Cost Basis (Adjusted Cost Basis) ACB (9 Legacy Votes)
Quicken Deluxe for Mac needs to have the option added to calculate stocks and mutual fund cost basis using adjusted cost basis(ACB) method. All of Canada uses the ACB method. When a portion of a fund or stock is sold then the cost basis is out since it calculates on either LILO or FIFO. Please include ACB as an option. Also as others have stated , in the portfolio view we need to have the cost basis per unit added.
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Repost your other problem with additional information disclosed, not simply Quicken for Mac Canadian Version. Include the Build information.
Information: https://community.quicken.com/discussion/7871028/quicken-bill-pay-discontinues-on-5-31-20-introducing-quicken-bill-manager
View: https://community.quicken.com/discussion/7859218/work-with-copies-of-your-actual-quicken-data-files/p1?new=1
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(Canadian Q user since '92, STILL using QM2007)
- Where to find a Help Guide for Quicken for Mac?
- Quicken Mac FAQ list
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COMPLETE list of Product Ideas - Quicken for Mac to VOTE onObject to Quicken's business model, using up 25% of your screen? Add your vote here:
Quicken should eliminate the LARGE Ad space when a subscription expires
(Canadian Q user since '92, STILL using QM2007)
cost basis calculations in conformance with CRA's requirements. Quicken for MAC still has a ways to go for the residents of Canada.
I have created a Quicken for Mac file which shows that Quicken does not handle average cost sells correctly. The Security is set up as having Average Cost. It has 3 buys before a sell. The 3 buys are:
2448.529 shares for $35,000, 3797.678 shares for $54,000 and 1047.236 shares for $15,000. The total is 7293.443 shares for $104,000 with an average cost per share of $14.26.
Now the sell of 589.868 shares at $14.41/shares should reduce the total cost basis by $8,411.52. Subtracting $8,411.52 from $104,000 gives a net cost basis of $95,588.48. The total cost basis that Quicken shows on the portfolio page is $95,568.25. If you subtract this value from $104,000 you get the cost basis that Quicken reduced the cost basis by, i.e., $8,431.75. If you divide this value by the number of shares sold (589.868) you get the average per share cost basis that Quicken used, i.e., $14.29. Quicken should be using $14.26. See the following image.
Super User q.lurker entered these numbers on Windows platform and got the correct values. See the following image. There is a problem with the Mac version.How do I get this issue to the Mac team at Quicken?
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- Where to find a Help Guide for Quicken for Mac?
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COMPLETE list of Product Ideas - Quicken for Mac to VOTE onObject to Quicken's business model, using up 25% of your screen? Add your vote here:
Quicken should eliminate the LARGE Ad space when a subscription expires
(Canadian Q user since '92, STILL using QM2007)