[GNC] Stock transaction: how to record "buy amount" being more or less than product of "shares * price"?

[Murugan Mariappan]

If you are particular about the price to be the same then you can do split of the .04 and pass it to a "rounding off" expenses account




Saludos Cordiales


Murugan

________________________________
From: G.W. <grgwmsm at protonmail.com>
Sent: 12 March 2025 10:14
To: Murugan Mariappan <m.muruganandam at hotmail.com>
Cc: gnucash-user at gnucash.org <gnucash-user at gnucash.org>
Subject: Re: [GNC] Stock transaction: how to record "buy amount" being more or less than product of "shares * price"?

So there's no way to have the price reflect accurately in the price column for this scenario? (I already have set 1/1000).

On Wednesday, March 12th, 2025 at 8:56 AM, Murugan Mariappan <m.muruganandam at hotmail.com> wrote:
Check the fraction traded field in your security and adjust it to 1/1000. Ensure your account uses the commodity value under the smallest fraction field. Enter the debit value as $1.04; the system will calculate the price as $130 due to rounding. Your bank should update correctly with the $1.04.



Saludos Cordiales


Murugan

________________________________
From: gnucash-user <gnucash-user-bounces+m.muruganandam=hotmail.com at gnucash.org> on behalf of G.W. via gnucash-user <gnucash-user at gnucash.org>
Sent: 12 March 2025 08:50
To: gnucash-user at gnucash.org <gnucash-user at gnucash.org>
Subject: [GNC] Stock transaction: how to record "buy amount" being more or less than product of "shares * price"?

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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