One of many Power BI custom visuals published by 3AG Systems, column chart with absolute variance is a variance report available as a Power BI download from Microsoft. This free Power BI chart designed for easily comparing time series data. With it, users can report actual, forecast, planned, and previous year data and quickly identify deviation from a baseline.
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One of many Power BI custom visuals designed for:
- Tracking time series data
Comparing actual, forecast, planned, and previous year data
Sales target analysis
What is a variance report?
A variance report is generally used by financial reporting teams to compare expected outcomes with actual results. The goal of this type of report is to easily show the difference, or variance from the baseline.
A well-designed variance report not only shows the variance against plan, but the relative size of that variance.
Featured in Microsoft's August 2018 Power BI desktop update, these Power BI custom visuals are designed for easily comparing time series data. It is built for reporting actual, forecast, planned, and previous year data and allows users to quickly identify when a series deviates from its baseline.
This and other power bi reports from 3AG Systems apply information density principles including the sparing use of colors using the following schema:
- solid black for current year
- grey for previous year
- hollow for budget
- shaded for forecast