# CLOSINGBALANCEQUARTER

## Y ## What is CLOSINGBALANCEQUARTER?

CLOSINGBALANCEQUARTER is a DAX function that returns the closing balance for a given quarter. This function is useful when you want to calculate the closing balance of an account or a measure for a specific quarter. The CLOSINGBALANCEQUARTER function takes two arguments – the first argument is the expression that returns a table, and the second argument is the column that contains the date values.

Here is the syntax for the CLOSINGBALANCEQUARTER function:

CLOSINGBALANCEQUARTER ( ❰expression❱, ❰date_column_name❱ )

``` How to Use CLOSINGBALANCEQUARTER in Power BI? To use the CLOSINGBALANCEQUARTER function in Power BI, follow these steps: 1. Open Power BI Desktop. 2. Import your data into Power BI. 3. Create a new measure by clicking on the "New Measure" button in the "Modeling" tab. 4. Enter the following formula for the measure: ```

Closing Balance Quarter = CLOSINGBALANCEQUARTER ( SUM(Sales[Amount]), Sales[Date] )

``` In this example, we are using the Sales table and the Date column to calculate the closing balance for the sales amount measure. 5. Click on the "OK" button to create the new measure. 6. Use the measure in your visualizations to analyze the data. Examples of Using CLOSINGBALANCEQUARTER Let us see some examples of using the CLOSINGBALANCEQUARTER function in Power BI: Example 1 Suppose you have a table named "Orders" that contains information about orders placed by customers. The table has the following columns: - Order ID - Customer ID - Order Date - Order Amount You want to analyze the closing balance of the order amount for each quarter. Here is how you can use the CLOSINGBALANCEQUARTER function to achieve this: 1. Create a new measure by clicking on the "New Measure" button in the "Modeling" tab. 2. Enter the following formula for the measure: ```

Closing Balance Quarter = CLOSINGBALANCEQUARTER ( SUM(Orders[Order Amount]), Orders[Order Date] )

``` In this example, we are using the Orders table and the Order Date column to calculate the closing balance for the Order Amount measure. 3. Click on the "OK" button to create the new measure. 4. Use the measure in your visualizations to analyze the data. Example 2 Suppose you have a table named "Expenses" that contains information about expenses incurred by your business. The table has the following columns: - Expense ID - Expense Date - Expense Amount You want to analyze the closing balance of the expenses for each quarter. Here is how you can use the CLOSINGBALANCEQUARTER function to achieve this: 1. Create a new measure by clicking on the "New Measure" button in the "Modeling" tab. 2. Enter the following formula for the measure: ```

Closing Balance Quarter = CLOSINGBALANCEQUARTER ( SUM(Expenses[Expense Amount]), Expenses[Expense Date] )

``` In this example, we are using the Expenses table and the Expense Date column to calculate the closing balance for the Expense Amount measure. 3. Click on the "OK" button to create the new measure. 4. Use the measure in your visualizations to analyze the data. The CLOSINGBALANCEQUARTER function is a powerful DAX function that can be used in Power BI to analyze data for a specific quarter. By using this function, you can calculate the closing balance of an account or a measure for a specific quarter. We hope this article has helped you understand how to use the CLOSINGBALANCEQUARTER function in Power BI. 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 £395.00 – £9,750.00 Select optionsContinue Loading Done Power BI DAX Intermediate £395.00 – £9,750.00 Select optionsContinue Loading Done Power BI DAX Advanced £395.00 – £9,750.00 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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