International Bookkeeping Services

Businesses with international operations face bookkeeping and accounting challenges that go well beyond what a typical domestic company encounters. Multi-currency transactions, intercompany eliminations, foreign exchange gains and losses, transfer pricing documentation, and the need to maintain books that satisfy both US and foreign reporting standards all add layers of complexity that require specialized knowledge. At Lanphier LLP in Denver, we provide international bookkeeping services designed to give our clients accurate, timely financial information and a clean foundation for tax compliance and business decision-making.

Whether you are a Denver-based company with a foreign subsidiary, a foreign entity with US operations, or a multinational enterprise with activities on multiple continents, our team can handle the day-to-day accounting that keeps your financial reporting on track. We integrate seamlessly with your existing systems and processes, and we coordinate with your foreign accounting teams to ensure that consolidated reporting is accurate and consistent.

Multi-Currency Accounting

Businesses operating in multiple countries must track transactions in multiple currencies and convert them to US dollars for reporting purposes. The IRS has specific rules about which exchange rate to use, when to recognize foreign currency gains and losses, and how to report them. We maintain multi-currency ledgers that comply with US tax requirements and provide accurate financial reporting in your functional currency.

Intercompany Transactions and Transfer Pricing

When related entities in different countries transact with each other -- whether through the sale of goods, provision of services, licensing of intellectual property, or intercompany loans -- the pricing of those transactions must be documented and defensible. Our bookkeeping processes capture intercompany transactions in a manner that supports transfer pricing compliance and makes year-end documentation straightforward.

Foreign Subsidiary and Branch Accounting

Maintaining accurate books for foreign subsidiaries and branches requires an understanding of both US GAAP and the local accounting standards in the foreign jurisdiction. We prepare and maintain financial statements for foreign operations that satisfy US reporting requirements, including the information needed for Forms 5471, 8865, and related international information returns.

Consolidated Financial Reporting

For businesses with entities in multiple jurisdictions, we prepare consolidated financial statements that combine the results of all operations, eliminate intercompany transactions, and present a clear picture of the enterprise as a whole. This reporting is essential for management decision-making, bank and investor reporting, and tax compliance.

Systems and Process Design

If your current accounting systems are not equipped to handle the demands of international operations, we can help you select, configure, and implement the right tools. We work with leading cloud-based accounting platforms and design processes that capture the data you need for both day-to-day management and annual tax compliance.

Accurate bookkeeping is the foundation of sound tax compliance and informed business decisions. If your international operations have outgrown your current accounting processes, contact our Denver office to discuss how we can help.