How to: sharing trip expenses using excel

Share

Facebook
Twitter
LinkedIn

Yesterday we were calculating our Washington trip expenses and it occurred to me that if there is an excel template where I could enter the trip expenses and who paid what to find out how much we need to pay up / collect, it would be great. I looked around for few seconds, couldn’t find anything. So I went ahead and built expense sharing worksheet on google docs. Feel free to use it for sharing your trip / party / picnic / apartment expenses.

Here is how I have done it.

Sharing Trip / Party / Picnic / Apartment expenses using Excel

  • First I have created a list of people who need to share. Just for simplicity I have limited the no to 10. You can edit the excel and change it if you want.
  • Then I have created an expense table like the one shown below. The requirements for this are simple, (1) should be able to capture descriptions of each spending (2) should be able to specify who footed the bill (3) should be able to mention the amount (4) should be able to exclude people from sharing a particular expense. Again, for simplicity sake I have limited the number of people who can be excluded from sharing an expense to 4. You can always edit this and change the formula accordingly.

    Sharing Trip / Party / Picnic / Apartment expenses using Excel

  • Now next to the list of people I have added 3 columns to show (1) how much that person has already paid (2) how much is his/her share (3) what is the difference.
  • The formula for (1) how much already paid is straight forward sumif(), the formula for a particular person’s share is something like this,

    If the row has a person
    (total expenses / no.of people) – (total expenses excluded for this person / no. of people)
    else “0”

    The actual formula involved sumif() over the four columns since each expense can be excluded for maximum of 4 people.

  • Once I have entered data the output looked something like this,
    Sharing Trip / Party / Picnic / Apartment expenses using Excel
    Hence both Yerry Jang and Dointy Paired Hilbert need to collect 237 $ and 90 cents from Barren Wuffet, Gill Bates and Beff Jezos put together. Not bad 😉

How to use it?
Just save the expense sharing excel sheet from google doc [or download the expense sharing excel sheet] to your machine / account. Enter the expenses in columns B,C and D. Enter the people names in column L. Incase you need to exclude any one from a particular line item, just enter their number (it will be next to the person’s name in column K]. As you enter the expense details, the Column O displays the actual dues.

Feel free to comment / extend / share / suggest. Your turn…

Facebook
Twitter
LinkedIn

Share this tip with your colleagues

Excel and Power BI tips - Chandoo.org Newsletter

Get FREE Excel + Power BI Tips

Simple, fun and useful emails, once per week.

Learn & be awesome.

Welcome to Chandoo.org

Thank you so much for visiting. My aim is to make you awesome in Excel & Power BI. I do this by sharing videos, tips, examples and downloads on this website. There are more than 1,000 pages with all things Excel, Power BI, Dashboards & VBA here. Go ahead and spend few minutes to be AWESOME.

Read my storyFREE Excel tips book

Overall I learned a lot and I thought you did a great job of explaining how to do things. This will definitely elevate my reporting in the future.
Rebekah S
Reporting Analyst
Excel formula list - 100+ examples and howto guide for you

From simple to complex, there is a formula for every occasion. Check out the list now.

Calendars, invoices, trackers and much more. All free, fun and fantastic.

Advanced Pivot Table tricks

Power Query, Data model, DAX, Filters, Slicers, Conditional formats and beautiful charts. It's all here.

Still on fence about Power BI? In this getting started guide, learn what is Power BI, how to get it and how to create your first report from scratch.

14 Responses to “Group Smaller Slices in Pie Charts to Improve Readability”

  1. jerome says:

    I think the virtue of pie charts is precisely that they are difficult to decode. In many contexts, you have to release information but you don't want the relationship between values to jump at your reader. That's when pie charts are most useful.

  2. Martin says:

    Chandoo,

    millions of ants cannot be mistaken.....There should be a reason why everybody continues using Pie charts, despite what gurus like you or Jon and others say.

    one reason could be because we are just used to, so that's what we need to change, the "comfort zone"...

    i absolutely agree, since I've been "converted", I just find out that bar charts are clearer, and nicer to the view...

    Regards,

    Martin

  3. [...] says we can Group Smaller Slices in Pie Charts to Improve Readability. Such a pie has too many labels to fit into a tight space, so you need ro move the labels around [...]

  4. Jon Peltier says:

    Chandoo -
     
    You ask "Can I use an alternative to pie chart?"
     
    I answer in You Say “Pie”, I Say “Bar”.

  5. Karl says:

    This visualization was created because it was easy to print before computers. In this day and age, it should not exist.

  6. DMurphy says:

    I think the 100% Bar Chart is just as useless/unreadable as Pies - we should rename them something like Mama's Strudel Charts - how big a slice would you like, Dear?
    My money's with Jon on this topic.

  7. Mark says:

    The primary function of any pie chart with more than 2 or 3 data points is to obfuscate. But maybe that is the main purpose, as @Jerome suggests...

  8. Chandoo says:

    @Jerome.. Good point. Also sometimes, there is just no relationship at all.

    @Martin... Organized religion is finding it tough to get converts even after 2000+ years of struggle. Jon, Stephen, countless others (and me) are a small army, it would take atleast 5000 more years before pie charts vanish... patience and good to have you here 🙂

    @Jon .. very well done sir, very well done.

    good points every one...

  9. Tim Wilson says:

    I've got to throw my vote into Jon's camp (which is also Stephen Few's camp) -- bars just tend to work better. One observation about when we say "what people are used to." There are two distinct groups here (depending on the situation, a person can fall in either one): the person who *creates* the chart and the person who *consumes* the chart. Granted, the consumers are "used to" pie charts. But, it's not like a bar chart is something they would struggle to understand or that would require explanation (like sparklines and bullet graphs). Chart consumers are "used to" consuming whatever is put in front of them. Chart creators, on the other hand, may be "used to" creating pie charts, but that isn't an excuse for them to continue to do so -- many people are used to driving without a seatbelt, leaving lights on in their house needlessly, and forwarding not-all-that-funny anecdotes via email. That doesn't mean the practice shouldn't be discouraged!

  10. [...] example that Chandoo used recently is counting uses of words. Clearly, there are other meanings of “bar” (take bar mitzvah or bar none, for [...]

  11. Good article. Is it possible to do that with line charts?

  12. Michaela says:

    Hi,

    Is this available in excel 2013?

Leave a Reply