How do you handle multi-currency transactions?

We record all transactions at the exchange rate on the date of the transaction, as required by the IRS. At year-end, we revalue foreign-denominated assets and liabilities at the closing rate and calculate any foreign currency gains or losses. We maintain detailed records of each conversion, which is critical for accurate tax reporting and FBAR/FATCA compliance.

Do I need separate bookkeeping for my foreign entity?

If you own or control a foreign entity (corporation, partnership, or disregarded entity), you may need to maintain separate books and records for that entity. This is required for Form 5471 (foreign corporation), Form 8865 (foreign partnership), or Form 8858 (foreign disregarded entity) filings. We maintain both sets of books and ensure they reconcile properly.

How does international bookkeeping help with FBAR and FATCA?

Proper international bookkeeping captures every foreign account balance throughout the year, which is essential for determining FBAR filing requirements (aggregate balance exceeding $10,000). It also tracks foreign financial assets for FATCA (Form 8938) thresholds. Without accurate bookkeeping, you risk underreporting and penalties of $10,000 or more per violation.

What accounting software do you use for international clients?

We use QuickBooks Online with multi-currency enabled for most international bookkeeping engagements. For clients with more complex needs (multiple foreign entities, high transaction volumes), we can work with Xero or other platforms that support multi-currency and multi-entity reporting. All platforms integrate with our secure Client Portal for document exchange.

How much does international bookkeeping cost?

International bookkeeping starts at $500 per month for clients with one foreign account and moderate transaction volume. Pricing increases based on the number of foreign accounts, currencies, entities, and transaction complexity. We provide a clear fee estimate after reviewing your specific situation during an initial consultation.

International Bookkeeping Services | Los Angeles | Arc & Ledger

International Bookkeeping

Managing finances across borders requires more than standard bookkeeping. Multiple currencies, foreign bank accounts, cross-border transactions, and international reporting obligations all demand specialized knowledge and meticulous record-keeping. We provide the financial infrastructure that global businesses and expatriates need.

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Bookkeeping Built for Cross-Border Financial Complexity

Standard bookkeeping falls apart when your financial life crosses borders. Foreign bank accounts, multi-currency transactions, transfer pricing, and international reporting requirements like FBAR and FATCA demand a specialized approach that most bookkeepers are not equipped to handle.

At Arc & Ledger, we maintain your books with full awareness of your international obligations. Every transaction is recorded, categorized, and documented in a way that supports both your domestic tax filings and any required international disclosures. When tax season arrives, your books are already FBAR-ready and FATCA-compliant.

Our founder is an IRS Enrolled Agent with a Master of Science in Taxation and deep experience in cross-border compliance. This means your bookkeeping is handled by a team that understands both the accounting and the tax implications of every international transaction.

What Is Included

Multi-currency transaction recording and reconciliation
Foreign bank account reconciliation (all currencies)
FBAR and FATCA-ready record maintenance
Monthly financial statements (Profit & Loss, Balance Sheet)
Foreign entity bookkeeping (Form 5471/8865/8858 support)
Transfer pricing documentation support
Currency gain/loss tracking and year-end revaluation
Integration with U.S. and foreign banking platforms
Secure Client Portal access for document exchange

Who Needs International Bookkeeping?

U.S. Expats Living Abroad

You live overseas but file U.S. taxes. Your foreign income, bank accounts, and investments need to be tracked in a way that supports Form 2555, FBAR, and FATCA filings.

Foreign Nationals in the U.S.

You moved to the U.S. on a visa (E-2, L-1, H-1B) and still have financial ties abroad. Your bookkeeping needs to bridge both countries.

Cross-Border Business Owners

You own businesses or entities in multiple countries. Each entity needs separate books, and transactions between them need transfer pricing documentation.

International E-Commerce Sellers

You sell across borders, receive payments in multiple currencies, and need to track VAT, customs duties, and multi-jurisdiction sales tax obligations.

International Bookkeeping Pricing

Essential

$500/mo

1 foreign currency
Up to 2 foreign accounts
Monthly reconciliation
Financial statements
FBAR-ready records

Professional

$900/mo

Up to 3 currencies
Up to 5 foreign accounts
Everything in Essential
Foreign entity bookkeeping
Transfer pricing support

Enterprise

Custom

Unlimited currencies
Unlimited accounts
Everything in Professional
Multi-entity consolidation
Dedicated account manager

Pricing depends on transaction volume, number of entities, and complexity. We provide a clear estimate after reviewing your situation.

Frequently Asked Questions

Common questions about this service area.

International bookkeeping requires tracking transactions in multiple currencies, reconciling foreign bank accounts, maintaining records for FBAR and FATCA compliance, documenting transfer pricing between related entities, and ensuring that income and expenses are properly categorized for both U.S. and foreign tax reporting. Standard bookkeeping software and processes are not built for this complexity.

Related Guides

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FBAR & FATCA Filing Guide

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Need Bookkeeping That Handles International Complexity?

Schedule a free 15-minute consultation. We will review your international financial situation and provide a clear scope and fee estimate.

“This is the third consecutive year I've filed taxes with Burak, and it has always been an amazing experience and relief.”– Francesco F., Google Review

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