This is a practical course designed to equip small business owners and accounting professionals with essential skills to efficiently track and manage inventory using Excel. This course guides participants through building a straightforward yet effective inventory management template that includes an inventory summary, transaction records, and automatic calculations for real-time inventory tracking. Key features such as data validation, conditional formatting, and formula application are covered to create a robust template that adapts to business needs. Perfect for those looking to streamline inventory processes, this course simplifies the essentials of inventory control in a user-friendly spreadsheet environment.

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Upon completion of this course, learners will be able to:

• Design a multi-sheet inventory management system that records purchases, issues, and stock levels using structured Excel templates.
• Apply key Excel functions like VLOOKUP, IF, and SUMIFS to dynamically compute and analyse inventory data across different conditions and store locations.
• Implement data validation and conditional formatting to ensure accuracy and clarity in inventory transactions and summaries.
• Evaluate inventory status and reorder needs using logic tests and inventory thresholds to support timely replenishment and inventory control.