Hi everyone! Do you know if NetSuite can perform a mid-year close? We have a client that was acquired in July and the need to close out their Net Income to Retained Earnings at the end of July. They are not sure how to do that or if NetSuite even supports that option.

Same subsidiary being utilized?

correct!

You may be looking at the "Manual Year End Close" here: https://docs.oracle.com/en/cloud/saas/netsuite/ns-online-help/section_N1457773.html#Year-End-Closing

thank you!!!

for that you may want to use multiple calendars. you have a short year through July