@@ -63,21 +63,25 @@ occurs. (Again, Conservancy solves this with Ledger-CLI and
### Simplicity In Functional Currency
If an non-profit organization has a single functional currency, then most
aspects of the system, such as [[reporting|GeneratingReports]], can (and, in
fact, should) be done only in the functional currency.
---
## A "Multi-Native Currency" Organization
Multi-currency support is more complicated if an organization considers more
than one currency to be its native currency, which means that
[[reports|GeneratingReports]] must handle multiple currency.
FIXME: It would be useful if someone who has run an organization that has
more than one functional currency could describe the use cases on this issue.
## Choosing an Exchange Rate
Regarding exchange rates, the
[USA IRS has no official policy on exchange rates](http://www.irs.gov/Individuals/International-Taxpayers/Yearly-Average-Currency-Exchange-Rates),
stating:
> The Internal Revenue Service has no official exchange rate. Generally, it