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Posted by TomYoung on July 10, 2008, 6:46 pm
Please log in for more thread options wrote:
ups.com,
>
>
>
> > wrote:
> >> I'm using Quicken 2006 Deluxe and it is having problems showing
> >> correct figures for Net Worth.
>
> >> For example, let's say it shows net worth of $50,000 after I performed
> >> an "Update Online Quotes" late last night to download yesterday's
> >> closing stock prices. =A0This morning, I went to "Portfolio" and
> >> performed an "Up
> > date
> >> Online Quotes" again to get mid-morning quotes. =A0At the bottom of th=
e
> >> screen it shows my Portfolio's value INcreasing by $2,000, but my Net
> >> Wor
> > th
> >> has DEcreased to $49,000 (these are not the actual numbers, but you
> >> get t
> > he
> >> idea).
>
> >> Why is this happening and is it fixed in more recent versions?
>
> > Net Worth is the sum of all your assets and liabilities, so changes in
> > other accounts away from your Investment Account can swamp the change
> > in your investment account. =A0Based on your example it seems that the
> > sum of declines in other asset accounts (e.g., expenses paid by check)
> > and increases in other liability accounts (e.g., expenses paid via
> > credit card) amounted to -$3,000 which, when added to your $2,000
> > increase in the investment account nets out to a $1,000 decrease in
> > Net Worth.
>
> No, the Net Worth properly updates immediately when i enter a check,
> credit card, or other transaction.
>
> > You don't say where you're reading this net worth figure - I assume at
> > the bottom of the account bar
>
> Correct.
>
> > - but if you run a net worth report
> > making sure to include *all* accounts, even hidden ones, you should be
> > able to see the composition of changes in net worth from day to
> > day.
>
> I do not have any hidden accounts with non-zero balances.
Have you run a Net Worth report when you notice the problem and then
compare the report to the Account Bar? If you compare the report line-
for-line to the Account Bar and each line agrees but the totals are
different that might indicate a problem, or not. Also, in the back of
my mind I seem to recall some funkiness with Quicken's handling of x-
dividend stocks, but I don't remember exactly what that issue is. I
*think* Quicken might calculate the "Day Change" and "Day Gain/Loss"
for x-div stocks incorrectly, or at least not consistent with how the
markets make the calculation. Again, next time this occurs look at
each stock's Day Change (share price change) and compare that to how
your broker is presenting the change; you might spot something there
that helps.
Tom Young
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