Budget vs. Actual Charts – 14 Charting Ideas You can Use

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Post updated in May 2018.

Wow, Just Wow. I am thrilled and over joyed seeing the quality and quantity of responses received for our first visualization challenge. There are just too many good responses that dedicated a whole weekend afternoon compiling a post about them.

First let us take a look at the entries, in no particular order. You can click on the image to see expanded version. Also I have added one or two lines for each chart about what is good and what is not so good.

1. 3 colors and everything is clear

3 colors and everything is clear
Submitted by: Gerald

What is WOW about it?
Very easy to understand the values
Shows the differences in % which makes more sense to business users

What is not so wow about it?
Somewhat misleading, since the budget variance is shown in a corner (thus when you have actual as zero, you will see 2 bars, one with budget, one with variance thus confusing the reader that 50% is the variance)

2. A simple budget vs. Actual chart

A simple budget vs. Actual chart
Submitted by: Juwin Thomas

What is WOW about it?
Looks slick

What is not so wow about it?
Provides very little information as no labels are available
Could have used one color for center instead and changed the orientation

3. Creative Options to Visualize Budget vs. Actual Data (1)

Creative Options to Visualize Budget vs. Actual Data (1)
Submitted by: Lee

What is WOW about it?
Very easy to compare trends, for eg. It is easy to conclude that Center 1 is has grown in the last 5 quarters

What is not so wow about it?
Instead of displaying actual-budget, it could have been budget-actual since our data is like that. That way it would have been easy to compare the variances

4. Creative Options to Visualize Budget vs. Actual Data (2)

Creative Options to Visualize Budget vs. Actual Data (2)
Submitted by: Lee

What is WOW about it?
Creative and shows lots of data in one quick snap shot

What is not so wow about it?
Kind of difficult to read and understand

5. Creative Options to Visualize Budget vs. Actual Data (3)

Creative Options to Visualize Budget vs. Actual Data (3)
Submitted by: Lee

What is WOW about it?
Creative and Shows the quarter-wise trend in a different way
Provides average variance and actual/budget %s too

What is not so wow about it?
Could have been better if the both actual and budget values are show how incorporated

6. Simple and Easy to Read

Simple and Easy to Read
Submitted by: MB

What is WOW about it?
Very simple and very easy to understand

What is not so wow about it?
Could have added labels since the gaps are too small

7. Quarter-wise Snapshot of Budget Performance

Quarter-wise Snapshot of Budget Performance
Submitted by: NamKo

What is WOW about it?
Provides all the useful information, budget, actual, budget-actual, variance %s

What is not so wow about it?
It is difficult to see how the centers have performed across centers

8. Center Level Performances Along with Cumulative Values

Center Level Performances Along with Cumulative Values
Submitted by:

What is WOW about it?
Provides a quick snapshot of center level values along with cumulative values
Looks slick
Has an option to add comments


9. Simple and Easy to Read (2)

Simple and Easy to Read 2
Submitted by: Efrit

What is WOW about it?
Uses less color and stresses on actual values in the budget frame
Easy to compare both center-level and between centers

What is not so wow about it?
Since the variances are low, it is difficult to find the values without labels

10. A Pivot Chart show the Budget vs. Actual Performances

A Pivot Chart show the Budget vs. Actual Performances
Submitted by: Jacob

What is WOW about it?
Uses pivot charts to show both center level and cumulative performances
Can be filtered using pivot chart features

What is not so wow about it?
The cumulative values are shown in a smoothed curve, although it is good, it kind of misleads
Labels could have been used as the values are close to each other

11. Simple and Easy to Read (3)

Simple and Easy to Read 3
Submitted by: Michael Podemski

What is WOW about it?
Shows values in tables thus making it easy to read

What is not so wow about it?
The 3d feature of budget marker are kind of misleading as the gaps are very small, could have used a line instead

12. Cumulative Variances along with Budget and Actual Performances

Cumulative Variences along with Budget and Actual Performances
Submitted by: TJ

What is WOW about it?
Shows cumulative variances as well

What is not so wow about it?
Could have used the lesser colors

13. Using form controls and displaying one center data at a time

Using form controls and displaying one center data at a time
Submitted by: D Murphy

What is WOW about it?
Provides all the information for a center quickly
Takes less space

What is not so wow about it?
Difficult to compare the performance of various centers in a quarter
You have to calculate the gap between budget and actual

14. Showing YTD Trends along with budget and actual trends

Showing YTD Tredns along with budget and actual trends
Submitted by: Pablo GM

What is WOW about it?
Looks slick
Provides a variety of information

What is not so wow about it?
Could have used colors instead of gradients
Doesn’t tell the difference between budget and actual in numbers

A Big thank you to all the people who have sent their entries through email and blog comments.

Thanks to readers for constantly checking out the entries and commenting on the ones that needed improvement.

 

Additional Material You Should Check out If you want to Make Charts Like Above:

Thermometer charts in Excel

Target vs. Actual Chart in Excel | Best charts for showing % progress

Stacked Bar Chart Techniques

How to create interactive chart in Excel

Excel Combination Chart Basics

Our Excel Charting Page with a Ton of tutorials and DIY Training Material

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One Response to “How to compare two Excel sheets using VLOOKUP? [FREE Template]”

  1. Danny says:

    Maybe I missed it, but this method doesn't include data from James that isn't contained in Sara's data.

    I added a new sheet, and named the ranges for Sara and James.

    Maybe something like:
    B2: =SORT(UNIQUE(VSTACK(SaraCust, JamesCust)))
    C2: =XLOOKUP(B2#,SaraCust,SaraPaid,"Missing")
    D2: =XLOOKUP(B2#,JamesCust, JamesPaid,"Missing")
    E2: =IF(ISERROR(C2#+D2#),"Missing",IF(C2#=D2#,"Yes","No"))

    Then we can still do similar conditional formatting. But this will pull in data missing from Sara's sheet as well.

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