google sheets household inventory template

Raw Materials: This refers to the resources that you use for producing finished goods. There are two subcategories of raw materials, namely direct materials or the materials that are included in the finished goods and the indirect materials or the materials that are not incorporated in the actual product but are used in the production.Ģ. Learn more about some of its types below.ġ.

Each type serves a specific and crucial purpose that can make and break the success of your business operations. 19+ Inventory Templates in Google Sheets Application Inventory Having this element in an inventory will enable you to determine the accountable individual in the event that there will be errors and discrepancies. Name and signature: The authorized person who does the inventory count must write and affix his or her name and signature to acknowledge the information he or she has written in the inventory. If you provide services, you only have to keep track of your equipment inventory.Ĥ. If you sell merchandise, your inventory mainly consists of finished goods. These include the types of inventories such as the raw materials, the work-in-process materials, and the finished goods. If you own a manufacturing business, your inventory mainly consists of raw materials. Inventory Assets: Also considered as your salable inventory, inventory assets are the goods or items listed in your inventory that you sell for profit. The common list headers that are used are item numbers, product names, amount or cost of each item, quantity, and the net value.ģ. List Headers: In order to have a comprehensive inventory management, the use of an appropriate and specific list header for each type of data you need for your inventory is a must. It is also through this element that you can easily compare your business’ beginning inventory balance to your ending inventory balance.Ģ. The beginning inventory date is the start of an accounting period while the ending inventory date is the end of the accounting period. Date: The two important dates that should be found in your inventory are the beginning inventory date and the ending inventory date. The basic elements that you must include in an inventory are the following:ġ. Also in this article, we will also get to know more about inventories, its basic elements, and its major types. You can easily edit these templates using Google Sheets. Manage your inventory with ease by making use of the downloadable inventory templates that we have provided in this article.

Google sheets household inventory template