Only a portion of a dividend is reinvested

[michael]

Hi Mark,

We have a few investments whose dividends are reinvested.

Since only full shares are purchased, the $ amount of the reinvested shares purchased is less than the recorded dividend.

I'm recording the dividend and then I'm recording the purchase. So I'm entering two transactions.

I guess I can enter two dividends, one reinvested and the other distributed. But this would require two entries as well and additional arithmetic to determine the portion of the dividend that wasn't reinvested.

Is there anyway to record the dividend as reinvested for only a portion of the dividend?

Thanks,
Michael

[Mark]

Hi Michael,

Sorry, no. Recording it as a full amount dividend, and a separate purchase for the full share amount is probably the best way to record this.