Physical stock count quantities are measured against theoretical stock balances and once the accuracy of the stock take variances has been established, the calculated stock variances can be recorded as stock adjustments on the Movements sheet in order to adjust the theoretical stock quantities to the physical stock count quantities.ĭashboard - the inventory dashboard is automatically updated based on the stock code and dates selected in the filter section of the dashboard. StockCount - this sheet can be used to perform a physical stock count and to analyse stock take variances. Movements - all inventory movement transactions should be recorded on this sheet. StockCodes - this sheet can be used to create unique stock codes for all inventory items and also includes inventory valuation and inventory movement calculations by stock code. The following sheets are included in this template: All inventory valuations are performed on an average cost basis. The functionality included in this template enables users to control inventory by creating stock codes for all individual inventory items recording inventory purchases, usage and adjustments performing physical stock counts and analysing stock take variances calculating stock valuations and measuring sales, cost of sales & gross profits based on any user defined date range. In many business environments, it is impractical to perform accurate calculations of cost of sales and it is a lot more feasible to compare inventory usage to sales. So be prepared just in case.Ĭontact Simply Contents for help with content inventory, packing and safekeeping.This unique template enables users to analyse the profitability of a business by comparing sales to inventory usage. You can’t know when disaster will strike. Final ThoughtsĪt the end of the day, the most important thing to remember for how to make an inventory spreadsheet is to start now. You can also organize your items into various folders and add tags to make searching for things easier down the road. You can add pictures of the item and receipts as well as the price you paid and purchase date. You can use either to organize your inventory. ![]() If Excel seems too tedious, you can use various home inventory apps to help you instead.įor example, Sortly and Memento Database both have web interfaces as well as mobile apps. If you have photos of the item and photos of the receipts, you can include these right in your spreadsheet or keep them in a separate cloud folder. Use Excel to create columns and list things like item name, description, serial number, price and so on. So how do you go about making an inventory spreadsheet? Start with a small room and see what should be added to the inventory. ![]() Input the serial number in your spreadsheet and if you have the receipt still, great.Īnother method is to work by rooms. You can probably easily recall how much your most recent items cost and where you bought them. One way to get going is to start with your recent, big-ticket purchases. It can be overwhelming to try to document everything in your house. While you may not need to include a list of all your kitchen utensils and food storage containers, you may want to include small appliances like bread makers, food processors and waffle makers.ĭon’t forget to protect your important documents from natural disasters. Same goes for power tools, fine art and furniture. For example, a designer coat or purse that cost over 4 figures should definitely make it onto the list.Įlectronics are always good choices. However, if you have any big ticket items in any category, go ahead and add that. Things like clothing often have a maximum amount that your insurance company will reimburse you for. It’s up to you how thorough you want your home inventory for insurance to be. What to Include on Your Home Inventory for Insurance Read on to learn what to include in this spreadsheet and how to go about making one now. One way to protect against getting less than you deserve is by learning how to make an inventory spreadsheet. There can be a huge price and value difference between top-of-the-line models and the basic units. ![]() When you talk to your insurance adjuster, you will need to provide a list of all the items you had, and without a home inventory insurance list it will be almost impossible to recoup the full value of your possessions.įor example, if you tell your insurance company that you had a 50-inch HDTV, they will replace it with the least expensive model they can find. Let’s say that you lost all your possessions in a house fire (knock on wood).
0 Comments
Leave a Reply. |