Improve efficiency

ML Johnston
ML Johnston Member ✭✭

When editing investment transactions the default is change the price but 99.9% of the time it is the total amount that need to change. Please fix this.

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  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭

    The amounts in investing transactions must be consistent between the number of shares, the price per share, the commission if any, and the total amount. If you enter any 3 of these, Quicken can compute the 4th. Usually it is more important to get the total consistent with your broker's statement rather than the price per share, because that is what determines your cost basis.

    If you try to change the total amount in a transaction that has already been recorded, one of the other values must change to make the arithmetic correct, and most often it is the price that should change to match what you have entered. Quicken is just asking you to confirm that that is what you want.

    If this does not explain your issue and why Quicken behaves as it does, please clarify.

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  • Chris_QPW
    Chris_QPW Member ✭✭✭✭

    Even though it looks "natural" the way it is currently laid out, it probably would be better to have the price to be the last field, so that when you are entering and tabbing through them the price would be the last one and the one it calculates.

    One of the nasty secrets of this is that there isn't any standard on what to round to and what's more lots of the financial institutions round the price they send to Quicken different than what they have on their website. So, like @Jim_Harman said the only really accurate way to enter the transaction is to have the price be the one that is calculated.

    This is my website: