Moneydance adding fractional shares

cdsandler's Avatar


31 Jul, 2016 04:31 PM

Hello - In entering Dividend Reinvestment transactions manually, I am encountering a problem that is causing my total number of shares to grow incrementally. Most recently, I added the number of shares - 6.298 and the price - $13.59. When I hit the enter key (no matter how many times I do it) MD shows the number of shares as 13.590029. This discrepancy has added a small amount over time. My brokerage account shows a total of 897.911 shares, while my MD portfolio shows 897.911. Not a huge discrepancy, but still, I like to be accurate. Can you suggest how I could stick with my original number of shares added? Thanks.

  1. 1 Posted by -Kevin N. on 31 Jul, 2016 05:15 PM

    -Kevin N.'s Avatar

    Hi cdsandler,

    Although I can reproduce this behavior, I can only see this slightly effecting your price history. It has no effect on the number of shares. Per your post, the share count is the same at your broker as it is in MD - 897.911.

    What was the amount of the Dividend?

    -Kevin N.

  2. 2 Posted by cdsandler on 31 Jul, 2016 05:23 PM

    cdsandler's Avatar

    Hi Kevin, I'm sorry - I made a mistake in my email! MD shows total number
    of shares as *897.935* (a slight discrepancy but still a discrepancy). The
    total amount of the dividend was $85.59.

  3. 3 Posted by -Kevin N. on 31 Jul, 2016 05:53 PM

    -Kevin N.'s Avatar

    Hi cdsandler,

    I'm still not seeing how the price-per-share could add to your share count.

    Although I don't enter DivReinvest txns manually, if I did, I would enter the share count and the total amount of the Dividend and let MD calculate the price-per-share.

    The share count and the total amount of the Dividend are the important figures, the price-per-share is really irrelevant.

    The .024 share count discrepancy might have been caused at some point by entering the price-per-share and the total amount of the Dividend thus causing MD to calculate the number of shares.

    It may be a matter of scouring over your brokerage statements to see if you can find the discrepancy

    -Kevin N.

  4. 4 Posted by cdsandler on 31 Jul, 2016 06:03 PM

    cdsandler's Avatar

    OK, thank you.

  5. System closed this discussion on 30 Oct, 2016 06:10 PM.

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