Dividend re-investment amount not enough for any shares
Sometimes I receive a DRP amount which is not enough (including cash brought forward) even for one share.
Reckon Personal shows cash brought forward, allows me to enter dividend amount. If these two amounts do not add up to even one share, it will not allow you to enter zero for the number of new shares and then carry forward the dividend + amount brought forward to accumulate for next DRP. Can you please suggest how this can be entered?
Thank you.
Answers
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HI @263708
Can you provide a step-by-step description (including screenshots) on how you are attempting to enter the transaction?
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My first screenshot is of the actual dividend statement. The second screenshot is an attempt to enter the information presented in the statement. The issue is that no shares were issued as the new dividend + cash brought forward was not sufficient to redeem even one share. Personal Plus does not allow for zero shares allocated and just carry forward new dividend + cash brought forward. How would I enter this dividend statement?
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The way to avoid the problem is as follows.
If there is not going to be enough cash dividend to allow even one share to be purchased, do not use the 'reinvest - income reinvestment' screen, use the 'record an income event' and leave the cash in the account.
Good luck
David
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Reckon Staff 
