In this article, we’ve researched and collected the top inventory management templates for Excel to help you streamline your inventory tracking process.

Included on this page, you’ll find a stock inventory control template, food inventory template, asset tracking template, and more.

Stock Inventory Control Template

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If you’re managing stock for a retail business or materials to be used in manufacturing, you know how critical inventory management can be for optimizing sales and productivity. This stock inventory control template can help you identify when it’s time to reorder stock, reduce excess inventory, access supplier information, and easily locate items in storage. It’s easy to view the entire lifecycle of your stock, including items on backorder.

We've also included pre-built templates from Smartsheet, a work execution platform that empowers you to better manage your inventory operations with real-time collaboration and process automation.

Basic Inventory Control Template

Simple and easy to use, this basic inventory control template is perfect for a small business or any business that doesn’t need a lot of bells and whistles to manage inventory. View inventory by item name, description or ID number as well as unit price. Track the total quantity and value of your current inventory, reorder dates, and discontinued items. Managing inventory is straightforward with this template because of its clean design. As with all of the Microsoft Excel templates included on this page, the columns can be customized for your business, and calculations are completed for you.

Food Inventory Template

This free template is specifically designed for tracking food stock. Restaurants and caterers can organize their inventory based on categories of food, like meat, vegetables, or desserts, and easily view the current quantity of food stock and inventory costs.

Asset Tracking Template

Keep track of your business assets like computer hardware, equipment that needs to be maintained, and tools with this free asset tracking template. This is a simple asset tracking system intended for smaller businesses, but it allows you to view not only the quantity and value of your assets, but also warranty dates, supplier information, physical location, serial numbers and more. To modify the template, simply remove any columns that you don’t need, or add new columns to increase your level of organization and detail.

Equipment Inventory Template

If your business is using costly equipment, use this free template for tracking the value, condition and location of your equipment inventory. Keep track of operating costs, depreciation, loan balances and more. Having all of this information easily accessible will help you know when it’s time for an equipment upgrade, which items are being used the most, which are most expensive to operate, and where equipment is being stored. Boost your operational efficiency and save money by accurately tracking your equipment inventory usage and costs.

Home Inventory Template

In case of a natural disaster, fire or burglary, having a home inventory spreadsheet can make life a whole lot easier. Going through a traumatic experience and losing personal possessions is hard enough without having to remember what items were lost and how much they were worth. This home inventory template makes it easy to document your home assets, including model and serial numbers, purchase price, and current value. The spreadsheet includes a column for location, so items can be organized based on rooms in your home. There are also fields for insurance information so that you can easily access your policy number and insurance agent.

Personal Inventory Template

Like the home inventory template above, this template allows you to record personal belongings so that you’re prepared in the event of a natural disaster or other emergency. A personal inventory template is also a useful tool for simply tracking personal collections such as media, artwork, books and other collectible items. The template allows you to categorize your personal items, describe their condition, and document their value. Since this is a free excel template already created for you, it’s also a quick way to track your valuables.

Software Inventory Template

IT professionals can save time with this software inventory tracking template. Keep track of your software and hardware purchases, license expirations, and upgrades to make managing software inventory easier. This template is specifically for tracking software, which sets it apart from other asset inventory spreadsheets. You can easily locate where certain software was installed, access supplier and purchase information, and view license renewal dates.

Benefits of Using Inventory Templates

The free templates below vary depending on whether you’re managing business assets, personal possessions, food stock, or some other type of inventory. But here are some of the basic benefits individuals and businesses can gain from using templates for inventory management:

• View current inventory levels: A template can provide easy access to the quantities of various products currently in stock, which is a vital first step in keeping operations running smoothly.
• Manage reordering: Tracking inventory will help you accurately identify when products need to be reordered as well as which items are discontinued.
• Create business statistics: View sales patterns, identify best-selling products, and track your top suppliers.
• Protect your investments: This applies to home users seeking insurance coverage for personal property as well as companies tracking computer hardware, tools and equipment, or merchandise. Knowing what you have in stock, where it’s located, and what it’s worth will help you maintain assets and know when it’s time to upgrade.
• Save time and money: Especially for small businesses, a template allows for easy data entry, quick access to product and order details, and a customizable format that can change along with the business.

Improve Inventory Operations with Real-Time Work Management in Smartsheet

Documenting and tracking inventory keeps day-to-day operations running smoothly by avoiding an over- or under-abundance of stock. Having the right tool to manage and report on these processes ensures that you hit expected inventory goals, receive inventory requests in a consistent format, and aren’t bogged down by manually tracking inventory operations.

One such tool is Smartsheet, an enterprise work execution platform that is fundamentally changing the way businesses and teams work. Over 74,000 brands and millions of information workers trust Smartsheet to help them accelerate business execution and address the volume and velocity of today's collaborative work.

Use Smartsheet to improve productivity by tracking inventory operations in a collaborative workspace, so team members and other key stakeholders can easily access and update details in real time, from anywhere. Save time and increase work agility with automated alerts that notify you when inventory is low. Leverage the barcode scanning feature to count items, confirm retrieval, and check price information, all from a mobile device. Streamline inventory data collection with easy-to-use forms that capture consistent information and store it in one central location to be tracked and managed.

Try Smartsheet to discover a better way to manage your inventory operations, today.

Owning a vending machine can do more than provide quick refreshment to customers. It also can offer a source of income without a large investment of time or money. Whether your small business owns one or 100 vending machines, the Internal Revenue Service wants to know exactly how much money you’re taking in from each machine. Set up a business inventory and accounting system that keeps track of revenue and helps provide accurate information to the IRS.

Account for Cash Sales

Accounting for your cash sales is easier if you collect the money daily. If you own more than one machine, collect the cash from each one in a separate container. The money must be accurately counted and the total from each machine recorded in your accounting system. You will make a separate debit entry to the cash account and a separate credit entry to the sales account for each machine. Deposit the cash for each machine daily and keep the deposit slips for each bank deposit.

Account for Credit Sales

If your vending machines accept credit cards, you must account for those sales as well. Most credit card companies charge merchants a set percentage for accepting their card. Your accounting entry must reflect this charge. For example, suppose your customer made a $5 purchase using a credit card that charges a three percent transaction fee. Your entry to record the transaction is to debit cash for the net amount of $4.85, debit your credit card discount expense for $0.15 and credit sales for the entire $5 sale amount. Once the transaction is approved, your customer’s credit card company will deposit the net amount in your business account.

Cost of Inventory Sold

The cost of goods sold is what it cost you to purchase your inventory. You start the calculation with the beginning inventory figure, which is the inventory left over from the previous month. Next, calculate your net purchases by adding up the total cost of your purchases and subtracting any discounts you took or allowances you received from the seller. Add the beginning inventory and total purchases amount together to get the total goods available for sale amount. Calculate your ending inventory by adding up the cost of the remaining merchandise. Subtract your ending inventory from the goods available for sale to get your COGS.

Introduction to ethics by william lillie pdf to jpg. A.J. Ayer, Freedom and Necessity, in his Philosophical Essays (Macmillan, 1954), Chapter 12, pp.271-284. Originally published in Polemic 5 (1946).

Profit or Loss

To calculate how much money your vending machines are making or losing for your business, subtract the cost of goods sold figure from your sales figure to get your gross profit. Now subtract any operating expenses, such as lease payments or your travel expenses incurred from driving to your vending machine locations, from your gross profit. The final figure is your business’ net profit or loss.

About the Author

Based in St. Petersburg, Fla., Karen Rogers covers the financial markets for several online publications. She received a bachelor's degree in business administration from the University of South Florida.

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