Inventory Aging Report

Overview

In this article, you will learn about Sellercloud’s Inventory Aging Report. This report provides an analysis of the estimated age of the inventory in stock based on previous receivings of particular items. The accounting principle used in making these calculations is referred to as FIFO (first-in, first-out), where when an item is sold, the oldest inventory items (earliest purchased items) are considered as sold first.

For example, let’s say that Product A has a current quantity of 7 which was received on two different dates:

1. The most recent receive date was 15 days ago with a received quantity of 5.
2. The previous receive date was 45 days ago, also with a received quantity of 5.
3. The report will show that Product A has a quantity of 5 with an inventory age between 0-30 and a quantity of 2 with an age of 30-60
4. Finally, it will provide an Average Inventory Age based on the calculation of the sum total receiving of the day divided by the quantity in stock. The calculation is (5*15(most recent receive date))+(2*45(earlier receive date))/7 =23.57

For key points about Sellercloud’s Inventory reports, see the Inventory Value Reports Overview

Access and Customize the Report

To use the report, follow these steps:

1. Navigate to Reports > Inventory > Inventory Aging Report.
2. Set up the Default and Custom filters to have the report show precisely what you need.
3. Click Search. Each filter you apply gets highlighted in green. If a filter is gray or not displayed at all, it’s not active.
   
4. To manage the columns in the report, click the three dots icon on the top right and select Customize Columns. You can:
   1. Reorder columns by dragging them up or down in the list;
   2. Hide columns by clicking the Trash icons;
   3. Add columns by clicking Add column.
      
5. To sort the data differently, use the Sort by menu.
6. To save your filtering and sorting options, click Save view, type a Name and click Save.
   
7. To export the full report to a spreadsheet, click Actions on the bottom right and select Export to Excel. Spreadsheets include all columns, including those hidden in the report.
   

Filter and Column Definitions

Click the drop-downs below for filter and column descriptions.