Is it possible to record fractional stock purchase?
Hello, I'm a new quicken user. I have a weird portfolio where I have lot of fractional stocks that are like 4 decimal places. My question is can one enter fractional stock purchases on Quicken? And is the calculations highly accurate?
Best Answer
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Yes, you can enter fractional share amounts/purchases.
Is Quicken accurate? Yes. But, rounding may cause slight differences in reported values depending on how your brokerage rounds.
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Answers
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Yes, you can enter fractional share amounts/purchases.
Is Quicken accurate? Yes. But, rounding may cause slight differences in reported values depending on how your brokerage rounds.
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Please check in Edit / Preferences / Reports only that "Decimal places for prices" is set to at least "4" or better "6".
Mutual Funds trade in fractions up to 3 decimal places. Dividend reinvestments for stocks are calculated with 5 decimal places. Digital currencies require 8 decimal places.
Beware of odd stock splits, e.g., 3 for 1, that end in fractional shares with an endless number of decimal places, like .333333When manually recording investment transactions, do be sure to enter the correct number of shares (as reported by the brokerage), the commission/fees and the total amount. Let Quicken calculate the price per shares to as many decimal places as it wants. To be able to reconcile your account, number of shares and amount MUST be correct, not rounded.
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@UKR I believe your reply is for Quicken Windows; Quicken Mac does not have any user controls over the number of digits for security transactions. In Quicken Mac, transactions will accept up to 6 decimal digits in the Share field.
Quicken Mac Subscription • Quicken user since 19930 -
Oops, once again, for not seeing "Mac" as the discussion's category. Maybe I need new glasses …
So, ignoring my first sentence, the remainder should be usable advice for everybody.0 -
Quicken Mac doesn't have a setting like that, at least not one I can find. Shares of stocks & mutual funds will display up to 9 decimal places automatically everywhere I've looked, including reports.
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