We report Herschel/PACS photometric observations at 70 {mu}m and 160 {mu}m of LRLL54361 - a suspected binary protostar that exhibits periodic (P=25.34 days) flux variations at shorter wavelengths (3.6 {mu}m and 4.5 {mu}m) thought to be due to pulsed accretion caused by binary motion. The PACS observations show unprecedented flux variation at these far-infrared wavelengths that are well cor- related with the variations at shorter wavelengths. At 70 {mu}m the object increases its flux by a factor of six while at 160{mu}m the change is about a factor of two, consistent with the wavelength dependence seen in the far-infrared spectra. The source is marginally resolved at 70 {mu}m with varying FWHM. Deconvolved images of the sources show elongations exactly matching the outflow cavities traced by the scattered light observations. The spatial variations are anti-correlated with the flux variation indicating that a light echo is responsible for the changes in FWHM. The observed far-infrared flux variability indicates that the disk and en- velope of this source is periodically heated by the accretion pulses of the central source, and suggests that such long wavelength variability in general may provide a reasonable proxy for accretion variations in protostars.