Budget vs Actual Template in Excel - PART 1 - Excel Tips and Tricks

Learn how to create Budget vs Actual Template in Excel.

To effectively manage financial performance, utilizing a Budget vs Actual template in Excel is essential. This template allows users to compare planned budgets with actual expenditures, providing a comprehensive overview of financial performance. To create a cost comparison chart in Excel, begin by organizing budgeted and actual data in a spreadsheet. Next, select the data and insert a bar or column chart, making sure to differentiate between the budgeted and actual values. Similarly, comparing two sets of data in an Excel chart involves selecting the relevant data series and using Excel's chart tools to visualize the disparities. For a step-by-step guide on creating an actual vs budget chart in Excel, one can start by entering budget and actual figures into separate columns, selecting the data, and choosing the appropriate chart type. Presenting budget vs actual analysis involves summarizing key findings, emphasizing variances, and using visual aids like charts for clarity. By employing these Excel techniques, users can streamline financial analysis and enhance decision-making processes.

Here are the steeps outlined in my video.

Add Bar Chart
1) Select Month, Budget and Actual columns.
2) Insert ~ Charts ~ Clustered Columns.
3) Reposition and resize.

Overlap Bar Charts
1) Right-click the "Actual" bar chart (ORANGE).
2) Format Data Series...
3) Secondary Axis

Y-Axis Alignment
1) Align both Y-axis with the greater value of the two Y-axis.
2) Right-click on smallest Y-axis
3) Format Axis
4) Bounds Maximum = 90000

Actual Vs Budget
1) Right-click "Budget" bar chart (BLUE).
2) Format Data Series...
3) Gap Width = 60%

Display Diff Value
1) Right-click the "Actual" bar chart (ORANGE).
2) Add Data Labels.
3) Right-click on the Data Labels.
4) Format Data Labels
5) Value From Cells
6) Select "Diff" column.
7) Enter (2x)
8) Uncheck Value
9) Uncheck Show Leader Lines.

Format Diff Data Label
1) Change fill color
2) Change font color

Remove Chart Borders
1) Right-click on the chart.
2) Format Chart Area...
3) Border
4) No Line

Delete Y-Axis
5) Delete all y-axis
6) Delete horizontal grid lines

Change Chart Color
7) Change bar chart colors.

🔗🔗 LINKS TO SIMILIAR VIDEOS 🔗🔗
Budget vs Actual Template in Excel - PART 1 - Excel Tip and Tricks
https://youtube.com/shorts/L2e6GdtUnDc?si=_S31kSW0rpfy1kxB

Budget vs Actual Template in Excel - PART 2 - Excel Tip and Tricks
https://youtube.com/shorts/CzocGA4gFVw?si=BEst0P2-SnQCL0yx

Budget vs Actual Template in Excel - FULL EXPLANATION - Excel Tip and Tricks
https://youtu.be/ix1vJDkDa7c?si=5L2DnZygN0wGvHeJ
#shorts #microsoft #excel #microsoft #tiktok #shortvideo #howto

Видео Budget vs Actual Template in Excel - PART 1 - Excel Tips and Tricks канала Rabi Gurung