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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...

Y-Axis Alignment
1) Align both Y-axis with the greater value of the two Y-axis.
2) Right-click on smallest Y-axis

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)

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

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

Budget vs Actual Template in Excel - FULL EXPLANATION - Excel Tips and Tricks
https://youtu.be/ix1vJDkDa7c?si=5L2DnZygN0wGvHeJ


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Transcript
00:00If you want to impress someone with your Excel skill, prepare a budget versus actual chart
00:05that looks something like this.
00:07Ready to learn?
00:08Let's go.
00:09First select the month budget and the actual column like this, then you go insert, and
00:14under charts, you're going to insert a bar chart that looks something like this.
00:19Now reposition and resize that bar chart.
00:23Now to overlap the two bar chart together, right click on the orange bar chart here,
00:28click on format data series, and then you're going to select secondary from this selection
00:33here, and you can see that those two bar chart overlap on top of each other.
00:38Next to align the y-axis, you're going to choose the highest value among these two y-axis here.
00:4390,000 seems to be more higher than the 80,000, so right click on the 80,000, and then go say
00:49format axis, and you're going to change this maximum value to 90,000 like this, and hit
00:55enter, and this should look similar to this y-axis here.
01:00Now to make the bar chart stand out from each other, you're going to make one of the bar
01:04chart larger than the other one.
01:07So you're going to right click on the blue bar chart, format data series.
01:11In here on the gap width, you're going to change this to at least 60% so that you can
01:15actually see the difference between budget and actual bar chart.
01:19Next to include the difference column on your bar chart as a data label, first you're going
01:24to right click on the orange bar chart here, and you're going to say add data label, and
01:30this will show the orange value as a data label here.
01:33Now to change this into your difference column, right click on your data label like this, format
01:40data labels, and in here you're going to select values for cell, and you're going to click
01:46this guide, this button here, and select the difference column like this, and hit enter
01:51once and twice, and then after that you should see two values on your data label.
01:56Now to remove the remaining one, you're going to remove value, and basically remove show leader
02:03line like this, and then close that pop-up window on the side.
02:08And to make that label a bit more obvious to read, you can basically go to home when the
02:13dial label is selected, and change this fill color to be yellow, and maybe change the font
02:18color to be red, so that they are a bit obvious to see.
02:21And to seal the deal, I'll remove the chart border, add the chart title as budget vs actual,
02:28then remove chart horizontal lines, remove both y-axis, and then finally change the color
02:35color for the budget bar chart to be light orange.

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