In the case of a mid-month acquisition, should we create two separate accounting periods for the pre-acquisition month and post-acquisition month? And how about a new fiscal year that starts in the middle of the month? The company is an LLC (flow-through for tax purposes). The current ownership will have tax liability for the first 4 1/2 months of activity, so there will be a close for that activity with a K-1 provided to current owners. The new ownership will be taking over mid-month, so I assume their fiscal year will be something like 4/15 through 12/31. Has anyone done something similar in NAV? Will it break everything if we create two accounting periods for the same month and two fiscal years in the same year? Thanks for your help!
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Angela Dunnahoe
Marucci Sports
Baton Rouge LA
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