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Steps to Set a Smarter Asset Tracking System Step 1: Identify Your Assets. The first step is to identify all your assets owned by your business. ... Step 2: Make a Note of Each Asset. ... Step 3: Calculating the Asset Demand. ... Step 4: Asset's Cost Over Life and Reduce Risk.

If you're looking for a low-cost way to manage your inventory, Excel could be a good solution. It's a program that most of us are already familiar with, whether for accounting or spreadsheet forms, and it is an alternative option for applications like inventory management.

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Step 1: Customize the Asset Tracker form template. ... Step 2: Map the schema file and customize the table layout in Excel. ... Step 3: Create a PivotTable and PivotChart summary report. ... Step 4: Collect asset information from users. ... Step 5: Import forms into Excel.

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MS Excel can be used for storing inventory information. But it cannot automatically track assets or collect asset information; users will have to collect the data and enter it manually into the sheets.

In this article Introduction to creating an Asset Tracker solution. Step 1: Customize the Asset Tracker form template. Step 2: Map the schema file and customize the table layout in Excel. Step 3: Create a PivotTable and PivotChart summary report. Step 4: Collect asset information from users. Step 5: Import forms into Excel.

Key Takeaways. Excel spreadsheets can not only keep track of investments but also calculate performance and degree of volatility. Excel can calculate the difference of an asset's current price minus its entry price. Excel can calculate the percentage return on an asset and assess profit and loss.