Re: Problem with Distributions?
[ Q2 00 - Q2 01 Archive ]
[ Current Message Board ]
[ Archives ]
[ Search ]
Posted by Mark on July 12, 2000 at 07:42:50:
In Reply to: Problem with Distributions? posted by Todd on July 12, 2000 at 00:21:51:
: Hi, : I'm having a problem getting my share totals to match with the statement. This seems to be related to the way reinvested distributions are handled. For example, when I enter a dividend for 3/26/00, I enter the date (Which pulls up the historical quote), the div amount...tab over to shares and this calculates the #shares. But when I click ok...the Historical quote is changed and does not reflect the true share price for that day? This compounds when a ST and LT gain are entered for the same date. : In the end...I end up being over by about 0.004 shares. ie: I actually own 48.166 shares, but the program says I own 48.170. : What am I doing wrong?? I'm a bit perplexed : Thanks for any insight, : Todd S Hi Todd, There is some discussion in the online help about how to prevent
rounding errors. I've copied it here: ***************************
Recording Transactions Without Rounding Errors:
Often there can be small rounding errors on your transaction summary statement, as provided by your fund
company. Improperly recorded, this can lead to small differences between the share balances reported by
Fund Manager and your statements. To prevent rounding errors, record the Value and Shares fields in
Fund Manager as displayed on your fund statement. Then, press the Tab key to move the input focus to the
Price field. Fund Manager will automatically adjust the Price field to be consistent with the Value and
Shares. This method records the Value and Shares as displayed on your statement. If there are rounding
errors on your statement, the Price recorded by Fund Manager will be adjusted to the correct price
(consistent with the Value and Shares). Fund Manager always ensures that Value = Shares * Price.
You can move the input focus around on a dialog box by pressing the Tab key on your keyboard. The
order that the focus moves around on a dialog box is referred to as the "tab order". The transaction dialogs
in Fund Manager have their tab order set to facilitate this recording method. The tab order in transaction
dialogs moves from the Value, to the Shares, and then to the Price controls.
*************************** The bottom line is you want to record the shares exactly, and let the
price "float". To fix your share balance, turn up the share digit display to 6 under
"Options/Preferences..." and then use "Edit/All Data..." with the
"Investments (all)" data type selected. Make sure each transaction
is recorded to the correct number of shares. If not, just use the
"Edit" button there to fix it. Regarding your question on updating the historical price... When you
record a transaction in FM, if there is no price recorded for that
date FM will record a price automatically, based on the price in your
transaction. If there is already a price recorded, it will not change
it. When the dialog box is automatically filling in the historical price
based upon the date you've entered, this price may be interpolated
from other prices, and you may not actually have a price recorded on that
date prior to the transaction being entered. Thanks,
Mark
--
Mark Beiley
Fund Manager for Windows 3.1x/95/98/NT
Replies:
|