I am new to Money (version 2004, Deluxe) and am having
difficulty recording investments to my stock DRIPs
(Dividend Reinvestment Program accounts). I record a
dollar amount in my checking account which transfers the
cash amount to my DRIP stock account. Later when I try to
record a stock purchase (at X dollars per share), either
the stock amounts or the dollar amounts are incorrect. It
appears that these problems are due to rounding errors. I
tried just entering the number of shares of stock
purchased but then I end up with all this unaccounted for
cash in the account. I am having similar problems in
mortgage accounts where my loan/interest payments don't
match Money's amortization schedule due extra priniciple
payments. Any ideas how to either turn off the automatic
rounding/amortization feature or to force Money to accept
the amounts that I enter? Help!

Re: DRIPS & other stock purchases by via_newsgroup

via_newsgroup
Thu Nov 06 12:27:19 CST 2003

In microsoft.public.money, Beth wrote:

>I am new to Money (version 2004, Deluxe) and am having
>difficulty recording investments to my stock DRIPs
>(Dividend Reinvestment Program accounts). I record a
>dollar amount in my checking account which transfers the
>cash amount to my DRIP stock account. Later when I try to
>record a stock purchase (at X dollars per share), either
>the stock amounts or the dollar amounts are incorrect. It
>appears that these problems are due to rounding errors. I
>tried just entering the number of shares of stock
>purchased but then I end up with all this unaccounted for
>cash in the account.

When entering a stock or fund purchase, enter the Quantity and
Total; do not enter the price per share. Let Money calculate that.