Today I want to introduce Excel 2010 to you. Excel 2010 is the latest version of spreadsheet software from Microsoft, set to be released for sale in late 2010. On Nov 18th, MS released the public beta of Excel 2010 [download here] along with other Office productivity software.
Excel 2010 has several improvements compared to earlier version – Excel 2007. In this post, I want to highlight some of the User Interface improvements made in Excel 2010 that are very exciting and fun to use.
Preview before pasting
This is another cool feature in Office 2010. When you have some data to paste, now you can preview the paste live before choosing an option. See the illustration to understand how this works.
Collapse Ribbon using a button
Now you can collapse the ribbon using this simple button. No need to double click on ribbon menus to collapse the ribbon.
Bye bye Office button, welcome back “File” menu
With excel 2010, MS is bringing back the “file” menu. When I started using excel 2007, it took me a week to get used to the office button. Now, thankfully the file menu is back.
Double click on chart items to format them
With Excel 2010, you can again click on chart items (like labels, data series, axis, titles etc.) to open the format dialog. This is a nice improvement. Of course, the dialogs are still 2007 like.
Search inside filters (oh, this feels recursive)
When you set auto filters in excel 2010, now you can use a little search bar inside the filter to select the items you want to filter. This makes life lot more simpler for those of you aksing questions like “so how many are from alabama?”
Tables show filters even when you scroll down
Another interesting improvement is that when you make a data table in excel 2010, you will see filters and sort options even when you scroll down.
Excel 2010 UI less flashier than 2007
Excel 2010 UI looks considerably better and less stressful than 2007. The colors are dull and subtle. The icons don’t call for attention unless you want to do something. The menus / ribbons feel smoother and slicker. [Learn to use Excel Ribbon with this Free e-Book]
All new print previews
The print previews are now part of backstage. Printing seems much more easier with excel 2010 than earlier versions.
You can customize ribbon
With Excel 2010, you can customize the ribbon very easily (you can do that in Excel 2007 too, but it is bit more intricate). Just go to Excel options and select “customize ribbon” option. You can make your own ribbon menus and add the buttons / tools you prefer.
[Originally this point read “you can select multiple objects…” but as my good friend Jon pointed, it was a mistake. So I have deleted that part and added a new improvement]
You can select multiple objects using mouse, again
In excel 2003 and earlier, if you had to format multiple objects (like charts, drawings, clip arts etc.) you could use the “select objects” from drawing toolbar (the icon that looks like a mouse pointer). Sadly, MS removed this feature in Excel 2007, so to format multiple objects, we had to manually click on each object while holding SHIFT key. Now, the select objects is back. This can be a time saver if you work with several charts or shapes at a time.
Slicers to filter pivot tables with ease
And of course, the much touted slicers. Slicers are easy to use and make analysis more fun. See the demo.
Have you tried Excel 2010 ?
Did you try excel 2010? If not download it from MS site. Give it a try and let us know what you think about it.
What are the features that you liked / hated?
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