International Monetary Systems, Ltd. (OTCBB: ITNM), one of the worldwide leaders in business-to-business barter, announced that its series of barter expos, along with sales from its online marketplace, are providing a strong finish to 2009. Some highlights: The 14 barter expos and holiday gift shows generated more than $2.7 million in sales this year. The […]
Paul Garrett of IMS was interviewed, along with a number of IMS clients, for a barter expose in the New York Times over the weekend. Along with the normal explanations of barter currency and exchanges in general, the article highlights some member experiences with IMS like this… With trade dollars, she said, she has bought […]
In response to the throngs of crowds in shopping centers around the United States, the Houston Simplicity Network is sponsoring a barter and/or free shopping event called, “Buy Nothing Friday”. According to the press release, the event is free to the public. All that is required to participate can be contained in whatever you bring […]
In this week’s episode of the Barter News Weekly we announce Christmas Trade Fairs, and talk about Inc Magazine and a contest they are holding.
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…)