Excel Inventory Template with FIFO method of Inventory Valuation & Automated Calculations
HTML-код
- Опубликовано: 11 сен 2024
- 📊 Excel Inventory Template with Automated FIFO Valuation & Reporting
Looking to streamline your inventory management process in Excel? Look no further! In this comprehensive tutorial, we'll walk you through our Multiproduct Excel Inventory Template that comes packed with automated FIFO (First-In, First-Out) valuation and reporting features. 📈
🔗 To download the Multiproduct Excel Inventory Template, subscribe the channel and click the link below: www.dropbox.co...
📌 Key Features:
Automated FIFO Valuation: Say goodbye to manual calculations! Our template automatically calculates inventory values using the FIFO method, ensuring accurate cost allocation.
Real-time Reporting: Stay on top of your inventory levels with real-time reports that display product quantities, valuations, and more, at the click of a button.
User-Friendly Interface: Whether you're an Excel novice or an experienced user, our template's user-friendly design makes it easy to input, manage, and analyze your inventory data.
Customizable for Your Needs: Tailor the template to fit your business requirements by adding more products, adjusting formulas, and incorporating your branding.
📊 What You'll Learn:
Template Navigation: Get acquainted with the template's layout and navigation to make the most of its features.
Inputting Inventory Data: Learn how to input your product details, purchase history, and sales information efficiently.
Automated FIFO Calculation: Discover how the template automates the FIFO valuation process, eliminating the need for manual calculations.
Generating Reports: See how you can generate insightful reports that offer a snapshot of your inventory's health.
Advanced Customization: If you're Excel-savvy, explore advanced customization options to adapt the template to your specific business needs.
📈 Efficient inventory management is crucial for any business's success, and our Multiproduct Excel Inventory Template is your ultimate tool for achieving it. Say goodbye to tedious calculations and hello to streamlined, accurate, and insightful inventory control.
🔔 Don't forget to like, comment, and subscribe for more Excel tips and templates to boost your productivity! If you found this tutorial helpful, give us a thumbs up and share it with your fellow spreadsheet enthusiasts. 🚀
#businessproductivity #excel #exceltips #inventorymanagement
Inventory Template with LIFO valuation: ruclips.net/video/nAlrNWJSMOA/видео.html
The matter is very important to me at work. Please respond. Why does the Excel sheet work from bottom to top? Why not the opposite? Also, I applied the main equation as in the explanation, but it does not give the same result. Please give me the Excel sheet that works from top to bottom. Please prepare.
link does not work anymore :(
Thank you for the tutorial and explaining everything clearly. The video is long, yes BUT each and everything is explained nicely.
The neat little formula in column J, I had to rewatch it multiple times to get my head over it.
Again, thanks alot.
Thank you so much. finally i've found this tutorial 🎉
I learned clearly in this tutorial, Thank You very mutch Sir !!!
you saved my life! thank you so much.
You have delivered it very well brother. Thank you very much 💌. Can one accomplish this with Google Sheets?
it is amazing tutorial bro, thanks a lot.
Thank you sir for such amazing explaination.
Thanks for the Video, i dont know why after a while, when I add a New Stock Out or Stock in , the automatic drop down lists do not appear, and i have to copy and paste the inventory item that is coming in or out before updating. Why is this happening ? Thanks
Very clearly and usefull, However the dowload file lack of stock out date
Hope you can create more location/position into file for easy control
Thanks a lot
Hi, thanks for uploading this video. Very helpful. I want to make use of it for my stock market transactions. However, i am stuck with calculation of cost of shares sold, unsold shares and their cost under FIFO method. Can you please help me how can i do that. Currently, i have data as below in One excel tab:
Col A Share name
Col B Date of transaction
Col C Transaction type i..e Buy or Sell
Col D Quantity
Col E Rate
I will be very grateful if you can advise how can i have an automated file that can give me:
Realized gains/losses
Unsold quantity and cost
Unrealized gains
I deal in different shares, hence one share can be bought and sold multiple times. I took help from Chatgpt but is formulas are giving wrong results in case of split buy or sell transactions.
Kind Regards
Please make a video on how to create an average price inventory valuation.
We already have one. Here is the link:
ruclips.net/video/-N02A0yKGsY/видео.html
If any items mistakenly show as extra out in the inventory out table and their inventory balance is not available, how can this be traced? Ideally, it should be that the available column in the inventory in table is subtracted by the outstanding, and the inventory balance column unit is also subtracted
is there any video on how to automate FIFO method of Inventory Valuation with google sheets?
Awsome Very Helpful
very helpfull
Hi, How can you calcute if it has a beginning stocks+stock in-stock out=balance?
