inventory management

Spreadsheets for Etsy Sellers - The Guide to Better Organizing Your Business

Whether you're an Etsy newbie or an experienced seller, this guide will show you how to use spreadsheets in your business and why it is important.

Are you an Etsy seller looking to get a little better organized? A spreadsheet can be a great way to do that! In this guide, we will show you how to set up your own spreadsheet and how to use it to manage your inventory and orders. We’ll also give you some tips on what to look for in a good spreadsheet. So whether you are just starting out or have been selling on Etsy for a while, read on for some helpful advice!

Why is important to have a spreadsheet tracking system in place?

Let’s firstly cover why you need some sort of tracking system. As a handmade business owner, it’s important to be able to track your materials, costs, and orders.

Why? Because without knowing this information, you run the risk of running out of materials, not being able to ship products on time, and losing track of your costs.

By having a tracking system in place, you can avoid these potential problems and keep your business running smoothly. There are a number of different ways to do this, including specialised inventory and bookkeeping software for handmade sellers. For the purpose of this article, we’ll be covering how you can best use spreadsheets to keep better track of your business.

Remember that whichever method you choose, make sure it’s something that you’re comfortable with and that will work for your particular business. An inventory and tracking system will be a valuable asset to your business and will help you keep on top of everything - so you can continue to provide high-quality handcrafted products and focus on providing outstanding service to your customers.

Why should handmade sellers use spreadsheets?

Most people who are interested in starting a handmade business have a passion for creativity. But when it comes to the nitty-gritty details of running a business, many start to feel a bit lost: if you are one of these, don’t fret - it’s completely normal and you aren’t alone.

Spreadsheets may not sound like the most glamorous part of starting a business, but they can be incredibly helpful in getting your business organized from the start.

You can use spreadsheets to track your inventory, calculate your costs, and determine your pricing. Additionally, spreadsheets can help you keep track of sales and expenses so that you can see where your business is making and losing money. In short, spreadsheets are an essential tool for any new handmade business owner.

See also: How to set the right price for your handmade products »

What should I look for in a spreadsheet for handmade sellers?

There are many different ways to set up a spreadsheet for your Etsy business. But there are a few things that all good spreadsheets have in common. First, they should be easy to understand and use. Second, they should be able to track all of the important information about your business. And third, they should be able to grow with you as your business grows.

You can consider buying or downloading a pre-made spreadsheet. Here are some examples of ones you might like to take a look at:

Some examples of Etsy seller spreadsheets include the following:

  • The Etsy Seller’s Inventory Spreadsheet This spreadsheet helps sellers track their inventory levels, product descriptions, pricing, and photo URLs.

  • Inventory Sales Expenses Spreadsheet: This excel spreadsheet is simple and easy-to-use for anyone, regardless of their spreadsheet skill level. This spreadsheet has an inventory tracker, sales tracker, and expenses tracker all in one. All you need to do is provide your data and you will be able to easily keep your business info organized all in one place!

  • Etsy Seller Inventory Spreadsheet (FREE) : Craftybase also offers a popular inventory and sales spreadsheet, which is available here - it’s completely free to download and to use.

  • Etsy Profit Calculator spreadsheet: Ever struggle with pricing your products on Etsy and understanding what your going to be left with after all your product costs and fees are taken into account? This automatic calculator is designed to help!

Choosing the right Etsy seller spreadsheet will depend on your specific needs. However, all of these spreadsheets can help you better manage your business and keep track of important information.

Making your own Etsy seller Spreadsheet

Now that you know what to look for in a good spreadsheet, let’s talk about how to set one up yourself.

If you’re someone who likes to be in control and knows your way around Excel, then creating your own seller’s spreadsheet is the way to go. You can tailor the spreadsheet to fit your own unique circumstances, and adapt it to when the needs of your business change.

When creating an inventory spreadsheet, there are a few key columns and data points that you’ll need to include as a starting point:

Product Tab

First, you’ll need a place to list the your product item’s name and ideally its SKU. This will help you keep track of what you have in stock.

You’ll also need to include the item’s current quantity, price, and any low stock limits that apply. This will help you track stock levels and keep an eye on trends.

Materials tab

You’ll also need to create a tab with all the materials you have on hand, their current quantities, unit cost and also the reorder points (this will allow you to see which ones are running low on stock and need to be reordered)

For each, you might also like to track the location. This will ensure that items are stored correctly and can be found quickly when needed.

Make tab

This tab should contain a list of all the times you create a new batch of your product. You’ll want to list the date, what was made and how many were made. Ideally, create a unique code to represent the batch so you can cross reference this if need be for any future recalls. Lot numbers representing each of the materials you used to create the batch is also a handy thing to track in this spreadsheet tab.

Expenses tab

Each time you purchase a new material, you’ll want a place to document this in your spreadsheet. This will allow you to see your expenditure at a glance and keep tabs on your spending.

Orders tab

Tracking your sales is also an important part of the inventory tracking puzzle as this will show you how many you are selling of which of your products.

Once you have the basics in place, now it’s time to start entering data into your spreadsheet. As you add new products, buy new materials or make sales, be sure to update your spreadsheet so that it always reflects the most up-to-date information about your business.

Why spreadsheets may not be the best option for your handmade business

Spreadsheets are a popular tool for tracking inventory, but they also have several disadvantages. First of all, spreadsheets can be difficult to keep updated. As inventory levels change, you need to manually update the spreadsheet, which can be time-consuming and error-prone. Additionally, spreadsheets can be challenging to share with others.

For example, if you need to collaborate on inventory management with someone else, you would need to send them a copy of the spreadsheet. This can lead to version control issues, as different people may have different versions of the spreadsheet.

Finally, spreadsheets can be difficult to use for complex inventory management tasks. If you need to track a large number of items, or if you need to track multiple types of information about each item, a spreadsheet can quickly become unwieldy. For these reasons, it’s important to weigh the advantages and disadvantages of using a spreadsheet before deciding whether it’s the right tool for your needs.

Conclusion

A spreadsheet can be a great way to keep track of your Etsy business, at least initially.

It’s important to remember that a spreadsheet is just a tool. The real key to success is staying organized, implementing good procedures and keeping good records.

With a little bit of effort, you can use a spreadsheet to take your handmade business to the next level!

Nicole Pascoe Nicole Pascoe - Profile

Written by Nicole Pascoe

Nicole is the co-founder of Craftybase, an inventory and bookkeeping software product designed specifically for handmade sellers. She has been working with, and writing articles for, Etsy sellers for the last 12 years. Her passion is to help handmade sellers to become more successful with their online endeavors by empowering them with the knowledge they need to take their business to the next level.