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

bethwr
Member ✭✭✭
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!
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!
0
Answers
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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.1 -
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!
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 Jared0 -
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?0
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