FAQ - Cash in lieu of fractional shares

Question

How do I record cash in lieu of fractional shares?

 

Answer

GainsKeeper carries share amounts out to four decimal places in order to enable you to accurately record Dividend Reinvestments, Mutual Funds and other partial share purchase arrangements. GainsKeeper will also calculate and maintain fractional shares in your account that were created by corporate actions. In most cases, your broker will allocate cash-in-lieu for fractional shares created by corporate actions. Click here to view the procedure for entering a cash in lieu transaction into GainsKeeper.

 

 

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