The members of the International Reciprocal Trade Association (IRTA) elected Kevin Daly of NuBarter Sarasota to the IRTA Global Board of Directors. The election was held in September at IRTA’s 34th Annual International Convention at the Venetian Resort in Las Vegas, Nevada. The convention was attended by member trade exchanges from 12 countries. “Kevin Daly […]
Virtual Barter, one of the few barter specific software providers, has added swipe capability to their system. According to their press release, exchange owners will now be able to provide trade transaction clearing with any merchant terminal or point of sale system, world wide. They assert the system is compatible with any terminal or system, […]
On October 29th at 7:00PM the West Milford Civic Club is holding a meeting about wetting up and running the Time Bank of West Milford. Anyone interested in learning about the process and the Time Bank project is invited by the West Milford Civic Club to attend their informational meeting at 7 p.m. on Oct. […]
Saturday, November 2nd from 12:00PM to 2:00 PM the North Central Region of PASA is holding their second annual barter fair. It will be held at the Pennsylvania College of Technology in Williamsport, PA. Bring a wagon to pull items inside, if that is easier. Each participant will have a 6-foot table space to display […]
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.