Accuracy / Rounding issues - Difference between gnucash and broker account
Mike or Penny Novack
stepbystepfarm at dialup4less.com
Sun Jan 28 08:38:30 EST 2018
On 1/27/2018 4:54 PM, Pawel Wocjan wrote:
> Hi,
> Are there some general guidelines how to choose accuracy for fractional shares/price etc? Has anybody experience such minor discrepancies between his/her broker account and gnucash?
>
> Thank you for your help,
> Pawel
>
There is no way to do this (guarantee agreement). Whenever rounding is
involved, it matters not just the particular rounding rule used but WHEN
rounding is applied, because rounded(A) + rounded(B) does not
necessarily = rounded (A+B).
One of the things I used to do (in my working days) was calculate the
necessary "fuzz" for compare operations necessary not to have these
small "errors" (different rounding process) cause mismatches.
Michael D Novack
PS: You can manually adjust by including a child account for "rounding
errors" which you might name that or "fuzz".
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