Apologies in advance for following question, but I HAVE to ask.....
BACKGROUND: I download every weekend data for several investment accounts from FI. Also receive a summary report of account balances as of download date.
Because of security purchases or sales that have not completed as of download date, Qkn often reports that there is more or less money (market value) in the account than the balances in the FI summary. Eventually, of course, as sales/purchases close everything balances out correctly.
Example: Security A is purchased (100 shares at $10). Sale has not closed. Cash has not been reduced, but shares appear in the account so account balance is temporarily overstated.
To make Qkn temporarily match the summary report, I make "cash added" or "cash withdrawn" adjustments.
All I really get from this added work is the ability to have the FI weekend balances reported in Qkn. I am awakening to the realization that this "work" may be "make-work" and totally unnecessary, as my wife points out.
QUESTION: Does anyone bother to tweak accounts in this fashion?
If not, is there no uneasiness about constantly overstated/understated market value balances in Qkn?
THANKS!