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Here I’m going to show you how to use the function AVERAGEX with DAX in Power BI. You may watch the full video of this tutorial at the bottom of this blog.

By learning and understanding how to use this function, you very quickly open up a range of analysis that can be incredibly insightful and valuable.

Maybe you want to work out the average sales you make per day, per month, per customer, and so on. There are so many applications for this that it’s crazy.

And don’t forget, you can then branch out into time comparisons and time intelligence analysis.

In this example, we’re going to work with something that can be easily applied in almost any model. We’re going to calculate the average sales per day for particular customers using AVERAGEX with DAX.

Before we actually calculate our average sales per day, let us first take a look at our data model in Power BI so that we can have an idea what we are working with.

So, we have an organization that is making sales and the data is in the sales table.

This organization makes sales on any particular day and the data for this can be found in the dates table.

They are selling to any particular customer, different products and they can sell in a range of different regions. The data for these three can be found separately in the customer table, products table and the regions table.

Using the information from our data model and the measures already available, let us analyze our total sales by customer.

Our table will look like this one below. So we have total sales and they are arranged by customer names.

Then let us turn it into a visualization. Here we can see the best as well as the worst selling customers of the organization.

Now, we can take a look at how much we sell per day to each customer.

What we need to do is for every customer, is to iterate through every single day then average the sales amount for those particular customers over that entire duration.

The way to do this is to use AVERAGEX and the VALUES function with DAX.

So let us create a new measure and call it Average Sales per Day.

Then we’re going to add AVERAGEX because we need this iterating function. AVERAGEX is going to iterate through every single day.

And then we’re going to put in VALUES, and the Date column in there. This is actually how we iterate through every single day.

What VALUES does is it creates a virtual table of just the Dates column, and then it says in the current context which is a particular customer, iterate through every single day.

Then we’re going to add Total Sales. Once we’ve calculated all of the total sales, we’re going to average them using AVERAGEX.

Our formula will then look like this one below.

Now, if we bring in the Average Sales Per Day into the visualization, we can see, on average, how much we sell per day to each particular customer.

We can even turn on the data labels to have an idea about the average sales figures.

Another cool thing that we can do here is that we can also change the time frame.

To do this, we can drag in our MonthInCalendar so we can have the month and year.

Then we can turn it into a slicer.

Now, we can see the average sales per day from each of our customers in a particular month and year.

What’s really cool is that this is a dynamic way to look at this calculation.

As you can see in the image below, when we select August 2014, the visual shows the data for this time frame.

Now, when we select September 2014, our visual shows the average sales per day by customer for this time frame.

To really understand how AVERAGEX and the VALUES functions work here, let us quickly review what is happening in our example.

First, let us turn our visualization into a table so that it’ll make more sense.

And again, let us take a quick look at our formula.

Now, we have here our different customers. For the Burt’s Corporation for example, we are iterating every single day. This is within January 2023 because we have this selected in our slicer. Then we calculate the total sales for every single day.

Once all of the sales per day are calculated, the AVERAGEX comes in and averages them.

And this is what happens for every customer that we have in this particular example.

Once we change the time frame, let’s say February 2023, it will do the same calculation but this time within this new time frame.

If we did not select any time frame, it will then iterate through every single day in the date table.

Another thing that we can do here which, again, you will find seriously cool is using the exact same formula against a different dimension.

First, let us duplicate our Average Sales per Day table.

Then, let us have a look at the average sales per day for each city.

And just like that, our table is now sorted per city.

Then again it’s dynamic. Currently we are showing the February 2023 data.

We could do it again against any dimension that we have. We’ll use exactly the same formula and it will work perfectly for all of those dimensions.

In this post, we have seen how to calculate the average sales per day for particular customers using AVERAGEX with DAX, and combined with the VALUES function.

For more DAX function tutorials, check out the links below.

All the best!

Sam

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## Building Data Dimensions In Power Bi

In today’s blog post, I want to discuss how you can build additional data dimensions in Power BI.

These dimensions can help you filter your data in different ways. On top of that, these dimensions can help you come up with intuitive visualizations later on.

This is also the reason why you need to set up your data model in the best possible way. As I have mentioned in the previous tutorials, you should separate the lookup tables and the fact tables. This way, you can set up additional data dimensions when needed.

Now, I want to show you the scenarios where you need to add other dimensions.

First, I have this Product Name column in the Products table. The products listed here are filtered by their product names.

However, there will be times when you want to group the products based on revenue or margins. Because of that, you need to add a new column and place it in a table.  This is where you need to create additional dimensions that you can use to run intermediary calculations.

