I’m trying to create a chart that compares Actual Revenues and Expenses to Budgeted Revenues and Expenses. I’m using Variance to Budget % = [Actual]-[Budget)/abs[Actual].
If Actual Revenue is greater than Budgeted Revenue, I want to show a positive variance. However, if Actual Expenses is greater than Budgeted Expenses I need to show a negative variance, so I need to reverse the signs of my formula depending on whether or not I’m calculating a Revenue or Expense variance %.
I have a column [Category] that classifies whether or not the amount is a Revenue or Expense. I’m trying to solve for this by using the following IF statement:
Variance to Budget % = IF(or([Actual]=0,[Budget]=0),
If ([Category] = “Total Revenue”, ([Actual]-[Budget])/abs([Actual])),
I get the following error:
Any suggests as to what I am doing wrong? Thank you for your help!