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Excel/creation of inventory closing balance


Im currently working with excel trying to create a formula will add new inventory to the opening balance when purchase and reduce when issue.

Hello Benjamin,

The question is not specific on what layout of the sheet you are using.

However, assuming you have 4 columns in the excel namely - opening bal. , purchase, issue, closing bal., then you can use the following formulae combinations to achieve what you need.

opening bal. : =(link to previous closing balance, i.e. earlier row)
purchases: this will be actual purchases
issues: this will be actual issues
closing bal. : =(opening bal. + purchases - sales)

Hope this helps,
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I can answer questions related to the following topics: 1. MS Excel - Creating and Linking Formulae, Running Pivot Tables, Vlookup etc. 2. Macros / VBA - Creating Macros to do specific jobs. Importing / Exporting / Validating Data in excel through Macros.


I've been working on excel for over 10 years and on VBA macros for over 3 years now.

Bachelor of Commerce, Chartered Accountant from The Institute of Chartered Accountants of India

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