An Inventory Sheet template is an archive that describes in details the information about a company’s stock of items along with their pricing details. This is a useful piece of document to be used to manage if you own merchandise or a company that involves some kind of products. The inventory sheet format keeps track of all the sales and purchases made during some particular period of time. The inventory sheet format can be made in any desired layout or design depending upon the need of the company and the kind of products they are dealing in. These sheets can be used to resolve legal issues in courts related to any sales or purchases since they contain all of the information related to the business. The inventory sheet format not only let you keep a record of the stock items but it also let you calculate the total or the mean cost for each product or the whole stock.

An inventory sheet template incorporates the respective columns for the list of items or the products from the stock to be kept as a record. Another column states their prices next to their names. The total of the costs can be calculated and is written at the bottom of the column containing individual costs. Furthermore an inventory sheet format also contains the dates for the items on which they were brought to the store. This gives you a rough estimation about which products have a good selling rate and which products need to be bought next month. It is recommended to update the inventory sheet template on fortnightly basis but it can also be updated after a month. In the end it is reviewed and signed by the person in charge.