If you look at the table more closely, you can see that the only product-related column is the Product Description Index.

After that, you should name it as Product Sales. This column will show the total revenue for each product under the Product Name column.

Now that you have the total revenue, you need to add another dimension for the product groupings.

If the sales are greater than 10 million, you can classify them as Good Clients. If the sales are less than or equal to 10 million, you can classify them as Ok Clients.

Lastly, add BLANK in the last part to close the formula.

Since you have created the Client Groups column, you can now create a relationship to the Sales table.

You can now filter any calculation using the additional dimensions in the Products table. Without them, you will need to run your calculation using the thousands of rows in the Sales table.

Additional columns are important because they help you do more efficient calculations. They can also speed up Power BI’s performance compared to doing a calculation inside a huge table.

Another way to deal with your dimensions is to hide irrelevant columns in the report view.

In this example, you need to hide the Product Sales table because you only need to show the different client groups in your report. You should also hide the Index column because it’s not relevant in the report for client groups.

In the report view, you only have to show the Good Clients and Ok Clients data. This means you’ll have to utilize the Client Groups column as a filter and slicer.

In the Client Groups slicer, you can make the report dynamic by selecting either Good Clients or Ok Clients.

Since the other columns are hidden, you can’t see it in the report view.

The hidden Index and Products column were only useful in creating the relationship for the other data dimensions, but it’s irrelevant to show them in the visualization.

You can apply this technique to other similar scenarios that you will encounter when creating visualizations.

I have discussed a number of data modelling techniques that are important. I hope you get to master these techniques and apply them every time you work inside the data model area.

As I’ve said before, you need to build your data model in the best way possible so you won’t have any problems when doing your calculations.

Cheers!

Sam

## Financial Year Dynamic Filtering In Power Bi Reports

In this tutorial, I’ll discuss how to display information based on financial year within Power BI reports. However, this analysis is a bit complex. This is because it has different customers and each of them has a different financial year. You can watch the full video of this tutorial at the bottom of this blog.

I have made up an example where I can select different customers. When I select different customers here, they all have different financial years. Some of them might be between March 2023 to February 2023 or July 2023 to June 2023.

In this example, I slimmed down the Date table. So, this displays data by day instead of by month and year.

Now, let’s have a look at the data model where I need to solve this particular scenario. This contains customers (Customer_List), dates (Dates), and our customer data (Raw_Data).

In this example, the Raw_Data table has Date, Customer ID, and Amount columns.

The Customer_List table is where I can set up a parameter that shows the starting month of the customer’s financial year. This table contains Customer ID, Customers, and the FY Start Month columns.

The FY Start Month column is where I can put a number as a metric of when the financial year started in a particular month. Hence, Google is in March, Microsoft is in June, and Salesforce is in September.

This might look like I have to do something complex such as creating multiple date tables or multiple financial year columns in one date table. But I’m going to use a formula with a simple setup.

The key thing to note here is that instead of doing anything in the Dates table, I created a new table called Financial Years.

I created this table because I need to capture a value based on a selection here.

The Financial Years table is quite simple as it only has the Fiscal Year and the Fin Yr column. I consider this as the supporting table.

I’m going to use some of the selections or metrics that are within this table in a formula to create a dynamic calculation.

Keep in mind that the Fiscal Year slicer here is coming from the table that I created (Financial Years). It has no relationship to the data model.

By default, the Total Amount by Date visualization is displaying everything.

On the other hand, the Amounts by FY by Date displays the results based on the selections from the slicers. In this example, it only displays the financial year 2023 (FY20) for Microsoft.

So, how can I achieve that dynamic financial year calculation results in the Amounts by FY by Date visualization?

In order to display a dynamic financial year result, I created some calculations where I can dynamically find the Start Date and End Date when having selections via the Customers and Fiscal Year slicers.

If I can find that, then I can dynamically blank out all the dates that are outside of that start and end date.

Bear in mind that if you can blank something out, then it’s not going to appear in your visualization.

This particular formula is one of the techniques on how to do that calculation.

Before I proceed with the step-by-step discussion of the formula, I’ll duplicate the Total Amount by Date visualization first and display it as a table. I also added the Amounts by FY table here so I can easily show you what I’m trying to do.

Then, I’ll sort the Date column here and set it to “Show items with no data”.

If I scroll down in this table, you’ll see that the first data point in this particular month for Microsoft’s financial year is on June 7, 2023.

