ICON International, Inc., a corporate barter company, was voted one of the top ten places to work in the large company category in Best Places to work in Connecticut for 2014. This survey and awards program was designed to identify, recognize and honor the best employers in Connecticut, benefitting the state’s economy, workforce and businesses. […]
ITEX recently announced that they have contracted with Coinbase, one of the more mainstream bitcoin exchanges, to assist them in accepting bitcoin in payment of fees and in exchange for goods and services with their members. While we applaud ITEX in their effort to be forward thinking and embrace the new and exciting world of […]
The Timebank of St Neots in the UK has been recognized by receiving the Timebanking UK Kite Mark. In recognition of best working timebanking practices, policies and procedures including coproduction, monitoring and evaluation and the use of all three models of timeBanking. We congratulate them on their success! Read more at http://www.aboutmyarea.co.uk/Cambridgeshire/St-Neots/PE19/News/Local-News/268008-St-Neots-TimeBank-2-years-old-in-March-and-Awarded-the-Timebank-UK-KiteMark
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 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.