Hello daer i downloaded the excel sheet and the macros are not working. do you know how to enable them to work
Hi, actually Microsoft blocks the macros for the files download from the internet. But you can allow them following the instructions given in this link:
support.microsoft.com/en-us/topic/a-potentially-dangerous-macro-has-been-blocked-0952faa0-37e7-4316-b61d-5b5ed6024216
sir, how to protect the program to avoid the user's from accidentally deleting the formula on a cell especially to cell that has a computation/formula already.. please let me know..thanks
If 02Jul23 Purchased need to return 50 units then how to calculate with that particular date rate ?
Hi, I didn't find the video link for single product FIFO that you mentioned. Could you please link it? Thanks!
Here is the link:
ruclips.net/video/IZMmEHiRWEM/видео.html
@@itaai The matter is very important to me at work. Please respond. Why does the Excel sheet work from bottom to top? Why not the opposite? Also, I applied the main equation as in the explanation, but it does not give the same result. Please give me the Excel sheet that works from top to bottom. Please prepare.
Hi
I need some modifications to be made. How can i contact you to share my requirements.
Hi, I have used your video to set up a stock portfolio management system. Everything works well except for the automation for calculating COGS. It is changing the cell in the second row as well and giving the same resulting value in both cells.
Can you please help me figure out why this is happening, I’ve tried re-doing a few times with the same result
Seems like either you added rows or cells to the template after recording the macro, resulting in the malfunction of macro. Or otherwise you have made a mistake in selecting cells in recording the macro.
Just delete the macro and re-record it ensuring you are selecting the right cells. It should fix the problem.
If the problem remains, please share your excel file with me by uploading it to google drive and sharing the link.
Hi,
Is there a special reason why you enter the new line at the top always and not at the end?
Just that the latest data should be in front, so that we can see it without scrolling. But it's a matter of choice and you can choose otherwise.
@@itaai if we can choose otherwise will it continues to work? And why stop making the videos.
How to add column for sell cost per unit
Hi man, why the date column for stock out is deleted from worksheet?
This is optional column with no formulas associated with it. You can choose to keep it or delete it.
Excel Inventory Template with Weighted Average Method of Inventory Valuation & Automated Calculations
ruclips.net/video/-N02A0yKGsY/видео.html
You are doing wonderful job. But why Weighted Average Method is removed
is it possible to add multiple stock out and calculate COGS for multiple stock out with one click
Each stock out has to be entered separately, and COGS will be calculated separately too. You can repeat this process for every stock out in this template.
@@itaaiThis would be too much manual work if there are thousands of records for sale. Is there any possibility of automation here?
Sure, you can automate this entry from the point where you are recording Sales. So, when the sales is recorded, this entry will happen automatically.
This is great for the first month but when the next month comes, the closing stock of this month should automatically be made as the opening stock of the next month. How can I do that?
because I want to keep each month in separate sheets
The balance table always show the balance at the moment. So, you can consider it opening balance. Regarding the Inventory in table which is being used in calculations, we have to keep the batches separate if we want to apply the FIFO method.
Please I don't understand this and I also need to keep the monthly inventory on separate sheets. Also it takes a long time to add a new line to the inventory in and out tables when you have a lot of inventory for the month. Please what can we do to reduce this
@@itaaiplease I need to understand this. I don't want to keep monthly inventory on the same sheet and it takes a long time to add new rows on the inventory in and out tables due to large data input. How can you help
@@toboreobore9612 Just copy paste the sheet to make a new sheet, and then hide all the rows from the previous month. You are ready for the new month.
Hi, Is it possible to get the same for HIFO
They use HIFO for Crypto
In our data, the new units always came at higher price. So, it seemed like the formulas can serve for HIFO as well. But, in reality the new units can come at equal or even lower price, so this formula cannot be used for HIFO.
@@itaai Thanks for the response, I meant can we modify the formula in Excel. Also, I have the Outs may be for 10 items and I copy from Excel at one go, because, in reality, we do it at one go and not by a single item. As in I use 10 rows at a time to update the outflows, so in such a scenario how can we modify the formula for COGS. Can you help in this matter.
hello , thanks for explanetion , can u make videos for LİFO and AVCO ?
The video on AVCO is available on our channel.
Here is the link: ruclips.net/video/-N02A0yKGsY/видео.html
any tips for LİFO?
Actually LIFO is not used anymore in the countries following IFRS reporting standards. But it is in our pipeline and I hope to share that with you soon.
i will try to reverse your FIFO
Just reversing it won't work, as for FIFO we have a consistent range of data, but for LIFO, every new purchase makes it the first priority and we have to bypass the previously available units. So, writing a logic based on date will work.