Extreact Last value of each month

Anonymous https://docs.microsoft.com/en-us/dax/lastnonblankvalue-function-dax

Month End =
LASTNONBLANKVALUE (
    Table[Transaction Date],
    SUM ( Table[Month Wise Outstanding] )
)

Edit: I forgot to add, you would use this with say a table, and by month.

Anonymous , Try closingbalancemonth

closingbalancemonth(Sum(Table[Month wise outstanding]), Table[Date])

prefer to use with date table

closingbalancemonth(Sum(Table[Month wise outstanding]), Date[Date])

refer video: how to use https://youtu.be/yPQ9UV37LOU

To get the best of the time intelligence function. Make sure you have a date calendar and it has been marked as the date in model view. Also, join it with the date column of your fact/s. Refer :
https://radacad.com/creating-calendar-table-in-power-bi-using-dax-functions
https://www.archerpoint.com/blog/Posts/creating-date-table-power-bi
https://www.sqlbi.com/articles/creating-a-simple-date-table-in-dax/

See if my webinar on Time Intelligence can help: https://community.powerbi.com/t5/Webinars-and-Video-Gallery/PowerBI-Time-Intelligence-Calendar-WTD-YTD-LYTD-Week-Over-Week/m-p/1051626#M184


Appreciate your Kudos.

Anonymous - I like DataZoe , there is also Lookup Min/Max that I wrote. https://community.powerbi.com/t5/Quick-Measures-Gallery/Lookup-Min-Max/m-p/985814#M434