Cash balance

Susan J Mueller on

We use Folio investments as our broker. We often are off a
penny or two in our cash balance between them and bivio.
Their rounding seems to be the problem. Do I need to make
this balance?

Rere Pruitt on

Need to make sure you are balancing monthly. Folio will give a .01 interest fee periodically. Add the transaction into your bivio as a separate insurance. Then it will balance

On Aug 6, 2017 5:32 PM, "Susan J Mueller via bivio.com" <user*15197400001@bivio.com> wrote:

We use Folio investments as our broker. We often are off a
penny or two in our cash balance between them and bivio.
Their rounding seems to be the problem. Do I need to make
this balance?

Robert Mann on

Folio rounds their statements because they track to 4-5 decimal places; occasionally there will be a mismatch between Folio and Bivio. We've had this issue a couple times. We naturally want our records to match to the penny so we'll make entries to account for this difference.

On August 7, 2017 at 8:40 AM "Rere Pruitt via bivio.com" <user*36035800001@bivio.com> wrote:

Need to make sure you are balancing monthly. Folio will give a .01 interest fee periodically. Add the transaction into your bivio as a separate insurance. Then it will balance

On Aug 6, 2017 5:32 PM, "Susan J Mueller via bivio.com" <user*15197400001@bivio.com> wrote:
We use Folio investments as our broker. We often are off a
penny or two in our cash balance between them and bivio.
Their rounding seems to be the problem. Do I need to make
this balance?

Laurie Frederiksen on

If you check your sales against the Folio Realized gain/loss reports you may find your penny there. Their information on on one place on their website isn't in complete agreement with their information in another.

If you find it there and are concerned about it, you can edit your sale entries to make the adjustment.

But, other than peace of mind, it doesn't make any difference in your accounting.

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/
Follow Us on Google+

Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe

On Mon, Aug 7, 2017 at 11:02 AM, Robert Mann via bivio.com <user*12614800001@bivio.com> wrote:

Folio rounds their statements because they track to 4-5 decimal places; occasionally there will be a mismatch between Folio and Bivio. We've had this issue a couple times. We naturally want our records to match to the penny so we'll make entries to account for this difference.
On August 7, 2017 at 8:40 AM "Rere Pruitt via bivio.com" <user*36035800001@bivio.com> wrote:

Need to make sure you are balancing monthly. Folio will give a .01 interest fee periodically. Add the transaction into your bivio as a separate insurance. Then it will balance

On Aug 6, 2017 5:32 PM, "Susan J Mueller via bivio.com" <user*15197400001@bivio.com> wrote:
We use Folio investments as our broker. We often are off a
penny or two in our cash balance between them and bivio.
Their rounding seems to be the problem. Do I need to make
this balance?

Mail