Be sure to manually confirm FundCount's return calculations

I was motoring along in FundCount version 2.6.28, printing the first quarter partners' statements for 2006.

During the printing process, a figure caught my eye.
It was the "Gross return" figure and it didn't look right.

I whipped up an Excel spreadsheet to double check the calculation and sure enough the FundCount reporting was in error.

The lesson here is that it is very important that you double check FundCount's work on the Performance and Capital Summaries. There is zero guarantee that the return numbers are correct in any given version.

This happens occasionally as updated versions of the FundCount software get pushed out into production.

You would think that I would get upset about it, but then I remember how much money I am saving by not using Advent!

FundCount has some little quirks to it. The return reporting errors are something I have just learned to live with. Also, the FundCount people are very responsive in fixing the software errors. Just call them up and you'll get their attention pretty quick.

All in all, checking FundCount's work is a small price to pay for this wonderfully inexpensive software.

Editor's Note ...
This problem has subsequently been fixed.