In Sage Intacct, especially in the construction version, creating charts and graphs for dashboards is a valuable tool for visual data analysis and trend identification. In his tutorial, Mike Baio from Bangert illustrates why and how to utilize these graphical representations effectively. Here's an overview of the key points discussed:
Charts and graphs provide a rapid way to compare different metrics or measures against each other.
Visual representations like line graphs and bar charts make it easier to spot trends and patterns over time.
Users can drill down into the details of potential issues identified in graphs, such as examining if operating expenses were higher in a particular month or if revenue was down.
Sage Intacct allows users to drill down into specific numbers by simply clicking on them, enabling a deeper exploration of the data.
Net Income Trend Analysis:
A line graph displaying monthly actual vs. budget scenarios helps in identifying deviations from the budget.
Revenue and Gross Profit:
Parallel bar charts can show operating expenses, actual vs. budget, providing a clear comparison.
Project Profitability Analysis:
Trend analysis for specific project managers, showcasing the profitability of different projects by month.
Performance Cards:
These provide high-level insights for specific time periods compared to prior months or budgeted numbers.
Drill-Down Reports:
Alongside graphs, detailed reports can be loaded onto dashboards for an in-depth analysis.
Accessing the Financial Graphs Section:
Navigate to the financial graphs area to create a graph, which can then be added to a dashboard.
Setting Up a Graph:
Choose the primary data series, trend periods, and account groups.
Select the type of comparison (e.g., budget comparison) and the type of graph (line, bar, pie charts, etc.).
Apply necessary filters for a more focused analysis.
Customizing the Graph:
Name the graph, choose the graph type, and set the data series.
Filters can be applied to focus on specific departments, locations, or other dimensions.
Adding Graphs to Dashboards:
Once created, these graphs can be added to dashboards for easy access and visualization.
Graphs and charts in Sage Intacct are powerful tools for quickly identifying trends, comparing metrics, and drilling down into financial data. They enhance the user's ability to make informed decisions based on visual data representations.
For a comprehensive guide on creating and using graphs in Sage Intacct, watch Mike Baio's video: Why You Should Create Graphs for Dashboards in Sage Intacct. This tutorial provides valuable insights and step-by-step instructions for leveraging graphs and charts to analyze data effectively.