Now, I’ll change the selection in the Customers slicer to Salesforce.

You’ll then see that the dates have changed. Noticeably, the FY Start Date is now September 1, which is the start date of the financial year for Salesforce in this particular example.

So, how did I create that Start date and End date calculations?

Let’s now analyze the start date (FY Start Date) measure.

In this formula, I’m trying to find the inputs for the start date. I used the DATE function to get the year (FiscalYearSelected) and the start month (FinancialStartMonth).

When I’m selecting a customer, I have a column that has the financial year start month (FY Start Month column) under the Customer_List table. Basically, I’m just capturing that information here.

Remember that in the supporting table (Financial Years table) I created, I had a column that returns the actual year (Fin Yr column). So, I can just select an option from the Fiscal Year slicer.

Then, I can easily capture that year’s value here.

After that, I’ll input the FinancialStartMonth and FiscalYearSelected within the DATE function here.

I know that the start date is going to be the first day of the month. So, I can just put 1 here.

And that returns the start date of the selected financial year.

Now, let’s take a look at the FY End Date measure.

As you can see, it’s similar to the FY Start Date measure. The only difference is that I used  FiscalYearSelected + 1 in the formula. With this, if the selected financial year (FiscalYearSelected) is 2023, then the year for the FY End Date will be 2023.

Here, you’ll notice that this isn’t actually the first date of the next financial year. In the actual calculation, this should be August 31, 2023.

In the formula, we can also use the relational operator which is less than (<). If we use less than (<), it’s always going to be one day less than the fiscal end date. And that is fine because the result is going to be the actual last date.

In this particular example, since the fiscal year-end date is September 1, 2023, and we use less than (<), the actual last date will be the 31st of August.

Let’s then analyze the next formula which is the Amount by FY measure.

This is also quite similar to the previous two formulas. However, instead of breaking down those sets of formulas, I’ve put them into this single formula using variables.

This is the most important part of the formula.

Take note that in this particular example, the first data point or the start date of Salesforce for the financial year 2023 is September 4, 2023.

Basically, this part of the formula indicates that if the MIN date (September 4, 2023 for this example) is greater than or equal to the StartDate (September 1, 2023), and it’s also less than the EndDate (September 1, 2023), then it will display the Total Amount. If not, then it will be blank.

This section calculates the Total Amount that will be displayed under the FY End Date of this model.

Then, the Total Amount is filtered here using the FILTER function. Therefore, it’s just displaying the Total Amount with the date that is within the range of the StartDate and EndDate.

With this logic, it enables me to dynamically display the amount by financial years here as I select options from the Customers and Fiscal Year slicers.

This tutorial covered some interesting techniques on how to dynamically display different financial years within Power BI reports. The example actually came from a real scenario that a customer of ours has experienced.

The given example is of a more complex nature. But you can always solve it with Power BI.

There’s nothing you can’t do in Power BI from an analytical perspective.

You just need to understand the importance of using variables, setting up your data model correctly, using supporting tables, and then working out a logic that enables you to create a dynamic calculation and visualization.

Check out the links below for more examples and related content.

All the best,

Sam

## Power Bi Financial Dashboard Examples: Letâ€™s Get Specific

Power BI financial dashboards provide a quick and easy way to monitor an organization’s financial performance in real-time. By consolidating data from various sources, financial dashboards can provide a comprehensive view of an organization’s financial health.

A Power BI financial dashboard is a visual representation of financial data and key performance indicators (KPIs) created using Microsoft Power BI, a business analytics tool. It provides a comprehensive view of financial information, enabling users to monitor and analyze financial performance, identify trends, and make data-driven decisions.

In this article, you’ll learn how Power BI financial dashboards cater to the unique analytical requirements of different user roles within an organization and why it’s an essential tool for finance professionals, executives, and decision-makers.

Let’s go!

Financial dashboards provide a quick and easy way to visualize key financial data and make informed decisions. This section covers some of the most important components of financial dashboards.

Revenue and profit are key indicators of a company’s financial health. A financial dashboard should include a clear visualization of both total revenue and net profit.

This can be presented in the form of line charts, bar charts, or tables. It may also be helpful to show trends over time, comparing current performance to previous periods.

Sales analysis can help identify patterns and trends in sales data, enabling sales managers and businesses to make better decisions. Key metrics to include in a sales analysis dashboard are:

Gross sales

Sales growth rate

Average transaction value

Sales by product or category

Sales by region, channel, or customer segment

Operating income is an essential metric in assessing a company’s profitability. It represents the profit earned from a firm’s primary business operations, excluding non-operating income and expenses.

