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Pivot Table Calculated Item . After you select calculated item, the insert calculated item dialog box appears. For the moment, let’s leave the name as formula1, so you can see how that works. Google Sheets Pivot Table Calculated Field Reference Decoration Items from maxcruz-mylife.blogspot.com Click on any cell in the pivot table. If the issue persists, please send this specific excel file to the our information collection email address: Pivot table calculated items can be used to calculate changes between each other, like a month´s or year’s value, averages or summation.