Hello. The business was acquired and I need to prep the financial statements for the acquisition. However, this falls halfway through a period. Is there a way in NS to generate like 2 books within a period? One that has the ending balance prior to the acquisition and the other after. Does that make sense? Thank you.

generally what we do is enter reversal entries in a consolidation entry that parent owns. The acquired subsidiary's books don't change (unless you're enforcing a year end change).

sorry that this is quite late a response but I'm still in the dark. don't the subsidiary's books change reflect the additional(?) capital