Jo (wife) likes to watch Masterchef Australia (link), a cooking reality show every night. Even though I do not find contestant’s culinary combats comforting, occasionally I just sit and watch. You see, I like food.
The basic premise of the program is who cooks best in given time. To tell people how much time is left, they use a clock that looks like this:
The needle indicates how much time is left (much like a stop clock, with a small twist).
One day, while watching such intense battle, my mind went
- It be cool to make such a clock using hmm… Excel?
- Wouldn’t it be cool to grill a snapper & eat it than watch someone else do it
While I cannot share my snapper (or pretty much any other food item) with you, I can share my Masterchef style Excel clock with you. So behold,
Here comes the Masterchef style Clock in Excel
How is it cooked?
Don’t you worry. This recipe is not as complicated as a Masterchef recipe. With enough time & trigonometry, anyone can do it.
The clock (chart) has 2 parts. Dial & rotating hand.
While we can create both of them in one chart, I choose the path of least resistance i.e. Make one chart each for Dial & Hand and overlap them nicely.
Making the Dial
This is simpler than it looks. All we need is numbers 60 thru 5 (60,55,50…10,5) in a range & twelve 1s in another range. Then, we select both and make a radar chart. Once you adjust it, it should look like this:
Making the Rotating Hand
The hand is nothing but a line on a scatter plot with (0,0) as one point & (x,y) as another point. To calculate (x,y) we need to know how many degrees our hand should be rotated.
Hand of our clock starts at 60 and rotates clock-wise (duh!). That means if the time completed is 5, our clock’s hand should be 300 away from initial position.
Thus, x = sin(300), y = cos(300)
Same in Excel would be SIN(RADIANS(30)), COS(RADIANS(30))
For more on this calculation, refer to Spoke Chart Technique.
Running the clock (using VBA)
Our job is not done when the clock is assembled. We must give it batteries thru VBA.
The basic logic for running the clock is simple:
- When clock is running
- Check if it next second yet
- Move the hand (by modifying the value of done seconds)
- If not, just wait
You can see the code (and break it if you must) in the download file.
Download Excel Clock & Play with it
Click here to download this clock. Examine the macros assigned to the buttons. Play & Pause the clock.
Do you watch Masterchef?
Of course I am kidding. What I am really keen to know is do you make any clock / timer related things in Excel? I use timer features often to add animation, count-down features to my workbooks. They work really well.
What about you? Have you used such techniques? What is your experience? Please share using comments.
PS: If you must know, I prefer Amazing Race to Masterchef. I guess I get more pleasure watching people run around globe than run around in a kitchen.
More Charting Recipes
If you like a well cooked chart, we have got one too many in our pantry. Check out,
- Spoke chart in Excel
- Grammy bump chart
- Competitive Analysis Chart
- Polar Clock in Excel
- Data around the clock
Or consider joining my Excel School program to cook fine Excel workbooks & charts. Click here.
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