On Wed, Dec 29, 2021 at 11:51 AM Pierre Bastoul <pie...@o10c.fr
> I'm working on tracking my cryptocurrencies trades with ledger-cli as described in the "Multiple currencies with currency trading accounts" wiki page.
> My first idea is not to have a default Fiat, I prefer not having a local currency point of view. I want to be able to track trades for all pairs like BTC to USDT, then BTC to ETH, the ETH to USD, and be able to do "swaps" in all available possible combinations.
> So I started with only one trading account, expressed in many currencies:
Hmmmmmm - - - well - - - most of us keep our records (record keeping -
- - -most
commonly called accounting) as much for the tax man (the man) as we do
our businesses or our finances.
The requirement for 'books' for the taxman is that 'everything' is in
If other currencies are used everything is linked back to that 'home' currency.
The tax man really doesn't care about your costs or what you're spending money
on or most of any other details. They're looking to see that your income is
reported accurately and that you're not trying to 'fiddle the books' by either
misreporting income or expenses.
So if you're insisting that any currency goes - - - - well - - - I hope you
really never get audited. My guess is that that process would be very
Haven't had the joy myself but I've heard that they use a fine toothed
comb to make sure that not one hair is out of place on your hemorrhoids.
I'm trying to come up with a way to use ledger for invoicing which
would be hugely useful for business purposes. I would suggest that
what you're looking for would be fine if you do it for just you but I
wouldn't suggest that a any currency goes in a general ledger be
a normal thing. (And yes, right now I'm usually only using 3 currencies
so I'm not just using a 'home' currency.) Just because one can
do something doesn't mean that you 'should' do it.