Learn how to create instant profit and loss reports in Excel with just ONE formula! This video tutorial will show you a game-changing technique to simplify your financial reporting and save time. With this powerful formula, you'll be able to generate accurate and up-to-date profit and loss reports in no time. Whether you're a business owner, accountant, or financial analyst, this formula will become your new best friend. Watch now and take your financial reporting to the next level! #excel #exceltips #dataanalysis #excelformulas #pmo #profitandloss
Delivered by @Changetipsandtools
Here is the link to the free downloadable support file so you can follow along: https://drive.google.com/drive/folders/1RfitmU49vzr2BnkZEy3r968MwZGXvT1K?usp=sharing
This video contains:
00:00 - Intro
00:56 - Overview of support file so you can follow along
02:01 - Aggregate our data with VSTACK to create our master data
07:20 - Create source data for dropdown list for our summary report filter
10:12 - Create a filtered version of our master data
15:29 - How to make our VSTACK (master data) dynamic when adding new sales data
17:12 - Build our foundations for a dynamic report the building blocks to a single formula
23:45 - Use HSTACK to get a totals row on our report
25:47 - Build our single formula for our report with the LET function
37:26 - Lets simulate adding more data for a new month of sales data
37:44 - Create dynamic totals as headers for longer reports / lists
40:30 - Create supporting data for our Profit and Loss chart
51:06 - Create our dynamic Profit and Loss Chart