Ever wanted to create inventory running balances and could not do so? Well by using simple Excel sum function you can actually see the running balances as you enter new inventory over time. As the stores controller, knowing the correct stock on hand is vital. Follow the simple steps below as we explain how that can be done.
Applies To: Excel 2003, 2007 and 2010
- The screen shot below will be used for this example
2. Select cell D4 and enter the formula : =Sum(B4,-C4)
3. Select cell D5 and enter the formula : =Sum(D4,B5,-C5)
4. Copy the formula in cell D5 to the remaining rows
5. The running balances for the inventory will be displayed as in the screen shot below
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