We received the following message from BPS’s CEO, Trevor Dietz confirming the news: September 2, 2014 Dear All: I am pleased to announce that we have today completed the settlement of all contracts relevant to our IPO. It is expected that BPS Technology Limited will be formally listed on the Australian Stock Exchange on the […]
Official release from IRTA: IRTA’s wholly owned subsidiary, Universal Currency Clearinghouse, Inc. (UC), has operated as a successful global inter-exchange clearinghouse platform for trade exchanges for seventeen years. UC was conceived as a strategic advancement in the industry that would allow barter companies to trade through a common currency thereby increasing the trade volume of […]
BPS Technology, which is the technology company that runs Bartercard, has announced an initial public offering, valuing the company at around $58.5 million, as it hunts for acquisitions. The offer is set to raise $28m for the Queensland-based firm through the issue of 28 million shares at $1 per share, representing a 2014-15 financial year […]
Bartercard’s new mobile technology has received industry recognition after the company was presented with three major awards for its latest mobile application for its tech-savvy members. The user-friendly app enables members to take care of all of their Bartercard needs through one easy mobile platform simply by logging in with their existing username and password […]
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…)