share prices and rounding errors, cannot reconcile extra pennies
Jeff Earickson
jaearick at colby.edu
Sat Feb 22 16:27:22 EST 2014
Hi,
I am in the process of converting from Quicken 2007 to Gnucash 2.61. I was
hoping that Gnucash would not have the rounding errors for share prices
that have always vexed me in Quicken, but no luck.
The brokerage statement says:
Buy 1377.41 shares of XYZ at $10.89/share = $15,000.00
Both Quicken and Gnucash compute it at:
1377.41 x 10.89 = $14,999.99 (one penny off, arrrgh...)
Since I care more about the number of shares than the share price, I try to
back-calculate the price I need:
15000.00/1377.41 = 10.89000370 (on my calculator, do I need 9 decimals of
accuracy?)
A penny here, a penny there, and pretty soon your cash account is 7 or 8
cents off and you can't reconcile. Is there a fix for this in Gnucash?
How do other deal with this annoyance?
Jeff
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