How do I enter share price?
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Don Awalt
Member ✭✭✭✭
I am entering a mutual fund Buy transaction in Quicken for Mac, and I cannot enter the share price as I can with the Windows version, is this true? I know the total cost/amount I am investing, and I know the closing price  I would like Quicken to take those values and calculate the number of shares. But it seems it requires me to do the math with a calculator as I am only allowed to enter total cost and number of shares, and it calculates the price? Am I missing something, why the restriction?
0
Best Answer

If you want your records to match the brokerage, do not let Quicken calculate the number of shares on a transaction. This will lead to rounding errors, followed by placeholder transactions, followed by headaches.Please always enter
 number of shares
 commission
 total amount
 let Quicken calculate the price per share to as many decimal places as it can
6
Answers

Hello Don. Appreciate your question.
You are correct with the information in which you have posted. Quicken for Mac will take the total cost (what you spent on the shares) and will divide the total of shares in which you bought and will give you a quote from your brokerage.
Once the information is added (either by adding the security or Adding Shares to the security) then the system will provide the newer totals (adding or removing based on the current values from the trading day.)
We apologize that the software can't do the reverse option, but normally the information in which you receive from your brokerage will have the data that you need to setup the security. You could also setup automatic downloads from your brokerage as well.
Hope this information is helpful.
Respectfully,
~ Quicken Harold.Quicken Harold
Community Moderator0 
If you want your records to match the brokerage, do not let Quicken calculate the number of shares on a transaction. This will lead to rounding errors, followed by placeholder transactions, followed by headaches.Please always enter
 number of shares
 commission
 total amount
 let Quicken calculate the price per share to as many decimal places as it can
6
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