HE-5 Resources announced the release of a customer relationship management service attached to their barter company. Named Prodigy, the software handles traditional CRM functions, accounting, and directly interfaces with the Trading Barter Bank software. TBB PRODIGE is one of the Exclusive “Trading Barter Bank” Proprietary Intellectual Properties. The Company acquired the complete software solution and […]
HE-5 Resources Corp, a somewhat enigmatic company with a history of mining operations in Nevada among other endeavors, has officially changed its name to “Trading Barter Bank”. In a press release by the company, Rick DesOrmeaux explains, “We feel that this will permit us to have a stronger New Corporate Signature that will be more […]
In another weekly press release from HE-5 Resources Corp, the company finally manages to say something concrete and real. The company is finally rolling out products related to barter: We have now begun the final sequence to become operational and building revenues in our new business endeavor the “Trading Barter Bank”. The sequence was initiated […]
HE-5 Resources Corp. announced today that they are incorporating a television network, tbbn.tv, which is intended to give extra transparency to the initiatives that HE-5 is taking. The President and COO of the company, Rick DesOrmeaux, is quoted as saying, “Our shareholders need to understand the business model and see our dynamic and interactive approach. […]
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…)