share prices and rounding errors, cannot reconcile extra pennies
Fred Bone
Fred.Bone at dial.pipex.com
Sun Feb 23 08:02:00 EST 2014
On 22 February 2014 at 16:27, Jeff Earickson said:
> 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...)
This is correct, after rounding. The exact result is 14999.9949.
Either your broker is overcharging you, or the price is actually slightly
over 10.89. I suspect the latter.
More information about the gnucash-user
mailing list