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Download a free Excel template to track inventory for your retail business. https://indzara.com/2017/02/free-reta... A simple and effective inventory tracker to manage orders and inventory for your retail business. If you are getting started with a retail business where you plan to buy products from your suppliers and then sell them to customers with a margin, then you would need a tool to track your business in an effective way. Why do we need an Inventory and Sales Management tool for retail inventory management and stock management? 1. What is current inventory level? 2. When to order? 3. Which products to order? 4. Are we profitable? 5. Who are best customers and suppliers? In order to get to this information easily and quickly, we need some kind of software. There are several sophisticated and expensive cloud based software available to manage inventory and sales for retail businesses. For small and medium size businesses, especially when we are starting up, it is important that any software we choose is easy to use, customize and not expensive. This is why I am excited to present a free Excel template as a solution. Features of this template Order Management 3 types of orders (Sale, Purchase, Adjust) Handles product returns Auto-Populate product prices in orders Inventory Management Calculates current inventory of each product Set re-order points and know what to order Finance Handles tax Handles product level and order level discounts Calculates Cost of Goods Sold (COGS) and Profit Data Management Easily access Product, Partner (Customer and Supplier) and Order Lists Maintain history of Product price data Reporting 6 page interactive report of business metrics 12 month trends of key metrics Identify best products and partners Calculates Inventory value Overview of steps Initial Setup Enter Business Information in Settings sheet Enter Product Categories in Settings sheet Enter list of Products in Products sheet Enter current Prices of products in Prices sheet Enter list of customers and suppliers in Partners sheet Creating Orders Enter list of Orders in Order Headers sheet. Enter each order’s details (line items) in Order Details sheet. Viewing business report View summary of business performance in Report sheet Related Videos: Tips about Excel Template • 3 Tips before starting to use Excel Templa... How to use Excel tables? • Introduction to Excel Tables - Data Entry Simple and Effective Excel Templates: http://indzara.com/ Free Excel Templates: http://indzara.com/free-excel-templates/ Premium Excel Templates: http://indzara.com/shop/ Small Business Management Templates: http://indzara.com/small-business-exc... Free Excel Course: http://indzara.com/useful-excel-for-b... Social: Subscribe to YouTube: http://www.youtube.com/user/theindzar... Facebook: / theindzara YouTube: / theindzara LinkedIn: / indzara Twitter: / theindzara