How to Track Inventory Stock In & Stock Out Automatically in Excel - Automate Inventory List

Track inventory stock-in and stock-out automatically in your inventory list in Excel. To automate stock tracking, we'll build on the basic inventory list template we created in the Create & Track a Basic Inventory List in Excel video. We’ll enhance the basic inventory list template by adding automation for stock tracking, setting up a stock transactions tracker, and creating a variance tracking tab for your physical inventory audit counts. This system will help you streamline your inventory management in Excel and stay on top of your stock levels efficiently. Also learn how to set up Pivot Tables, Slicers, Timelines, Drop-down lists, and special formulas. Here is the formula used on the Master Inventory sheet to auto updated Quantity in Stock from the Stock Tracker sheet: =SUMIFS('StockTracker'!E:E, 'StockTracker'!B:B, A4, 'StockTracker'!D:D, "Stock In") - SUMIFS('StockTracker'!E:E, 'StockTracker'!B:B, A4, 'StockTracker'!D:D, "Stock Out") Get a jump start on this project with my automated inventory template that we create and use in this video, available for purchase: https://creatoriq.cc/44qUfjx TIMESTAMPS ⏰ 00:00 Create Inventory Stock Tracker in Excel 00:36 How to set up a stock-in and stock-out tracker in Excel 02:27 Set up a drop-down list in Excel 04:00 Set up a Pivot Table for Stock Transactions in Excel 05:15 Insert a Slicer for Pivot Table in Excel 05:50 Insert a Timeline for Pivot Table in Excel 06:24 Automating inventory quantity in stock updates in your master inventory list 09:21 Setting up a variance tracking sheet for audit counts 12:28 Analyze Inventory Data in Excel 🎓FREE COURSE: How To Create Fillable Forms in Microsoft Word - A Step-by-Step Guide Create Fillable Forms, Surveys & Questionnaires in Microsoft Word like a Pro!    • How to Create Fillable Forms in Microsoft ...   WATCH NEXT 📺 Create a Basic Inventory List in Excel:    • Create and Track a Basic Inventory List in...   Analyze Inventory Data in Excel:    • How to Track and Analyze Inventory Changes...   CHANNEL LINK 📺    / @sharonsmith   Visit my Channel page on YouTube to see all my videos, playlists, community posts and more! TEMPLATES 📄 Check out my helpful list of templates available for purchase: https://creatoriq.cc/43c51cv Thank you for supporting my channel! 🌟 FREE DOWNLOADS ⬇️ ✦ Visit https://mailchi.mp/6a0859ea0844/sharo... to sign-up for my e-mail list and get FREE downloads of super helpful spreadsheet formulas, dashboards and Org Chart templates for HR professionals. CONNECT WITH ME 📎 Visit my website: https://www.sharonsmithhr.com for more information, tools and resources. LinkedIn:   / sharonsmithhr   Twitter:   / sharonsmithhr   Instagram:   / sharonsmithlearning   Facebook:   / sharonsmithlearning   GEAR ⚙️ 🎙 Blue Yeti USB Microphone: https://amzn.to/2W4SbzV (Great for recording professional sounding audio for your videos!) 🖱 Silent Mouse: https://amzn.to/3pxpc25 (This is a really cool mouse!) 🎥 Screen Recording Software: https://techsmith.z6rjha.net/NZG5b 📗 Green Screen: https://amzn.to/2DnHsY2 📸 Camera: https://amzn.to/39KvpQA 🔌 Live Stream Tool: https://amzn.to/2VFJyID (Turns your DSLR into a top notch webcam) RESOURCES 📚 ✏️ JotForm: https://www.jotform.com/pricing/?utm_... Links included here are affiliate links. If you click on these links and make a purchase, I may earn a small commission at no additional cost to you. Thanks for supporting this channel! SUPPORT THIS CHANNEL 🙌 Hit the "$Thanks" button on any video, or Donate through my PayPal link: https://www.paypal.com/cgi-bin/webscr... If you found this content helpful, please consider donating to my channel. Your donation, no matter what amount, is greatly appreciated and goes towards producing more content that enhances your productivity and elevates your skills. You can also support my channel just by watching, liking, and sharing all my videos! Thank you so much! ❤️ PLAYLISTS 🎥 ➤ Jotform Tutorials:    • Jotform Tutorials   ➤Create A Letterhead in Word:    • Create A Letterhead in Word   ➤Creating Fillable Forms:    • How To Create A Fillable Form In Microsoft...   ➤PowerPoint Tutorials:    • PowerPoint Tutorials   ➤ Excel Tutorials:    • Microsoft Excel Tutorials   ➤ Excel Tips & Tricks:    • Excel Tips & Tricks   ➤ Word Tutorials:    • Microsoft Word Tutorials   #ExcelInventory #AutomatedInventoryList #StockInStockOutTracker #ExcelTutorial #InventoryManagement #StockTracking #VarianceTracking