# CLOSINGBALANCEMONTH

## What is the CLOSINGBALANCEMONTH Function?

The CLOSINGBALANCEMONTH function is a DAX function used in Power BI to calculate the closing balance of a measure for the last day of a given month. It is commonly used to calculate the closing balance of a financial account at the end of a month.

## How Does the CLOSINGBALANCEMONTH Function Work?

The CLOSINGBALANCEMONTH function works by taking a measure and calculating its closing balance for the last day of a given month. It does this by iterating over the dates in the calendar table and calculating the cumulative total of the measure up to the last day of the month.

## How to Use the CLOSINGBALANCEMONTH Function

To use the CLOSINGBALANCEMONTH function, follow the steps below:

1. Create a measure to calculate the values you want to display. For example, you might create a measure to calculate the total sales for a given period.

2. Create a date table in Power BI. This table should contain a column with all the dates in the period you want to analyze.

3. Create a relationship between the date table and the table containing the measure you want to analyze.

4. Create a new measure using the CLOSINGBALANCEMONTH function. The syntax of the function is as follows:

``` - ❰expression❱ is the measure you want to analyze. - ❰dates❱ is the column in the date table containing the dates. 5. Add the new measure to your report. You can now use the CLOSINGBALANCEMONTH function to calculate the closing balance of your measure for the last day of each month. Example Suppose you have a table containing sales data for a company, and you want to calculate the closing balance of sales for each month. You can use the CLOSINGBALANCEMONTH function as follows: 1. Create a measure to calculate the total sales for each day: ```

2. Create a date table containing all the dates for the period you want to analyze.

3. Create a relationship between the date table and the Sales table.

4. Create a new measure using the CLOSINGBALANCEMONTH function:

``` 5. Add the Closing Balance measure to your report. Now, when you view your report, you will see the closing balance of sales for the last day of each month. The CLOSINGBALANCEMONTH function is a powerful tool in Power BI that allows you to calculate the closing balance of a measure for the last day of a given month. By following the steps outlined in this article, you can easily use this function to create compelling reports and dashboards. Power BI DAX Training Courses by G Com Solutions (0800 998 9248) Power BI DAX Intensive Training Course £1,050.00 – £26,550.00 Select optionsContinue Loading Done Power BI DAX Introduction £474.00 – £11,700.00 Select optionsContinue Loading Done Power BI DAX Intermediate £395.00 – £9,750.00 Select optionsContinue Loading Done Power BI DAX Advanced £474.00 – £11,700.00 Select optionsContinue Loading Done Upcoming Courses Contact Us Subject Your Name (required) Company/Organisation Email (required) Telephone Training Course(s) Power BI Intensive TrainingPower BI introduction Power BI IntermediatePower BI AdvancedDAXPower Query MPower BI CertificationPower BI AdministrationPower PlatformPower AutomatePower AppsOTHER Your Message Upload Example Document(s) (Zip multiple files) ```
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