I pull down my investment stuff from RBC on line. Yet, every once in a while, after I go through the accept transaction process I get a message telling me I've recorded a short sale. Since I don't do those any idea what's happening?
Bill Gross wrote in news: snipped-for-privacy@4ax.com:
Quicken thinks you are selling more shares than you bought. How are you recording purchases? If you ever used the price per share in your input, Quicken will probably guess wrong on the number of shares. You need to input the number of shares and the total purchase price (commission is extra), then let Q calculate the $/share.
The purchases are down-loaded from RBC. So, I'm really not in putting them, just "accepting them."
Bill Gross wrote in news: snipped-for-privacy@4ax.com:
I'd in put the purchases in a test file, using my method: number of shares the company says you bought, at the total price they charged. See whether that works better when you sell the shares.
Also, how big a short sale do you have?
I find the same thing too. I never do short sales and both my buys and sales are downloaded from the FI.
Over the years I find the problem to be caused by either a date discrepancy between the purchases and sales or an error because of a small decimal point rounding by Quicken that makes it look like I have enough shares but I am lacking a fraction.
Wish I could tell Q not to roundup.
Other times it is an error in the downloaded share's name. Spun off shares are sometimes called "......." "New" which can throw Q off.
Some I have never figured out and they can be very annoying.
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