Fractional Shares from Stock Splits

[wmarlowe]

Hi folks,

I am evaluating the trial version of the Personal version of Fund Manager.

How can I prevent FM from recording fractional shares from a stock split?

I have situations where the companies remit cash in lieu of fractional shares.

Thanks for the help.

wmarlowe

[Mark]

Hi wmarlowe,

It depends on the specifics of how those fractional shares were converted to cash, but one simple solution is to record a sell for the fractional shares you received from the split.

[wmarlowe]

Hi Mark,

Thanks much. Your solution works well.

It's a great program. I have purchased a license.

wmarlowe