In a financial dashboard, operating income can be presented as a standalone figure or compared to revenue to calculate the operating margin, which demonstrates how efficiently a company is generating profits from its operations.

Gross margin is the proportion of total revenue remaining after accounting for the cost of goods sold (COGS). It is an important metric for understanding a company’s profitability and pricing strategy.

Financial dashboards should include the gross margin percentage, possibly with a comparison to industry benchmarks or historical performance.

An income statement dashboard should provide a high-level overview of a company’s financial performance over a specific period. Key income statement components to include on a financial dashboard are:

Revenue

COGS

Gross profit

Operating expenses

Operating income

Net income

Table or waterfall chart formats can be used effectively to visualize the income statement components and how they contribute to a company’s bottom line.

To gain a comprehensive understanding of an organization’s financial health, it’s essential to analyze various financial ratios and metrics.

Useful examples of financial performance ratios to include in a Power BI dashboard might be:

Return on equity (ROE)

Current ratio

Quick ratio

Debt-to-equity ratio

Earnings per share (EPS)

Price-to-earnings ratio (P/E)

These key components in financial dashboards can help businesses make informed decisions, track financial performance, and identify areas for improvement.

Now that we’ve covered the key components of the Power BI financial dashboard, we’ll move on to building a Power BI dashboard in the next section.

Building a Power BI financial dashboard involves several steps. Here’s a general outline to help you get started:

Before creating a financial dashboard in Power BI, the first step is to prepare the relevant data first. This includes:

Collecting data from various sources such as Excel, databases, or APIs

Cleaning and transforming the data to make it suitable for analysis

Using the Power Query Editor in Power BI Desktop, you can easily perform data transformations and create data models. Key tasks include:

Combining multiple data sources

Filtering and sorting data

Adding or removing columns

Performing calculations

After preparing your data, the next step is creating a data model in Power BI Desktop. This involves:

Defining relationships between tables within the dataset

Creating calculated columns, measures, and hierarchies for analysis

For an effective financial dashboard, it’s essential to have a clear data model with accurately defined relationships. This allows you to analyze various financial indicators effectively.

With your data model in place, you can have Power BI users create visualizations that tell a compelling story about your financial data. Power BI acts as a various powerful data visualization tool for businesses.

Some visualization options in Power BI include:

Line charts, bar charts, and pie charts for trends and comparisons

Maps and heatmaps for geographical analysis

Tables and matrixes for detailed data representation

To build a successful financial dashboard, consider the following practices:

Choose appropriate visuals: Select visuals that best represent the key financial metrics you want to analyze.

Organize visuals effectively: Place the most important visualizations at the top of the dashboard and use a logical layout.

Use color and formatting wisely: Apply consistent colors, fonts, and styles to make your dashboard visually appealing and easy to understand.

By combining properly prepared data, a well-structured data model, and engaging visualizations, you can create a powerful Power BI financial dashboard to improve your financial analysis capabilities.

We’ll progress by going over sample financial dashboards in the next section.

Power BI offers a range of tools and options to create dynamic and interactive financial dashboards that cater to your organization’s needs.

The Retail Sales Analysis Dashboard in Power BI is an excellent sample showcasing key insights made into a retail business’s financial and sales performance throughout.

This sales dashboard typically includes key performance indicators (KPIs), such as sales, profit, and units sold.

It also allows users to analyze the data across multiple dimensions, such as by product category, region, or time period. Users can use interactive visualizations to explore trends and identify areas of improvement.

The Retail Analysis Dashboard helps managers and decision-makers make data-driven decisions and optimize their financial and business growth strategies.

Another useful Power BI sample for financial analysis is the Sales and Returns Dashboard. This interactive dashboard primarily focuses on tracking and analyzing sales data and return rates, which are vital to any retail or e-commerce business.

The Power BI dashboard displays information on:

Total sales revenue

Total returns

Return rates

Sales by product category and customer segment

This visually engaging analytics dashboard allows users to dive deeper into their sales data and identify patterns, such as seasonal trends in sales and returns.

Armed with this information, businesses can better understand customer behavior and target their marketing efforts accordingly.

The HR Finance Dashboard is executive insights dashboard designed to analyze the financial aspects of human resources management in an organization.

This Power BI sample emphasizes the financial side of HR, tracking and displaying key financial metrics such as:

Department budgets

Employee costs

Salaries and wages

Benefits expenses

Turnover rates

Using the HR Finance Dashboard, HR managers and finance teams can better comprehend their organization’s workforce expenses and identify areas for potential cost savings or improvement.

