Pop quiz: What is wrong with below report?
At first glance, it looks alright. But if you observe closely, you realize that it is not telling the entire story. Just looking at regional sales numbers, you have not much clue what is going on with them.
So how to improve it?
1. Add context
In order to know whether a number like $120,000 sales in South is good or bad, you need to provide some context. For example, if you include previous month sales figures, suddenly $120k is comparable to some other number. This tells a better story than a simple number alone.
You can also try these,
- Target values
- Same month last year values
- YTD, QTD values
2. Add % Change
When you have 2 numbers like $120k and $110k in a report, anyone looking at them are going to mentally calculate the % change from last month to this month. This is easy for numbers like 120 and 110, but if your numbers are like 36,450 and 43,150 then calculating % change values will take time.
Why force your audience to do this mental math? Instead show these %s on the report.
3. Highlight bad numbers
Another way to enhance your report is to highlight poorly performing regions. Since each region is different, comparing sales of one with another is not good. But you can compare % change (from previous month / same month last year / targets etc.) and highlight poorly performing regions. This can be done with conditional formatting.
So lets go ahead and do it for our report above.
3.1 Add conditional formatting
Just select the %change column, go to conditional formatting > icon sets > and choose an arrow icon set that you fancy.
3.2 The default formatting kinda sucks
We are not done yet. If you look at the default icon formatting, it looks in-accurate. We are seeing red colored, down-ward arrows even when there is a positive change. And, when the % change is negative, we no longer need minus sign (-) because it will be indicated by down arrow.
3.3 Fix the conditional formatting icons
Select the cells again, go to home > conditional formatting > manage rules. Select the rule and edit it (you can double click on the rule to edit).
Change the rule type as shown below.
3.4 Remove the minus sign
Select the %change column once again, go to format cells (ctrl+1) and set the custom formatting code 0%;0%
This will make sure that even when the percentage is negative, Excel will not show the sign (minus symbol).
Related: More on custom cell formatting in Excel.
So there you go. A regional sales report that tells better story.
Key ideas to keep in mind
In your reports, try to provide as much context as possible. This can be done by
- providing comparisons
- including additional statistics (sum, count, median etc.)
- indicating the time frame of the report
- highlighting bad numbers or areas that require attention
- giving user a choice to change report criteria (interactive features).
Do you follow these principles when making reports or dashboards?
I try to observe these ideas in all my dashboards. What about you? Are you using simple numbers in your dashboards?
Go ahead and tell us how you are making your dashboards better, in comments.
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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.