How can I reconcile the # of shares held in a brokerage/401k account?

bethwr

Occasionally the number of shares of mutual funds in Quicken gets out of sync with the actual number. When I try to perform a reconciliation, Quicken only allows me to reconcile the cash in the account.

If I recall back to my old Quicken PC days, I think I was able to reconcile all of the holdings.

Do I have to go in and manually "buy/sell" shares to correct it?

Thanks in advance!

John_in_NC

You can only reconcile the cash amount and not securities.

If you wish to adjust shares, then you (likely) would use Add/Remove as this won't affect cost basis/cash balance. You do have the option to enter the possible missing cost basis with the Add Shares if needed.

If this as online connected account, I would wait a few days for all transactions to download/balance updates before I start making add/remove shares transactions. I have some brokerage accounts which have a disconnect between funds purchased and total held on the same day. The balances usually resolve in a day or two without my intervention.

Quicken Jared

bethwr said:

Occasionally the number of shares of mutual funds in Quicken gets out of sync with the actual number. When I try to perform a reconciliation, Quicken only allows me to reconcile the cash in the account.

If I recall back to my old Quicken PC days, I think I was able to reconcile all of the holdings.

Do I have to go in and manually "buy/sell" shares to correct it?

Thanks in advance!

Hello @bethwr,

I understand that issues with investment accounts reporting the correct information can be frustrating, and I thank you for choosing to seek information here on the Quicken Community. If I might ask, what financial institution are you noticing this problem with?

Thanks,

Quicken Jared 

maeagle

I am contiuing to have problems with stock options not reconciling with Schwab. Schwab says 2 and Quicken says 200. I know 2 means number of contracts with each contract equaling 100 shares. ...so downloaded prices are on a per share basis not per contract. Quicken must show the number of shares in order for account balances to agree. This was not a problem before the Schwab transition...so why can't someone get this fixed?