[GNC] Rounding issues with Stock

[John Ralls]

You can always replace the DRIP prices by retrieving online quotes after creating the transactions. You could also edit or delete the DRIP transaction prices in the price DB; it won’t have any effect on the transactions.

Regards,
John Ralls

> On Sep 13, 2024, at 08:26, R Losey <rlosey at gmail.com> wrote:
> 
> What Derek said.
> 
> Plus, the key important thing is that the number of shares and the money
> you actually spent are correct; these days (at least in the US), the
> brokerage is keeping track of correct prices.
> 
> I run into this with reinvested dividends, if the dividend amount is small
> and the stock price is relatively high... I can only buy a fraction of the
> stock, and those small amounts really throw off the price. But I've just
> learned to live with it.
> 
> 
> 
> On Fri, Sep 13, 2024 at 10:13 AM Derek Atkins <derek at ihtfp.com> wrote:
> 
>> 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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> 
> 
> -- 
> _________________________________
> Richard Losey
> rlosey at gmail.com
> Micah 6:8
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