How to get the Total Market Value to match

chall3809
chall3809 Member ✭✭
edited August 18 in Download, Add/Update Accounts (Windows)

I've reconciled shares and cash balance for my Charles Schwab account but the Total Market Value in Quicken just doesn't match my Account Value in Schwab. How can I get these values to match?

Answers

  • jeeper
    jeeper Quicken Windows Subscription Member ✭✭✭

    are you looking at the Quicken "Holdings" value -scroll down to the account status & value ?
    and do you have the Cash setup as a Linked Account in Quicken - or just Cash Balance ?

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  • chall3809
    chall3809 Member ✭✭

    I don't see any of these menu options. where are you getting them?

  • splasher
    splasher Quicken Windows Subscription SuperUser ✭✭✭✭✭

    Okay, so the # of shares and the cash balance are the same, but is Quicken using the same quotes as Schwab?

    -splasher using Q continuously since 1996
    - Subscription Quicken - Win11 and QW2013 - Win11
    -Questions? Check out the Quicken Windows FAQ list

  • chall3809
    chall3809 Member ✭✭

    As far as I know they are.

  • volvogirl
    volvogirl Quicken Windows Other SuperUser ✭✭✭✭✭

    How much difference? If the number of shares is right you might have a price dated in the future or a wrong price listed for the current date. Edit the price history to check. Or even a transaction dated in the future. And I wouldn't worry about small differences like under $10 due to rounding.

    I'm staying on Quicken 2013 Premier for Windows.

  • Tom Young
    Tom Young Quicken Windows Subscription SuperUser ✭✭✭✭✭

    One thing that might be incorrect between the two (Quicken and Schwab) is that the quotes for the securities are different, so check that. Sometimes there are small differences between Schwab quotes and Quicken quotes.

    Also, one reason that quotes can differ is that the securities shown at Schwab are not exactly the securities you've listed in Quicken. This if frequently an issue with mutual funds and ETFs as the names of the two can be almost exactly the same.

    Between the two items that make up Total Market Value - Cash and Securities - does one or the other match Schwab, or are they both off?

  • chall3809
    chall3809 Member ✭✭

    Thanks - I'll have to look at these closer. Most of my securities are Options - that's probably where the difference lies.

  • dewhitney
    dewhitney Quicken Mac Other Member ✭✭

    Quicken has two ways to calculate "Market Value." On the same page you will see both! One way shows the current price times the number of shares. The other (smaller) shows the previous number minus the amount you paid for those shares, or your net unrealized profit. If you have bought and sold shares over time then the market value takes into account the amount of cash you have taken out via sales as well as what you put in to buy shares.

    Screenshot 2024-07-18 at 12.20.41 PM.png

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