The importance of having a budget while launching a business was stressed during Week 7. We were able to keep tabs on our earnings and expenditures thanks to our well crafted budget. Keep in mind that the goal of any budget is to have spending that are less than revenue. The full potential of Excel, however, has not been utilized until now. In this guide, you'll learn how to set up a dashboard in Excel for monitoring KPIs and other metrics. When you're done with this task, you'll have an Excel tool that would be the envy of any company and could save you thousands on hiring a developer to implement the same features.
Creating a Business Dashboard in Excel
An Excel Dashboard can be an amazing tool when it comes to tracking Key performance indicators (KPIs), comparing data points, and getting data-backed views that can help management make decisions. In this tutorial, you will learn how to create an Excel dashboard, best practices to follow while creating one and features and tools you can use in Excel.
KPIs are used to quantify a business's success in comparison to a set of targets, objectives, or industry peers. Financial KPIs include net profit (or the bottom line, gross profit margin), revenue less specified expenses, and the current ratio (liquidity and cash availability)
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The preparation section provides you with the elements needed to complete the requirements.
The following steps must be completed to receive the associated points for each step.
Any item marked with a * must be completed to receive a score above 0.