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Excel dashboard - Daily Sales report automation
Learn how to automate the number of days billed, and the total available billing days in any calendar month in you daily sales report.

Here is the link to dynamic vlookup tutorial mentioned in the video:
https://youtu.be/JhISkMFhrik

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This video is all about automating your Excel daily sales report to reflect the correct number of billing days passed in a month on any given day, as well as the total number of billing days (excluding weekends and holidays) in any given month. The video will show you how to fully automate your daily sales report so that you do not have to manually change the number of billing days, or working days and the number of total working days in a month. The calculation will automatically take into account any weekend days such as Saturdays or Sundays, as well as any public or statutory holidays.

Chapters
00:00 Introduction to daily sales report (billing days and days billed)
01:28 How to calculate total billing days in a month for daily sales report
03:06 How to use networkdays excel formula to calculate working days in a month excluding weekend and holidays
04:53 Automating the number of billing days by linking to the current month
07:55 Automating and linking the number of days billed in daily sales report
13:57 Wrap up and conclusion

In many organizations, the daily billing report or the daily sales report is a key excel report that is used by management to review and track performance on a daily basis. Often this performance is compared against budget and prior year numbers. However, for an accurate comparison of actual sales vs budget sales during the month, it is important to see how many billing days or selling days have already passed so far in the month, compared to the total number of billing days in a month. For example, during mid month, you would want to compare your actual sales for half of the month to half of the full month's budget amount. Lets say your full month budget is 100K, and your actual sales is 60K, you would want to compare the 60K with half of the budget amount i.e. 50K. This shows you are trending favourable to the month's budget. This information is important in forecasting sales and profitability, as it gives business leaders an idea of the trend of sales in the month and what they should expect for the remainder of the month.

However, automating this is not easy and needs some level of advanced Excel skills. therefore, in this video, I show you how by using networkdays formula in Excel, and adding the actual dates of holidays, and start and end date of the month, you can easily automate your billing days and number of days billed in a month. Once you have automated this piece, automating the rest of the daily sales report becomes very easy. Specially, if your sales report can be generated from a BI tool such SAP Analysis or BW, or Oracle BI, then you can even schedule a daily email to be received by key members of the leadership or stakeholders interested in looking at the daily sales report, and then you do not have to manually create and update the file every morning. It used to be the first thing I did every morning and sometimes would take me up to one hour to update the sales report. however with the automation, the email is now sent every morning automatically, whether or not I am working, in the office, at home or enjoying my vacation. This helps the Mangers and VPs a lot as well and they appreciate the information being in their hands (or screens) so early in the morning without me doing anything. I think you should strive for automation of your excel reports and dashboards as well, and automating the daily sales report is a key component in doing that.

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