Quicken 2015 and Schwab differ on account balance

snipped-for-privacy@nada.com wrote in news: snipped-for-privacy@4ax.com:

By "balance" I assume you mean the dollar value of your portfolio, which is calculated by multiplying the number of shares of each security in your portfolio by its closing price. The first thing you have to do is make sure that Q and Schwab agree on your holdings. Assuming the match, then the problem is in the price(s).

It is quite possible that Q and Schwab get their prices from different sources which don't match, especially if the security is traded on multiple exchanges. Or one source may report after hours trades. Compare the price for each holding in Q with what Schwab says and you will probably find the discrepancy.

I wasn't referring to computed values by multiplying shares times price. What I was referring to is the difference between the Schwab website numbers compared to what Quicken gets by a One Step Update through Quicken. Since both get the data directly from Schwab, they ought to be the same.

YOU still need to make the comparisons, security by security, to determine where the difference arises from. Without YOUR effort, no one can assist you in understanding WHY.

It could be as simple as you inadvertently changed a number somewhere.

I cannot have changed anything because there is nothing I can change. Since setting up the Schwab Quicken account, I have done nothing but download updates. I have never entered or changed anything.

I will delete the Schwab account from Quicken and redo it to see if the problem continues.

Checking over 50 securities one at a time isn't worth the effort when the Schwab site is likely accurate. I was just curoius why their was a difference.

User data input error. But if you don't care enough to chase down the problem ... why should anyone else???

Not possible, as I said, because I have never entered anything about my Schwab account into Quicken.

Because not everyone is an insufferable jerk.

Nor an ignorant fool, who won't do the simple work that ONLY the fool can do to resolve the issue.

I just tried deleting my Schwab account and it was a disaster for me. My Quicken transactions go back to 1996 but a "redo" only picks up transactions starting with 2013 so everything was way off. Of course if you did not start Quicken until 2013 or later it might work for you. Fortunately, I had a good backup and could restore from that.

I have had similar difficulties with Quicken in the past and use the Schwab report under History & Statement/Transactions to compare the Quicken report of Investment Transactions. Admittedly it is a lot of work.

Another possibility would be to export Schwab portfolio values to Excel and then do the same with Quicken. With these two spreadsheets, you can probably identify the one or two (or more) stocks that don't agree. Then look at the transactions that are recorded for these stocks in Quicken to see if you can identify the problem

depends on timing ... ask Schwab what TIME they update your account values. Q updates at time of d/l ... also suggest you research one investment to see if you can ID problem.

probably depends on the time that Schwab does their pricing and when you do the Q download.

Ask Schwab about timing.

first off - you say 50 items in your Schwab account ?

what kinds of items... are these stocks, ETFs, mutual funds, CDs, etc -

My question really relates to what happens with any Divs, Interest, or Cap Gains ???

If you just have stocks - and normal Price x Shares --> Balance then it would be easy to run thru the comparison lists. However, if you have anything where partial shares get added, then it's a nightmare to see where or when something didn't get picked up by OSU.

I have Schwab for simple stocks, and TRowe, Fidelity, and Vanguard for mutual funds, which I occasionaly go thru on a weekend - after all updates - and match every account holding with their respective website. Every so often I find an amount that fell thru the cracks.

SO - it's up to you.