Moreover, it aids in understanding how HR investments contribute to the organization’s overall financial performance. These sample financial dashboards in Power BI showcase the power of data visualization and analysis.

By using Power BI and leveraging these pre-built samples or tailoring them to individual needs, organizations can gain valuable insights into their financial performance, make better decisions, and improve their bottom line.

We’ll go over practices and tips for financial dashboards in the next section.

Financial dashboards play a critical role in presenting data in an organized and easy-to-understand manner. To create a Power BI financial dashboard that effectively showcases key metrics and insights, consider the following best practices:

Consider your audience: Design your dashboard to cater to the specific needs and expectations of its intended users. Focus on the most important information and ensure it’s prominently highlighted.

Use the right visualization for the data: Choose appropriate visuals that best represent the financial measures and insights you’re presenting. Bar charts, pie charts, and line graphs are popular choices for displaying financial data.

Tell a story on one screen: Organize your data and visuals in a logical and coherent manner to give users a clear understanding of the financial information. Make use of Power BI’s full-screen mode for an immersive experience.

Place the most important information strategically: Position the key metrics and insights at the top or center of the dashboard to capture users’ attention. This will help users quickly identify and focus on the most critical data.

Keep it simple and clean: Avoid cluttering your dashboard with unnecessary visuals, tables, or text. Stick to a clean design that effectively communicates data analytics and insights.

Some key metrics to include in your financial dashboard are:

Operational Revenue: The total revenue generated from business operations. Track this to assess the company’s financial performance.

Gross Margin: The difference between revenue and the cost of goods sold (COGS). Track this to monitor the efficiency of the business in generating profits.

Gross Margin Percentage: The gross margin as a percentage of revenue. This will help assess the overall profitability of the company.

Net Profit: The total amount of profit after deducting all expenses, including taxes. Track this to gauge the company’s success in terms of generating profits.

Operating Expenses: The total cost of running the business, including salaries, rent, utilities, and marketing expenses. Monitor this to assess the efficiency and cost management of the business.

In this section, we’ll discuss three main sub-features: Calculated Columns and Measures, Custom Visuals, and Apps and Templates.

Calculated Columns and Measures are a powerful way to create custom calculations and metrics in Power BI.

Calculated Columns: These are created by defining new columns in your data model with custom formulas, allowing you to build complex calculations using existing data.

Measures: Measures are the aggregations or calculations that can be used in reports and visualizations. They can represent KPIs (Key Performance Indicators), such as net profit margin, revenue growth, or expense ratios.

Some examples of calculated columns and measures in financial dashboards might include:

Gross Profit Margin: (Revenue – Cost of Goods Sold) / Revenue

Operating Profit Margin: (Operating Income / Net Sales) * 100

Return on Equity (ROE): Net Income / Average Shareholder’s Equity

Custom Visuals provide an opportunity to create customized visualizations that are tailored to specific financial datasets. You can either create your own custom visuals by using the Power BI Custom Visual SDK or download existing ones from the AppSource Marketplace.

Various custom visuals are available for financial dashboards such as:

Waterfall Charts: Visualizing income statements and cash flow changes

Candlestick Charts: Displaying stock prices, including opening, closing, high, and low values

Heatmaps: Showing correlations between various financial variables

Power BI apps and templates are pre-built solutions that can be leveraged to save time and effort when creating financial dashboards. These can range from industry-specific templates to apps for specific use cases like financial planning or investment tracking.

Apps and templates can be found either within the Power BI community or on the AppSource Marketplace. Some popular financial dashboard templates include:

Finance Performance Analysis: A comprehensive solution for conducting financial KPI analysis

Balance Sheet Analysis: Analyzing assets, liabilities, and equity on a company’s balance sheet

Profit and Loss Statement: Providing insights into a company’s profitability over time

In the next section, we’ll explore industry-specific dashboards.

Power BI financial dashboards are essential tools for various industries, helping finance teams monitor critical metrics, make informed decisions, and plan effectively.

In the retail industry, some key financial metrics captured in the Power BI report and dashboards may include:

Revenue by location

Gross margin percentage

Inventory turnover

These key insights will enable the finance team to analyze product performance, identify profitability patterns, and ensure proper inventory management.

Financial dashboards for manufacturing can provide valuable information on:

Production cost analysis

Estimated vs. actual expenses

Return on Investment (ROI) for different projects

With this information, the finance team can allocate resources optimally, ensuring efficient production processes and cost control.

