#Inventory and billing in excel how to#
#Inventory and billing in excel manual#

This leads to the generation of reports such as graphs or pivot tables. The great popularity of Excel comes from the fact that it facilitates all the work related to numbers, since it also allows these data to be analyzed quickly and easily. With these numbers you can perform basic arithmetic calculations, and also apply more complex mathematical functions.ДЄnd it is even possible to use different statistical functions. When we talk about Excel we are referring to a computer program that was developed by Microsoft, and that belongs to the Office package (office suite where you can find some other highly useful programs such as PowerPoint and the famous Word).Д®xcel differs from all other office programs because it allows you to work with numerical data. It should always be kept in mind that, in the case of not having an inventory, this can cause a company to stop production if it does not have what is necessary to supply it.ДЄnd, if you donвЂ™t count, youвЂ™ll never know.ДЇrom the moment you can know if you have the raw materials to work with, or inform a customer if you have product availability, it is vitally important to keep inventories.ДЄfter all, order in the work area is not only keeping everything in its place, but also accounted for. You may think that it is not necessary to carry out an inventory for your type of business, but it is a reality that they are designed to help small, medium, or large companies.ДЄnd it is that this will make them have complete control of their merchandise, or generate reports of the economic situation of the business. Regardless of how the latter may be classified. The importance of controlled inventories within the company, monitored and ordered, comes from the need to be able to adequately distribute and supply the material that is available. So I would recommend, if you prefer to still save up costs and keep using excel, create your inventory template.Д«ut if you are like me, that besides just managing your business locally, and also want to have an e-commerce platform that helps you on the digitalization of your business, then go for ERP systems like BindERP (if you are from Latin America), Odoo & Quickbooks that also have integrations with WooCommerce and Shopify. Now, everytime I receive new inventory, make a sale or change up the price of a product, the ERP system updates automatically as well on Shopify and Facebook Shop.ДЄs a small business, there are already affordable ERP solutions that can help you have this integrations and help you to save time on updating your Excel Spreadsheets everytime you do a sell, or also to save time on the uploading and managing of products on your e-commerce store. In just a matter of 2 weeks, I set up all the nearly 170 products of the branch store that I am in charge, and in one week I built up the Shopify store to showcase online the products of my store online and on social media. Therefore, here in Mexico I decided to use Bind ERP.ДЄs a small business, Bind ERP was an affordable solution that I started to use. I needed a solution that helped me with a Point of Sale system, to keep track and control of inventory on an easier way, but also a system that was also connected to an e-commerce platform.

#Inventory and billing in excel how to#

If you are looking for how to do your inventory management in excel, here the team and I, created this article where you can learn about inventory management and how to create an inventory management in excel.Д«ut I would also recommend you, that if you are planning to digitize your business and improve your inventory control processes, then analyze the use and implementation of an ERP System. I donвЂ™t think so, but it was the quick and low cost solution for a small business to have control on the inventory.

#Inventory and billing in excel manual#

We have used from manual scorecards to keep control, to later move on to the inventory management in excel.Дoes an inventory management in excel is effective in the long run? One of the pain points that I have lived for sure in my own family business is the control of inventory. How many times have you heard, вЂњif your business donвЂ™t adapt or innovate, it will get stuck or disappearвЂќ. In my experience, change will bring up discomfort, specially for older generations, since they have been working for years in the same way, and it might take some time to adapt or they might even refuse the new ideas, even if you give projections on income increase or savings. Or at least, we the second generation, think those ideas are for better. It is not a secret of family businesses, that some of its main struggles are the ideas that we, the second generation, bring up to the table so that the business can change for better. The business has mainly been вЂњrunning as we always have doneвЂќ.ДЄnd when it comes to the development and further improvement of a small business, the inner family fights start with the new generations ideas of вЂњbetter ways of doing thingsвЂќ. I am part of a family business that has run for nearly 40 years.