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In this Excel tutorial, Steve from Excel Dashboard Templates explains how to create a calculated field in a pivot table. He invites viewers to explore his blog for additional tips and techniques on Excel. Steve demonstrates with sales data, showing that by clicking on the pivot table, contextual ribbons such as “Pivot Table Tools” and “Analyze” appear. Under the “Calculations” menu, he selects “Fields, Items, and Sets,” then “Calculated Field.” He creates a new field named "Commission" to calculate a 5% commission on the sales made by each salesperson. This feature not only enhances the pivot table but can also be utilized in pivot charts and other analyses.
