Finex Skills Hub

In today's fast-paced business environment, having a clear view of your financial performance is crucial. One of the most powerful ways to achieve this is by creating an Actual vs. Budget dashboard. Here’s a step-by-step breakdown of how you can leverage Excel's robust features to build a dynamic and insightful dashboard:



💡Data Sources: Start with your Actual and Budget data. Structuring your data is key!



💡Tables: Convert this data into tables for easier manipulation and transformation.



💡Power Query: Use Power Query to clean and transform your data. In Power Query you can draw dimension tables like Departments, Categories, Scenarios and a Calendar Table to provide context and filters for your fact tables: Actuals and Budgets.



💡Power Pivot: Load the transformed tables in Power Pivot to help you create a comprehensive data model that supports advanced data analysis.



💡Data Model: Your data model links the various tables together using common columns (relationships), enabling complex calculations and a holistic view of your financial data.



💡Advanced Calculations: Utilize DAX (Data Analysis Expressions) and Cube Functions to create custom calculations and enhance your data analysis capabilities.



💡PivotTables: Summarize and analyze your data interactively with pivot tables, which form the backbone of your dashboard.



💡Dashboard: Visualize your data with charts and slicers. Create an engaging and interactive dashboard that provides clear insights into your financial performance.



By following these steps, your dashboard gets updated when new data comes in and you can transform your raw financial data into actionable insights, helping your organization stay on track and make informed decisions. 🌟

Watch out for the full video on this on our channel soon:



Let's harness the power of Excel to turn data into actionable insights!


#Excel #PowerQuery #PowerPivot #DataAnalysis #Dashboard #FinancialInsights #DAX #BusinessIntelligence

1 year ago | [YT] | 3

Finex Skills Hub

The Finex DASH-A-THON. Coming soon!

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Finex Skills Hub

Wishing you a fruitful 2024!

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Finex Skills Hub

Merry Christmas. Wishing you the love, joy and peace the birth of Christ brings!

2 years ago | [YT] | 5

Finex Skills Hub

Data Modeling with Excel: A comprehensive guide on how to model and analyze data using Power Pivot, DAX and Cube Functions is out. This is a practical book for Excel users looking for hands-on and effective methods to manage and analyze large volumes of data within Microsoft Excel using Power Pivot. If you are new or already conversant with Excel’s Data Analytics tools, this book will give you insights into practical ways to apply Excel’s Power Pivot, Power Query, DAX and Cube functions to save you time on routine data management tasks.

If you work with Data and Excel, Data Modeling with Microsoft Excel will add great value to your work: Click here to order: packt.link/RcnvR

2 years ago | [YT] | 13