Forum Discussion
Closing Balance Inventory Prior Year
Hi All,
I am stuck on the following...
I am trying to create the Closing Balance Inventory for 2020 e compare with the same period last year..
Hi Anonymous
Does this return what you want?
Inventory Last Year = CALCULATE( [Inv. Sum], SAMEPERIODLASTYEAR( 'Calendar'[Date] ) )ALso, you need to mark your calendar table as a date table. That is when the magic happens. Right-click on it, select Mark as Date Table, then select the date column. Until you do that, it is just another table in the model.
9 Replies
Hi Anonymous
Does this return what you want?
Inventory Last Year = CALCULATE( [Inv. Sum], SAMEPERIODLASTYEAR( 'Calendar'[Date] ) )ALso, you need to mark your calendar table as a date table. That is when the magic happens. Right-click on it, select Mark as Date Table, then select the date column. Until you do that, it is just another table in the model.
I'm not an expert by any means on the CLOSINGBALANCE* functions, but I believe those return the data at the end of the relevant quarter, which would be March 31, June 30, Sept 30, and Dec 31. That works on your Calendar table.
But those dates don't exist in your inventory table. Everything is the 1st of the month.
My measure above returns the following:
See this article near the bottom from SQLBI. It concludes the same thing I have. Emphasis mine.
"The STARTOFMONTH, STARTOFQUARTER, STARTOFYEAR, ENDOFMONTH, ENDOFQUARTER, and ENDOFYEAR functions are only useful when the dataset is complete with all the start and end dates of each time period. When this is not the case, you can implement a custom logic using the other techniques previously described in this article."
Anonymous wrote:
man.. after 4 hours on this **bleep** formula... I got it!!!! thanks for the help. really killed me!!! appreciate!
What was your final measure?
Anonymous do you have date dimension in your model? As a best practice, add date dimension in your model and use it for and time intelligence calculations. There are many posts on how to add date dimension and below is the link to a few. Once the date dimension is added, mark it as a date table on table tools.
https://www.sqlbi.com/articles/creating-a-simple-date-table-in-dax/
https://radacad.com/create-a-date-dimension-in-power-bi-in-4-steps-step-1-calendar-columnsIf not, add one, and use that in your calculations.
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