Retailers can create inventory tracking sheets through Microsoft Excel by utilizing one of the program's inventory templates, or by manually naming the headers along the top row of cells and inputting inventory names and quantities, notes Microsoft Office Support and Trade Gecko. Retailers can also purchase inventory tracking software to automatically track quantities as items are sold.
An inventory tracking sheet is a document that retailers use to organize and track inventory, states Trade Gecko. Inventory tracking sheets can be simple spreadsheets that retailers update manually, or they can be part of an inventory tracking software that automatically updates quantities as inventory is sold. To create an inventory tracking sheet in Microsoft Excel:
- Open a blank document
- Define columns
Open a blank spreadsheet in Microsoft Excel.
Along the top row of cells, define the columns. Include categories such as item name, product number, cost, quantity and any other pertinent information.
Save the document and update the quantity amounts as items are sold.
Microsoft Excel also offers inventory templates that business owners can use to manually track their inventory quantities. Once the inventory spreadsheet is operational, retailers can easily sort the data by any of the cells, including sales quantities or running inventory totals. Inventory through Excel must be updated manually, unless retailers utilize an inventory tracking software, such as Peachtree or QuickBooks, notes Entrepreneur magazine.