Excel Inventory Management Template/Tracking Tool

Businesses (particularly small businesses!) often have a messy inventory tracking system or none at all. Sometimes, estimations are used that may or may not be accurate. Inventory is an important asset that should be kept track of for a multitude of reasons. As such, the following Excel template has been built for your convenience.

Version 1: Inventory Tracking for a Single Location


$45.00 USD

The template will be immediately available to download after purchase. This is included in the Accounting Templates for Excel and Inventory bundle.


inventory management

Template Features
  • The multiple location template is included in the purchase of this template. See more details about inventory tracking for multiple locations.
  • Tracking by date/month.
  • See the monthly cost of inventory items sold based on weighted average cost accounting.
  • See monthly revenue from inventory sold. 
  • Monthly gross profit.
  • Pick any date and see inventory value (across the entire inventory) by that date.
  • See a summary of each product/SKU (net available units, net value) at a given date.
  • The user simply enters data on the input card and hits the macro button to "enter" the inventory transaction.
  • You can track when an inventory item is added/purchased or used/sold.
  • Chart added to see value and units over time as well as net monthly change over time.
  • Includes the ability to query individual items to get average cost, net count, and total value based on any date range.
  • Click here for service help to get your business set up with this Excel inventory template (1-hour minimum).
Version 2: Multiple Locations (Both Versions Included in Single $45 purchase)


One of the most obvious, but often overlooked aspects of inventory management is do you know at a given time how much of something you have? If not, you may be over-buying a raw material or product and thereby wasting capital. 

Also, seeing how your inventory changes over time, can help you plan for future needs as well as build initiatives based on how much of this asset line you want to have compared to the level of the rest of your business's assets.

When you have good data in, you can be good at data analysis. This template will put you on the right track for such things. Note that you probably already have a current inventory level and in which case you would need to enter this starting balance. That can be done with the input card.

Best practices in inventory management often involve using a barcode scanner, but if that is not available, data entry is going to be required so a good balance and valuation for your inventory is able to be calculated. Instead of scanning, you will be entering as items come and go. This is feasible for lower transaction businesses that are not doing millions of items a month of inventory movement.

For those looking to eliminate the inventory asset and instead transfer over to capital assets that are sold as a subscription, you may find this product-as-a-service financial model interesting.