Both IMS and ITEX posted decreases in third quarter revenue over revenue generated in 2012 during that same period. ITEX reports an 8% drop in income, a 31% decrease in income from operations, and a 29% drop in net income. IMS reports a 5% drop in income, a whopping 60% drop in income from operations, […]
International Monetary Systems, Ltd. announced that it is executing a one-for-ten reverse stock split approved by shareholders at the annual meeting on May 7, 2013 to be effective on August 1, 2013. As a result, the company’s stock symbol will change from ITNM to ITNMD for the following twenty business days. After that, the symbol […]
International Monetary Systems today announced that it has released a new iPhone app in the iTunes App Store. Paul Woltman, International Monetary Systems’ IT manager, commented, “The IMS Barter Mobile app currently allows access to many of the IMS Barter web functions on your iPhone or iPod touch. Other mobile platforms will follow in the future. […]
IMS released their scheduled holiday shows for the upcoming season and we are pleased to share it with you: Saturday, October 15, 2011 - Chicago, IL Wednesday, October 26, 2011 - Hartford, CT Saturday, November 5, 2011 - Milwaukee, WI Wednesday, November 9, 2011 - Columbus, OH Thursday, November 10, 2011 - Rochester, NY Thursday, […]
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…)