Build a Dynamic Budget vs Actuals Dashboard on Excel (Variance Analysis)

[@KenjiExplains]

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[@joviestera710]

HI Kenji, Thanks for sharing this awesome video (VA - Actual v Budget). How could I access your course with more Finance & Accounting Reports Models? Thanks

[@manasaprakash6379]

Where was this "no-nonsense guy" all these years? An amazing teaching he does!

[@dominatorgaming2980]

No time waste only to the point this is what today’s audience want to see 👍👍👍👍👌👌👌

[@bchizzle8094]

Great vids - love your content. I really like how you build them all from scratch so we can see the shortcuts that all the pros use as well.

[@KenjiExplains]

Glad you like them!

[@ademolaorolu5930]

Simply, straightforward, concise, and precise. Thank you, Kenji!

[@KenjiExplains]

Thank you for watching! Don't wanna waste people's time :)

[@bpisan]

This is great. My Budget spreadsheet is very similar using a "actual" sheet and the variance dashboard but I start a new one every month, I've never figured out how to stretch it out for a year. Will be incorporating these UPGRADES for sure. Also, love your presentation style - boom-boom-boom. No fluff. Get-er-done!

[@KenjiExplains]

Thanks for the awesome comment! Yeah don't wanna waste your time :)

[@bpisan]

@@KenjiExplains Hey - Curious on your thoughts on this. In my current budget sheet, since I start a new once every month, it's easy to use the expense sheet to also work as a checkbook registry to know current balance at the bank and project future balance once I spend all the budgeted expenses. Do you have any thoughts on how to incorporate something similar into your version?

[@DD-kr8dm]

@@KenjiExplains Help us to sort-out the different years as well. please.

[@ajm12321]

Thank you so much for starting this, Kenji. You have no clue how much you are helping me with Excel everyday. Thank you thank you thank you! ❤️

[@DietricWilliams]

Nice. For the variance I would use the IF statement so that I can keep the formulas consistent down the column. For example, =IF(D3>C3,C3-D3,D3-C3)

[@moneyspiderapp]

For years, I used to use excel and google sheets to budget and forecast my finances. This year, I released an app that does it for me with minimal maintenance. Give Money Spider and Money Spider Lite a try on Android.

[@sireeshaprakhya6075]

Just awesome. After a long time, watched worthy video with no timepass. Thanks a lot for sharing your knowledge.

[@sherlinejeanbaptiste9443]

This is one of the best Video I have seen. You did a great job in that file.

[@mathew9665]

I've built a number of budget vs actual reports - I would suggest, firstly using full contiguous data both for the budget and actual - then create a simple data model and pivot report - this can be built to be fully automatically updated If you have your data in segments like shown here, it makes it more manual and time consuming I do love the visual style however

[@thinkexcelmedia5048]

Thanks This was very useful for me and will apply in my job as finance officer

[@KenjiExplains]

Awesome!

[@PritamBiswas-h9i]

Thanks mate Kenji, it did help me building my company budget vs actuals. Appreciate it!!

[@ubaydahalzaim]

Thanks Kenji You are awesome, you are master at what you do, and I can catch up the idea from first time. Big thanks

[@DONNAVO-n5p]

I am from Viet Nam country, So I thank you for your videos.

[@solomonhailemelekot7030]

Thank you, Kenji! u save my life in the mid night

[@mindyourown6320]

Awesome video, I really enjoyed it having terrible flu rn I was able to get all information, informative and very easy to follow step by step

[@aratipatil1061]

It’s little fast you have to reduce speed. Except speed the video is informative. Thank you for sharing.

[@paulcompetente4329]

Love your contents bro👌 really love how straight forward, clean and how comprehensive they are. I'm a fan of your work, keep it up✊

[@KenjiExplains]

Really appreciate the comment Paul! thanks for taking the time :)

[@Chuulip]

Love the content but unless one is already a little more advanced in excel (at which point one probably knows all this already) it's impossible to follow, especially with the amount of shortcuts. A beginner doesn't need to know these, a beginner needs to understand what they are doing there. I've been studying excel for a while so I was only a little lost. It was very helpful for me thank you!

