Hi Forum Helpers,
I have a crude excel inventory control system but would like advice on how to make the recording of stock, sales and current inventory more efficient.
I manually enter all data to track sales. Some products have constant inventory while others are made to order and inventory stays at zero but sales have to be shown as incoming and outgoing inventory for VAT reclaiming purposes.
Some problems are that when stock is ordered at different prices the remaining stock needs to then have an average price. I’m finding it difficult to track and work this out with a formula that I can drag and apply to all rows/columns.
Tracking the inventory over time leads to longer and longer entries as more product is sold.
I have attached an example sheet that I have limited the product entries to. Normally the sheet has about 200 product entries.
Any ideas? Should I switch to some other sort of inventory control or database software.
Thanks
Joanna
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