Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Keep an eye out for upcoming NetSuite events, including meetups, workshops, and webinars. These sessions are a great way to connect with peers, learn from experts, and stay current on the latest NetSuite updates and best practices. Registration links are provided in each event.
SuiteWorld | October 25–28, 2026 | Las Vegas Where our community gets ready for what’s next!
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Join us
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Join us
Pre-Post acquisition reporting, accounting periods, date filters
I see the following topics:
Mid Month Accounting Close
3954539 Member Posts: 80
Oct 17, 2016 12:03PM edited Oct 18, 2016 8:17AM
I'm curious to see if anyone has tried to create a period mid month to close for acquisition purposes. We are constantly buying companies and of course the deal never closes on the last day of the month and it is a huge pain creating balance sheets and income statements in excel and I wanted to see how I could use Netsuite to reduce the pain. Thanks in advance!
Answers
- Olivier Gagnon NC Member Posts: 4,524 Green Ribbon
- Oct 18, 2016 8:17AM
- Well your period will already exist. So you'll need to edit your existing period and reduce the date range (say 1st to 22nd), then create a second period for the remaining (23rd to 31st). That will allow you to close them seperately and report on only up to the 22nd, or up to the 31st depending on which As Of period you pick.
0