[@muhammadtariqkhan6467]

thank you so much ... Keep it up sir.. i have learnt INDEX MATCH AND SUMIF At once . thanks

[@mohammadshafeeq3471]

Could you please do a series on Financial Modelling Basic to Advanced

[@dominatorgaming2980]

Very informative video, I like your video, and what you are teaching is practical since I also use this in my work.

[@maimisa]

Great Insights and Thanks for the Video....

[@michaelquach7046]

Love the today function and conditional formatting!

[@KenjiExplains]

Glad you like it!

[@crayons793]

My favorite is autosum. Very underrated.

[@vickyk2588]

Realky helpful Kenji .. i learnt a few new things like shortcuts and index fornula as well as use of text formula a bit better

[@valerievicari251]

This is great!! I completed this exact budget vs actual but did not realize at the time the issue I now have with being able to keep my notes. For example, I need to be able to use this same format but each month have my notes per line item. How do I create notes for each month and have it change to the appropriate month along with the data when I use the drop down.

[@AbhilashKaricheri-d6z]

Hey Bro, your teaching is so impressive, subscribing your channel for more information, thanks a lot.😊

[@samuelkim4683]

Hi Kenji, Thank you for this tutorial!

[@KenjiExplains]

thanks for the comment Samuel!

[@samuelkim4683]

@@KenjiExplains I implemented it today at work. I showed them your video and where i got the idea from :) thank you again, boss

[@ibrahimabellabah3042]

Great video, thanks for your perspective and intellect.

[@joyiheasimuo1459]

Thank you, thank you, thank you !!! Fantastic videos.

[@mamonaislam6646]

Please make a video for budget and forecasting of an NPO . Thanks

[@czache]

Really helpful and explanation is easy to understand

[@Abby-gv2vg]

Thank you so much Kenji! You are a genius! Can you make some cash flow forecasting template too? Thanks again!

[@shark25fhayzal]

hello, kenji your contents are really helpfull i enjoy learning from them..... but for this specific dashboard, how can i make the variance for years and choose between them !!! Thank you

[@okinedobenedict2453]

Great video brother, its super helpful, so excel could do this, wow

[@sanjidasarker6547]

Very helpful vdo Thank you I was searching for this

[@hunterburns]

Splendid boss!!! Keep it up and keep giving us more important stuff just like this ahead 💖💖💖

[@KenjiExplains]

Thanks! More to come hopefully :)

[@richsmolenski5345]

Great easy to understand video

[@carmengloriamansilla7478gkj]

que excelente ayuda! mil gracias desde Rancagua-Chile

[@RachelPeacock-o7e]

Hi, love the video and your quick shortcuts to help put it together, but your Var.% at 9:52mins are confusing. Surely for Utilities, a budget of 112 and spend of 140 is a 25% overspend (not a 20% overspend as your spreadsheet shows)?

[@joym.2370]

wow easy to follow thanks kenji!

[@anthonymukundi8604]

Thanks for putting this together. This is very helpful.

[@sambagnokane6756]

Really love your content Kenji! I just secured an internship this summer because of your video. I learnt a lot. Please keep it up. Also, do you have any suggestions about how I should behave during the internship? Should I ask a lot of questions or be prepared with everything? The position is within an accounting firm in Nyc. Looking forward to your reply!

[@KenjiExplains]

That's awesome to hear congratulations!!! Regarding your questions, I think it's good to ask questions (shows you're passionate) and you'll learn a lot more than if you're just quietly sitting on the sidelines. Also, you come across as more humble than somebody who thinks they know it all...hope this is helpful! Best of luck with the internship :)

[@YasinKhanKarlal]

Love to see your content its really means a lot

[@muhammadalbikasim8478]

Love your content. Very applicative as I work in finance & accounting dept. You got nu subs bro!

