The calculation
Four-wall area is reduced by standard openings. An optional ceiling and your allowance are added before division by sheet area.
Drywall / panel estimate
Estimate full wallboard sheets for four walls and an optional ceiling, with standard openings and cutting waste.
Four-wall area is reduced by standard openings. An optional ceiling and your allowance are added before division by sheet area.
USG's estimator notes that its panel count excludes waste. This tool exposes a separate allowance so you can match the room and layout. Source
Before you buy
Wet areas, garages, ceilings, and rated assemblies may require different products or thicknesses.
Panel direction and framing spacing determine where seams land and whether offcuts can be reused.
Screws, joint tape, compound, corner bead, adhesive, and primer are not included in this sheet estimate.