What is a BIN Card? Are you managing a store and like to implement Stock BIN Cards? Download this BIN Card format template in Excel now!
What is a BIN Card?
A BIN Card is a spreadsheet or table that records the status of goods held in stock. It is a common tool in any retailing business that holds a large stock or warehouse. Using a BIN card form helps to record a running balance of stocks on hand, in addition to information about stock received and notes about problems associated with that stock item.
What does BIN in BIN Card stand for?
BIN stands for Business Identification Number.
Often, a BIN Card Form is compared with a stock register or store ledger and usually, regularly updating and maintaining the store ledger can be sufficient. A BIN card however always need to be kept up-to-date by putting in the transactions before these actually have taken place. Therefore it can be very efficient and useful to work with a BIN Card that is working in Excel like this BIN Card Excel format. A BIN Card is a handy record for an online or offline storekeeper whereas a ledger is for the finance and costing department.
This Excel BIN card format template is. By printing and keeping once a week or once a new hardcopy BIN card inside the store, most columns within this BIN Card format will be left empty before a storekeeper writes down exactly the transactions on the hardcopy form.
The only field in the template that must be filled before it is printed is the business department and location and item information fields. This can be done digitally before you print out this BIN Card. However, this is not always necessary if the storekeeper decides to fill those fields after printing, this BIN Card template requires fairly small modification needed before making the print. This makes the template a smart and easy form that everybody that needs a BIN Card can use.
When do I need this Bin Card Format template?
Download this BIN Card when you are a storekeeper, looking for a solution to keep track of the transactions that are taking place. You can use this ready-made template easily to create and implement your personal BIN Card system.
However, in some cases, storekeepers are provided with a store ledger in lieu of a bin card. This is not a common, and not according to the basic principles of stock keeping and business accounting, simply because a store ledger also contains information about the up-to-date value of the goods in stock. The BIN Card is more focused on solely keeping insight in the quantity.
Managing the value of your stock is more a matter of your Finance department’s responsibility. Often, this is kept separately from storekeepers who are not managing this. The responsibility of the storekeeper is focused on keeping track of the physical stock and the stock recorded in the BIN card system. When you are a storekeeper, this ready and easy to use BIN Card is the only record that you need. For that reason, you will also need this template to create the card.
What does the BIN CARD Excel template cover?
This Excel BIN Card template consists of the following components:
- identifying the store’s location
- fields for identifying stock information
- a table where stock’s balance is recorded
We provide this BIN Card Excel template that will professionalize your way of registration in your warehouse. A BIN card is a file which records the status of products held in stock in a warehouse. Most retail companies that are having a large warehouse or stock room will use a bin card to record a running balance of stock items on hand, in addition to information about the stock items received and notes about problems associated with that stock of that product.
You can start working or start improving your stock process, directly with this BIN Card system after you download this BIN Card Excel template. Using our warehouse templates guarantees you will save time, cost and efforts!