After downloading the investments, each "buy" is always .01 cent off from the statement. why?

I have to go through each individual transaction and change it.  This is not acceptable as there are a lot of transactions in each of the investment accounts.

Best Answer

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    edited April 2019 Accepted Answer
    I do regularly download from Fidelity ... and there's a difference between how Fidelity calculates values and how Q calculates them.
    Fidelity TRUNCATES to the nearest penny.  Q ROUNDS to the nearest penny.
    You're only option, regrettably, is to live with it.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP

Answers

  • K.O. (Win-Premier)
    K.O. (Win-Premier) SuperUser ✭✭✭✭✭
    Which broker are you downloading from and what types of securities are you transacting in?
  • Vaa
    Vaa Member ✭✭
    Wells Fargo Management and Fidelity investments.
    Stocks, Bonds, CD's
  • K.O. (Win-Premier)
    K.O. (Win-Premier) SuperUser ✭✭✭✭✭
    I have not downloaded transactions from Wells Fargo Management nor Fidelity Investments.  Others monitoring this category may have experience with these two. Sorry.
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    edited April 2019 Accepted Answer
    I do regularly download from Fidelity ... and there's a difference between how Fidelity calculates values and how Q calculates them.
    Fidelity TRUNCATES to the nearest penny.  Q ROUNDS to the nearest penny.
    You're only option, regrettably, is to live with it.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Vaa
    Vaa Member ✭✭
    edited April 2019
    It happens primarily with Wells Fargo and only in the investment stock purchases.  It does not do it in the Sells or banking transactions.  This issue did not occur with previous versions, only after I upgraded to 2019 subscription.
    [removed]
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