Reinvested Dividends - Quicken 2012 Canadian Version

Hi, Rob.

You should make two entries, but start at the beginning, not the end.

First, record receipt of the whole dividend as cash into your account. Then record purchase of shares from that cash account, using most of the cash but leaving the balance in the account.

If you really want to do it all in a single entry, then use a Split entry: Again, record the whole dividend as income, then record the purchase of whole shares as a Transfer to your shares asset account, letting the remainder stay in your cash account.

As an accountant, I would see this as a single entry: Debit: Cash in account $ 1 Debit: New shares purchased $ 9 Credit: Dividend Income $10

I've never used the Canadian Quicken, but this general idea should work with any bookkeeping system.

RC

-- -- R. C. White, CPA (Retired; no longer licensed to practice accounting) Sent from Acer netbook

Hi All,

I've been wondering about Reinvested Dividends in my portfolio and entering them in Quicken 2012 Canadian version. Basically, I have to do two entries - one for the cash reinvested into stock, and another for the remaining cash portion that wasn't enough to buy another whole share. I would think we should be able to enter everything in one entry, but have not been able to find a way to do so.

Thanks Rob