In your sale sheet, record the date of the sales.
You can have a column to enter the month of the sales. That column could allow you to pull monthly sales data into another sheet of your inventory management workbook.
Enter the name of the product you sold. If you track your inventory in the same work document, enter the product name the same way it is entered into inventory.
Enter the quantity sold, the unit price, shipping paid by the buyer, any sales tax paid, as well as the total amount paid by the buyer.
On the same row, identify if the buyer is out of state. This allows you to track the sales tax that are for interstate sales.
On the same row, enter the cost of goods sold (COGS). This allows you to update your inventory level for the products remaining on hand in terms of the remaining quantity and cost of these products.
If you have sales daily, we can record your sales daily. Alternatively, you can reserve a day of the week to do your bookkeeping and inventory management.
You record your sales on a daily sheet and the monthly sales sheet will summarize your sales by the month.
Conclusion: How do you keep track of monthly sales?
If you do not use software to track your inventory and sales, you can download a free inventory and sale workbook from our Free Download section of our website.
The video explains how to record your sales using a spreadsheet to track your sales by the month.
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