MS Excel - FIFO inventory Valuation Method in Excel (Fully Automated) Tutorial
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- Опубликовано: 11 сен 2024
- #FIFO #InventoryManagement #InventoryManagement #inventory
Here is the link to download template of FIFO Stock Valuation.
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MS Excel
FIFO inventory Valuation Method in Excel (Fully Automated)
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Thank you for this great videos
Very clear and the easiest way to implement FIFO I could find on youtube. THANKS A LOT. Great Tutorial!
That was a great video that helped me more than I thought
I'm really thankful for you from heart
excellent video, easy to understand
your presentation is also easy to follow
Well done for making it stand out...
This was FANTASTIC! Exactly what I was hoping to do in excel. Thank you so very much!
Welcome dear
thank you i still check many video from you
Hi! Thank so much for this excellent tutorial. Great job!!!
hi thank you for your excellent tutorial! Can you also explain how you would modify this spreadsheet if you had multiple sale prices as well as multiple purchase prices? This would be helpful in calculating the returns on your trading of a particular stock.
Ones again from the depth of my heart a BIG thank you.
Very elegant method - well done! Thanks
Many thanks! I was looking for a way to better track shares/stocks purchased and sold using the FIFO method to calculate tax liabilities. Really useful! Thank you.
Thank you very much for this excellent tutorial
Excellent Tool
Great Tutorial Sir. Please let Me know When Stocks are Different Items based on Codes How could it done. Ex. If you put a item code to Column A (#) can we look up the item code and do the calculation. Help me.
Thanks for the tutorial so much!!!
this is very informative, but it not deals multiple items. please advice me any formula
for multiple items
very good
Thanks for this video.
please upload the sheet in video description as well it will help us too
great for management stock of one product
Hi, This video is excellent, but how to use this for multiple products dynamically or using Pivot table ?
Superb! Thank you!
Great work...
Thanks man for these great videos but I want to learn a formula to make moving average according to date can you help me
SUPER BRO
HI, this is a very helpful video. Thanks for step by step guidance. However, this example is of more relevance in case of one item. What if we have numerous different items bought and sold during the year. Can you please guide on that also. It would not be efficient to make different tabs especially if the variety of items is large. I would be grateful if you can suggest on that. I do regular trading in stock market and i have large number of transactions for different shares. I want to use your model as guidance but i am stuck because of various items. Look forward for your support.
KR
Thank you Sir Very grateful
Good job!
Thanks for the video, i just want to know why you use the helping formula outside of CGS table, can you please elaborate it.
very helpful. thanks so much
thanks ~ very usefull but it was nice if you said how to calculate profit
I add 2 more columns after column I, one with the price of sale ~ and second with revenue (all sum of product betwin J*I)
First I don`t know that but I find . I hope is usefull for others that are looking to find the profit
Thanks really helpful
Nice one. Is it possible to add expiry for goods with a limited shelf life?
Wow, gr8
GOOD JOB SIR, I LIKE YOU EXPLANATION
Thanks
could you plz send the file to me. cccddd94@gmail.com thank you in advance
Bro
I have been watching ur videos..
It's literally great..
This template is just superb
Can u pls share the template where there are multiple products.. I really need that.
Pls help
Thanks..
Please add profit column in this and make another extension video for this
Thank you for this tutorial! Do you have a tutorial for tracking daily sales, daily COGS and Daily Gross Profit?
This fifo is good. As u said you had purchased 14 pics and sold 5pics so bal is 9 pics but what I want to know is that ( 14 pic purchased had different batch no or product no. How to find which batch no or product no is sold or balance in stock.) Please guide me.
Great! Thank you!
Thank you
Wow great video form you Microsoft Office Tutorials! How do you calculate the COGS for every year?
That is great, I am waiting for Life.
LIFO
Here is link for LIFO tutorial
ruclips.net/video/ilioC9MVNM0/видео.html
Great value! What template can I use for a School that buy and sell uniform stock with different sizes and types?
Awesome.
Please make tutorial on LIFO and Weighted Average
Thank you for this video , btw if i would like to know CGS daily (each day) how to do? In fact I would like to know R/M cost each day I do production by FIFO , your video is almost what I need but it is not daily. Can you advice?
It is based on one product only with different rates. But what will be the format if you have many products with each product has different rates.
Can we do the same in horizontally? For eg. Ram has a limit of 70 liters of fuel, he may purchase 20 liters @ 50, 30 liters @ 52 and again 30 liters @ 55. If we have to record all the records not exceding to 70 liters, how can we do that? The record should be in 1st line Ram, 2nd line Shyam, 3 line Hari and so on.
If we have various types of goods...
Your format can work?
Thank you very much for this fantastic video! Calculations are simple and easy to understand. It would be even better if you could add a column in J to show CGS for each line of Sales Data.
Peace be on you
Can you calculate Outstanding Balance of a customer on fifo method for a given period in brackets i.e., 0-30, 31-60, 61-90, 91-120, 121-180 and above 180.
Hi man! Great video! Would you be able to create a FIFO formula when the inventory is disposed for a different price, also for multiple items?
Paid job.
Hello, this is good. But can I get template which can be used for multiple items?
This works great for 1 or 2 items but we have over 1000 items in our inventory, is there another method or way to simplify the spreadsheet without creating 1000 pages??
