Misconception 1: It's the same as Percent Change
Percent change calculates the relative change between a starting and ending value. Percent to goal, however, measures progress against a fixed target. For example, if you increase your savings from $100 to $150, the percent change is 50%. But if your goal is $1,000, you have only moved from 10% to 15% of your goal.
Misconception 2: You can't go over 100%
You can absolutely exceed your goal! If your sales target was $10,000 and you achieved $12,000, you are at ($12,000 / $10,000) * 100% = 120% of your goal. This is a great outcome and is often referred to as a 'stretch goal'.
Correct Method: Consistency is Key
Always ensure your 'Current Value' and 'Goal Value' are measured in the same way. If your goal is measured in dollars, your progress must also be in dollars. If the goal is a number of items, so must be your progress. Mixing units will lead to incorrect and meaningless results.