Financial Dashboard Template

Today’s guide explains everything you need to know about the financial dashboard template – or P&L report, as it’s known. First, we’ll show you what it is and why it’s important to deliver an overview of its liquidity.

Our goal is to focus on data visualization, not data entry. We’ve just created modern charts to visualize the most important financial metrics and trends.

Before we dive in, if you want to learn more about excel dashboard templates, you should check out our training video!

Navigation structure and Ribbon control

The structure is clean. Using a grid layout, you’ll provide the best user experience.

We’ve used advanced chart types and a grid layout in Excel for better readability. In addition, you can control the dashboard through the ribbon using icons.

financial dashboard navigation structure using ribbon

When you develop and create complex reports and templates with multiple worksheets, you must keep your eyes on the navigation structure.

We’ll use three Worksheets: data, calculation, and dashboard – this is the industry standard if you are in dashboard design.

Financial Dashboard: Metrics

First and foremost, find out your financial metrics:

  • Income
  • Net Profit
  • Net Profit Margin %
  • Expenses
  • Cash at EOM
  • Quick Ratio ((Current assets – Inventories) / Current liabilities)
  • Current Ratio (Current assets / Current liabilities)
  • Accounts Receivable
  • Accounts Payable
  • % of Income Budget
  • % of Expenses Budget
  • Net Profit versus Target

Core logic, in a nutshell

First, you can add your data to the “data” Worksheet.

We’ve created three sections for the key performance indicators in this financial dashboard example. First, place your monthly results.

As you see, we’ve applied simple calculations. Next, use the nested IF function (combined with the IFERROR function) to identify and show the results of the selected month.

nested if function calculate

Let us see the calculation sheet. As we know, conditional formatting plays a key role when you want to show the target vs. actual performance. We’ll use standard color codes for the positive and negative variance.

conditional formatting rules

Tip: Be careful with the conditional formatting rules! Some metrics (for example, Expenses, Accounts Payable, etc.) work unusual. For example, if the Expenses increased vs. the last month, you must use a red color because it’s a negative trend.

P&L Dashboard Template

financial dashboard profit and loss statement template

If you want to download our latest profit and loss statement template, check!

We love dynamic charts!

If you want to visualize the monthly/yearly performance, we recommend using these chart types below:

Download the template and play with our modern dashboards.