Product Sales Record Sheet

A business depends on the sale of its products. Without this, the business will not be able to continue. A business needs to know whether sales are occurring and how these are occurring. A company needs to keep track of product sales so that it can get an understanding of where the company is heading.

It is helpful to track product sales properly. This will let all those concerned know what the status of different product sales are. Strategies can then be carried out to fix areas where sales are not high. A product sales record sheet can help here.

What is a product sales record sheet?

This is a document/spreadsheet that gives information about every product transaction within a certain time frame. The sheet records details about the product such as its name, unit price, etc.

What does a product sales record sheet do?

The sheet helps companies record product sales in one place. It lets those in the company know how much the product was sold for and whether it is still in stock. Details about reordering the product can be recorded in the sheet as well.

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The sales record sheet needs to be made so that those who need to fill it in will not find this tough to do. It must also be easy to read and take out important details. The following tips can be looked at if you need to make this record sheet:

Select an application:

Microsoft Excel is an application that will help you create this record sheet. The calculations that need to be carried out can occur easily here. You will be able to make a table and add only the important information.

Professional document:

The sheet must have a heading like “Product Sales Record Sheet”. You need to include the name of the company. State the time frame that the table is considering. If it is for a certain month or months, state this.

Create a table:

A table can record the information clearly and it will be easy for people to take out details from it. The table can have a column for product ID. You can include a column for product names where the name of the product is included precisely. A column for unit price is important so that the cost of the product can be known. A column that records the quantity of product sold is necessary.

You can then have a column for the total cost of sale of the product. You may include a column that states whether the product was returned and the quantity returned. You can have an area that states the quantity of products still in stock. A column for reorder level will state how much of the product you are reordering. You can add a column for the average reorder cost and another one for the total cost of reorder.

If you include this part on the table, it will be known how much of the product is still available and whether it needs to be reordered urgently or not. A column for extra notes can be included which briefly includes any extra details such as why a certain product was returned.

It helps a company cater to the needs of the customer

This sheet is necessary for sales directors as they can easily track sales revenue as well as different important metrics. The sheet can be regarded as a comprehensive record that states all sales activity occurring in a company. This is over a particular period. Sales managers can get an overview of sales procedures plus operations that a business pursues.

The sheet will help managers know which products are popular and which ones are not selling. The company will therefore be better able to cater to the needs of customers by providing them with the products they require.

Sales managers will know which products to not invest in as these will be the ones that are not selling. Therefore the company will not be wasting money and space on those products that are not selling. You will be able to know the sales performance of the team or even of individual salespeople if the sheet is made in this way.

Product Sales Record Sheet Template

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