Thanks For the video, Please I need the same Idea but in Multiple Products at the same time URGENTLY.
Hi Nancy.
Please send me details on whatsapp
+966540324572
Hi I need same too. Can you please help?
Please sir, kindly reply me...
@@MicrosoftOfficeTutorials I need that file too please
How to use FIFO for multiple products eg 30
This only works on homogenous data and small data sets. I’m trying to manage 100 different products with multiple purchase dates and cost/dollar
the little grey box at bottom that shows total figure. how we make?
Hey, How can i find the Cost Price of Unit Sold in this Form?
AoA I need template and it's not available on given link
what is the closing inventory date representing again?
can you make one excel sheet like this for stock portfolio, and email the form ? or provide link where we can download it, as you know it is very difficult to make one at times, would really appreciate if you can provide one.
very nicely presented- thanks- please send me the worksheet
Sir very interesting and informative. Pl tel me the full form of CGS
cost of goods sold
What if there are multiple items?
Sir, kindly suggest how we can auto calculate the average Rate of Sale Qty as per Purchase Rate on FIFO method.
You can calculate average rate of sale quantity as compare to purchased quantity by diving total sold quantity with total puchased quantity.
In any cell (in which you want to get result of this average) use this formula..... =cell reference in which you have total sold quantity / cell reference in which you have total purchased quantity
.
For that cell also change format into percentage
Is there any tutorial regarding to Weighted Average Cost Accounting for multiple assets?
Tutorial on weighted average will will shared after about 1 week.
Please don't forget to subscribe to make sure you don't miss it
@@MicrosoftOfficeTutorials
Please provide the video on weighted average...
Ur video is awesome but sir pls upload in hindi language
Hi Ankit, you can also subscribe our this channel, here we are going to upload all videos in Hindi.
ruclips.net/video/31GJiAbJeHc/видео.html
Where to find the template?
Internet first rule :-
There's always a random Indian dude who saves the day ❤️
Sir Please make Tutorial on LIFO too
File can not download as per your link
I’m afraid it isn’t calculating correctly. At 3.25 you add a sale of 2,000 units and say the closing inventory will decrease by 2,000. It actually decreases by 4,000.
That is a problem with the last line in the table.of Closing Inventory. Lines 1-13 are the true values but line 14 is a sum of lines 1-13; so the the total sum is actually twice the correct value, as it adds lines 1-13 and line 14 together. This means when the correct sum is reduced by 2000, the total sum is reduced by 4000. This extra line is removed at 15.55 in the video by removing values when the date equals zero.
Can u add opening stock details in this sheet
Yes we can add
could you please share an excel sheet for the same .
@Microsoft Office Tutorials Please share this workbook.
Please give your Email ID. I will sent you this workbook
Pl send file
Can you send me the excel file? Was too fast for me to see what I'm doing.
The explanation is not very clear but the material is good
how can i get a copy of this sheet?
May you please add subtitles on videos
Hi fantastic - please share excel.
How can download?
Thank you for this video, but what about Lifo how can we collect it
Soon we will upload Lifo and weighted average method
@@MicrosoftOfficeTutorials sir, but it will better if it is calculate Auto sales qty average rate, you have given only, date and qty.
Here is link for LIFO
ruclips.net/video/ilioC9MVNM0/видео.html
Thanks,
I need the excel copy pls send me
I need date wise sold rows for CGS. Can you please help
Use if function
@@MicrosoftOfficeTutorials. How. Pls some more details. I will be grateful
Please share sample screenshot of your table along with headers i can provide you formula
@@MicrosoftOfficeTutorials. Is your template in tutorial available for our download?
Can you pls provide your template. I shall be very much thankful to you.
could you add subtitles please ?
Will add till coming Sunday...👍
Hello everyone, what is CGS?
Cost of Goods Sold
@@MicrosoftOfficeTutorials Omg you actually replied, thank you. Love your FIFO video, its help with my project.
Glad to know 😊
Can you please give me this sheet copy
Please provide you Email address
An error occurred.pls play back later??
Please re check all formulas
check your internet !
Hi sir this is excellent, can you send me sample template on email pls?
Sir can you please email me this sampe sheet
Please give your Email ID
Hi wer van I get this Format pls tell me
Write you Email, I will send you
@@MicrosoftOfficeTutorials pls share me your number on email
Pl send this file
Sir, still I'm waiting for your reply
Or you asking about LIFO Method?
Please let me know either you are asking for tutorial on LIFO method or you need something else
@@MicrosoftOfficeTutorials sir, my question is very simple as per your Excel Sale Data I sale 1st Qty. 5000 in your 1st column of Sales Data then it's shows Rate as per your purchase record Rs. 14 each Purchase price, but in 2nd time I sale Qty. 4000 it means the Rate will display auto Rs. 14.50 each Purchase Price. This Rs 14.50 will calculate Auto behind the sale Qty.
Sale Qty. Avg. Purchase Price.
brother it was nice video and what you did is Awesome but i have a doubt we need batch wise and mfg wise FIFO how can we do that for example in 1 sku we have multiple batches (12 batches Ex) so we are preparing to fo FIFO with Racking as like WMS system but it is manually can you help me in this .if yes pls email me once so i can explain want i required your help.
What if there are multiple items?