This post builds on earlier discussion, How many hours did Johnny work? I recommend you to read that post too.
Lets say you have 2 dates (with time) in cells A1 and A2 indicating starting and ending timestamps of an activity. And you want to calculate how many workings hours the task took. Further, lets assume,
- Start date is in A1 and End date is in A2
- Work day starts at 9 AM and ends at 6PM
- and weekends are holidays
Now, if you were to calculate total number of working hours between 2 given dates, the first step would be to understand the problem thru, lets say a diagram like this:
We would write a formula like this:
=(18/24-MOD(A1,1)+MOD(A2,1)-9/24)*24 + (NETWORKDAYS(A1,A2)-2)*9
See the above illustration to understand this formula.
Now, while this formula is not terribly long or ineffective, it does feel complicated.
May be we can solve the problem in a different way?!?
Michael left an interesting answer to my initial question, how many hours did Johnny work?
Pedro took the formula further with his comment.
The approach behind their formulas is simple and truly out of box.
Instead of calculating how many hours are worked, we try to calculate how many hours are not worked and then subtract this from the total working hours. Simple!
See this illustration:
So the formula becomes:
Total working hours between 2 dates – (hours not worked on starting day + hours not worked on ending day)
=NETWORKDAYS(A1,A2)*9 - (MOD(A1,1)-9/24 + 18/24 -MOD(A2,1))*24
After simplification, the formula becomes,
=NETWORKDAYS(A1,A2)*9 - (MOD(A1,1) -MOD(A2,1))*24 -9
=(NETWORKDAYS(A1,A2)-1)*9 +(MOD(A2,1)-MOD(A1,1))*24
Sixseven also posted an equally elegant formula that uses TIME function instead of MOD()
=(NETWORKDAYS(B3,C3)*9) - ((TIME(HOUR(B3),MINUTE(B3),SECOND(B3))-TIME(9,0,0))*24) - ((TIME(18,0,0)-TIME(HOUR(C3),MINUTE(C3),SECOND(C3)))*24)
Download the solution Workbook and play with it
Click here to download the solution workbook and use it to understand the formulas better.
Thanks to Pedro & Michael & Sixseven & All of you
If someone asks me what is the most valuable part of this site, I would proudly say, “the comments”. Every day, we get tens of insightful comments from around the world teaching us various important techniques, tricks and ideas.
Case in point: the comments by Michael, Pedro and Sixseven on the “how many hours…” post taught me how to think out of box to solve a tricky problem like this with an elegant, simple formula. Thank you very much Michael, Pedro, Sixseven and each and every one of you who comment. 🙂
Have a great weekend everyone.
PS: This weekend is my mom’s birthday, plus it is a minor festival in India. So I am going to eat sumptuously, party vigorously and relax carelessly. Next week is going to be big with launch of excel school 3.
PPS: While at it, you may want to sign up for excel school already. The free lesson offer will vanish on Wednesday.
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