#multi-currency
Multi-currency accounting, foreign exchange gains and losses, period-end revaluation, and functional currency considerations
Your close is slow because intercompany, NCI, and FX translation live in spreadsheets — fix the process behind each before buying consolidation software.
Functional currency is the currency of an entity's primary economic environment — and it decides whether FX differences land in equity or net income.
ADRs let you own foreign shares in dollars, but dividends arrive net of foreign withholding and depositary fees — and currency moves still hit the price.
Match the payment method to each deal — cash in advance, LC, documentary collection, or insured open account — so one default never wipes out your margin.
BYD's H1 2026 profit fell 20.5% to RMB 12.3B on an RMB 8.3B FX-driven finance swing, while overseas revenue rose 34% to 52.6% of sales.
Tunisia's auto-entrepreneur regime taxes freelancers 0.5% of turnover up to 75,000 TND, with no VAT and CNSS cover for about 20 TND a month.
Per-word rates hide your real hourly pay. Invoice translation work with PO numbers, weighted CAT counts, agreed FX terms and a late-payment playbook.
Revolut Business Scale costs $180/month ($1,680/year) in 2026, not the $119 roundups quote — plus price history and Grow-vs-Scale break-even math.
Airwallex bundles billing at no added cost while Stripe Billing charges 0.7% of subscription volume — but the FX spread, 0.4–0.7 points wider, costs more.
PPP pricing bands, local-currency checkout, and regional rails like Pix and UPI can lift emerging-market conversion 30 percent without discounting US plans.
Staying under 183 days in a country does not make you a non-resident anywhere. U.S. nomads still owe worldwide income tax, the 2026 Foreign Earned Income Exclusion caps at $132,900 and never covers the 15.3% self-employment tax, the tax-home test disqualifies perpetual travelers, and FBAR triggers at $10,000 aggregated across all foreign accounts.
A bookkeeping system for freelance translators and interpreters that tracks per-word, hourly, and project income separately, reconciles agency statements from gross invoice to net deposit, records foreign-currency receipts at documented exchange rates per IRS rules, and measures effective hourly rates — with a chart of accounts and monthly close checklist.
