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

[R Losey]

I don't understand why it is important to have the price per share be
accurate, especially as it is illusory...  the actual (or "real")
transactions are that the user received 0.008 shares for $1.04; thus price
per share (price divided by shares) is $130.00 as price-per-share. That
*IS* the real price you paid, regardless of what Fidelity quotes.

If the plan is to track Fidelity's reported prices, why not just get them
into a spreadsheet and not worry about GnuCash's computer prices?



On Thu, Mar 13, 2025 at 6:56 AM Fred Tydeman <tydeman.fred at gmail.com> wrote:

> Fidelity rounds the share price to the penny in the report.
> So, your Purchase 2 shows a price of 111.25, while the real price was
> 111.245
>
>
> On Wed, Mar 12, 2025 at 8:50 AM 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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-- 
_________________________________
Richard Losey
rlosey at gmail.com
Micah 6:8