Measure NCI at its proportionate share of Baby’s net assets.
Please note here that in the above statements of financial position, .
We use Timberline, but we prepare our financials each month on a consolidating spreadsheet.
Consolidated financial statements deliver information on all these separate entities as if they were one aggregated entity.
Mr/Ms Anonymous - First off I do want to say that if you think you have outgrown Quick Books, I would say you are correct, and I do not even know your company's financial status.
I know people will disagree, but Quick Books is not great software if you are a company with millions in revenue, and consolidate. I work for a construction company that consolidates.
Maybe Timberline does, and our company hasn’t learned how to use it correctly.
Like many things in construction Net Suite and Intacct are the 2 platforms I recommend most often as the place to go after QB. Intacct is G/L only while Net Suite is ERP with job cost, CRM, and customer/vendor portals native.