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Expert Solutions for Managing Employee Stock Options: Overcoming Quicken Limitations and Finding the Right Softwar (2023 Update)

I have Quicken Premier subscription, all software up to date.

I have two related problems with accounting for employee stock options.

In real life, my options have grant date and first-vest-date that are oddly out of sync. Grant date is August 15 2017, but first vest date is less than a year later on July 31. Problem number 1: Quicken insists on setting the first vest date to August 15. Quicken will not permit me to edit dates. This is a bug, and is problem number one.

On July 31, I vested N shares in real life. However, Quicken insists on setting the number of vested shares to N-1. Quicken will not permit me to edit this number. This is not *quite* a bug, rather it is a feature that I want but cannot have. Quicken's arithmetic is not really wrong, but rather my employer has generously rounded up the number of shares by a fraction of 1. This is problem number two.

Since problem number two is not a bug that I can whine about to Quicken, I don't have much hope for a fix. I am looking for work-arounds. My current thought is to delete all record of option grants from Quicken, and enter future vesting events as ordinary purchase events in a new "phantom" brokerage account in Quicken. Is there a better way?

Reply to
David Arnstein
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This question did not get an answer at the time because it was posted in a wrong group, but I will try to address it now

It sounds like you are running into some limitations with Quicken's handling of employee stock options. Unfortunately, as you've noted, it seems that Quicken does not allow for editing the grant and vesting dates, and it also has a set method for calculating the number of vested shares.

One potential workaround for problem number one is to enter the grant date as the first vest date, and then manually keep track of the actual vesting schedule in a separate document or spreadsheet. This way, you can still see the grant date in Quicken, but you'll have a separate record of the actual vesting schedule.

For problem number two, one potential workaround would be to enter the vested shares as a separate transaction, using the "phantom" brokerage account you mentioned. This way, you can enter the correct number of shares that vested on the correct date, regardless of what Quicken calculates.

Another possible workaround is to use a specific software for stock options accounting like "Stock Option Plan Administration Software" that can handle the vesting schedule, the number of vested shares, the tax implications and more.

It's worth noting that these workarounds may not be ideal and may require additional manual tracking and effort. Before deciding on a solution, it's important to weigh the time and effort required for the workaround versus the importance of having accurate records for your employee stock options.

there are several options for Stock Option Plan Administration Software that can help with the tracking, accounting, and administration of employee stock options. Here are a few examples:

  1. Carta -
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  2. Eqvista -
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  3. Solium -
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  4. Equity Edge -
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  5. Shareworks by Morgan Stanley -
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These are some examples of the software that can handle the administration of stock options plans, but there are other providers that offer similar services. It's important to research and compare the features, pricing and the level of customer service of each provider to select the best fit for your specific needs. Additionally, you should also consider the compatibility of the software with your current accounting software or if they offer integration capabilities.

Reply to
Smart Bean

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Reply to
Dane christian Neilson

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