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 […]
IRTA Issues New Advisory Memo on Exchange Deficits
On March 28th, 2012 The IRTA Global Board of Directors approved a new comprehensive advisory memo titled “Guidelines & Recommendations for Barter Exchange Deficits.” The advisory memo explains how properly managed exchange deficits that fall within IRTA recommended guidelines can increase trade volume by “providing the right level of money supply sufficient to allow members […]