[@anv.4614]

Great lesson. Thank you, Kenji.

[@liamwilliams8586]

Love your style and pace is perfect. How to use these keyboard shortcuts on a Mac?

[@ahmedal-khadouri2354]

Amazing,, Could you please do a dynamic annual budget for startup company video ? Thanks. Keep it up

[@KenjiExplains]

Noted thank you for the suggestion!

[@designerdeck4042]

great video, just having some issues replicating your examples on my own sheet. Would you be able to help if I sent you my file?

[@Mazefvlog]

Interesting and informative. Thanks for sharing

[@kamalraj2050]

This is a absolutely sweet video

[@JamieElgie]

So much more easily done with a pivot table.

[@zootubia]

Thank you. This is very helpful.

[@KenjiExplains]

You're very welcome!

[@MariaGarcia-gv8hj]

*When it comes to investing, I'm so ignorant about it, I hereby ask; What's your say or thought for anyone with over $20k looking for the best ways to make good returns off it? I will appreciate any help here on how to do this*

[@MariaGarcia-gv8hj]

@Lucy Bernardi Interesting, I've always been fascinated with investing and I need to start now. Could you possibly give more information on your Investment Professional and how I can reach out to her?

[@i123456987654]

yay another video...don't forget to say to like and subscribe at the end

[@Rivers93Kg]

and in the begining

[@KenjiExplains]

hahahah hope you don't mind...helps out with the algorithm!

[@charlesjohnzerna6028]

Hi Kenji, thanks for this video man it sures help a lot. Quick question is there a way on how I could calculate the total ACTUAL savings instead of just showing how much you save per month?

[@SceptiCbullseye]

Exactly what i needed!!!

[@itsruthiebabyyy]

This is great! Thanks

[@naclnaclnacl]

great content it really helps familiarise with different excel functions

[@KenjiExplains]

Glad to hear that!

[@hieracity]

I follow that showing Utilities as unfavorable $28 makes more sense but when looking at the % change, it goes from 25% change to -20% change. I follow the mathematical change but conceptually, is it right to say that my variance is off by 25% or 20%? Especially since on the income side we are using Actual as the base whereas in the Expense you are using Budget as the base. Thanks!

[@skirolf]

Very nice xls file you ender up with. What about add a sheet with all the records pr category? How do you solve that?

[@authenticreviewerjeddah4272]

Great work thank you, one question how can i add also the organization’s in the excel ? for example i want to know the spend of each org in a month for an item.. thank you ..

[@jp9249]

That’s it’s freaking awesome 😎, Do you the spreadsheet available?

[@KenjiExplains]

Thanks! It's in the description

[@hemihong4664]

Hi Kenji, thanks for great video, i want u to make a video talking about Data analyst and Mart document and do the report use by pivot and vlook up. please.

[@angelclarke1942]

great explanation!

[@KeyserTheRedBeard]

astounding upload Kenji Explains. I smashed the thumbs up on your video. Maintain up the superior work.

[@KenjiExplains]

haha love to hear it! Thanks for the comment :)

[@KeyserTheRedBeard]

@@KenjiExplains no problem at all. always happy to support my fellow content creators. i am looking forward to improving on my own current video format i have uploaded and, in the future, trying to create content as good as yours in the long term.

[@kumaranshuaki]

Hey Kenji, Can you please create dashboard for warehouse inventory analysis......It will be a great help for us. Want to know consumption patterns of consumables with help of Excel, ageing analysis report. Need one complete video on that topic.

[@viniciusconograi5343]

Thanks for the videos helping out a lot!

[@KenjiExplains]

Glad you like them!

[@montylmontealto]

Great video, Kenji. More power. :)

[@shijicsam6043]

Hi, Kenji. If possible can u make a video in Company Annual Budget vs Actual variance dashboard like this

[@alibouhaddou5233]

Great tutorial, thank you so much!

