OrmitaTrading.com currently hosts a logo and a message. We are unveiling our exciting new system in 48 hours. Please stay tuned! Forty-eight hours have come and gone. The new software has not appeared, the exchange has not been put back together. Daniel Evans, other than publishing a press release targeting Dennis Smith personally, has not surfaced. We continue […]
Dennis Smith, author of the Ormita Report, continues to publish and put pressure on Ormita and Daniel Evans. In a recent post on theormitareport.com he explains the long term plan for pressuring and prosecuting, where possible, any fraudulent behavior. In one section, he describes the criminal complaints he and other are entering in to in […]
Dennis Smith is a man on a mission. And that mission isn’t likely to be over until he sees Daniel Evans broke, busted, and/or jailed. According to theormitareport.com Dennis, while appreciative of the efforts of David Polo to disable Ormita’s software and effectively cripple the organization by making it unable to process transactions, the job of […]
After the Ormita software went down, effectively crippling the organization in all respects, for the short term at least, I reached out to Dennis Smith, author of the Ormita Report, to get his take on the latest turn of events and to find out what he anticipates for the future. Seems like the horse is […]
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…)