Reinvest Dividend in Budgets
I get quarterly dividends from certain stocks I own that are reinvested to buy more shares. I manuallyenter these transactions as Reinvest Dividend transactions in accounts set up for each of the stocks. However, the budget process does not recognize these as dividend income. For stocks I have that are managed by market managing firms, the downloads that go to Quicken for reinvested dividends are captured in the budget. The reason is that there are two entries in the download, one the dividend income amount and the other a buy transaction for the shares purchased by the dividend. I am wondering whether the budget process should include Reinvest Dividend transactions. When I manually add a Dividend Reinvestment transaction, I have to enter the dividend dollars, the shares purchased, and any fee charged.
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