I received a tip from IRTA and then a very interesting email from a Dennis Smith regarding Ormita and Daniel Evans recently. For my readers that don’t know Daniel or Ormita, they are an exchange claimed to have had explosive international growth in their few years of business. From what I know of Daniel, he’s […]
Finally a new internet barter startup that does a good job… Obviously I have reviewed some real stinkers here in recent weeks, but for a refreshing change, we finally have one that is doing something right. So right, in fact, that the California based TradeYa managed to acquire 1.1M in funding, mostly to help development […]
Barter exchanges that use Virtual Barter as their exchange management software now have a new tool to add to their line up: mobile apps for members. The mobile apps are branded with the exchange’s brand and made available in the Google Play store and the Apple App Store (coming soon). Members can post transactions, check […]
Full Disclosure: the owner of Barter News Weekly also owns Exchange Trainers. At the beginning of this year the Barter Exchange Trainers permanently reduced the pricing associated with their online trade exchange management courses. What used to cost upwards of $1500 for life time access now costs only $49 per course, and $250 for all […]
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…)