We love to compare. The instinct to compare leaves no one. Even my two year old twins compare their toys with each other (and fight).
It would make Excel hugely popular if Microsoft builds a handy data comparison tool right in to it. Alas, they have customizable ribbon, 3d effects & equation editor…
Since comparison is one of the main uses of Excel, we have written extensively about it here.
[Read: Compare 2 lists quickly, Compare 2 lists – detailed tutorial]
But there is always one more interesting comparison problem. Today, I want to share one such problem, based on a comment left by N-Man.
The Problem – Compare 2 lists with another 2 lists
I have to do a comparison between to sets of staff lists, where name that are highlighting in the first list who do not appear in the second list have left the firm, and people highlighting in the second list who do not appear in the first are new arrivals.
To further muddy the issue, when I say ‘list’, what I actually have is one column for 1st names and another for surnames in both instances.
Assuming N-Man managed the cast of Harry Potter movies, may be he was talking about something like this:
The Solution – SUMPRODUCT, Conditional Formatting & Coffee
Lets bring our most important ingredient for this problem first – coffee.
Once you pour yourself a strong cup of this, the solution for our problem should become apparent.
- The first step is to give names to all the four lists. While this is not mandatory, it simplifies our solution and reduces our blood pressure.
- So lets call them list1, list 2, list 3 & list4.
- Now, we need to highlight all items in list1 & list2, whenever they do not appear in list3 & list4. (and vice-versa)
- This is where SUMPRODUCT comes in to picture.
- Assuming the lists are in columns B,C, E,F and starting from row 6,
- =SUMPRODUCT(–(list3&list4=$B6&$C6))=0 will be TRUE if the fist item Minister Rufus Scrimgeour does not appear in second set of lists.
- As you can see, we are exploiting the power of SUMPRODUCT to concatenate both lists (list3, list4) dynamically and check in that for the name in B6&C6.
- So the portion (list3&list4=$B6&$C6) gives us a bunch of TRUE, FALSE values based on the comparison of B6&C6 with in list3&list4.
- The double negative sign — is used to convert a set of logical (boolean) results to numbers (1s and 0s) as SUMPRODUCT is meant to work with numbers, not boolean values.
- Then, we see if the result is 0 (SUMPRODUCT(–(list3&list4=$B6&$C6))=0), to see if there were no matches. Had there been at least one match, the SUMPRODUCT would return a positive number.
But wait, We need to highlight
Since we want to highlight the missing items in each list, we need to use Conditional Formatting and feed this SUMPRODUCT formula to it.
So, select the first 2 lists (list1, list2), go to Conditional Formatting > Add rule.
Select the rule type as use a formula to determine which cells to format
Now, type the formula =SUMPRODUCT(–(list3&list4=$B6&$C6))=0
And set the formatting to whatever you want.
Click OK and we are done!
Apply the same formatting rules for List3 & List 4, but this time the rule becomes =SUMPRODUCT(–(list1&list2=$E6&$F6))=0
That is all.
Download Example Workbook
Click here to download the example workbook to understand this technique better. Examine the CF rules to learn more.
How would you compare?
The problem posed by N-Man mimics many real world comparison problems. You want to compare 2 lists, but subject to some condition. For example you want to see which customer product combinations are new in a particular month (compared to previous month, say). While we can use helper columns & then write simple COUNTIF formula to do the same, using SUMPRODUCT allows us to extend this model in many more ways.
What about you? Do you face similar comparison problems at work? How do you solve them? Please share your techniques and ideas using comments.
Learn More ways to Compare
If your work involves fair bit of comparison & related data analysis, check out these articles to learn more.
- Compare 2 lists quickly using Conditional Formatting
- Compare 2 lists – detailed tutorial
- Compare 2 lists – a special scenario
- Learn how to use Excel Conditional Formatting for comparison and more
- Introduction to Excel SUMPRODUCT formula
- More on comparison, SUMPRODUCT & Conditional Formatting
Want to Learn More Formulas? Join Our Crash Course
If you want to learn SUMPRODUCT and 40 other day to day formulas, and how to use them in situations like this, then consider my Excel Formula Crash Course. It has 31 lessons split in to 6 modules and makes you awesome in Excel formulas.
Now, if you excuse me, I have a comparison problem to solve. My daughter is comparing her hello kitty toy with my son’s scooter and now they are fighting!
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