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Anonymous's avatar
Anonymous
Not applicable
3 years ago
Solved

Daily Balance Calculation

Hi, I am trying to get the daily closing balance of my data. I currently have dates given by 'Date'[Date] showing the working days (weekends are blank) of debits and credits being logged. At th...
  • Anonymous's avatar
    Anonymous
    3 years ago

    Hi Anonymous ,

    Please update the formula of measure as below and check if it can return the expected result...

    DailyClosingBalance =
VAR CurrentDate =
    SELECTEDVALUE ( 'GL_Account'[glt_trdate] )
VAR CurrentPeriod =
    SELECTEDVALUE ( 'GL_Period'[id_glperiod] )
VAR PreviousPeriod =
    MAXX (
        FILTER (
            ALLSELECTED ( 'GL_Period'[id_glperiod] ),
            'GL_Period'[id_glperiod] < CurrentPeriod
        ),
        'GL_Period'[id_glperiod]
    )
VAR PreviousClosingBalance =
    CALCULATE (
        MAX ( 'GL_Account'[ClosingBalance] ),
        FILTER (
            ALLSELECTED ( 'GL_Period' ),
            'GL_Period'[id_glperiod] = PreviousPeriod
        ),
        ALL ( 'Date' )
    )
VAR PreviousDailyNetBalance =
    SUMX (
        FILTER ( ALLSELECTED ( 'GL_Account' ), 'GL_Account'[glt_trdate] <= CurrentDate ),
        'GL_Account'[Daily Net Balance]
    )
RETURN
    PreviousClosingBalance + PreviousDailyNetBalance

    If the above one can't help you, please provide some raw data in your table  'GL_Account' and 'GL_Period' (exclude sensitive data) with Text format and your expected result with backend logic and special examples? By the way, is there any relationship between these two tables? If yes, please provide the related info. It would be helpful to find out the solution. You can refer the following links to share the required info:

    How to provide sample data in the Power BI Forum

    How to Get Your Question Answered Quickly

    And It is better if you can share a simplified pbix file. You can refer the following link to upload the file to the community. Thank you.

    How to upload PBI in Community

    Best Regards

tamerj1's avatar
tamerj1
Community Champion
3 years ago

Hi Anonymous 
You are sorting the dates on descending order. Are you sure this is the correct order of calculation?

  • Anonymous's avatar
    Anonymous
    Not applicable
    3 years ago

    Hi tamerj1 ,

    Yes I already had in the model a variable for debits/credits linked to the Date, so my Daily Net Balance was just:


    Daily Net Balance =     CALCULATE(SUM('GL_Account'[glt_amt_doc]), GROUPBY('Date', 'Date'[date])).

    In terms of the closing balance, this is correct also. It is the closing balance whereby it stops at the FinancialPeriod date, i.e. 12,177,354.57 is the closing balance today and whatever the closing balance is on 31st March, the closing balance will show as this value for all dates 25th February 2023 - 31st March 2023. Thanks
    • tamerj1's avatar
      tamerj1
      Community Champion
      3 years ago

      Anonymous 

      This should work as either calculated column or measure.

      Closing Balance Final =
VAR CurrentDate =
    MAX ( 'Table'[Date] )
VAR CurrentPeriodTable =
    CALCULATETABLE ( 'Table', ALLEXCEPT ( 'Table', 'Table'[FinancialPeriod] ) )
VAR CurrentClosingBalance =
    MINX ( CurrentPeriodTable, 'Table'[ClosingBalance] )
VAR TableOnAndBefore =
    FILTER ( CurrentPeriodTable, 'Table'[Date] <= CurrentDate )
VAR PreviousDailyNetBalance =
    SUMX ( TableOnAndBefore, 'Table'[DailyNetBalance] )
RETURN
    CurrentClosingBalance + PreviousDailyNetBalance
      • Anonymous's avatar
        Anonymous
        Not applicable
        3 years ago

        Hi tamerj1,

        Thanks for this.

         

        I adjusted the DAX to the following (as it was not picking up the 'GL_Account'[ClosingBalance] and 'Date'[Date] in TableOnAndBefore):

         

        DailyClosingBalance = 
VAR CurrentDate =
    MAX ( 'Date'[Date] )
VAR CurrentPeriodTable =
    CALCULATETABLE ( 'GL_Period', ALLEXCEPT ( 'GL_Period', 'GL_Period'[FinancialPeriod]))
VAR CurrentClosingBalance =
    MINX ( CurrentPeriodTable, SELECTEDVALUE('GL_Account'[ClosingBalance]) )
VAR TableOnAndBefore =
    FILTER ( CurrentPeriodTable, SELECTEDVALUE('Date'[Date]) <= CurrentDate )
VAR PreviousDailyNetBalance =
    SUMX ( TableOnAndBefore, [Daily Net Balance] )
RETURN
    CurrentClosingBalance + PreviousDailyNetBalance

         

        However this is now returning the following:

        It is doing the row's ClosingBalance + Daily Net Balance, but it needs to be the previous financial periods closing balance + the sum of the daily net balances up to the rows date, e.g. 01/03/2023: 12,248,807.97 - 5,990.75 - 222,586.15 = 12,020,231.07