Download UAE VAT Inventory Management Template In Excel

It is mandatory for every business to maintain Inventory to keep record on its purchase and sales process. Different countries have different inventory management systems protocol. Today we will discuss UAE VAT Inventory Management.

UAE VAT Inventory Management Template is a sheet that keeps records of purchase and sales of products taking place in a business.

It also provides information about current status of products in hand, the purchase price per unit, and the value of stock in hand, etc.

Furthermore, this template assists you in knowing the sales pattern of products, through which you can know the best performing products and maintain stock levels accordingly.

It also helps to know the exact stock of each product. Thus, helping you to understand when and which products to be re-order.

UAE VAT Inventory Management Template can be useful to all kinds of business. Business such as retail, wholesale, and especially e-commerce businesses.

We have create an Excel Template for UAE VAT Inventory Management using excel table function and predefine formulas.

Content for UAE VAT Inventory Management Excel Template

Inventory Management Template consists of 3 sections: Header Section, Inventory Section, and Value of Stock Section

Header Section

The header section consists of Company name and the header of the sheet “VAT Inventory Management Excel Template”.

Inventory Section

This section consist of following subheadings:

Product ID: You can predefine the product id for your products.

Product Detail: In addition to the above you can describe your product name here also.

Quantity Purchased: Enter quantity purchase for the product.

Quantity Sold: Enter sales of products against its respective cell. This will give you exact inventory status of the product.

Quantity in Stock: Quantity in stock has predefine formula. The formula apply here is Purchase – Sales = Quantity In Stock

Value of Stock Section

Price/Unit: Mention Price per Unit here to calculate value of the stock without VAT.

Value of Stock Without VAT: Value of Stock without VAT also has predefine formula. The formula apply here is Stock in Hand X Price per unit.

5% VAT: This cell will calculate only the amount of 5 % VAT. Formula: So, Value of Stock without VAT X 5%.

Value of Stock Including VAT: Moreover, Prior to the implementation of the VAT, Value of stock = Price/Unit X Stock in Hand. Now it is Value of Stock = Value of Stock without VAT +  Amount of 5 % VAT.

Reorder Level: Furthermore, Reorder level means a limit of the product below which if the stock goes the sheet must provide indications.

Define a level for Reorder. Also, It will highlight the row if a product stock is below that limit it. So, we can reorder the product to prevent the unavailability of goods.

As discussed earlier, there is a checkbox in the header section. If checkbox is check, the product below the reorder level will automatically highlight.

Reorder Quantity: Reorder quantity is number of products to be ordered.

Discontinued Product: Mostly, it happens that there are some products whose sale has stop and we don’t buy them.

Download this UAE VAT Inventory Management template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get UAE VAT Inventory Management Excel Template

Instruction :

All Excel templates and tools are sole property of xlsxtemplates.com. User can only download and use the excel templates for their Personal use only. All templates provided by XLSX templates are free and no payment is asked. However, you are not allowed to distribute or share in any other website for sole purpose of generating revenue from it.

 You can also download and use our 1000 Best PowerPoint Presentation Templates and 500 Resume Samples from PPTXTemplates.com  Completely Free. All our templates are designed by Professionals

Download Free Editable Excel Templates | Popular Templates

Sales Invoice With Tracker

Sales Invoice With Tracker

In today’s fast-paced business world, sales invoices aren’t just about demanding payment. They’re part of an integrated system that can help businesses track sales, manage

Read More »
Project Wise Invoice Format in Excel

Project Wise Invoice Format

Project Wise Invoice Format: Your Comprehensive Tool for Accurate Project Billing Projects, especially in industries like construction, IT, or consulting, can often span months or

Read More »
Proforma Invoice

Proforma Invoice

Proforma Invoice Template: Streamlining Your Pre-Transaction Communications While many businesses are familiar with standard invoices, the realm of proforma invoices, serving as a precursor to

Read More »
Professional Service Invoice

Professional Service Invoice

Professional Service Invoice: Tailored for Expert Service Providers The realm of professional services is vast, encompassing consultants, advisors, trainers, and many others. What ties all

Read More »

Free editable professional Excel templates can be a useful tool for businesses, organizations, and individuals looking to streamline their data management and reporting processes. These templates can provide a pre-designed and pre-formatted framework for storing and organizing data, as well as for creating charts, graphs, and other visualizations to help communicate that data more effectively.

One advantage of using professional Excel templates is that they are often designed by experienced professionals who understand best practices for data management and visualization. This means that the templates are likely to be well-organized, easy to understand, and aesthetically pleasing, which can make working with them more efficient and enjoyable.

Another advantage is that these templates are often fully editable, allowing users to customize them to meet the specific needs of their organization or project. This can include adding or deleting rows and columns, changing the formatting and layout, and adding custom formulas and functions.

Some examples of professional Excel templates that may be available for free include budgeting templates for personal or business use, project management templates for tracking tasks and deadlines, and sales tracking templates for analyzing and forecasting sales data. There are also a wide variety of templates available for specific industries, such as real estate, marketing, human resource, Payroll management and among others.

Overall, free editable professional Excel templates can be a valuable resource for anyone looking to improve their data management and analysis skills. By providing a pre-designed and customizable framework for storing, organizing, and visualizing data, these templates can help users save time and make more informed decisions.