Did you know that you can create budgets in Power BI in three different ways? Let us explore each of them.
Let us quickly explore the different budgeting methods and philosophies including top-down, bottom-up, incremental and zero based budgeting.
Almost every professional working in sales, operations, or finance has used a monthly tracker in Excel with categories in rows and months or weeks across columns. Most times, this template is used to compare actual performance to projections. We are going to see how you can create such a template in Power BI, with the […]
We often hear about budgets, plans and forecasts, and may have wondered – how are they different? Well, let’s take a quick look. Budget vs. Forecast: A quick definition A budget is a goal (or an expectation) set by a business for an upcoming financial cycle. For example, ACME Corp finalized its annual budget for […]
In Microsoft Power BI, you may often encounter incorrect total values while using calculated measures. Here is one such example. We have budget amounts for a few products (Budget Amount) and have incurred expenses against each (Posted Expenses). Our objective is to calculate remaining budget in a new column, and add them up. Let us […]
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