[Kmymoney] Automatically calculating the price

[David Houlden]

On Friday 04 January 2013 21:16:51 Allan wrote:
> On 04/01/13 19:24, Niranjan Rao wrote:
> > On 01/03/2013 01:38 PM, David Houlden wrote:
> >> On Thursday 03 January 2013 20:07:21 Niranjan Rao wrote:
> >>> Hi there,
> >>> 
> >>> For brokerage accounts, the information I get is dividend and number of
> >>> shares purchased for mutual funds. When I try to enter the entry,
> >>> KMyMoney forces me to calculate the price. While this task is easier, I
> >>> have noticed that its introducing rounding errors.
> >>> 
> >>> I remember from my Microsoft Money usage, it used to allow entering any
> >>> two fields and used to calculate third field based on the fields I
> >>> fill. Can KMyMoney do something similar? If it calculates the price,
> >>> then I won't have rounding errors as I can say I have X number of
> >>> shares and total is Y.
> >>> 
> >>> Thanks,
> >>> 
> >>> Niranjan
> >> 
> >> On the Accounts screen, edit the mutual fund and set the price entry
> >> option to
> >> Total For All Shares. Then, when you enter a transaction just enter
> >> the total
> >> number of shares and the total price paid. KMyMoney will calculate the
> >> price
> >> for you and this will avoid any rounding errors.
> >> 
> >> Regards,
> >> David.
> > 
> > Unfortunately this did not work. I did set the option as indicated - on
> > both the accounts settings and on the funds. When I try to enter the
> > reinvest dividends transaction, total field is read only.  Am I doing
> > something stupid?
> > 
> > Regards,
> > 
> > Niranjan
> > 
> > Did you try my suggestion?
> > 
> > Allan
> 
> PS. I should add that I have the price entry option set to 'Price per
> share'.  I enter the quantity, and for price, I enter the
> value/quantity.  I get the correct total amount.  The price may have a
> slight variation,  but the other two parameters are the more important,
> I feel.
> 
> Allan
>
Allan,
I used to enter transactions the way you do but I found (like Niranjan) that I 
got rounding errors. I think it depends on the values and number of decimal 
places you use but sometimes I found that the total amount did not come out 
exactly right using your method. It would sometimes be a penny off. By entering 
the total amount and number of shares, KMyMoney doesn't change those values 
and they are always correct with no rounding on the total amount. 
Regards,
David.