Explore what a P&L dashboard looks like in Power BI
Power BI is far more than a visualisation tool — it can also serve as a powerful solution for producing and managing your management accounts.
By integrating your management accounts into Power BI, you can unlock a range of additional benefits, including:
- Automation of reporting processes, reducing manual input and improving efficiency
- The ability to drill down into individual transactions for greater transparency and insight
- Consolidation of accounts across multiple companies within a single, unified report
- The option to incorporate budgets not stored in Sage, enabling more comprehensive financial analysis
- Dynamic filtering, allowing users to interact with the data and tailor reports to their specific needs, and more!
So, let’s talk through this dashboard and you can give it a go for yourself!
If you have not used Power BI before, or wish to refresh your memory, check out the quick tutorial we have put together which demonstrates how to navigate through Power BI.
P&L Dashboard
On the first tab, you’ll find a standard Profit and Loss report. However, you also have the flexibility to use the filters on the left-hand side to tailor the data, allowing you to present and analyse the figures in a variety of different ways.
Using these filters, you can view the Profit and Loss for a specific period, analyse an individual company, or see consolidated results across multiple entities.
This flexibility makes it much easier to gain meaningful insights from your data — without the need to rebuild your Profit and Loss report or search through multiple spreadsheets and files.
You also have the ability to expand each category to see how individual nominal codes contribute to the overall balance, giving you a clearer and more detailed understanding of the figures behind the totals.
You can take this a step further by right-clicking on any value within the Profit and Loss report and using the drill-through feature to view the individual transactions that make up that balance.
On the following tabs, you can see how the accounts can be presented in a range of different formats — for example, monthly or quarterly views, as well as side-by-side company comparisons — giving you greater flexibility in how you analyse and present the data.
On the final tab, you’ll find a more visual, dashboard-style view that provides a clear, high-level overview of performance, making key trends and insights easy to identify at a glance.
The management accounts we develop are designed with convenience and scalability in mind. This means that when new nominal codes are added, there is no need to amend or customise the report to accommodate them.
Because everything is driven directly from Sage, the appropriate category or subcategory can simply be assigned within Sage itself, and the report will automatically update accordingly.
Now that we’ve gone through the P&L dashboard step-by-step, why not try our free interactive dashboard to have a go in navigating around this report yourself?
If you are interested in finding out more about how Power BI can assist you, our experts are here to help. Complete the enquiry form on this page or contact us directly on 01332 959008.
