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 […]
Direct Trade vs Multiple Way Barter
Barter is the method of trade in which goods or services are directly exchanged for other goods and/or services, without or with minimum use of money. Historically barter operated instead of money as the primary method of exchange. This also occurred throughout history in times of monetary crisis, when a currency was unstable, or devalued […]