or .. veni vidi viblogged
well, after a brief globe trotting to few places here and there, I had to go to where literally every other Indian IT employee goes. America. After spending most of my first 4 days here indoors I guess I am both qualified and bored enough to write this post. And after spending good amount of weekend time clicking remote or flicking matrimonials or licking your plate, I am sure you are also eager to read this post while trying to focus on work. So without further ….
My travel had nothing exciting to write home about, unless you want to call watching-6-movies – getting-served-by-male-air-hostesses – and-loosing-one-of-your-suitcases-in-transit exciting. Anyways what is really the matter with muscular and cold looking male air hostesses? Have I formed stereotypes watching too much of those red skirted kingfisher ladies or it is how they work in this part of the world? well .. whatever
So I walk out of the Columbus intl. airport feeling anorexic from all the in flight consumables and hail a cab. As I try to explain the driver where I wanted to go, I quickly learned that he knows nothing except driving. I mean not even reading or writing. I guess this is what us consultants call verticalization. So while I spell letter by letter and point it on the GPS unit our man was able to configure the address and get the directions. He is a sweet man though.
The first cultural shock came in a matter of 23 seconds. I have quickly learned that I have reached US on a super extra long weekend called thanksgiving weekend. Well, I couldn’t be more thankful though. I was in no mood to work after what seemed like a zillion hours of listening to “stow your brain in the overhead compartment, buckle your belt to the seat and restore your feet from the seat in front of you”. So I spent rest of my day wondering what my wife has packed in the other suitcase that went missing in the transit. I realized it contained important life saving stuff like my camera, bathing soap, bed sheet, pillow and eatables.
Next morning my room-mate suggested that we go get some milk from the near by pharmacy. So we walked across the street and entered in to a place that looked almost like half the size of Chennai central railway station. You could buy Christmas trees, digital cameras, bedsheets apart from medicines there. I must tell you this, here everything that is in liquid form (can be liquified) is measured in gallons, including but not limited to espresso shots, coke or tequila.
Rest of my 4 days here involved more of walking across the street to buy some coffee or wearing too many clothes and watching some Simpson’s while sitting on the couch. I guess that part matches pretty much with the life in India, except that I still miss my suitcase.
A last tip to anyone curious enough to read till here: a gallon actually means 3.7 ltrs but feels like a whole lot of coffee that an entire state of Goa can drink in a morning.
PS: Image belongs to http://www.commercialrealtygroup.com
17 Responses to “Budget vs. Actual Profit Loss Report using Pivot Tables”
Good Work, Yogesh & Chandoo! Thanks.
Hi everybody,
first sorry I am late to say something about this topic;actually I was waiting last part
second I am not accountant I am an Engineer
third """"Very Important""" the idea is not about Loss but I am sure it is profit
Based on third it shows:
1- How to use EXCEL
2- How to use pivot TABLES
3- How to collect and arrange DATA
4- How to make reports
Many Thanks
Hi Yogesh and Chandoo,
Thank you for sharing your knowledge!
You guys are great!
thanks chandoo and yogesh, thanks for you lessons, are great!....i have a idea for a budget. I try to do it..... thanks for all
Thanks a lot for sharing the most powerful tool worldwide "knowledge"
Warm greetings from Peru
Hi -
This is a really great article because it's a simple and common thing you'd want to do with a pivot table but not at all obvious how to do it! So - muchas gracias to Chandoo and Yogesh!
One thing - I couldn't get past the group error in the sample file. I would click on ungroup but it didn't seem to have any effect. I'd appreciate it if anybody has any pointers here.
-Juanito
Hi Chandoo
I am also having the group error. Can't seem to ungroup? Appreciate if you explain further on the steps required in order to get to calculated items.
Many thanks and keep up the great work.
Cheers
Adam
Hi Chandoo,
I'm struggling resolving the problem depicted below:
I have a set of data, with (among others) a "Region" field (can be APJ, EMEA, or AMS), and a "Country" field.
Unfortunately, I need to group data by the following 4 Regions: APeJ, Japan, EMEA and AMS.
I first tried to make a pivot with Region and Country in the rows (or columns), and then group Country data as per the above.
Alas, as soon as I have a new Country that appear in my data set, my groupings are broken, and I have to redo the job of ungrouping, grouping etc.
I thought I could try to use calculated item, by adding first a new column to my dataset concatenating Region_Country, and create an "APeJ" calculated item that would sum all the "APJ_*" and substract the "APJ_Japan", but again, no clue, as I can't find a way to use any wild card in those formulas.
Given that I already found extremely helpful tips and tricks in your site that helped me manage that bunch of data, I'm pretty sure you'll have a bright idea on how I can solve that one!
Thanks in advance for your lights!
Hi Catherine...
In such cases, I advice using an additional column in the data itself. You can set-up a grouping table else where with country in first column, region in second column. And then in the data, you can add an extra column and use VLOOKUP to fetch the region based on the country.
Then feed this entire data (with extra column) to pivot table and use the extra column to group the data.
Hi Chandoo,
Thank you for your prompt answer.
I finally came to the same conclusion - after a rest 🙂 . I was probably too tired Friday evening (it was rather late), having spent hours in manipulating all my surveys data so as to pull rolling averages, make nice graphs and so on, and was trying to find a complex solution when there was a simple one.
Thanks again,
Catherine
Hey,
Great post!
I for example have different database structure with the following fields :
Date, Expense, Income, Sum (Income - Expense), Category (Sales, Cost of Goods and etc).
Creating a P&L report for the whole year works great. Including gross margin % and etc.
Though, creating P&L report by QTR/Month is becoming impossible since i get the following error : “This PivotTable report field is grouped. You cannot add calculated item to grouped filed.”
Is there a solution for this kind of problem?
Like Adam and Juanito, I also cannot ungroup.
Would appreciate it if you can add a few more lines and a screenshot or two on where to put the mouse cursor to ungroup.
Hi, I have figured out the ungrouping problem. One of the earlier steps was to group by month, if you pull the month back down to the column then right click and then select ungroup, then pull the month back up so you end up with just data source and budget/actual as the headings, then you can continue on.
To solve the ungroup problem, my method is:
Copy the "data" sheet to a whole new Excel workbook
and directly work on Part 6.
And since it is a fresh copy, Excel don't show me the "can't ungroup" problem. Hope this help.
Thank you Yogesh for this wonderful tutorial.
Kent, Malaysia
Just when i thought pivots were awesome i learn about inserting the calculated fields and that makes them more awesome. chandoo where have you been all my life.
Hello - your P&L pivot version has really impressed my boss and would like to use it. I have applied it for a actual vs budget vs forecast model I have created. One problem. In your variance above the operating profit percent % variance shows 33.8% but I want it to show (0.01) point or the true diff from prior budget.
I know I can add calculation to the side but boss would like to see it in pivot table.
Please help
Thanks
I have a further query which may solve my above dilemma. Is it possible to add a column that calculates percent increase. So in the example above a new column would be added to show variance %.
Any help would be appreciated.
Thanks