On 2012.04.20 15:16, Allan wrote:
On 20/04/12 19:02, Jack wrote:
I have a dividend reinvestment transaction which I cannot find a way
to enter. My broker (Merrill Lynch) includes a partial share
purchase in the value of the transaction, but only indicates the
whole number of shares purchased. I normally use a category of
"partial share purchase" to account for the difference between the
cost of the whole shares purchased and the full amount of the
dividend. I just use "add shares" when the partials are enough for
them to credit me with another whole share. However, today I have a
dividend which is only enough for a partial share. The "reinvest
dividend" transaction will not allow 0 shares. The "dividend"
transaction will not allow 0 as the total value ($.54 for dividend
and -.$54 for partial share purchase). I want to record the
dividend, but there is no change in number of owned shares or in the
balance of the brokerage account. Is there any way to do this? I
don't really think there is any bug, and I'm not sure whether it
makes sense to file an enhancement request to allow purchase of 0
shares or dividend of 0. Is there any way I can do this, or do I
have to fudge the numbers, adding a whole share and then removing
it? Thanks for any suggestions.
It's possible I'm not understanding fully, but it sounds like today
you've received a dividend. Can't it just be recorded as such, and
transfered into the brokerage account. Similarly for following
partial payments. Then, when Merrill do cough up the share, buy it
using the funds in the brokerage acount.
That would be the logical thing to do - but it would not reflect my
account, as the brokerage account is NOT increased by the amount of the
dividend. (It would work, but reconciliation would likely always be
off by a small amount of "pending" reinvestment amounts. I suspect the
"right" way to do this is just to make the reinvestment purchase of the
partial share, and as long as my count of shares is within 1 of theirs,
count it accurate. Another option would be to create a separate
"shadow" brokerage account with just those odd amounts. Again - this
is really due to the way Merrill Lynch handles this. This is also the
case where each such reinvestment is sent to me as three separate
transactions - one for the dividend, on for the reinvestment (with no
details except the total amount), and a third with all the details
(price, number of shares, ...)
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