Stock Split inflates net worth
I found a discussion on the topic, but it was locked and marked as fixed. It's still very much the case in my copy of Moneydance 2010:
http://help.infinitekind.com/discussions/problems/29-wrong-net-wort...
Birkshire Hathaway B shares just split. Entering the split was easy in the history and fixed the calculations everywhere (from what I can tell) EXCEPT in the net worth report (and net worth bar at top of window). It's inflated thinking I had the number of shares I have now at the pre-split prices. Given that the split was 1 share into 50, it thinks my net worth has gone through the roof. On the date of the split, the net worth returns to normal - it's onlyt the historical data that's an issue.
Had it been fixed and the fix broke with the release of 2010 or was no fix ever really released?
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1 Posted by Angie Rauscher on 22 Feb, 2010 04:09 PM
Jacqui,
I am sorry for the unreasonably long delay in responding to your issue. If you are not using the most recent version (2010r2 build 741), please update to that version. You can download the update here. This update has resolved a few key issues our users have been experiencing, including some Net Worth calculation issues. Please let me know if your issue persists and we will look into other solutions, including your OS and the version of Java you are using.
Please let me know if I can be of further assistance, and I apologize again for any inconvenience this may have caused you.
Angie Rauscher
Moneydance Support
Angie Rauscher closed this discussion on 22 Feb, 2010 04:09 PM.