International Monetary Systems, Ltd. (OTCBB: ITNM), a worldwide leader in business-to-business barter services, today announced that it has entered into a definitive agreement to acquire certain assets of National Commercial Exchange of St. Louis, MO (NCE). As one of the oldest trade exchanges in North America, NCE is the leading barter network in the St. […]
The NATE Board is excited to announce that the 2011 NATE Convention will be held in Phoenix, AZ! The Convention will be held June 2 - June 5 at the Phoenix Marriott Mesa Hotel. The Phoenix Marriott Mesa Hotel & Convention Center is conveniently located just 15 minutes from Scottsdale and Phoenix Sky Harbor International […]
The NATE conference held an additional honor for Oshry as he was awarded the Distinguished Service award. Other honorees included Sharon Connelly, Exchange Enterprises (Connecticut);Maurya Lane, Barter Business Exchange (North Carolina); Rachel Taylor Hooper, Alamo Barter (Texas). “It’s quite an honor to be named president of NATE’s board of directors and to receive the Distinguished […]
The International Reciprocal Trade Association announced this year’s convention in Pittsburgh, PA from October 28th to October 20th at the Pittsburgh Hilton. The theme of the convention is “Modern Barter: Leading the Way to Global Economic Recovery”. According to the release, this year’s convention should be the biggest IRTA convention in over a decade and […]
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…)