The problem
Sales in USD, expenses in EUR, payouts in both. FX gains/losses everywhere. Your books don't match your bank.
Our solution
We close monthly in USD as your functional currency, reconcile FX through a clearing account, and produce IFRS or US GAAP statements your auditor accepts.
Pick a functional currency and stick with it
If most operations are US, USD is functional. Convert non-USD at month-end rates.
Reconcile each platform separately
Stripe, PayPal, Amazon, Shopify each have unique payout/fee structures. We use A2X-style mapping for each.
FX rounding rules
Use the same source (oanda, xe) consistently. Switching mid-year creates audit headaches.
Who we are
Founded by Europeans living in the US, 123OutSourced operates as your boots-on-the-ground team — serving brands and sellers anywhere in the world with operations executed inside the United States. That mix — European discipline, US execution — is exactly what foreign brands need to win in the United States.
Next step
If this is hitting close to home, book a 15-minute intro call. We'll scope the work and show you exactly how we'd take this off your plate.