[GNC] Stock transaction: how to record "buy amount" being more or less than product of "shares * price"?
sunfish62 at yahoo.com
sunfish62 at yahoo.com
Wed Mar 12 08:10:01 EDT 2025
Short answer: ignore the price recorded in GnuCash. It is calculated from the shares and amount.
David T.
On Mar 12, 2025, 2:51 PM, at 2:51 PM, "G.W. via gnucash-user" <gnucash-user at gnucash.org> wrote:
>My investment firm (Fidelity) allows the buying of fractional shares. I
>purchased some shares of stock with the following details:
>
>Purchase-1: shares: 0.008 | price per share: $124.42 | total amount I
>paid to get the 0.008 shares = $1.04
>
>Purchase-2: shares: 10 shares | price per share: $111.25 | total amount
>I paid to get the 10 shares = $1,112.45
>
>As you can compute by doing the math, the total amount paid does NOT
>equal shares*price. Purchase-1 should have only costed $1 and
>Purchase-2 should have costed $1,112.50.
>
>How do I account for this in Gnucash because it will not let me input
>the actual money I spent on the shares. Is there a way to override
>Gnucash's automatic calculation?
>
>(I phoned Fidelity and they explained this discrepancy is normal, a
>result of fractional share buys).
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