As you may new, the newest version of Excel is out for a while. I have been using it since last 6 months and enjoying it. Today, lets understand 10 things in 2013 that wowed me (and probably you too).
Flash Fill
Imagine Flash (the super hero, not browser add-in) is using Excel to extract the middle names of all his villains. Now, flash being flash, do you think he will slowly type out the middle names one at a time? Of course, he can learn Excel formulas and do it in one stroke. But he is too busy running around & saving earth. So, obviously he would use Flash Fill.
Flash Fill works almost like magic. It looks at what you are typing and sees if there is any pattern in it (based on adjacent columns etc.) and then suggests a fill down option. See this demo.
Bonus Tip: Press CTRL+E to activate flash fill.
Built-in Data Model
The top 3 reasons why analysts & managers spend so much time with Excel:
- Searching for that mysterious flight simulator Easter egg (#)
- Formatting worksheets
- Trying to link up multiple tables of data using VLOOKUP, Copy Paste and black magic.
Fortunately Excel 2013 makes #3 a breeze, thanks to built-in data model. Using Excel 2013 data model, you can link multiple tables with each other (one to one or one to many relationships) and generate powerful Pivot reports & charts with few clicks. Now you have more time to search for flight simulator.
Timelines
These days everybody boasts of a massive spreadsheet. But almost no one needs all the data at same time. We are always filtering data for latest quarter, 6 months starting Mother’s day or 8 weeks from November 1st etc. Of course, you can use auto-filter and select all the dates. But it is a pain.
Thanks to Timelines, filtering for dates is a breeze. You can add timelines for any date column in a pivot table / pivot chart. I am sure your clients & bosses will love it.
Quick Analysis
Depending on your work, you may love or hate it. Quick analysis is a new button that appears when you select a bunch of data. Using this, you can do a lot of quick analysis tasks like adding conditional formatting, charts, sparklines or turning your data in to tables (or pivots). To be frank, I find this a bit of annoyance as my analysis work is never quick!
But I am sure there are tons of people who would find this very useful.
Excellent color scheme
The default color scheme of Excel 2013 is bold, creative and well contrasted. It is a far cry from Excel 2003’s color scheme (which is boring, glaring & poorly contrasted). Now, if you insert a default chart (or table, pivot etc.) from your data, you need to do very little clean up work. It is ready to go!!!
Distinct Counts & more in your Pivot
If you are really quiet, you can hear an analyst in your company screaming with joy once they realize that in Excel 2013, you can get distinct count of values in pivot reports!!!
That is right, using Excel 2013 pivot reports, you can find out distinct counts. No extra formulas or no arrays or no VBA. More power to you 🙂
[Related: Using Distinct Count feature in Excel 2013 – case study]
New Formulas
In Excel 2013, there are many new formulas and improvements. My favorite new formulas are,
- Web formulas – WEBSERVICE(), FILTERXML() and ENCODEURL() (an example on these formulas)
- Information formulas – ISFORMULA(), FORMULATEXT(), SHEET() and SHEETS()
- Logical – XOR(), IFNA(), BITXOR(), BITOR(), BITAND() etc.
Easier Charting
In Excel 2013, there are massive changes in charting. Now you can create combination charts, add secondary axis, set up smart data labels, format the chart or switch styles with ease. Microsoft revamped the default formats too so that when you make a chart from data, it is ready for presentation (with out too many tweaks).
Some of favorite charting features are,
- Recommended charts feature that tells you which charts go well with your data.
- A screen where you can change the chart type for each series easily.
- Common chart customizations are a click away (screenshots 1, 2 & 3)
- Ability to create scatter plots based on a variety of input data layouts (Jon Peltier’s article on this).
That said not everything is rosy with 2013 charting. For example, I do not like that we have to go thru sidebar pane to customize charts (formatting etc.) instead of dialog box.
