Bifurcation threatens to be the monster that devours all your time!

If you reset your cost basis in PortfolioCenter to move out of average cost accounting January 1 2012, what do you do with transactions that arrive in January but which are backdated to December?  These backdated transactions can wreck havoc with the reset basis transactions.

There are two steps to handle backdated transactions :

  • identify the backdated transactions and the accounts affected
  • rerun the Cost Basis Reset Wizard for the affected positions

Schwab Performance Technologies has published step by step instructions.

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