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0 shares in quicken Scottrade account bigbear V 07-04-2007
Posted by John Pollard on July 5, 2007, 7:31 pm
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 bigbear V wrote:
> Thanks John
>
> the following response covers both suggestions I received.
>
> BTW, I am using Q h&b 2007. It doesn't seem to be a rounding
> problem. All my Q entries are made on an a mostly daily basis
> by
> updates from the brokerages. I checked all the entries in
> question -
> the only ones that were from this year and tried to edit the
> entries
> but the price per share came out exactly the same. I also
> notice
> with mutual funds where there are many fractional entries, the
> shares
> are shown as exact. The FRO is shown as zero. When I tried
> to enter
> a present day sell 'all'. Strangely enough it wants to sell
> 500
> shares!!!. When I go thru with that - lo and behold, I end up
> with -
> 500 shares in the summary! I am confused.
> I also tried John's suggestion but I did not have show closed
> lots
> checked. When I did check it to see what would happen, nothing
> changed except a bunch more previous trades showed up greyed
> out.


> Thanks much for the help - any other suggestions :(

Just guessing.

Try creating a "New" Quicken file, create one investment account
to match the one you're having problems with. Enter the first
two Buy/Sell transactions you reported (and I am assuming that -
as RC suggested - your purchase is entered without a
price/share) ... then check the Summary tab to see if the
security is reported with zero shares (insuring that closed lots
are not being reported).

If you see the same problem, I don't know what to tell you.

If you do not see the same problem, enter the second pair of
Buy/Sell transactions (same caveats as above) and note the
result.

If you see the same problem, I suspect there is a bug in the
Quicken ESPP logic; though I have to say, while I have zero
experience in this area, I do not recall anyone reporting
experiencing this particular problem.

If you do not see the same problem in your "New" Quicken file:
return to your regular Quicken data file and delete the original
Sell, then Buy, transactions ... and re-enter them.

Backup before you attempt any change to your current Quicken
data.

--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup




Posted by bigbear V on July 6, 2007, 9:20 am
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 Thanks much John!

We're off for the weekend so I'll pick this up and try the suggestion on
Monday and get back to you then.

bigbear





> bigbear V wrote:
>> Thanks John
>>
>> the following response covers both suggestions I received.
>>
>> BTW, I am using Q h&b 2007. It doesn't seem to be a rounding
>> problem. All my Q entries are made on an a mostly daily basis
>> by
>> updates from the brokerages. I checked all the entries in
>> question -
>> the only ones that were from this year and tried to edit the
>> entries
>> but the price per share came out exactly the same. I also
>> notice
>> with mutual funds where there are many fractional entries, the
>> shares
>> are shown as exact. The FRO is shown as zero. When I tried
>> to enter
>> a present day sell 'all'. Strangely enough it wants to sell
>> 500
>> shares!!!. When I go thru with that - lo and behold, I end up
>> with -
>> 500 shares in the summary! I am confused.
>> I also tried John's suggestion but I did not have show closed
>> lots
>> checked. When I did check it to see what would happen, nothing
>> changed except a bunch more previous trades showed up greyed
>> out.
>
>
>> Thanks much for the help - any other suggestions :(
>
> Just guessing.
>
> Try creating a "New" Quicken file, create one investment account
> to match the one you're having problems with. Enter the first
> two Buy/Sell transactions you reported (and I am assuming that -
> as RC suggested - your purchase is entered without a
> price/share) ... then check the Summary tab to see if the
> security is reported with zero shares (insuring that closed lots
> are not being reported).
>
> If you see the same problem, I don't know what to tell you.
>
> If you do not see the same problem, enter the second pair of
> Buy/Sell transactions (same caveats as above) and note the
> result.
>
> If you see the same problem, I suspect there is a bug in the
> Quicken ESPP logic; though I have to say, while I have zero
> experience in this area, I do not recall anyone reporting
> experiencing this particular problem.
>
> If you do not see the same problem in your "New" Quicken file:
> return to your regular Quicken data file and delete the original
> Sell, then Buy, transactions ... and re-enter them.
>
> Backup before you attempt any change to your current Quicken
> data.
>
> --
> John Pollard
> First initial underscore Last name at mchsi dot com
> Please reply to newsgroup
>
>
>



Posted by John Pollard on July 6, 2007, 10:35 am
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John Pollard wrote:

> Just guessing.
>
> Try creating a "New" Quicken file, create one investment
> account
> to match the one you're having problems with. Enter the first
> two Buy/Sell transactions you reported (and I am assuming
> that -
> as RC suggested - your purchase is entered without a
> price/share) ... then check the Summary tab to see if the
> security is reported with zero shares (insuring that closed
> lots
> are not being reported).
>
> If you see the same problem, I don't know what to tell you.