Healthcare industry dashboards focus on financial metrics like:

Patient revenue

Expense per patient

Operating margin

Such data helps the finance team to evaluate service profitability, analyze cost allocations, and improve financial stability.

For non-profit organizations, financial dashboards may include:

Fundraising ROI

Revenue by donation source

Cost per beneficiary

This information guides the finance team in making better fundraising decisions, allocating funds, and evaluating the organization’s financial efficiency.

Regardless of the industry, Power BI financial dashboards provide actionable insights that empower organizations to make well-informed decisions, streamline financial planning, and gain actionable insights to enhance their overall business performance.

In the next section, you will learn how to download and share Power BI financial dashboards.

To download and experiment with financial dashboard examples in Power BI, you can start by exploring the official Microsoft resources.

One such resource is the Financial Sample workbook, which you can download from this link. This sample workbook offers a good starting point to understand the various ways financial data can be represented in Power BI.

Once you have a dashboard created or downloaded, sharing it with coworkers and others is simple. Here are the steps to share a Power BI dashboard:

In a list of dashboards, or in an open dashboard, select Share.

In the Share dashboard dialog, enter the name or email address of the user or group you want to share with.

Optionally, type a message and select Grant access.

Remember, while the Power BI dashboard can be accessed through various browsers, using Microsoft Edge can offer additional benefits, such as better integration with other Microsoft products and services.

To download and access Power BI through Microsoft Edge, simply navigate to the Power BI website and log in with your Microsoft account.

If you are new to Power BI, you may want to try out the Power BI service for free. Microsoft offers a free trial of Power BI Pro which allows you to test its capabilities before committing to a subscription.

The free trial provides a fully functional Power BI experience, enabling you to explore and share financial dashboard examples with ease.

Using Microsoft Edge and considering the free trial of Power BI Pro can further enhance your experience while working on financial dashboards.

Power BI financial dashboards are powerful data visualization tools that enable businesses to gain valuable insights into their financial performance. They provide a visual representation of key financial metrics, allowing users to monitor trends, analyze data, and make informed decisions.

By consolidating and presenting financial data in a clear and interactive manner, financial dashboards help users understand the current financial health of the organization, identify areas of improvement, and track progress toward financial goals.

They enable users to drill down into specific details, perform in-depth analysis, and identify patterns or anomalies that may impact financial performance.

Using Power BI dashboards for financial purposes businesses to effectively monitor and manage their financial performance, identify trends, and take timely actions to drive success.

By providing a holistic view of financial data, these dashboards facilitate transparency, accountability, and strategic planning for financial goals and objectives.

If you’d like to learn more about Power BI Dashboard examples, you can watch the video below:

## How To Add Power Bi To Excel: A Step

Are you looking to take your data analysis skills to the next level? Adding Power BI to Excel is a great way to do this. Power BI is an analytics platform that helps you create interactive visuals, discover insights, and tell compelling stories with your data.

To add Power BI to Microsoft Excel, select Excel as the data source in the import options. Doing so allows you to make a seamless connection between Power BI and Excel for sending data to and from Power BI.

With Power BI, you can get more out of your data by creating custom visuals and static reports, performing predictive analytics, and gaining insight into trends.

In this guide, we’ll walk you through the steps of adding Power BI to Excel and getting started. You’ll learn how to connect your data sources and use the Power BI visualizations to explore your data in more depth.

You’ll also discover how Power BI can help you share insights with colleagues and present them in a compelling way.

Let’s get into it!

Power BI is a suite of business analytics tools from Microsoft that allows you to visualize and analyze your data using Power BI datasets.

Using Power BI, you can create dashboards, Power BI reports, and interactive visuals that help you make better decisions.

With Power BI and Excel together, you can easily transform, clean, and sort data to gain insights into your business processes. You can also analyze data in Excel by importing Power BI datasets, making it even more convenient to work with your data.

By combining the flexibility of Excel with the power of Power BI, you can quickly generate powerful visualizations that are easy to share and use across different devices. This includes using Excel features to access data from Power BI and exporting Power BI data to an Excel file.

The program is designed to be user-friendly and intuitive, allowing users to quickly learn its features quickly and start making insights.

Microsoft Excel can also integrate with other applications such as Power BI, allowing users even more functionality. This is usually done through the Excel Plugin.

Adding the Power BI service to Excel is a great way to extend the reach of your documents by allowing you to easily import data from various sources and create visualizations that can be shared with colleagues or customers.

