Thank you both for replying.
FYI - I am using KmyMoney 3.98.1 on Mepis 11 (Debian Squeeze based)
I was able to get the Quantity corrected to show the proper decimal point.
I also realized the reason my quantity of shares was becoming my fund
value was because KmyMoney had current market value set at $1 per
share. Once I updated the current market value, things made more
sense. I will play with KMyMoney some more and see if I have any other
issues. Thank you very much for your prompt replys and for the
excellent software.
Nathan
On 03/25/2013 03:16 PM, aga wrote:
On Mon, 25 Mar 2013 14:52:11 -0500
Nathan Schwarz<npschw...@cableone.net> wrote:
I have used kmymoney for a few years for my checkbook but have never
been able to use it for my mutual funds and IRA portfolio. I checked
it again last night and I see some improvements have been made.
However, KmyMoney still doesn't seem to handle mutual funds properly.
I have set up a mutual fund institution and using the ledger I input
the sale price as a total price for all funds ($2500). I then input
the number of shares purchased (19.901) (Share price should be
$125.620. It would seem more logical to input the sale price and
calculate shares purchased).
The number of decimal places is set in the Investment Details wizard
when you set up or edit a security. Look at the fraction setting.
Whilst there, look also at the Price entry field, which allows one to
select to input either a total amount for a Transaction, or the price
per share. You may find additional help in the handbook.
After inputting the total purchase price and the shares purchased
and selecting 'enter' the first thing I notice in the ledger is that
my quantity has been rounded down from 19.901 shares to 19.90
shares. The second thing I notice is that due to this rounding
change the price has been calculated to be $125.6281 instead of the
the actual price listed on the stock exchange of $125.620.
Finally
in the Balance column and its total at the bottom it shows my
quantity of 19.90 shares as the total dollar amount instead of the
actual dollar amount of $2500. This incorrect total of $19.90 is
then carried to the home page as well instead of showing the actual
value of the fund. I think a total # of shares owned is vital
information, but KmyMoney seems to be mixing it up in place of the $
amount.
Please have someone well versed in mutual fund ownership look into
this section of the software to ensure it is handling mutual funds
properly.
Thank you
Nathan
See if that helps, but let us know either way. Incidentally, and in
case it may be relevant, what revision of KMM do you use, and what
distro/OS?
Allan
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