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 […]
Timebanking, a sort of half-sister to the barter industry, has seen steady growth in recent times. From recent headlines… …The Time Bank of Thrive Lake County has opened a “Social Capital Fund” which allows members to contribute their earned hours which are then used to help members of the community that may suffer from physical, […]
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…)