By utilizing the “Analyze in Excel” feature, you can access Power BI data and work with it directly in Excel.

Now that we’ve covered what these two tools can do, let’s take a look at the steps to follow to set them up in the next section.

Getting started with Power BI in your Excel worksheets is a simple process. Here are the detailed steps to take.

Select the type of data you would like to connect, such as a database or flat file, and then select the specific connection option (e.g., SQL Server).

The type of files that you can download include csv or xlsx files.

After this step is complete, you should now have an analysis worksheet ready for use inside Excel.

Now that your analysis worksheet is ready in Excel, it is time to choose the Power BI workspace you want to use!

A pane will open on the left side which will allow you to choose the workspace you want.

The final step is publishing your workbook with all the data models and their new visualizations so that others can view it.

This is a way to also export workbook data and export data from underlying data models anywhere.

In the next section, we’ll take a look at how you can prepare and clean the data you export.

Once your dataset is imported into an Excel file, it’s time to prepare it for use within Power BI. There are two primary activities to prepare and clean your exported data from your export data set:

When sorting data, you can rearrange the rows or columns of data filtered in your database by alphabetical or numerical order. When filtering, you can restrict the data to show only the information you need.

Sorting and filtering will help to quickly organize and delete unnecessary sections in your database. It also enables easier searching for specific values or records, as well as formulating organized visualizations.

For example, if a field requires a date format, when someone enters “10-20-2023” instead of “2023-10-20” it will alert them that there is an error in formatting.

Adding a Power BI service report data back to your analysis in Excel is easy to do, and it opens up a wealth of data visualization and analysis capabilities that were previously out of reach.

When you connect your Excel file to access Power BI datasets, you can quickly gain insights from your data that would otherwise be hidden.

The best part? It only takes a few simple steps:

And that’s it! You can finally choose to publish your report so that it’s available online. In the next section, we’ll take a look at some of the benefits of using Power BI with Excel.

Adding PowerBI to your Excel files has some major benefits, such as:

Creating visuals: With PowerBI, you can create visuals for your data to visualize trends, patterns, and correlations.

Access to different data sources: You can easily access a variety of data sources from within Excel, allowing you to make decisions based on the most up-to-date information.

Advanced data editing and filtering: Power BI provides features such as data filtering and query editing, which enables you to manipulate and drill down into large datasets with ease. Although the Excel pivot table is great, the Power BI visual also adds to the functionality and helps visualize whole data sets.

In short, the Power BI service integrates with Excel to provide you with a powerful toolset for data analysis and business intelligence.

Not only does it open up up-to-date data and the possibility of insights into your existing datasets, but it also helps you access external data sources quickly and efficiently.

The next section will outline the basic requirements for adding Power BI to Excel. Let’s get into it!

Power BI can be integrated with Excel 2023 or later versions on Windows computers. Additionally, you need to ensure that your Microsoft Office 365 subscription includes Power BI Pro and Excel Online services. If you don’t have these already, they can be easily added.

For users to successfully get up and running with Power BI on their local computer, they must first be authorized by their administrator as an analytics service administrator (ASA).

This will provide them with admin privileges so they can set up and manage content in their Power BI reports and dashboards.

To get started, you’ll need to open up an Excel file and insert an array into the worksheet. Here’s how:

With Power BI arrays in your Excel file, you can quickly create charts, graphs, and other visuals that will update dynamically with any change in your underlying data itself — simplifying the process of gathering insights from large datasets!

Next, let’s take a look at how you can use Power BI to create visualizations.

You’ve connected your Excel data to Power BI, but now what? The real value of Power BI lies in its ability to create interactive visualizations.

Visualizations with Power BI are a great way to explore your data, identify patterns and relationships, and tell stories with your data.

The Power BI dashboard offers many ways to visualize your data. Here are just a few of the most popular types of visualizations in Power BI:

Power BI can create a variety of charts and graphs in power view, from using data in tabular format to plotting trends over time to identifying correlations or outliers in a group of data from a Power BI report, reports, datasets, reports, or data points.

Visualizations can help bring your data to life and show relationships between different elements of your dataset that might not be immediately obvious if looking at raw numbers or tables alone. So get creative and explore the possibilities with the Power BI desktop!

If you’d like to know more about specific examples of using Power BI with Excel, check the following video out:

Using Power BI and Excel together can be a powerful combination — allowing you to analyze data with the speed and precision of Power BI while still retaining the flexibility of Excel.

That being said, there are a few issues that you may run into when working with these two programs. We’re going to cover two of them: installation issues and data refresh errors.