Since I'm needing to correct my mistake (see below), while I'm
here, I'll add that I tried to duplicate your problem with a
regular Buy followed by a regular Sell ... and the security no
longer appeared in the account Summary "Holdings" pane when
"Show closed lots" was not checked ... and I can't think of any
other reason for a straight Buy followed by a Sell of all shares
to leave zero shares displayed other than R.C.'s suggestion or
showing closed lots.

> If you do not see the same problem, enter the second pair of
> Buy/Sell transactions (same caveats as above) and note the
> result.
>
> If you see the same problem, I suspect there is a bug in the
> Quicken ESPP logic; though I have to say, while I have zero
> experience in this area, I do not recall anyone reporting
> experiencing this particular problem.

Hmmm; not sure what I was thinking here (maybe someone else was
discussing ESPP purchases and sales and I got the two
discussions mixed up). Clearly, you didn't say anything about
ESPP transactions. Sorry about that.

Anyway, I think you can just sort of substitute the short-sell
and cover transactions for the ESPP Buy/Sell mistake in my
suggestion. [I don't have any experience with short sells and
covers either. :) ]

An additional thought: in your current Quicken data, what does
the "Holdings" pane show if you change its "As of" date to, say,
March 14? How about March 6? (I'm presuming - guessing,
really - that on both dates you actually held zero shares ...
and wondering what Quicken says you held.)

> If you do not see the same problem in your "New" Quicken file:
> return to your regular Quicken data file and delete the
> original
> Sell, then Buy, transactions ... and re-enter them.
>
> Backup before you attempt any change to your current Quicken
> data.

--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup




Posted by R. C. White on July 6, 2007, 12:50 pm
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Hi, John.

> Hmmm; not sure what I was thinking here (maybe someone else was
> discussing ESPP purchases and sales and I got the two
> discussions mixed up). Clearly, you didn't say anything about
> ESPP transactions. Sorry about that.

Yeah, the post immediately before this one by "bigbear V" was from
"davecarlen@gmail.com", Subject: Quicken says no shares available to sell
(ESPP), 7/4/07 1:45 PM (CDT). In that one, Dave was asking a very similar
question about shares in his ESPP account.

Since your news server doesn't keep messages more than a day or two, it is
amazing that you don't get threads tangled more often, John. It just makes
your support here even more impressive! ;<)

RC
--
R. C. White, CPA
San Marcos, TX
(Retired. No longer licensed to practice public accounting.)
rc@grandecom.net
Microsoft Windows MVP
(Currently running Vista Ultimate x64)

> John Pollard wrote:
>
>> Just guessing.
>>
>> Try creating a "New" Quicken file, create one investment
>> account
>> to match the one you're having problems with. Enter the first
>> two Buy/Sell transactions you reported (and I am assuming
>> that -
>> as RC suggested - your purchase is entered without a
>> price/share) ... then check the Summary tab to see if the
>> security is reported with zero shares (insuring that closed
>> lots
>> are not being reported).
>>
>> If you see the same problem, I don't know what to tell you.
>
> Since I'm needing to correct my mistake (see below), while I'm
> here, I'll add that I tried to duplicate your problem with a
> regular Buy followed by a regular Sell ... and the security no
> longer appeared in the account Summary "Holdings" pane when
> "Show closed lots" was not checked ... and I can't think of any
> other reason for a straight Buy followed by a Sell of all shares
> to leave zero shares displayed other than R.C.'s suggestion or
> showing closed lots.
>
>> If you do not see the same problem, enter the second pair of
>> Buy/Sell transactions (same caveats as above) and note the
>> result.
>>
>> If you see the same problem, I suspect there is a bug in the
>> Quicken ESPP logic; though I have to say, while I have zero
>> experience in this area, I do not recall anyone reporting
>> experiencing this particular problem.
>
> Hmmm; not sure what I was thinking here (maybe someone else was
> discussing ESPP purchases and sales and I got the two
> discussions mixed up). Clearly, you didn't say anything about
> ESPP transactions. Sorry about that.
>
> Anyway, I think you can just sort of substitute the short-sell
> and cover transactions for the ESPP Buy/Sell mistake in my
> suggestion. [I don't have any experience with short sells and
> covers either. :) ]
>
> An additional thought: in your current Quicken data, what does
> the "Holdings" pane show if you change its "As of" date to, say,
> March 14? How about March 6? (I'm presuming - guessing,
> really - that on both dates you actually held zero shares ...
> and wondering what Quicken says you held.)
>
>> If you do not see the same problem in your "New" Quicken file:
>> return to your regular Quicken data file and delete the
>> original
>> Sell, then Buy, transactions ... and re-enter them.
>>
>> Backup before you attempt any change to your current Quicken
>> data.
>
> --
> John Pollard


Posted by John Pollard on July 6, 2007, 1:23 pm
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Thanks for the kind words, RC.

--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup



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