NCI effect on P&L from trial balance

[JBHF]

Hi,

If I own 80% of companyA and this month I made $100. Should I do the journal entry to allocate out $20 from the profit and move to NCI account. Example below
Dr NCI $20 (P&L account)
Cr NCI $20 (equity account)

Or is it more common practice to just show the breakdown from the group financial report without having to do separate journal entry that is later reflected on the trial balance.

[Marek Muc]

It depends on the consolidation software that you use, but generally you do need some journal entry at consolidated level in order to accumulate NCI as a separate item within consolidated equity.