Accounting for Import & Export Businesses
Monthly bookkeeping for businesses trading across borders — multi-currency, VAT-compliant, and reconciled to your suppliers and customers.
Cross-border accounting without the headache
Businesses that import and export face accounting complexity that most bookkeepers are not equipped to handle: duty on imported goods, VAT on cross-border transactions, FX movements between invoice and payment, and supplier ledgers in multiple currencies.
VARISUM handles all of it monthly. Your books reflect the real economics of your trading business — not just a bank statement summary.
Accounting for cross-border trade
Everything that makes trading businesses more complex, handled for you.
Cross-Border Bookkeeping
Import, export, and cross-border transactions recorded correctly — including duty, freight, and VAT on imported goods.
- Import duty and freight recording
- Export revenue recognition
- Multi-currency transactions
- FX gain/loss tracking
VAT & Indirect Tax
VAT on cross-border transactions is complex and changes frequently. We handle the recording and flag compliance requirements.
- Import VAT recording
- Export zero-rating
- EU VAT rules (if applicable)
- Partial exemption tracking
Multi-Currency Accounting
Transactions across currencies are recorded at the correct rate, with FX gains and losses reported clearly each month.
- Spot rate recording
- Forward contract accounting
- FX revaluation at month-end
- Realised vs unrealised FX
Supplier & Customer Reconciliation
International supplier and customer ledgers reconciled monthly — including currency differences and payment timing.
- Foreign currency debtor/creditor ledgers
- Payment allocation
- Currency reconciliation
- Aged analysis
Trading across borders?
Tell us about your import/export business and we will prepare a proposal that covers everything you need.
Get a Proposal