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Junior Member
Group: Forum Members
Last Login: 11/10/2011 10:18:19 PM
Posts: 8,
Visits: 47
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| Hi I bought some shares in a SPP - it was $5,000 worth of 3c shares - which worked out to be 166,677 units Trouble is that this works out to be $5,000.01 - but they rounded it down to $5,000. How do code this ? thanks
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MySF Administrator
Group: Administrators
Last Login: 4/11/2010 3:24:01 PM
Posts: 464,
Visits: 633
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Hi,
Please add the units at $0.029998 each, which works out to $4,999.98 and add $0.02 as a brokerage fee. This will increase the capitalised cost for this parcel to $5,000.00.
Regards,
MySF
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Master Member
Group: Forum Members
Last Login: Today @ 5:08:28 AM
Posts: 111,
Visits: 1,919
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Hi,
Just out of interest, could you just leave the shares costs at 3c and put in a brokerage fee of -$0.01 to round the total to $5,000 - or will MySF not allow the negative 1c brokerage.
Regards
Neil H.
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MySF Administrator
Group: Administrators
Last Login: 4/11/2010 3:24:01 PM
Posts: 464,
Visits: 633
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Hi,
I should point out that the answer and this post were both written under the assumption that there was a typo in the original post. The type was likely to be that the 166,677 should have been 166,667 since 166,677 x 0.03 = 5000.31 but 166,667 x 0.03 = 5000.01.
In answer to your question, yes, you can enter a negative brokerage. The validation rules for this field were changed a while back to allow just such an adjustment.
However, the net effect will be the same because the cost base per unit stored agains the asset will be the same:
5,000 / 166,667 = 0.02999994000011999976000047999904
This number is of course never shown in its full form and is normally rounded to 0.03 in reports.
Regards,
MySF
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