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Quicken Mis-Calculating

Today, when I opened up my Quicken Premier 2006 Data file (and the backup file too!), I found that Quicken is mis-calculating the balances on my two Roth IRA's.

The balances are listed as being in the millions of $$$$ (I only wish....) when they should each be around $20K.

I had a scheduled transaction to make a deposit into each account today. But I have not made those deposits yet. Since the error showed up today, I thought that it might me related to that. So, I deleted those scheduled transactions, but the balances are still grossly overstated.

Then I decided to validate my database, but that didn't fix the problem either.

One of the accounts shows 133 shares at $140/share which should be about $18,620, but Quicken shows it's balance in Net Worth as $1,761,965!!!

The other account has 2164 shares at $12/share which should equate to $25,968/ But Quicken's Net Worth shows this account to be $ 2,622,898!!!!

This sort of thing has happened to me with older versions of Quicken (a few years ago), but I don't remember how i fixed it.

Can someone help me out with this?

Thanks!

Reply to
BRH
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I've seen similar things when a security price gets messed up. If you go to the security that you hold int eh accounts, and look at the price history, that would show if it were the problem. A missing decimal place could be to blame.

I've sometimes entered a price and number of shares reversed, and it does nasty things like this.

Hope this helps.

Reply to
JimH

Jim,

Thanks for the tip about checking the price histories. The recent share price history (today's) was off by TWO decimal places. The interesting thing is that the share price wasn't input by me, but was downloaded by Quicken.

For some reason, only these two accounts were affected. I have other mutual funds whose pricing was downloaded correctly. Go figure....

Thanks again!

Reply to
BRH

Care to share WHICH fund was the culprit, so that others can look for the same problem?

db

Reply to
danbrown

In my case they were:

a) T Rowe Price Spectrum Income b) Vanguard Health Care

Reply to
BRH

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