Animated Charts
One of the slickest things you will notice in Excel 2013 is the animation that you see when you move selection, do calculations or create charts. While this may be annoying to some, I find one good use for it. When you use charts coupled to interactive elements (like form controls, slicers etc.) they look sexier, thanks to Animation. See this demo to understand what I mean.
Power to you
Excel 2013 Professional Plus versions comes bundled with Power Pivot & Power View, 2 excellent features for powerful data analysis & visualization. You can think of these as full fledged BI solutions sitting right in your computer. The only glitch, Microsoft decided to give these features only Professional Plus users. I know it is annoying that home, office, professional level licenses cannot use Power Pivot even if they want to pay extra. What a pity!!!
More on Excel Power Pivot licensing issues & possible solutions.
Related: What is PowerPivot & How to use it?
3 things that are not so impressive
The whole cloud thing:
While it is understandable that Microsoft wants us all to purchase shiny new Surface tablets and use spreadsheets on the go, it seems like a bad idea. It annoys me that when I want to save a file, the first option I see is Chandoo’s sky drive. The process of saving files to sky drive and later viewing them in browsers is very slow and often results in errors or warnings. Instead, for desktop versions, why not make My computer as first preference?!?
Sharing & Social features:
Share to Facebook?!? seriously! Why would anyone want to share their spreadsheets on twitter or facebook? Do we really want facebook to know our annual budget & appraisal ratings (so that they can show us ads that say – Buy our scissors and cut your budget in half )?
Power Pivot is not for masses:
Microsoft positioned Power Pivot as BI for masses, offered it for free in Excel 2010. Then in Excel 2013, they went ahead and implemented a licensing policy that looks just as complicated as my lawyer’s invoice. Why would a for-profit company like MS want to not offer powerful tools like Power Pivot to masses for a fee? Why sell it only to corporate customers thru volume licensing program? beats me.
Bottom line
Despite these minor annoyances, I think Excel 2013 is a well designed, solid & powerful software ready to make more people awesome in their work. With features like tablet compatibility, data model, slicers & timelines, improved UI & color schemes it has quickly become my first choice when I want to use a spreadsheet (I run Excel 2010 & 2013 on same computer).
Are you using Excel 2013, what do you like about it?
Are you using Excel 2013? How do you like it? Which features are best according to you? Please share your thoughts and views using comments.
31 Responses to “Beautiful Budget vs. Actual chart to make your boss love you”
Would be considerably easier just to have a table with the variance shown.
On Step 3, how do you "Add budget and actual values to the chart again"?
There are a few ways to do it.
Easy:
1) Copy just the numbers from both columns (Select, CTRL+C)
2) Select the chart and hit CTRL+V to paste. This adds them to chart.
Traditional:
1) Right click on chart and go to "select data..."
2) From the dialog, click on "Add" button and add one series at a time.
One more way to accomplish it is just select the columns into chart. Press Ctrl+C and then press Ctrl+V
Regards
Neeraj Kumar Agarwal
Unfortunately, this doesn't seem to work for me in Excel 2010. The "Var 1" and "Var 2" columns cannot combine two fonts to display the symbol and the figure side-by-side.
Secondly, there is no option to Click on “Value from cells” option when formatting the label options. The only options provided are Series Name, Category Name or Value.
@TheQ47... the emoji font also has normal English letters, so if you use that font, then you should be ok. I am assuming your computer doesn't have that font or hasn't been upgraded for emoji support.
Reg. Excel 2010, you can manually link each label to a cell value. Just select one label at a time (click on labels, wait a second, click on an individual label) and press = and link it to the label var 1 or var 2.
I am using excel 2010, please explain how to apply Step 12
Regards
Neeraj Kumar Agarwal
Hi Neeraj,
"Value from cells" option is only available in Excel 2013 or above. In older versions, you have to manually adjust the label value by linking each label seperately.
Read this please: https://chandoo.org/wp/change-data-labels-in-charts/
Sir, you are just awesome.
Your creativity has no limit.
