Scope sheet
finbryn.com
Bookkeeping
Multi-currency bookkeeping
Multi-currency bookkeeping keeps a US company's books accurate when it bills, pays or holds funds in more than one currency. Finbryn records each transaction in QuickBooks Online, Xero or NetSuite at the rate on that transaction's date, revalues open foreign balances at period end, and posts the resulting exchange gain or loss on its own line, separate from operating results.
What is included
- Transactions recorded in original currency and converted at the transaction-date rate
- Realized and unrealized exchange gains and losses posted on their own line
- Foreign bank and card accounts reconciled in their native currency
- Period-end revaluation of open foreign-currency balances
- Consolidated US-dollar profit and loss and balance sheet
- A plain-English note on any exchange movement large enough to matter
- Multi-currency setup inside QuickBooks Online, Xero or NetSuite
- A record of which exchange rate source was used, for your tax preparer
The process
- 1.
Currency and account review
We map which currencies actually move through the business, which bank, card and payout accounts hold foreign balances, and which multi-currency module your existing software already has available.
- 2.
Multi-currency setup
Default currencies are set on customers, vendors and accounts, and foreign accounts are connected as native-currency feeds rather than pre-converted dollar deposits.
- 3.
Transaction-level coding
Invoices, bills and payments are recorded in their original currency and converted at the transaction-date rate as they post through the month.
- 4.
Foreign account reconciliation
Each foreign bank or card account is reconciled against its own native-currency statement before it is combined into consolidated reports.
- 5.
Period-end revaluation
Open foreign-currency balances are revalued at the closing rate, and the resulting gain or loss is posted to its own line.
- 6.
Senior review and reporting
A senior reviewer reviews the revaluation entries and the consolidated close before your monthly P&L, balance sheet and a plain-English note on any material currency swing go out.
Software
QuickBooks Online, Xero, NetSuite, Wise Business, Payoneer, A2X
Quality control
Every monthly close involving foreign currency is reviewed by a senior reviewer before it reaches you, with particular attention to the revaluation entries, since that is where a rate applied to the wrong date or the wrong balance does the most damage to a reported result.
Pricing
Multi-currency bookkeeping is scoped inside your monthly bookkeeping tier rather than sold as a separate flat fee, because the added work tracks the number of currencies and foreign accounts involved, not just transaction count. See the current tiers and what each includes on the pricing page; a business running more than one currency typically needs Growth or above once foreign-account reconciliation and revaluation are scoped in.
Finbryn is a brand of Northlane Solutions Inc., a Delaware corporation.
Reviewed September 2026