Free Excel Inventory Template for Rental Businesses

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Rental Inventory Tracker

If you are a business owner of a rental business where you rent equipment or assets to your customers, you will find this template handy in tracking inventory. This Excel rental inventory management template can help you know how many items are in stock and how many have been rented out. In addition to knowing the current inventory, you can also determine the expected inventory in future based on future dated rental orders/contracts.

Use this free equipment rental software to get organized and be in control of your rental inventory. You can use this template for any rental business, such as equipment rental, furniture rental to parties or events, renting wedding items to weddings, construction equipment rental, audio video equipment rental, bike rental, sports equipment rental or book rental.

This Excel template is designed for Microsoft Excel, but if you are looking for a Google Sheet template, please visit Rental Inventory Tracker in Google Sheets.

 

Rental Calendar - Available Quantity
Rental Calendar – Available Quantity

 

FREE DOWNLOAD

Rental Inventory Tracker Excel Template

 

VIDEO DEMO

HOW TO USE THE RENTAL INVENTORY TRACKER

Overview of Steps

  1. Enter Assets and # of items in Assets sheet
  2. To enter a rental contract order, enter the order details in Orders sheet
  3. Check availability in Orders sheet before committing to the order (max 90 days window)
  4. To see current availability of assets, view Assets sheet
  5. To view at any time availability over a month, use Calendar sheet

 

Detailed Steps

Enter the list of assets or equipment in the Assets sheet.

Enter Rental Equipment or Rental Assets Items
Enter Rental Equipment or Rental Assets Items

 

If you are new to Excel Tables, please read this article first: Introduction to Excel Tables.

Enter Asset Name, Description and # of Items you have of each asset. The last two columns are automatically calculated. When you begin, Rented Out will be 0 and all the items will be In Stock.

 

Enter Rental orders in Orders sheet

Rental Inventory Tracker - Enter rental orders details
Rental Inventory Tracker – Enter rental orders details

 

Enter Order Number,  Order Date, Asset being rented and Quantity being rented. Enter Rent Out Date (date when the asset needs to be given to customer) and Return Date (date when asset will be returned by the customer).

Use the Notes column to keep track of any information related to the order. For example, you can enter contact information of the customer.

 

Check Availability of Rental Asset

At the top of the Orders sheet is a simple availability calculator, which will provide the quantity available to rent for a specific asset given the rent out and return dates.

Check availability of Rental Items
Check availability of Rental Items

 

If the available quantity is negative, that indicates that there is not enough inventory.

Check availability of Rental Items - Not enough Inventory
Check availability of Rental Items – Not enough Inventory

 

This availability calculator can handle rental windows of up to 90 days long.

Check availability - Rental Assets - Window longer than 90 days
Check availability – Rental Assets – Window longer than 90 days

 

View Availability Calendar

The Calendar sheet provides a flexible and useful calendar that shows the availability of rental assets over 31 days. You can choose any start date for this calendar view. Also, you can choose to see Available Quantity or Rented Quantity. Here is a screenshot of Available Quantity.

Rental Calendar - Available Quantity
Rental Calendar – Available Quantity

 

The red colored cells indicate days when assets will not have enough inventory to cover the rental orders. You need to make sure that you re-do the rental order by working with the customer or may have to cancel the order.

 

Here is a screenshot of Rented Quantity.

Rental Calendar - Rented Quantity
Rental Calendar – Rented Quantity

This will help you to be aware of how many items will be rented out on any specific day.

 

ADDITIONAL FUNCTIONALITY

To view one order’s details, use filter on Order Number in Assets table

Filtering by Order Number
Filtering by Order Number

To view orders/assets with return date of today, use filter on Return Date in Assets table

Filtering by Rental Due Date
Filtering by Rental Due Date

 

By default, the Calendar sheet shows 25 assets. It’s easy to extend Calendar for more days and more assets. To unprotect Calendar sheet, use password: indzara. (Article on Unprotecting sheets). Then, just expand the table to more rows to include more assets.


RECOMMENDED TEMPLATES

If you find the above template useful, please see Rental Inventory and Sales Manager, that provides accounting, invoicing, and reporting features for rental businesses.

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117 thoughts on “Free Excel Inventory Template for Rental Businesses

  1. I’ve started getting an error when I type the Asset info into an order. It matches the asset name from column A in the assets worksheet, but it pops up “The value doesn’t match the data validation restrictions defined for this cell.” Please help.

    1. We can help you in this regard. Can you please send a copy of the sheet with the issue to support@indzara.com?

  2. Hello, I am the volunteer treasurer for a local charity called HELP INTERNATIONAL BENIDORM (Spain),
    & we have a scheme to help people in need with mobility aids such as wheelchairs, wheeled walking frames etc.
    This template seems to be what we are looking for, fairly easy to use by anyone. what it needs for our purpose is to have a ‘Date Returned’ column, so the item loaned is not brought onto stock until this cell has a date inputted. I have tried just changing ‘Return Date’ to ‘Returned’ and leaving it empty but that doesn’t show the item being out on loan if the cell is blank. I would like to keep ‘Return Date’ column but have the extra column for ‘Date Returned’ & have the inventory not showing the item returned until that cell has a date inputted. I am not very au fait with
    ‘SUMPRODUCT’ & ‘IFERROR’ Formulae. Can you help please.

    Thank you & best wishes

    1. Thanks for using the template. We have opened a support ticket for this and reached out to you for the file.
      Best wishes.

  3. Hello, this is somehow getting messed up when importing it to Google Spreadsheets, is there a version avaible to import it without the template getting broken?

    1. Thanks for using our template.

      Please use the Google sheet version available at https://indzara.com/2020/03/rental-inventory-tracker-free-google-sheet-template/

      Best wishes

  4. Hi, this is really a great temple, thank you. I am starting a sign business and want to spread out the asset information into three columns on the “Asset Sheet” so that I can filter my searches by what the sign says (A, B, C, D, 1, 2, 3, Basketball, etc), color of the sign and whether the sign is a letter, number or symbol (like a basketball) . That was not an issue but I would like to add these columns to the order sheet and the calendar sheet so that I can filter items rather than go through 400 lines in my sign catalog. What formula should I add for the two new columns on the order sheet and the calendar sheet?

    Thank you

    1. Thank you.
      Are you looking for a way to use three different attributes to choose an asset? Assets – choose color first, then choose letter, then choose symbol, etc. We would have to modify multiple formulas to make that work. I don’t believe it is simple enough to explain in one or two lines.
      I have a video that explains dependent drop down. https://youtu.be/VuSbh4dIrb4
      Please correct me if I have misunderstood your question.
      Best wishes.

  5. Thank you for this awesome template! I’d like to expand the calendar to include more than 31 days (6 months or so). How do I do this?

    1. Thanks for your message.

      The calendar is designed to show status for the next 31 days from the day entered.

      Best wishes

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