Know What Exchange Rates Are Doing to Your Results
When your business holds balances or transacts in foreign currencies, exchange rate movements affect your financial results whether you track them or not. Brasswick makes that effect visible — recorded accurately, revalued monthly, and reported in plain terms.
A Monthly Currency Impact Report You Can Actually Use
Foreign currency transactions create a particular accounting challenge: the rate at which a transaction is recorded and the rate at which it ultimately settles are rarely the same. The difference — realised or unrealised — flows into your profit and loss whether your accounts capture it clearly or not.
Each month this service produces a currency impact report that shows precisely how exchange rate movements have affected your financial results during the period. Transactions recorded at spot rates. Outstanding foreign-denominated balances revalued at period end. Realised and unrealised gains and losses separated and presented clearly. The kind of visibility that lets you understand your true financial position — not an approximation of it.
Every transaction recorded at the prevailing rate on transaction date.
Foreign-denominated balances revalued at each month's closing rate.
Realised and unrealised exchange differences reported separately.
Monthly report showing how rate movements affected your results.
Where Currency Accounting Goes Quiet
Rates That Move Between Invoice and Payment
A supplier invoice is raised in one currency at one rate. Payment is made weeks later at a different rate. The difference is a real financial event — a gain or a loss — but in many businesses it simply doesn't make it into the accounts in any meaningful way.
Balances That Aren't Revalued
Foreign currency bank accounts, outstanding receivables denominated in other currencies, supplier balances — all of these should be revalued at each period end to reflect current rates. When they aren't, the balance sheet carries stale numbers and the profit and loss misses movements that have already occurred.
Results That Can't Be Explained
When currency effects aren't tracked properly, results from one period to the next can look inconsistent without a clear reason. Margins appear to shift. Profit varies in ways that don't match trading activity. The underlying explanation — exchange rate movement — isn't visible because it was never captured.
None of this is unusual. Multi-currency accounting is genuinely more involved than single-currency bookkeeping, and without a specific process built around it, the gaps accumulate steadily. By the time year-end approaches or an audit is scheduled, there can be significant reconciliation work to do — and a financial narrative that's harder to explain than it should be.
A Monthly Process for Multi-Currency Accounts
This service handles the ongoing accounting work that foreign currency exposures require — not as a one-time exercise, but as a consistent monthly function that keeps your currency records current, accurate, and meaningful.
Transaction Recording at Spot Rates
Every foreign currency transaction — purchases, sales, payments, receipts — is recorded at the spot rate applicable on the date of the transaction. This is the foundation of accurate multi-currency accounting, and it's applied consistently across all currencies and transaction types.
Period-End Balance Revaluation
At the end of each monthly period, all outstanding foreign-denominated balances — bank accounts, receivables, payables — are revalued using the closing rate. This keeps the balance sheet current and ensures that unrealised exchange movements are properly captured before they become realised.
Exchange Gains & Losses Calculation
Realised exchange differences — those arising from transactions that have settled during the period — are calculated and recorded separately from unrealised differences on outstanding balances. Both are presented clearly in the monthly report so their nature and origin are transparent.
Monthly Currency Impact Report
The monthly deliverable is a structured currency impact report covering all foreign currency activity during the period. It shows how exchange rate movements have affected your results and presents your currency positions in a way that makes the exposure visible and understandable.
A Steady Monthly Rhythm for Currency Records
Mapping Your Exposure
We begin by understanding the currencies you operate in, the volume and frequency of foreign-denominated transactions, and how currency movements have been handled in the accounts to date.
Monthly Data Sharing
Each month you provide transaction records — bank statements, invoices, payment confirmations — covering your foreign currency activity. We keep the process straightforward and guide you through exactly what's needed.
Recording & Revaluation
Transactions are processed at the correct spot rates, outstanding balances are revalued at the period-end closing rate, and exchange differences are identified, calculated, and categorised as realised or unrealised.
Report Delivered
Your currency impact report arrives on the agreed monthly schedule — a clear account of what exchange rate movements have done to your financial results and where your currency positions stand at period end.
One Monthly Fee, Complete Coverage
A fixed monthly fee covering the complete Foreign Currency Transaction Management service. The work is the same whether exchange rates have been quiet or volatile — the fee reflects the ongoing service, not the activity level.
This service is effective on its own for businesses whose primary accounting complexity is currency-related. It can also be combined with Import & Export Trade Accounting or Customs Duty & Tariff Tracking where operations span multiple areas.
What Proper Currency Accounting Produces
Grounded in Established Accounting Treatment
The approach follows established accounting treatment for foreign currency transactions — spot rate recording on transaction date, closing rate revaluation at period end, and the separation of realised from unrealised exchange differences. These aren't arbitrary choices; they're the methods that produce financial statements which accurately reflect the economic reality of holding foreign currency positions.
Applied consistently month after month, this approach builds a currency accounting record that holds up to scrutiny from auditors and gives management the information needed to make decisions with confidence rather than estimates.
What Becomes Clearer Over Time
Month by month, a clear picture of how exchange rate changes have helped or hurt your results — separated from the underlying trading performance so both can be understood on their own terms.
Foreign-denominated assets and liabilities reflected at current rates rather than carrying stale figures that distort your financial position.
Currency records maintained throughout the year so that year-end accounts can be prepared without extensive reconstruction work or unexplained variances to investigate.
A Conversation Before Any Commitment
We take the time to understand your currency exposure before anything is agreed. The aim is to make sure this service genuinely addresses your situation — and you'll have a clear picture of how it works and what it produces before any decision is made.
Initial Consultation
An initial conversation to understand the currencies you work in, your transaction volumes, and how exchange rate movements are currently handled — with no expectation to proceed until the fit is clear to both sides.
Consistent Monthly Delivery
Currency impact reports delivered on an agreed monthly schedule without exception. You'll know when to expect your report and exactly what it will contain each time it arrives.
Transparent Scope
What's covered is agreed in plain terms before work begins. No ambiguity about which currencies, which balances, or what the monthly report will include — all of it defined up front.
How to Get Your Currency Accounting in Order
Introduce Your Business
Send us a message via the contact form on our home page. Let us know which currencies you operate in and what your current approach to recording foreign currency transactions looks like. A brief description is enough.
We Follow Up Promptly
We'll come back to you within one business day with a few focused questions about your currency exposure and how transactions are currently handled. This helps us shape how the service would work for your specific situation.
Scope Agreed, Work Begins
Once the scope is set, we establish the monthly data-sharing process and begin work on your first currency impact report. From there the process runs on a consistent monthly schedule with minimal demand on your time.
Explore the Full Range
Import & Export Trade Accounting
Complete financial management across international transactions — currency recording, freight allocation, and consolidated monthly reports for multi-country businesses.
Customs Duty & Tariff Tracking
Systematic recording and reconciliation of customs duties and tariffs paid on imported goods, with monthly reports and records supporting drawback claims.
Your Currency Exposure, Properly Tracked
If your business operates in multiple currencies and the accounting around them has been inconsistent or incomplete, this is a practical place to address it. Send us a message and we'll be in touch within one business day.
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