[@KenjiExplains]

Glad you enjoyed it!

[@ektahajare6987]

Hello Kenji , Thank you so much for starting this is very helpful , I'm working on this Excel sheet but I'm getting error when using index match its showing #N/A how to resolve this error?

[@yasirbinmusleh4931]

same problem with me

[@dhaval1489]

index Match & Sumif I would prefer Filter & Sum(Filter), simpler and cleaner

[@sininv1]

hi can u show how to display selecting 3 years and month and category? thanks

[@PatrickAmharc]

Some good stuff spoiled by hold standards - index/match in 2022?

[@SiaosiMaka]

you use inex-match function often. Why not use xlookup instead? just curious

[@KenjiExplains]

Hey! xlookup wouldn't have worked as there were both a row and a column variable that we needed to account for (date + line item)...the xlookup formula is very easy & convenient to use though!

[@SiaosiMaka]

@@KenjiExplains Thanks for the reply. However, xlookup would work. You would just use xlookup within itself.

[@LoveYourFamily2]

@@SiaosiMaka i actually like that he uses index-match, because i have excel 2016, and unfortunaltely xlookup would not work for this version. But now i have a full tutorial for my dashboard. Lucky me. 😀

[@AliAsghargohar]

Hi! Good work

[@Wilson.341]

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[@Eric.698]

Stocks are good but Crypto is better

[@BeatriceSawin]

Great content, but it just feels like I'm in a F1 race.

[@willzinner8813]

nice vid as always sir dont stop

[@KenjiExplains]

More to come!

[@mochamadreza2411]

Hello there Kenji, nice video Kenji, really useful and helpful. Can you do another video on how to shows multiple month on the dashboard? It would be really nice to know how to do that. Thankyou in advance!

[@KenjiExplains]

Thank you! Check out this video I made here for a more advanced budget dashboard: kzbin.info/www/bejne/eqCWpIJ8o95oftU

[@mochamadreza2411]

@@KenjiExplains Ohhh sorry, didn't realize you've uploaded a new video. Thankyou anyway Kenji! I will definitely watch that video

[@nasirumar007]

Heey... Amazing video, especially with the short cuts. Are you FMVA?

[@KenjiExplains]

Thank you! Sorry not sure what that means haha??

[@Kamalotfy8701]

Thank you thank you ❤

[@maxamedabdullahi4418]

Sir, do you have vedios for excel accounting in a package?. I am gonn buy for you?. This is one is too difficulty and i want sequence lessons?.

[@ClassyNapkins]

I subscribed just because of your sheer knowledge of shortcuts 🤯

[@wd7056]

Have you found a good automated way to do this for personal P&L/BS, and but also showing gross income and gross taxes paid? All normal tools just grab net pay from bank activity

[@daniel-kr3xh]

Hi Kenji, great vid - I was wondering if this 'comparison' graphing could be done where there is a CHOOSE used in the data? i.e. could I have a graph comparing multiple scenarios without typing each set of resulting values out as you have in the budget vs analysis?

[@cuqier5889]

5:31, i wonder how it would be done with those common accounting representations via codes with instruction (which code responds to which thing on other sheet page) and dispersed version of variables for SUMIF without months names repeating itselfs. Another Match or Index?

[@golamkibria466]

Would you please share the row data spreadsheet so that we can practice accordingly?

[@jorgecarrera1914]

no sé porqué yt me recomendó esto, pero grande el fargan

[@Ahmeda56]

thank you 😇

[@newbieexcel94]

Love this channel ..

[@KenjiExplains]

Thanks!

[@marysemure4529]

Thanks for the video, when I tried to make the actual date at 12:50 my excel can't accept cause the formula isn't on the list that we take how i do it then ?

[@geegab5178]

Fantastic.

[@Deivid8525]

very cool and useful, thanks

[@KenjiExplains]

Glad it was helpful!

[@ali8bilal]

Brilliant 👏

[@faseehhashmi9847]

Magic Man..!!