Regards
Neeraj Kumar Agarwal
Hi Chandoo,
I just found your website, and really love it. It helps me a lot to be an Excel expert 😉
Currently I am facing with a problem at step 11:
Var1 Var2
D30%
A5%
B0%
B4%
B7%
C10%
C13%
D27%
I42%
Though at mapping table, I used windings, here formula uses calibra. How I can change it? I am able to change only the whole cell. In this case numbers will be Windings too.
Thanks for your help!
Hi Mariann... Welcome to Chandoo.org and thanks for your comment.
If you wanted to use symbols from wingdings and combine them with % numbers, then you need to setup two labels. One with symbol, in wingdings font and another with value in normal font. Just add the same series again to the chart, make it invisible, add labels. You may need to adjust the alignment / position of label so everything is visible.
[…] firs article explains how you can enhance your charts with symbols. You can simply insert any supported symbol into your data and charts. To some extend you can […]
You're a good person, thank you to share your knowledge with us, I will try to do in my work
Great visualization of variance. My question is that is this possible in powerbi?
How would you go about it?
HELLO, WHY CANT I FIND VALUES FOR LABELS IN EXCEL 2013
Dear chanddo sir,
What to do if we have dynamic range for Chart. How this will work. can you able to make the same thing works on dynamic range.
Sir Chandoo,
Good Day!
First, I'd like to say that I am very grateful for your work and for sharing all these things with us.
I tried to do this chart but it seems that the symbols don't work with text (abs(var%),"0%") unless we keep the Windings font style.
The problem is, it converts the text into symbol as well and you wont see the 0% anymore. I'm using Windows 7.
WOW - Segoe UI Emoji
This is the greatest discovery for me this month 🙂 Thanks for sharing.
Here's my two-cents:
https://wmfexcel.com/2019/02/17/a-compelling-chart-in-three-minutes/
Sir This is awesome chart, and very easy to made because of your way to explain is very simple , everyone can do. Thank you
one problem i am facing, I hv made this chart , but when i am inserting data table to chart it is showing two times , how can i resolve this
in this chart when i am adding new month data for example first i made this chart jan to mar but when i add data for the apr month graphs updated automatically but labels are missing for that new month
Hi Renuka,
Please make sure the formulas for labels are also calculated for extra months. Just drag down the series and set label range to appropriate address.
So I am playing with the Actual chart here - but amounts are bigger than your - you have 600 as Budget - my budget is 104,000 - is there a way to shorten that I am unaware of
thank you - I LOVE YOUR SITE
Thanks for the tips and tricks on Excel. In the Planned versus Actual chart examples, you use multiple values (ex. multiple Categories in above). How can this be done when we have only 1 set of values? For example if I have only this:
Planned Actual
SOW Budget 417480 367551
How can I create a single bar chart like the one above?
Thank you Chandoo.
This one is just perfect for my Quarterly Review presentation on Operational Budget against Actual Performance for the Hospital I'm currently working with.
Just Subscribed today (10 minutes ago)
Is there a way to make the table of data into a pivot table to be able to add a slicer for the graph due to many different categories and months?
Hi, I tried to modify you template with something appropriate for me, and I found a problem. this template was modified by me started with excel 2010, then 2016 and finally 2019. Same thing - somehow appear an error - or didn't show the emoticons for positive percentage or doubled the emoticons for some rows. I suspect to be from excel. if is need it I can sand you my xlsx for study. Please help if you can.
Hi Chandoo,
Could you please check the Var Formula in Step1. You have mentioned budget-actual and when i did this i got different values but when reversed like actual-budget i got the actual value what you have demonstrated in step1.
Please share your view.
This is a great chart (budget vs. actual). However, in trying recreate it, I cannot color in the UP Down bars individually, and they all become formatted with the same color. I'm using Office 365. Look forward to the feedback.
Thanks.
Dan
pls explain in detail step 7
While in the Excel sheet you have used following formula for Var
Var = Actual - Budget
But
in the note, you have written
Var = Budget - Actual
Good Presentation and Data information.thank you so much chandoo.