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An inventory report is a summary of items belonging to a business, industry, organization, or home. It provides a comprehensive account of the stock or supply of various items. They can be written in various forms and lengths. A good inventory report should always be clear, simple, and exhaustive.[1]

Part 1
Part 1 of 2:

Creating the Report

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  1. List every item that you have in stock. This will be the list that helps you stay organized with your inventory in the future. Keep in mind that you may have multiple locations. If you have more than one stock room, make sure to list which stock room you’re taking inventory for.[2]
    • List items that are no longer available. Even if you have run out of a certain item, keep it on the report and you’ll list it as “0” stock.[3]
    • Keeping track of your inventory accurately is highly advisable; you must be able to assess the value of your inventory for tax purposes.
  2. When listing your items, think of a good way that will help you search for items on your inventory report. You can order them anyway you want, but try listing them alphabetically or by serial number.
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  3. Under your inventory items, leave a space for description. This will help you keep track of differences in items. For example, you can list separate colors or sizes in this space but have a total inventory count next to the original item. Also, you can mark down if an item is damaged or missing in your description.
  4. Depending on the kind of inventory you have, list prices. The price may be what you paid for the item, what price you sell the item at, your bottom expenses, or your bottom earnings from the item.[4]
  5. Next to the list of your items, make a column where you can list the amount of stock you have per item. If necessary, leave room for labels—boxes, dozen, pairs, etc.[5]
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Part 2
Part 2 of 2:

Filling in the Report

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  1. Go through your list of items and begin filling in descriptions. This will help you get organized before taking your inventory counts. When looking over your items and filling in your descriptions, start organizing your items into groups to make counting stock faster. There are multiple ways you can do this.
    • Organize your stock room by item alphabetically.
    • Pull the items you have an excess of into the front.
    • Order them by serial number.
  2. Inventory reports should be filled out on a consistent basis: weekly, monthly, or annually. Be sure to label the time frame that you’re using before taking count of your items.
  3. Go through your inventory and list the amount of stock you have for each item. Be sure to label your stock review with a unit of measurement if needed. Also, list “0” for any items that you’ve run out of. Don’t leave the space empty.[6]
  4. Once you’ve filled out your inventory report, double check your stock review. A proper review will give an accurate account of expenses, stock items, and damaged items. If everything is accounted for and labeled properly, sign and date the report.
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  • Question
    What are the advantages of writing an inventory report?
    Community Answer
    Community Answer
    The report gives you knowledge of what is left in stock. This prepares you for the next purchase purchase of goods.
  • Question
    What colors are best to use in a store report?
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    The colors are generally not important. Keep it simple and not flashy or overly bright.
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About This Article

Gina D'Amore
Co-authored by:
Financial Accountant
This article was co-authored by Gina D'Amore. Gina D'Amore is a Financial Accountant and the Founder of Love's Accounting. With 12 years of experience, Gina specializes in working with smaller companies in every area of accounting, including economics and human resources. She holds a Bachelor's Degree in Economics from Manhattanville College and a Bookkeeping Certificate from MiraCosta College. This article has been viewed 208,168 times.
5 votes - 80%
Co-authors: 10
Updated: January 10, 2024
Views: 208,168
Article SummaryX

An inventory report is a summary of current stock in a business. To write an inventory report, you’ll want to list every item you stock and how many of each item remain. If any items are out of stock, just number them as 0. You should also leave space for a description of the item, where you can note how many colors or sizes you have in stock. Here, you can also mention if an item is damaged or missing. If you have multiple stock rooms, note which room each item is in so you know where everything is. You’ll also want to mark each item’s price to help you keep track of expenses and profit. Arrange your items alphabetically or by serial number. At the bottom of the report, make sure you sign and date it for your records. For more tips, including how often to do an inventory report, read on!

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