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Apr 11, 2024 · To do so, you just have to right-click the right-most column and select + Insert 1 column right. You can follow similar steps to delete columns from your inventory management spreadsheet that your business doesn’t need. Just right-click the column header for unwanted columns and select Delete column. Related Reading: Google Sheets Profit and ...
Mar 9, 2022 · Simple Google Sheets Inventory Template. Use this simple, customizable template to capture reorder details and item information, such as item number, name, manufacturer, and description. This template also allows you to track inventory value, reorder level, days per reorder, item reorder quantity, and whether or not an item has been discontinued.
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How to Make a Google Sheets Inventory Template. Follow the steps below to create a simple Google Sheets inventory template. 1. Rename Your Spreadsheet and Input Descriptive Headers for Inventory Details. Rename your spreadsheet to "Inventory Template" by clicking on the title at the top. In the first row, input headers such as "Item Name ...
- Basic Inventory Tracker by SoftwareAccountant. This FREE-to-download inventory tracking template is a perfect fit for small eCommerce owners.
- Basic Inventory Template by Template.net. This is another simple-to-use inventory tracker template using Google Sheets on this list.
- Advanced Inventory Management Template by Sheetgo. This template by Sheetgo boasts an impressive dashboard for inventory management.
- Product Inventory Template by Smartsheet. Smartsheet’s Google Sheets template is a complete solution for the inventory that enters your company.
- Prepare The Sheet
- Enter The Items and Amounts
- Purchase Price and Ending Value
- Total Inventory Value
- Formatting Your Sheet
- Book to Actual Comparison
- Adjust Your GL
In order to have all of the right column headers, start the spreadsheet by adding the following labels in the first row: 1. Item 2. Beginning balances 3. Purchases 4. Sales 5. Ending balance 6. Purchase Price 7. Ending Value
Enter your item descriptions in the first column under the Item header. When you use this spreadsheet for the first month, you need to hard-code the beginning balances. In subsequent months, you will be able to link the beginning balances to the prior period’s ending balances. We will review how to do that later but, for now, just type your amounts...
For purchase price, use the last price that you paid for a gallon of this ice cream flavor. That way, the value will reflect the market value closely if it’s the most recent market price. For the ending value, we’re going to take the ending balance, which is column F, multiply it by the latest purchase price, which is G4, =F4*G4and that’s the endin...
Next, we’re going to total the value of our inventory. Go to the bottom of the ending value column and type =SUMfor your formula. Open up the parentheses and choose the range of all the ending values. I went back in and I filled out some activity for two more flavors of ice cream. The ending value of this inventory is the total shown in the ending ...
Let’s do a little bit of formatting so it’s easier to read. In order to get all of the numbers in the value column to have two decimal points, change the formatting to Number by going to the Format menu, choosing Number, and then selecting Number again. Now all of the decimal points are lined up which makes it visually easier to read. Let’s do a bo...
After all of your careful tracking, some of your inventory is going to mysteriously shrink, right? Or, you’re going to purchase something and record it incorrectly. In other words, this ending value over the months is going to become inaccurate no matter how hard you try to keep it right. What you can do is a monthly or a quarterly physical invento...
After you do your physical count and you check your prices, this is the dollar amount that you should have recorded in your general ledger as your inventory. For the months that you do a physical count, you should adjust your inventory to actual and then book the difference to your cost of goods sold. Note that the first worksheet in the template i...
- 7 min
Jan 6, 2023 · Simply follow this 4-step tutorial to set up your own version of the IPM spreadsheet: Grab your free copy of Cogsy’s inventory management template. Export all your order data from Shopify, Amazon, or another preferred selling platform. Copy and paste all that order data into Cogsy’s Inventory Prioritization Matrix.
