The hOur Community Timebank launched February 1st at the Marathon County Public Library in Wausau. An individual account is $12 per year, a business account $36. There are 35 accounts already created by locals and they hope to expand regionally. If you are in the area and want to participate, check out www.hourcommunity.timebanks.org
According to an article in the National Law Review, the state of California is considering changes to their state code that would amend section 107 to read: A corporation, flexible purpose corporation, association, or individualperson shall not issue or put in circulation, as money, anything but the lawful money of the United States. Nothing in […]
I don’t remember how I was turned on to it, but there is a new “cash-free marketplace” in Australia called Share Shop. They call their currency Share Shop points and open membership to anyone that has any kind of “skills, talents, products, and services”. Check it out if you would like at http://shareshop.com/au
According to the Lund Report, CareOregon is setting up a pilot timebanking program for its members. CareOregon is an insurance company who is actively trying to reduce health costs through its local network through offering a timebank style service sharing agreement. Read more at http://www.thelundreport.org/resource/careoregon_pilot_lets_members_barter_for_needed_services
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.