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 […]
Last week, as part of my investigation in to Ormita, I requested a connection on LinkedIn with Giovanni Lo Faro, an employee of the Italian franchise of Ormita. After he had posted a comment on one of the stories, I wanted to reach out out to him for additional comments and to give him the […]
In a quick message posted to ormitatrading.com this morning, it is obvious that Daniel Evans intends on continuing his business. What system will be replacing their former custom solution, only time will tell. We will be watching the situation and report as soon as anything appears.
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…)