Tag Archives: bitcoin

ITEX Announces the Launch of Virtual Currency System Platform

ITEX announced at the 26th Annual Roth Capital Conference at the Ritz-Carlton in Dana Point, California, it is offering licenses for its cloud-hosted virtual currency software platform to businesses and entrepreneurs worldwide. ITEX utilizes the platform to power its own b2b business model and virtual currency, the ITEX dollar. VCS is offering the hosted operating system […]

ITEX Assumes First Entry into Bitcoin

ITEX recently announced that they have contracted with Coinbase, one of the more mainstream bitcoin exchanges, to assist them in accepting bitcoin in payment of fees and in exchange for goods and services with their members. While we applaud ITEX in their effort to be forward thinking and embrace the new and exciting world of […]

GreenBank Acquires 20% of Sovereign Exchange

In a missed part of the barter news, we failed to report in January that Sovereign Exchange, a Canadian barter/silver hybrid run by a visionary named Steven Merrill, sold a 20% interest to GreenBank Capital Inc. As part of the buyout, Sovereign Exchange has been renamed Sovereign Bitcoin Exchange announcing their move in to the […]

New AltCoin: the SolarCoin

Bitcoin, since it is open source software and easily replicated by a programmer with a little spare time, has opened up to a whole new world of competitive decentralized currencies. One of the most recent to pop up on the altcoin radar is SolarCoin. Adding another level of complexity to a somewhat complex system, SolarCoin […]

ITEX and IMS Both Post Decreases in Revenue

Both IMS and ITEX posted decreases in third quarter revenue over revenue generated in 2012 during that same period. ITEX reports an 8% drop in income, a 31% decrease in income from operations, and a 29% drop in net income. IMS reports a 5% drop in income, a whopping 60% drop in income from operations, […]

Tips and Tricks

One Way to Record Barter Transactions in Quickbooks

by King of the Wild Frontier

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 […]

Barter to Renovate a Home

by Bruce Kamm

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 […]

Barter as a Means to Collect Bad Debt

by Tyler

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.

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Navigation

ITEX Announces the Launch of Virtual Currency System Platform

ITEX Assumes First Entry into Bitcoin

GreenBank Acquires 20% of Sovereign Exchange

New AltCoin: the SolarCoin

ITEX and IMS Both Post Decreases in Revenue

Tips and Tricks

One Way to Record Barter Transactions in Quickbooks

Barter to Renovate a Home

Barter as a Means to Collect Bad Debt

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