Inventory valuation: the number that decides your profit
How stock is valued changes reported profit and tax without anything physical changing. FIFO against weighted average, what cost includes, and the write-down nobody wants to make.
A free text box is easy to add and impossible to count. When to use one, when a short list of values is better, and how to recover a register already full of prose.
A free text field is the path of least resistance when designing anything that collects information. Nobody has to decide the possible answers, nobody argues about the list, and everything fits. The cost arrives months later, when somebody asks how many of something there were and the honest answer is that nobody can tell, because the same thing was written eleven different ways.
When the value is genuinely unique and will never be aggregated: a description of what happened, a note for the next person, the specifics of one case. Prose is the correct format for anything a human will read once and nobody will count. The failure is not using free text — it is using it for the fields that answer questions: category, status, cause, owner, outcome. Those are the ones somebody will try to total, and they need a short list of agreed values instead.
The useful pattern is both: a controlled value for what kind of thing this is, and a free text field beside it for the detail. One answers the report, the other answers the question "what actually happened here" — and trying to make a single field do both is what produces registers nobody trusts.
Do not attempt to clean the history by hand. Add the controlled field, start populating it from today, and backfill only the period you actually report on — usually the current year. Most registers are consulted for the last few months and audited for the current period, so cleaning three years of free text is work nobody will ever benefit from. A clean break with a date on it is more honest than a partial retrofit that looks complete.
Ettex Sheets lets a column hold a defined set of values rather than anything somebody types, which turns counting into a formula instead of a reading exercise. The same discipline belongs upstream, in whatever form feeds the register, where the argument about required fields is the same argument.
Because the same answer gets written in many different ways, so nothing can be counted or filtered reliably. The pattern you need to see is split across spellings.
Yes — for detail a person will read once. Pair it with a controlled field for the part that gets counted rather than making one field do both.
Add the controlled field, populate it from today, and backfill only the period you actually report on. Cleaning years of history is work nobody will use.
How stock is valued changes reported profit and tax without anything physical changing. FIFO against weighted average, what cost includes, and the write-down nobody wants to make.
Staff turnover is easy to calculate and easy to misread. How to work it out, why voluntary and involuntary must be separated, and what a replacement actually costs.
Business interruption cover replaces lost profit while you cannot trade. How the sum insured is calculated, why the indemnity period is the number that matters, and what is usually excluded.