[GNC] Rounding issues with Stock
Derek Atkins
derek at ihtfp.com
Fri Sep 13 11:12:32 EDT 2024
The answer is "no". And your Broker is lying to you. There is no such
thing as $0.0036 so there is no "value" there.
You should record the 4.000 shares and total value of $105.95
Ignore the "price" difference. It doesn't matter in the long run. Even
if you are worried about the price basis, you're talking a difference of 4
x $0.0009 = $.0036. The IRS will round to the nearest whole dollar, so,
in other words, this amount is irrelevant.
-derek
On Fri, September 13, 2024 10:55 am, NS wrote:
> Thanks for the answers. There is a difference when I look at GNU Cash and
> my broker, albeit small, is there.
> I was just wondering if there was a way to set it up differently.
>
>
> On Mon, Aug 26, 2024 at 8:38 PM NS <ninosksan at gmail.com> wrote:
>
>> First, let me tell you I am a recent user of GNUCash, and by no means I
>> am
>> a bookkeeper or know a lot about accounting.
>> I am using the tool to keep control of some stock I own.
>>
>> Here is my issue.
>> I have a DRIP on the stock. My broker says the reinvested price of each
>> share was $26.4884, and they bought 4 shares for a total value of
>> $105.9536.
>>
>> Now, I cannot enter four decimals in the buy (I do not know if it is a
>> setting), even though the price handles them.
>> When I recorded the transaction in GNUCash y entered 4 shares and a buy
>> of
>> $105.95 and a price of $26.4875 was calculated.
>>
>> If I enter 4 shares and the price of $26.4884, it recalculates it to
>> $26.4875.
>>
>> How do I solve this? I want to keep track of the correct numbers.
>>
>> Thanks for your help.
>>
>>
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--
Derek Atkins 617-623-3745
derek at ihtfp.com www.ihtfp.com
Computer and Internet Security Consultant
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