If your installation of Power BI encounters any errors, here are some of the most common solutions:

Update or reinstall the appropriate software

Uninstall conflicting applications that may interfere with Power BI

Run in compatibility mode (for older versions of Windows)

Contact Microsoft Power BI Support if none of these methods work

Another common issue is data refresh errors. This error message occurs when the Power BI data back service is unable to get data from your Excel file or another external source due to an internet connection issue or incorrect credentials.

To troubleshoot this issue, try these steps:

Check your internet connection to ensure that it is stable and secure

Check that you have entered the correct credentials for your data source

Try refreshing the data manually

Try re-authenticating the connection with your data source

In conclusion, integrating Power BI into Excel can be a useful tool for any data analyst, creating the potential to increase their efficiency and broaden their analytical capabilities.

Now that you understand the process of adding Power BI to Excel, you can begin using this powerful platform to unlock the insights within your data.

With the right strategies and techniques, you can create powerful Power BI dashboard pivot charts, reports, and more that can help your organization make more informed decisions and provide more accurate insights!

## Power Bi Budgeting Technique: Allocating Monthly Budgeting Sensitivity Table

In this blog, I talk about a technique around Power BI budgeting, working out a way to allocate calculations across different time frames or months, for example. You may watch the full video of this tutorial at the bottom of this blog.

The data that I use in this tutorial was part of an Enterprise DNA Learning Summit around budgeting sensitivity tables.

Let’s have a look at the scenario and the data model, which is really key in understanding how to achieve this budgeting analysis.

So in this scenario, we have some budgets per city for 2023 and they’re in a yearly time frame.

We can’t just have one number for the entire year, we need to allocate these budgets at a monthly level. We can even allocate this to a daily level, which I have explained in other video tutorials. This way, we’ll be able to see what the trend is and how things perform through time.

To do this allocation, we identify the Budget Sensitivity for each month, and integrate it into our calculations. In this table, the Budget Sensitivity is breaking down the budget by each month.

Sensitivity or seasonality in Power BI could be a variety of things, but in this analysis, it’s based on our budgets or forecasts. And so here we forecast that we have an increase of allocation required in the middle of the year versus summertime, for instance. There’s also a slight increase during Christmas.

Then, we need to find a way to integrate this into our analysis. Before we get to that, let’s look at how the data model is structured.

This is a very detailed model with all our lookup tables, fact tables, key measure, and supporting tables for a detailed Power BI budgeting analysis.

If we look closely, we can see that our Regional Budget table doesn’t have any relationships with other tables.

Likewise, our Budget Sensitivity table.

These two tables are what I call supporting tables. They don’t have any physical relationship with other tables in the model. This Budget Sensitivity table is going to support the logic that we’re going to complete in our model.

First, let’s just have a quick look at our Yearly Budget calculation.

If we drag it into our table, we can see that it’s not allocated at all. It’s only showing the full number. We want to allocate this budget across each month.

To do that, we create a new measure. We’ll call it 2023 Budget Allocation.

Remember that the Budget Sensitivity table has no relationship to the Date table in the model, so there’s no way for us to grab information from the Budget Sensitivity table and have it filtered from the Date table.

But, we created that connection virtually inside this formula using the TREATAS function.

Inside the Budget Sensitivity table, we have our Month Name column. And if we go to our Date table, we have a column that is very similar. It’s a calculated column that’s showcasing the first three letters of each month.

And so even though we can’t draw a physical relationship between these two tables (Budget Sensitivity and Date tables), we can do it virtually. This is where the real power of this budget allocation technique comes in.

By using TREATAS, we created that connection between the Date table Short Month column and the Budgets Sensitivity table Month Named column. And that’s how we get a breakdown of the correct allocations for the correct months.

We then integrate this calculation into other formulas to get our monthly allocation.

In this formula, we use it as a variable (VAR). Then, we go ISFILTERED Month & Year (in the Dates table), and multiple BudgetAllocation by Yearly Budget. If not, return to the Yearly Budget.

And so we can see now we have this monthly allocation via the Sensitivity table using just some DAX formulas.

In this tutorial, I have shown you how to utilize supporting tables and DAX formulas, particularly with TREATAS, to create a virtual relationship and allocate monthly Budgeting Sensitivity.

This Power BI budgeting technique is a brilliant one that has so many applications. This methodology will clean up your model immensely as well. It simplifies things and generates insights that were so difficult to do before.

I hope you can get this concept and integrate it into your own budgeting and forecasting reports somehow.

Cheers!

Sam

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