I would like to if it is possible to define a separate period for a mid month close like in case of merger & acquisitions. We wanted to explore the option of addition period for specific date in the month and follow the close process and open a different period for the remaining days of the period. What would people do in case acquisition or merger closed during mid month instead of regular month end
What would be process everyone follows for close of books incase of acquisition.
I appreciate your replies
I hope there is no option of defining a new period in your calendar for this type of activies, as a workaround you can proceed with mid month end activities as usual and you run your report to get the data, once the reconciliation is over you can enter the data for the rest of month and then you can close the period as normal.