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Quicken errors in Net Worth

I'm using Quicken 2006 Deluxe and it is having problems showing correct figures for Net Worth.

For example, let's say it shows net worth of $50,000 after I performed an "Update Online Quotes" late last night to download yesterday's closing stock prices. This morning, I went to "Portfolio" and performed an "Update Online Quotes" again to get mid-morning quotes. At the bottom of the screen it shows my Portfolio's value INcreasing by $2,000, but my Net Worth has DEcreased to $49,000 (these are not the actual numbers, but you get the idea).

Why is this happening and is it fixed in more recent versions?

Reply to
George Walker Bush
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No, the Net Worth properly updates immediately when i enter a check, credit card, or other transaction.

Correct.

I do not have any hidden accounts with non-zero balances.

Reply to
Alotta Fagina

No, the Net Worth properly updates immediately when i enter a check, credit card, or other transaction.

Correct.

I do not have any hidden accounts with non-zero balances.

Reply to
George Walker Bush

It sounds like some data that was downloaded was incorrect, or incorrectly entered data that affected the later download.

I also noticed a big drop in net worth, but attributed it to the incomplete data for a split in PCU (Southern Copper). The stock price had dropped by 2/3rds, but the split had not yet been registered. I entered the split at 3 for 1, and the data once again looked good.

I've also seen problems like this when I've mixed up the number of shares and price when entering a stock purchase transaction. For example

47.65 shares at $100 instead of 100 shares at $47.65. Then, when an update corrects the price and I have 47.65 shares at 47.65. Suddenly, after an update, the net worth figure is wrong.

If it were me, I'd run a net worth report, show columns for each month, or week, and see where the amounts changed. Then focus in on where the change appears.

I doubt that it is a Quicken bug, or anything that is fixed in a more recent version.

-- Jim

Reply to
JimH

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