## Places Of Interest

### Daily Inventory Tracker in MS Excel

This sheet makes it easy to keep track of your inventory balances for management and reporting purposes. There is logic for alert triggers when inventory gets below a certain balance as well as valuation drivers based on average cost of goods sold per unit.

\$45.00 USD

The template will be immediately available to download after purchase. Also, this template is part of the inventory templates bundle.

Recent update:
• The current row for the day will automatically be underlined and in bold text and this self-updates through time.
My goal here was to make something that is easy to use and can be used into perpetuity for the purpose of keeping track of daily inventory levels. I used the most efficient formulas, structure, and conditional formatting possible so it is easy to expand if needed (currently works for up to 40 unique inventory items) and is simple to understand.

Note, there are step-by-step instructions on how to use this in the sheet itself if needed.

There is a row for each day of the year. The user simply enters their starting inventory balances on the 'ending balances' tab. Then there is a tab to enter count of units used per day and a tab for count of units arriving each day. Some simple math than shows what the ending inventory balance is for each item.

There is also a way to measure inventory valuation. The user can enter the average cost of goods for each unit and that will show the inventory value of each item as well as all inventory at the end of each day.

To use this over time (multiple years), simply make a copy of the workbook for a new year and then pull in the ending inventory balance to the beginning balance on the new inventory workbook you just created. Clear out the usage and arrival tabs and then start all over again.

I made the conditional formatting dynamic and in a way where the user can enter at what inventory level a cell will turn red, yellow, or green. i.e. you can input that any balance under 5 is red, from 5-10 is yellow, and greater than 10 is green. This is all driven by two single input cells and the text will explain what it is you have defined as you change those numbers.

Enjoy!