Inventory and COGS Excel Spreadsheet
$0
The Inventory and COGS Spreadsheet is an easy-to-use Excel tool for managing stock, purchases, and sales. It tracks inventory movement over time, calculates COGS automatically, and highlights reorder needs. Ideal for businesses seeking clear visibility into inventory performance and reliable cost control without complex systems.
Frequently Bought Together
- Description
- Reviews (0)
Description
Inventory and COGS Spreadsheet
The Inventory and COGS Spreadsheet is an Excel-based tool that enables efficient management of inventory, purchases, and sales while automatically calculating the Cost of Goods Sold (COGS). It provides a clear, structured view of stock movement over time, helping businesses maintain reliable inventory records and cost control.
Key Features
Comprehensive Inventory Tracking
Track product movement through opening, purchased, sold, and closing quantities to maintain consistent and up-to-date inventory records.
Automated COGS Calculation
Applies the Weighted Average Cost method to calculate COGS and closing inventory values automatically, ensuring consistency in reporting.
Time-Based Inventory Schedule
Includes a monthly inventory schedule that displays stock movement over time, allowing clear visibility into inventory trends and performance throughout the period.
Purchase and Sales Management
Maintains detailed records of all purchase and sales transactions, linking quantities, SKUs, and costs for seamless reconciliation.
Fixed Reorder Level Reference
Each product includes a defined reorder level used as a reference point for minimum stock requirements, supporting effective restocking decisions.
Benefits
Real-Time Stock Visibility
Provides insight into stock positions and values, helping you manage inventory efficiently at any point in time.
Reliable Cost Tracking
Ensures consistent calculation of COGS and inventory value, improving financial analysis and control.
Improved Inventory Planning
Supports better forecasting and purchasing decisions through time-based inventory tracking.
Easy to Customize
Built in Excel with a simple, flexible layout adaptable to any business size or product type.
Who Can Use It
Ideal For
- Small and medium-sized businesses managing product inventory
- Accountants and finance teams monitoring cost performance
- Retailers, wholesalers, and distributors requiring structured inventory tracking
FAQs
1. What is the purpose of this spreadsheet?
It helps businesses record purchases, sales, and stock movements while automatically calculating the Cost of Goods Sold (COGS) and closing inventory.
2. Can I track inventory by month or time period?
Yes, the model includes a time-based inventory schedule that tracks stock levels and movements across different months or periods.
3. How does the spreadsheet calculate COGS?
The spreadsheet automatically calculates COGS using the Weighted Average Cost method to keep cost tracking consistent and dependable.
4. What is the reorder level used for?
The reorder level defines a fixed minimum stock point that tells you when to make new purchases and prevent stockouts.
5. Can I customize the template for my business?
Yes, you can easily modify product lists, categories, time periods, and formulas to suit your business size and inventory system.
Terms of Use
Oak Business Consultant and our range of products, including this financial model template, are not endorsed by or officially connected to any specific software or platform unless explicitly stated. Your purchase allows you a SINGLE LICENSE FOR PERSONAL OR BUSINESS USE, exclusive to your individual or company needs. Redistribution, resale, or sharing of the files and templates is strictly prohibited. Please direct others to our shop if you find our financial model valuable and wish to recommend it.
Note
Our product is a digital Excel file. Due to the nature of digital products, we cannot offer returns or exchanges. We encourage you to address any queries or seek clarification before finalizing your purchase.
Need More Help?
- For a better understanding of this template, watch our YouTube video.
- To get a Customized Model made, email us at info@oakbusinessconsultant.com
Walkthrough Video for the Inventory and COGS Spreadsheet
Be the first to review “Inventory and COGS Excel Spreadsheet”
You must be logged in to post a review.
Reviews
There are no reviews yet.