FAQ - Fractional shares received from a Corporate Action?

Question

Does GainsKeeper track fractional shares received from a Corporate Action?

Answer

GainsKeeper carries shares amounts out to four decimal places in order to allow users 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. If you received cash-in-lieu from your broker, record a sell in GainsTracker for the fractional share amount. Click here to view the procedure for entering a cash-in-lieu transaction into GainsKeeper. Occasionally, rounding differences between GainsKeeper and your broker can result in a fraction in your account. In that case, you can use the Withdraw feature to remove this fraction.