File Validate keeps pinging on a Stock Split transaction

MattT
MattT Member ✭✭✭✭
edited December 2021 in Investing (Windows)
This has been going on for years, but whenever I validate my Q file, I get:
  • Quicken has found 1 stock split(s) for account "AccountName", security "FIDELITY SELECT RETAILING", on 5/11/2018 that might be missing.
The subject transaction is there and is entered correctly.  I even went back to Fidelity's announcement of the split in 2018 to see if I missed any information that Q might be looking for in the transaction, but found none.

I saw another user's complaint here about this very message dated a few years ago in which the only answer that was not a guess was essentially... if the transaction is okay in Quicken, then ignore it.  This has been my approach ever since 2018 when I tried to determine what the problem was; I'd just like to get a completely clean validation again... LOL

Any assistance appreciated.

TIA
Matt

Best Answers

  • UKR
    UKR SuperUser ✭✭✭✭✭
    Accepted Answer
    ISTR a similar situation with one of my stocks a few years ago. The issue turned out to be a difference between the date I used to record the Stock Split transaction in Quicken and the date the brokerage actually recorded the split. Adjusting my transaction date made the message go away.
    If the brokerage downloaded an "Add Shares" transaction instead of a "Stock Split", you may also get this messages ... I'm guessing here ...
  • MattT
    MattT Member ✭✭✭✭
    Accepted Answer
    UKR, interesting thought about "Add Shares".  When I researched back to 2018 on my Fidelity history, I seem to recall now that posted transaction described the transaction as a split, but the mechanics appeared just to add shares to the account total (e.g. +933 shares) and the post-split share value took care of the dollar reconciliation.

    I'll have to try substituting the split transaction for an "add share" and see if that makes everyone happy.  Fidelity has been very very good about downloading proper transactions (meaning I typically never have to change anything in QW to keep every thing true and accurate), but every so often Fidelity throws a curveball in there, and this looks like a perfect opportunity for them to have done so... LOL

    TU
  • MattT
    MattT Member ✭✭✭✭
    Accepted Answer
    UKR, yes, changing Q transaction from "Stock Split" to "Shares Added" resolved the Validation message.

Answers

  • UKR
    UKR SuperUser ✭✭✭✭✭
    Accepted Answer
    ISTR a similar situation with one of my stocks a few years ago. The issue turned out to be a difference between the date I used to record the Stock Split transaction in Quicken and the date the brokerage actually recorded the split. Adjusting my transaction date made the message go away.
    If the brokerage downloaded an "Add Shares" transaction instead of a "Stock Split", you may also get this messages ... I'm guessing here ...
  • MattT
    MattT Member ✭✭✭✭
    Accepted Answer
    UKR, interesting thought about "Add Shares".  When I researched back to 2018 on my Fidelity history, I seem to recall now that posted transaction described the transaction as a split, but the mechanics appeared just to add shares to the account total (e.g. +933 shares) and the post-split share value took care of the dollar reconciliation.

    I'll have to try substituting the split transaction for an "add share" and see if that makes everyone happy.  Fidelity has been very very good about downloading proper transactions (meaning I typically never have to change anything in QW to keep every thing true and accurate), but every so often Fidelity throws a curveball in there, and this looks like a perfect opportunity for them to have done so... LOL

    TU
  • MattT
    MattT Member ✭✭✭✭
    Accepted Answer
    UKR, yes, changing Q transaction from "Stock Split" to "Shares Added" resolved the Validation message.