BIN Card Format
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How to maintain a stock register? Are you managing a shop and need to implement BIN Card system? Download this BIN Card template now!
We provide a BIN Card 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.
What is a BIN CARD?
A BIN Card is a table that records the status of a good held in stock. A typical retailing business with a large stock warehouse will use a BIN Card to record a running balance of stock 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
BIN stands for Business Identification Number
Often, a Stock BIN Card 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. A bin card is a handy record for an online or offline storekeeper whereas a ledger is for the finance and costing department.
This 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 template 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 sample 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 template cover?
This BIN Card template consists of the following components.
- business identifying the store’s location and other characteristics;
- identifying stock information such as business identification name or business identification number;
- a matrix where you can keep track of incoming and outgoing stock and it's balanced.
We provide a BIN Card 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 warehouse process, directly with this BIN Card system after you download this template. Using our warehouse templates guarantees you will save time, cost and effort!
DISCLAIMER
Nothing on this site shall be considered legal advice and no attorney-client relationship is established.
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