One post tagged with "multi-currency"

One of the things that breaks down quickly in real-world accounting systems is currency.

Most ledger designs treat currency as an afterthought — a field on a transaction, a conversion applied at reporting time, a problem deferred to the spreadsheet team. MGL treats it differently. Exchange rates are a first-class part of the data model, imported automatically, stored with full history, and wired directly into the layer architecture so that multi-currency consolidation happens at query time, not at batch time.