using an inventory list template can help you understand what you’ve got, where it is and how much you have on hand. An excel inventory template is a simple, inexpensive way to keep track of your company’s assets.
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