Stay on Top of Financial Flows with Tableau Waterfall Charts

A waterfall chart is a chart that is used to show how a value changes from one state to another through a series of intermediate steps. In Tableau, you can create a waterfall chart using the “Waterfall” mark type in the “Show Me” menu, or by manually setting up the chart using a stacked bar chart and customizing the appearance.

A waterfall chart in Tableau is a type of data visualization that is used to show the cumulative effect of a complete series of positive or negative values, typically used to show how initial value is affected by a series of intermediate changes. Each bar in the chart represents a change in the value and the overall chart shows the net effect of all the changes.

In Tableau, waterfall charts can be created by connecting to a data source, dragging a dimension to the Columns shelf, and a measure to the Rows shelf. Then, you can use the “Waterfall” option under the Show Me tab to create the chart. This will create a chart with the dimension on the x-axis, and the measure on the y-axis, with the bars representing the changes in the measure.

To create a waterfall chart in Tableau, follow these steps:

1. Select the “Waterfall” mark type from the “Show Me” menu.
2. Drag a measure to the “Size” shelf. This will be the value that the waterfall chart displays.
3. Drag a dimension to the “Color” shelf. This will be used to differentiate the different steps in the waterfall chart.
4. Drag a dimension to the “Rows” shelf. This will be used to label the different steps in the waterfall chart.

You can customize the appearance of the chart by right-clicking on the chart and selecting “Format.” From here, you can change the color scheme, font, and other visual properties of the chart.

Waterfall charts- These are used to show the flow of money or other values through a process or system. They can be used to visualize changes in a value over time, or to show the breakdown of a value into its component parts.

Waterfall charts are useful for showing the cumulative effect of a series of positive or negative values, and are often used in financial analysis to show the impact of a series of transactions on an initial value. They can be used to show the breakdown of a total into its components, or to show how an initial value is affected by a series of intermediate changes.