Ever since I read Ron Paul’s call to competitive currencies, I’ve pondered the role of barter, and then community currencies, in bringing to pass the vision outlined. Yes, I like Ron Paul’s politics. Yes, I lean libertarian on just about every issue. Yes, I also think sometimes he comes off as your crazy uncle. I […]
The Mabel Business Association announced that they are reintroducing Mabel Dollars into circulation. After a period of increased business interest in the local currency, the association beefed up the number of businesses accepting the currency and put it back on the market. The new Mabel Dollars became available this past Tuesday at four locations in […]
The besieged motor city has faced terrible times for a while now. Industry leaving. Residents fleeing. Bears. Yeah, bears. In an attempt to help the local community make up cash shortages, Detroit is considering printing its own community currency. The Bucharest Grill, Park Bar, and Motor City Pub in downtown Detroit have done prototypes that […]
According to a recent report, the Crystal Palace Chamber of Commerce held a meeting recently to discuss issuing a community currency, the “Palace Pound”. With other similar currencies having been launched in neighboring Brixton, Totnes and Lewes, Crystal Palace is interested in keeping more commerce in the local area and increasing the strength of the local […]
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…)