How do I calculate a budget in Excel?
To calculate the total planned budget, input the formula “=SUM(Planned Expenses Total, Planned Funds Total, Planned Savings Total)”. Then, to calculate your planned balance use the formula “=SUM(Total Planned Spending – Total Planned Income)”.
How do you calculate budget variance in Excel?
Each worksheet should include 2017 budget, 2018 budget, and the variance for each of the 4 budget categories; the formula to calculate the variance for each budget category is as follows: variance = (2018 budget 2017 budget)/2017 budget.
How does excel calculate budget vs actual?