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06 Dec, 2022 03:15 AM
How do you record stock splits so that the original cost is now divided by the new number of shares to get a new cost per share?
on 06 Dec, 2022 09:49 AM
There are a number of ways to enter stock splits, however it does not seem that the Moneydance staff have explained them in a Knowledge Base article (not so subtle hint there!)
This is one way.
1. Open an Investment account that has the stock in it
2. Select the Security Detail Window
3. Select the stock that is being split, this is just under the Securities Detail button
4. Click on the Stock Split button
5. Enter the details of the split and click on OK.
on 07 Dec, 2022 04:24 PM
on 04 Jan, 2023 10:11 AM
Does anyone understand why sometimes running a stock split results in fractions of shares when typically the process results in fractions being sold off or lost.
My Aviva Apr 22 stock split 76 for 100 appears fine except it leaves me with a fraction and if I SellXfr that it messes up my bookcost.
Any suggestions appreciated.
on 04 Jan, 2023 10:31 AM
It is very typical for Stock splits to leave fraction of a share, companies typically do some sort of rounding to get back to whole numbers, software like Moneydance cannot arbitrarily do this.
There are a number of different techniques you can try.
1. When you do the stock split enter the actual number of shares before and after as the stock split
2. If you need to round down do a Sell of the fractional number of shares for a 0 price and 0 amount
3. If you need to round up do a Buy of the fractional number of shares for a 0 price and 0 amount
I'd try method 1 first.
on 04 Jan, 2023 10:41 AM
OK thanks i hadnt thought of 1. I'll give that a try
on 04 Jan, 2023 10:47 AM
definitely better as only ended with 0.0001 as a fraction!
on 18 Jan, 2023 05:30 PM
Further question on this.
I processed a stock split 5 for 1, nice and straightforward, but MD has almost doubled the book cost.
can anyone explain why the bookcost would even change?
on 18 Jan, 2023 05:30 PM
also does adding a New price figure have any impact at all?
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