Inventory Entry Register Template

You will use the inventory entry register if you run a business that maintains a stock of things you sell. A company must keep track of the inventory and ensure that no item goes out of stock. For this purpose, close monitoring of the inventory stock is performed. Stock outflows and inflows are kept track of so the business remains aware of every stock detail.

What is an inventory entry register?

It is a professional tool that all people who want to keep track of inventory items use. A register is a form of worksheet in which every detail regarding a new entry in the inventory is recorded.

Inventory Entry Register Template for Excel

Excel Worksheet File Size: 45 KB

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Why is it essential to have a stock entry register?

If you sell different products to your customers, you need to have information regarding the stock available to you and the stock your warehouse has run out of. This way, you ensure the availability of the stock in the warehouse. Therefore, using the register for stock entry is crucial. It is used as a central part of the inventory management system.

The main parts of the worksheet

As the name suggests, you need the inventory entry register whenever a new stock item arrives. The register or worksheet records information about the stock that a business receives. In general, stock is present in different forms.

In general, the inventory entry register keeps the details about:

All the items that are brought to the inventory can be used whenever they are sold
Goods that are produced and sold by a business in bulk
Description of the merchandise
Raw materials that are purchased or produced by the business to facilitate the manufacturing process
Supplies are brought to the warehouse through the supplier.

Excel Worksheet File Size: 45 KB

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What information does a warehouse register collect?

When you know that you can use this register to record the items and supplies, you should be able to fill in all the empty fields. Following are the details that are collected:

Date of the entry:

The first column of the register asks the user to mention the date on which the item or merchandise has reached the warehouse. This is essential information as it tells how long a product stays in the warehouse and from which it belongs.

Details of the entry:

In the next column, the user is required to describe each item brought to the warehouse. Here, the user will tell whether the new entry is a raw material, merchandise, or a supply.

Purpose:

In the next column, the user describes the purpose of that entry. Some items are brought to the stock because the company uses them for various tasks, while others are purchased for reselling. The purpose should be vivid and to the point.

Price:

The price per unit should be specified if the company has purchased the entry.

Benefits of the stock entry worksheet…

There are plenty of benefits. Some of them are discussed below:

It helps in easy tracking:

There are so many details regarding the inventory entry and so many entries to keep track of. It is not possible for any human being to remember all the details. This is where the use of the worksheet of entries makes sense. Tracking the stock inflow becomes easy with the use of the worksheet.

It helps in seamless transition:

When merchandise moves from the inventory, its status changes; this way, the transition occurs, and the register records it. At the same time, if a person using the worksheet goes on leave, the other person will be easy to carry on the job since everything is already documented in the register.

It helps in calculations:

Every business reviews the warehouse after a specific period to determine which products are needed and which are not. The entry register helps make these decisions as it can tell which items have been bought recently and are not required yet.