Dear Fellow IRTA Member, RE: False and Incorrect Blogs by Dennis Smith BPS Technology Limited (BPS) and its wholly owned subsidiaries Trade Exchange Software Services Pty Ltd (TESS) and Bartercard Group Pty Ltd (BCG) Over recent months our Group of companies has been the subject of a series of false and incorrect blogs written by […]
In recent days a number of sources have reached out to me with allegations that Richard Logie of GETS hired Dennis Smith to smear IRTA. His alleged motivation for doing so? The lucrative IRTA/UC software contract. According to these sources, Richard has been bragging about making a splash by shutting down UC before the IRTA […]
The barter industry has much to thank Dennis Smith for in the year 2014. He took down Ormita, a house of cards which perpetrated gross crimes across the world, after years of research and investigation. I personally talked to Dennis, at length, during that particular time, and I find him to be lucid, even if […]
Official release from IRTA: IRTA’s wholly owned subsidiary, Universal Currency Clearinghouse, Inc. (UC), has operated as a successful global inter-exchange clearinghouse platform for trade exchanges for seventeen years. UC was conceived as a strategic advancement in the industry that would allow barter companies to trade through a common currency thereby increasing the trade volume of […]
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…)