Managing Exchange Rates in International NGOs: How WAER (Weighted Average Exchange Rate) Simplifies Accounting

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In this episode, Aishat discusses her experience at the Problem Solving for Painful Payments Roundtable, focusing on key accounting challenges faced by international charities.

She does a dive into a common financial challenge faced by international NGOs - managing multiple exchange rates when handling expenses and donor funds and shares a practical solution that can simplify reporting and reconciliation: the Weighted Average Exchange Rate (WAER).

KEY TAKEAWAY

• Exchange rate fluctuations can complicate accounting