Ease Of Use
What if you have a dividend reinvest miscoded as a purchase? What if your data outsourcer added adjustment transactions? Or your transfers are missing their starting cost? Any of these data problems mean incorrect reports and calculations, but not one would show up on an industry standard reconciliation report.
FinFolio has pioneered a concept called deep reconciliation. Our patent pending CleanData™ shield analyzes your data as it is imported or keyed into your system. It compares your most recent share balances to the custodial share balances, just like most other reconciliation systems. But we also uncover problems lurking in your historical transactions. Those errors are found when the data enters the system, and are presented for analysis.
CleanData™ looks for double entry bookkeeping errors. It checks for missing dividend information. It watches for missing cost data and notices when your custodians forget to send prices. This system of interlocking checks and balances ensures the accuracy of your data. Once you start using CleanData™, you will be astonished at the problems you uncover in your transaction history and you'll forget how you ever managed your accounts without it.