DRP share purchases

Posted by rembo on July 15, 2006, 9:45 am

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I tried entering a DRP share purchase (AU) via the "Reinvest Income"
transaction.It lets me enter the income (Franked, UnFranked and
Imputation Credit) figures OK, and I can enter the number of shares
issued against any ONE of these three items (as the shares are
"purhcases" using the total dividend payment), but, when I try to save
the record, Quicken says that "you must enter a share amount" -
apparently it expects some shares to have been bought with EACH of the
three entered payment amounts.

How can I enter this type of transaction correctly? If I just split the
purchase share quantities among the three payments amounts, the share
lot avg prices will be incorrect, unless I do some fancy calculations
to allocate fractional shares for each amount.

The only alternative would be to enter the dividend receipts, then do a
share purchase as a separate transaction. This seems to defeat the
purpose of the "reinvest income" transaction type.

Last time I used the Australian version of Quicken (1998) this sort of
transaction was handled correctly, but the new version (2006) I
recently started using doesn't seem properly customised for Australia -
it has the terminology, but doesn't handle the transaction sensibly.