In 2013, the price of the most popular cryptocurrency, Bitcoin, increased fivefold. This is a very impressive feat for an investment that’s not bound to any commodity. On the other hand, gold, the most precious physical commodity in the world that traditionally acts as a hedge to economic catastrophes, fell by 10%. What on Earth […]
IrishCoin, an alternative crypto currency based on the Litecoin software, has been released to the public. The creators of IrishCoin plan on utilizing the currency as a discount token vehicle, a tourist organizational branding opportunity, and for the promotion of the Irish tourism industry among the Irish diaspora in the US, Ireland, and globally. Distribution […]
In what seems to be the first crypto currency backed by a tangible asset, Maple Coin announced recently that they are going to supply, to anyone who wishes to “cash out”, a fixed unit of pure maple syrup. In an effort to more deeply illustrate the point of MapleCoin, we have decided to truly and […]
CoinGecko, in the beta phase of development, has managed to add more depth to cryptocurrency understanding than many of the other crypto exchange sites. Rather than just tracking the price of each currency relative to Bitcoin, the service takes in to account developer activity, community activity, market cap (measured in bitcoins), and other social and […]
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. (more…)