Handling stock splits - ie Amazon

Ps56k2
Ps56k2 SuperUser ✭✭✭✭✭
Just sharing my way of handling stock splits - you may see it differently. 
When my Schwab downloads a transaction reflecting a stock split - it merely does an Add Shares.  Since this is not how I want Quicken to handle it, I DELETE that downloaded transaction, and then manually enter the Quicken Stock Split transaction…. done. 

Also - as per @Tom Young

One problem you might face around the time of the split is that downloaded quotes might not line up correctly with the date of the stock split.  The download quote provider uses the split-adjusted quote for a few days before the actual split date. This seems to happen every time a stock split occurs, so correcting a few days of downloaded quotes might also be necessary.
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  • Ps56k2
    Ps56k2 SuperUser ✭✭✭✭✭
    WOW - surprised on both the price quotes and the actual stock split - at least on my Schwab downloads.
    1 - looking back at the recent Quicken prices for AMZN, and they are all good - not pre-pricing of the split price.
    2 - the actual stock split transaction came down today 6/6/22 - and it was a "stock split" vs the usual "add shares", so no further manual action required to fix up the price quotes or manually handle the actual stock split transaction.
    Don't know if there is anything different in Schwab migrating from Direct Connect to current Express Web Connect +
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