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Quickbooks accounting for minority interest in joint venture company?

Michael Goldberg's Profile

I currently use hosted Quickbooks Premier. We are about to start a joint venture with another company where we will be the majority shareholder and will want/need to consolidate the financial statements into our reporting. My understanding is that we will need to report the income due to our jv partner as "non controlling minority interest" below net income on our financial statements. Does anyone know if I can do this in Quickbooks Premier or will I need to use Quickbooks Enterprise and if so, why?

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