Use an IF statement to highlight low stock: =IF(Closing_Stock <= Reorder_Level, "Reorder Now", "In Stock") Step 4: Apply Conditional Formatting
| Date | Material Code | Material Description | Quantity Received | Quantity Issued | Balance | Unit Price | Total Value | | --- | --- | --- | --- | --- | --- | --- | --- | | 01/01/2023 | M001 | Raw Materials | 100 | 0 | 100 | $10.00 | $1,000.00 | | 01/05/2023 | M001 | Raw Materials | 0 | 20 | 80 | $10.00 | $800.00 | | 01/10/2023 | M002 | Finished Goods | 50 | 0 | 50 | $20.00 | $1,000.00 | Material Stock Register Format In Excel
Name and specifications (e.g., "Steel Rod 12mm"). Unit of Measurement (UOM): Kg, Liters, Meters, or Units. 2. Receipts (Inward) GRN Number: Goods Received Note reference. Supplier Name: Where the material came from. Quantity Received: Amount added to stock. Rate per Unit: Purchase price. 3. Issues (Outward) Requisition Number: Internal document authorizing the move. Department/Site: Where the material is being sent. Quantity Issued: Amount removed from stock. 4. Balance (Status) Use an IF statement to highlight low stock: