Originally posted by Barry Cohen of Barter 21. There has been a lot of talk, rumors, and grumblings in the Complementary Currency world regarding a Guidance Memo release by FinCEN – the Financial Crimes Enforcement Network of the United States Department of the Treasury. The subject of the memo was “Application of FinCEN’s Regulations to Persons Administering, […]
In what has become a rush in the Western United States, Arizona is the next state in line to pass a bill making gold and silver legal tender. Unlike some other laws on the books in other states, the Arizona law would only make gold and silver legal tender for private transactions, but not for […]
IRTA wants to make the upcoming September 19th thru 21st 2013 Las Vegas Venetian Convention the best ever. The need some input on how they can make the programming for the convention be fresh and engaging. If you are interested in helping with that, take a few minutes to answer the five short questions at: […]
It’s pretty great when you have a video about bartering get 300k+ views on YouTube. I would suggest we have seen very very few of them in the last decade. This one from Barter Rewards, a parody of former President Bush, is creative, fun, and interesting. Great example of what a good commercial should be.
I found a link to a site that offers free Quickbooks advice. It had this to say about recording a barter transaction. Recording of Barter ExchangesIf you have customers who are also vendors you may decide to trade some or all of your services / products in exchange for payment. To record such a barter […]
There are many ways barter can be used to renovate or restore a home. You can use barter to purchase building materials and hire contractors. Many suppliers such as tile, carpet and stone companies have huge excess inventories or items that have gone unsold. They would welcome the opportunity to get full value for the […]
Most businesses suffer from the issue of bad debts (accounts receivable that will most likely remain uncollectible and will be written off). These debts appear as an expense on the company’s income statement, thus reducing net income and most companies make a bad debt allowance since it is unlikely that all of their debtors will pay them in full.