One of the charity i look after has received a request to accept donation via crypto currecny ( its from a reputable donor who have donated to larger organisations before). what is the accounting treatment here :
Dr investment /financial instrument Cr Income for initial recongnition at market value . once currency is converted to cash - Dr Bank Cr Investment /financial instrument , any gain/losses at this point. i cant any info on crypto from the charity commission.
what other advise would you have dealing in crypto .