Finance Alliance’s Post

For any business, having a way to compare the past, the present, and identify how it might effect the future is priceless. That is the power of financial modelling. Take our data readiness survey - https://lnkd.in/giavFrjw #forecastglobal #FinancialModeling #Forecasting #DataReadiness #BusinessAnalytics

"Excited to share the latest Power BI report on credit card analysis! Leveraging data visualization tools, we've uncovered valuable insights into spending patterns, vendor trends, and expense categories. Our analysis aims to drive informed financial decisions and streamline budgeting processes. Stay tuned for a detailed breakdown of our findings and actionable takeaways!"

Tired of battling with static reports & outdated data? Join us TODAY, March 19th, to explore how real-time reporting & dynamic dashboards can transform your finance role. Uncover hidden opportunities, boost efficiency, and drive growth. Register here: https://lnkd.in/emynKRRm #SageIntacct #RealTimeReporting

Tired of battling with static reports & outdated data? Join us on Tuesday, March 19th, to explore how real-time reporting & dynamic dashboards can transform your finance role. Uncover hidden opportunities, boost efficiency, and drive growth. Register here: https://lnkd.in/emynKRRm #SageIntacct #RealTimeReporting

"Matching debits and credits based on line item description" Analyzing financial data is often a puzzle, and here's a scenario where we need to identify matching transactions in a dataset. The data contains columns such as Assignment, Profit Center, G/L, and Amount. The challenge is to find instances where positive and negative values match under certain conditions. This challenge involves identifying matching positive and negative amounts under specific conditions In the quest to identify matching transactions in financial data, I leveraged the power of DAX in Power BI. Here's the formula I used to achieve this: Cleared =  VAR CurrentAssignment = 'YourTable'[Assignment] VAR CurrentProfitCenter = 'YourTable'[Profit Center] VAR CurrentGL = 'YourTable'[G/L] VAR CurrentAmount = 'YourTable'[Amount] VAR IndexColumn = 'YourTable'[Index] RETURN   IF (     CurrentAmount > 0,     IF (       CALCULATE (         COUNTROWS (           FILTER (             ALL('YourTable'),             'YourTable'[Assignment] = CurrentAssignment               && 'YourTable'[Profit Center] = CurrentProfitCenter               && 'YourTable'[G/L] = CurrentGL               && 'YourTable'[Amount] = -CurrentAmount               && 'YourTable'[Index] <> IndexColumn           )         )       ) > 0,       -CurrentAmount,       BLANK()     ),     IF (       CALCULATE (         COUNTROWS (           FILTER (             ALL('YourTable'),             'YourTable'[Assignment] = CurrentAssignment               && 'YourTable'[Profit Center] = CurrentProfitCenter               && 'YourTable'[G/L] = CurrentGL               && 'YourTable'[Amount] = CurrentAmount               && 'YourTable'[Index] <> IndexColumn           )         )       ) > 0,       ABS(CurrentAmount),       BLANK()     )   )

Improve your financial reporting with these 10 tips for accurate, timely and compliant data. Make smarter business choices today! https://okt.to/ZqdTQC #FinancialReporting #Data #BusinessStrategy #DecisionMaking

Improve your financial reporting with these 10 tips for accurate, timely and compliant data. Make smarter business choices today! https://okt.to/xhPtwS #FinancialReporting #Data #BusinessStrategy #DecisionMaking

Improve your financial reporting with these 10 tips for accurate, timely and compliant data. Make smarter business choices today! https://okt.to/Qw2n6J #FinancialReporting #Data #BusinessStrategy #DecisionMaking

Improve your financial reporting with these 10 tips for accurate, timely and compliant data. Make smarter business choices today! https://okt.to/6DpKVy #FinancialReporting #Data #BusinessStrategy #DecisionMaking

New Blog Post out: Excel for Financial Modeling: Automating Data Retrieval and Analysis Check it out here https://buff.ly/486AteX