Inventory Control Spreadsheet enables easy calculation
November 3, 2008 5:25 am BusinessBefore the advent of electronic spreadsheets, inventory forms would be produced by copiers each count period. The count team would often take their counts with no knowledge of the previous count or the current replacement cost. This proved to be major disadvantage for the accountants. When the Inventory Control Spreadsheet was introduced, things became easier for the accountants as the basics were programmed in the software. This consumed less time and accounting records were maintained efficiently. Inventory Control Spreadsheet is a table with rows and columns with a set of predefined formulae to facilitate calculations. This made recording of transactions easier and enabled checking the accounts recorded in the past.