How To Manage Product Costs In Google Sheets?

Are you a small business owner who struggles to stay on top of your product costs? I have the answer for you!

For small businesses, every dollar counts, and tracking your product costs closely can often be the key to staying profitable.

But the good news is that you don’t need expensive accounting or inventory management software to stay on top of your numbers.

You can manage your product costs, track inventory, calculate profit margins, and monitor supplier prices all in your favorite spreadsheet software, Google Sheets.

This is done using a dynamic Google Sheets inventory management template.

It is possible to manually create your own inventory management template within Google Sheets.

However, I don’t recommend this option unless you’re confident with Google Sheets formulas and conditional formatting to help keep everything up to date.

This is where Sheetify CRM steps in.

Read more about Sheetify CRM’s tools and features here. 

If you're a small team or micro-business looking to better manage your customers and inventory in Google Sheets, you can’t go past Sheetify CRM.

As a dynamic Google CRM template, you can effectively manage your customers, sales, emails, tasks, leads, and more within Sheetify CRM.

But did you know that Sheetify CRM also serves as a fully functional small business inventory management software, allowing you to seamlessly manage your product costs?

Sheetify CRM inventory management features include:

• Logging purchases.
• Monitoring stock levels.
• Managing orders.
• Tracking transactions.
• Basically, you can stay on top of your inventory and costs in one sleek, easy-to-use dashboard.

You can even dig into key product insights like shipping delays, best-selling products, and profit margins, all without leaving the spreadsheet.

Think of it as your inventory manager, order tracker, and CRM system all rolled into one!

Sheetify CRM is powered by Google Apps Script, advanced formulas, smart data validation rules, and intuitive conditional formatting.

This means you hardly have to lift a finger! All you need to do is input your product name, type, SKU number, stock details, sale price, and cost per item in the pre-made columns.

The best part is that Sheetify CRM automatically works out the margin price and percentage for you! This makes managing your product costs a breeze. 

Sheetify CRM’s full CRM suite, including all inventory features, is available as a one-time payment of just $69. 

No subscriptions. No hidden fees. Just everything you need to stay on top of your business.

And when used with Sheetify Bookkeeping (my all-in-one financial management tool), you have everything you need to manage your entire business finances inside Google Sheets!

So, why pay for expensive platforms like Sortly, Zoho, or Square when Sheetify CRM gives you enterprise-level inventory control at a fraction of the cost?

Find out more about Sheetify CRM’s inventory management features here.

As I’m sure you’re aware, there are now countless inventory management software options available to help teams manage their inventory and product costs.

So, why should you choose Google Sheets?

Well, the truth is…..these complex inventory software are often overkill (and overpriced) for smaller businesses.

Google Sheets, on the other hand, offers an accessible, budget-friendly, and versatile alternative that’s surprisingly powerful for managing products.

It’s the ideal solution for small teams looking to track basic inventory tasks like product levels, sales data, and purchasing activity without the overhead of a dedicated system.

With customizable templates and real-time cloud collaboration, teams can easily update product pricing, monitor margins, and keep tabs on expenses from one central place.

Although Google Sheets lacks advanced features like barcode scanning, it makes up for it with flexibility and ease of use!

When set up correctly, a well-designed Google Sheets inventory and cost tracking template can function just like popular tools such as Zoho, Sortly, or Square at a fraction of the cost!

Get started with Sheetify CRM here.

If you're looking for a simpler, more hands-on inventory approach, creating your own Google Sheets inventory spreadsheet is an innovative, straightforward solution.

Especially if you're already comfortable using Google Sheets!

Google Sheets offers a flexible way to track product quantities, pricing, sales, and more, all in one place.

Whether you want to start from scratch or use a ready-made template, here are a few ways you can get started:

1. Customize your own spreadsheet: Set up your columns and rows to include the data points that matter most (product names, SKUs, stock levels, reorder thresholds, etc).
2. Use a pre-built template: Download a free inventory management spreadsheet to save time and ensure you don’t miss any key details.
3. Leverage Sheetify CRM: For a more streamlined experience, use Sheetify CRM to bring structure and automation to your inventory management workflows.

Learn more about how you can build an inventory management template using the three methods above here.

And that’s how you can manage product costs in Google Sheets!

As you can see, Sheetify CRM is the most effective way to keep on track of your products and profits at all times.

So, what are you waiting for? Find out more about what you can do with Sheetify CRM here.