Download UK VAT Inventory Register Template In Excel

UK VAT Inventory Register is an excel template that helps to record and manage inventory of your goods with UK VAT computation. Under the VAT regime, businesses must keep VAT Compliant inventory records.

This template keeps records of purchases and sales of products taking place in your business. It provides information about current status of products in hand, the purchase price per unit, and value of stock in hand, etc.

Moreover, it is also helpful in preparing Financial statement – Profit and Loss account.

Furthermore, this template assists you in knowing sales pattern of products.

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

UK VAT Inventory Register Template is useful to businesses such as retail, wholesale and especially e-commerce businesses.

UK VAT Inventory Register Excel Template

To simplify your work and easy extracting inventory data, we have create a simple and easy UK VAT Inventory Register Excel Template with predefine formulas and formatting. This template helps you to keep an eye on your stock inventory. Eventually, helping you increase the profitability of your business.

Contents of UK VAT Inventory Register Excel Template

Inventory Register Template consist of 3 section: Header Section, Data Input Section, and Value of Stock Section.

Header Section

The header section consists of Company name and the heading of sheet.

There is a check box given next to heading. The use of this checkbox is when you click on this checkbox all items which are under the predefine reorder level will automatically highlight.

Data Input Section

Data Input Section consists of following subheadings:

Product ID: Insert product code as per your requirement. It must either be numeric or alphanumeric.

Product Detail: Description of product.

Quantity Purchased: Insert quantity purchased.

Quantity Sold: When business makes any sales, insert the in this column against the respective product.

In Stock: When you enter purchase and sale of goods this column displays the difference between purchase and sale of goods. Quantity in stock has predefine formula. The formula apply here is Purchase – Sales = Quantity In Stock.

Value of Stock Section

This section consists of following heads:

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

Value of Stock Without VAT: This column consists of a predefine formula. The formula apply here is Stock in Hand X Price/Unit.

VAT %: Select the VAT % from dropdown list.

VAT Amount: This cell calculates VAT amount. Formula: Value of Stock without VAT X VAT %.

Value of Stock Including VAT: Value of Stock = Value of Stock without VAT +  VAT Amount.

Reorder Section

Reorder Level: Insert lower limit of the product below which the sheet must provide indications for reordering.

Re-order Quantity: Reorder quantity is number of products to be ordered. You can set it according to the sale of the product. It can either be predefined or vary according to the sales pattern.

Discontinued Product: If the product sale no longer occurs, type “yes” in last column. It will display a strike-through line upon the values, indicating that the product has been discontinued

Often there are some products whose sale has stopped, a special edition or discontinued by the supplier.

Download this UK VAT Inventory Register 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 UK VAT Inventory Register Excel Template

Instruction :

All Excel templates and tools are sole property of 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.

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