Consolidation software with minority interest for partly owned companies
Finconsol works out minority interest, also called non-controlling interest, for each partly owned company in a group every month. You enter the ownership percentages, Finconsol calculates the minority share, and an approved journal records it in the group accounts. It is part of every plan, and a group of 12 companies pays $615 a month, paying yearly.
Why minority interest is hard to keep right in a spreadsheet
When the group owns 80% of a company, the group accounts still include all of that company's revenue, costs, assets and liabilities. The 20% that belongs to the outside owners is then shown on its own, as a share of the profit for the year and a share of the net assets.
In a spreadsheet, that share is a formula that someone has to keep pointing at the right cells every month. It breaks quietly when a percentage changes, a company is added or a row moves.
- The percentage changes. The group buys more shares, and last year's formula still uses the old figure.
- The share has to be found twice. Once for the profit for the year and once for the net assets, and the two have to agree.
- Nobody can see where it came from. An auditor asks how the figure was reached, and the answer is a chain of cell references.
A worked example with an 80% subsidiary
The group owns 80% of a subsidiary. Outside owners hold the other 20%.
| Subsidiary, 100% | Group share, 80% | Minority share, 20% | |
|---|---|---|---|
| Profit for the year | $500,000 | $400,000 | $100,000 |
| Net assets at the year end | $2,000,000 | $1,600,000 | $400,000 |
The group profit and loss includes the full $500,000 and then shows $100,000 of it as belonging to the minority. The group balance sheet includes all of the subsidiary's assets and liabilities and shows $400,000 of equity as the minority's. The non-controlling interest guide has a calculator for your own figures.
Minority interest in Finconsol
- Enter the ownership once. You give the percentage the holding company owns in each subsidiary.
- Changes are kept by month. When the group buys or sells shares, the minority share for each month follows the percentage held in that month.
- Recorded by an approved journal. The minority share is worked out for you, and a person approves the journal that records it. Once posted, it appears separately in the group profit and loss and in equity on the balance sheet.
- Visible before the month closes. For each company you can see the minority's share of profit and whether it has been recorded.
- On every plan. Minority interest is included in every plan, together with currency translation, intercompany eliminations and unlimited users.
Price for groups of different sizes
Prices are per company per month in US dollars. Every plan includes every feature, minority interest included.
| Companies in the group | A month, paying yearly | A month, paying monthly |
|---|---|---|
| 2 | $120 | $144 |
| 5 | $300 | $360 |
| 8 | $435 | $522 |
| 10 | $525 | $630 |
| 12 | $615 | $738 |
| 15 | $750 | $900 |
| 20 | $925 | $1,110 |
| 30 | $1,275 | $1,530 |
A group with more than 30 companies is priced for the group. See pricing for how the three price bands add up.
Questions
Does Finconsol handle minority interest?
How does Finconsol work out the minority share?
Can the ownership percentage change during the year?
What does Finconsol cost for a group of 12 companies?
Is minority interest the same as non-controlling interest?
See your group in one picture
The free trial runs for 15 days and needs no card. It includes all features and up to 2 companies. In a demo, we show you Finconsol on a group set up like yours, in 30 minutes.