International Monetary Systems, Ltd. (OTCBB: ITNM), a worldwide leader in business-to-business barter services, today announced that it has entered into a definitive agreement to acquire certain assets of National Commercial Exchange of St. Louis, MO (NCE). As one of the oldest trade exchanges in North America, NCE is the leading barter network in the St. […]
According to an article in the Business Journal in Milwaukee, IMS has announced the acquisition of Nationwide Barter in Canada, which will more than double the membership of IMS in Canada. The terms of the deal were not disclosed. I’m sure we will see more of this in an official release and in their quarterly […]
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.