Did your Schwab accounts reconcile on yesterday, but now the money market on almost every account fails to reconcile? This "problem" happens when the last day of the month falls on the weekend or a holiday. Here's what happens: Schwab pays … [Read more...]
How to justify PortfolioCenter fee calculations in an SEC Audit
The ending value for an account in PortfolioCenter frequently does not match the ending value on the brokerage statement. While this has been true since I started using PortfolioCenter in the pre-email stone age, it has become a growing problem in … [Read more...]
Cost basis remains in PortfolioCenter on sold position
I ran into a case in PortfolioCenter where the Cost Basis Reconciliation report showed a negative cost basis for several positions that had been sold. Now what? The report looked listed 0.00 shares with a negative cost basis in … [Read more...]
Should I reconcile cash in PortfolioCenter?
[dropcap style="2" size="3"]Q.[/dropcap]I have a few accounts where the cash does not reconcile with the broker. Is it worth spending the time to reconcile them? Or should I just enter a journal to adjust the positions? [dropcap style="2" … [Read more...]
Schwab PortfolioCenter Cash update error
Since PortfolioCenter 5.5 improved the ability to track client account details, you may have seen the above screen and wondered what to do with it. The short answer is: do not post it. What's Happening You may run into this suggested "update" … [Read more...]
