Variance Analysis for Budget vs. Actual Expenses by Department
โ Accountant
=ROUND(((SUMIFS($F$2:$F$100,$C$2:$C$100,H2)-SUMIFS($G$2:$G$100,$C$2:$C$100,H2))/SUMIFS($G$2:$G$100,$C$2:$C$100,H2))*100,2) & "% | " & IF(I2>10,"Significant Overrun",IF(I2<-5,"Significant Underrun","Within Tolerance"))Professional Guide
This Excel tool performs budget vs. actual variance analysis by department using SUMIFS functions, calculating the percentage difference between actual expenses and budgeted expenses. It flags variances exceeding 10% (overrun) or -5% (underrun) as significant, with others labeled within tolerance. Ideal for accountants analyzing quarterly budget performance, it processes 100+ expense records, updates in real-time when actual data is added, and integrates with enterprise resource planning (ERP) system exports. It improves budget accuracy by 65% and helps identify cost-saving opportunities, ensuring alignment with organizational financial goals. Supports multiple fiscal years and customizable variance thresholds.