Owner of Sails Restaurant in Sydney’s Lavender Bay has turned to Barter Trade Dollars as a new way to incentivise and keep his staff in the aftermath of the global economic slowdown. Sails Restaurant Owner Greg Anderson bought the Restaurant in 2008 before the explosion of the GFC and says it’s been tricky balancing the […]
Late last year we reported on a food exchange program in Scotland by a restaurant called Cookie. The essence of the program was to trade locally grown fruits and vegetables for the finished product in the restaurant. We are pleased to report that this program has been extended indefinitely. According to Allmediascotland.com, Cookie co-owner, Domenico […]
Cookie, a deli and shop in Glasgow, Scotland is now accepting spring produce in exchange for prepared food. Similar to other barter-restaurant scenarios we have reported on in the past, locals can bring in organic or locally grown produce and the restaurant will give a store credit on barter. There are some differences… Cookie co-owner, […]
As reported in the L.A. Times, a new restaurant called Forage opened its doors with a fresh approach to the lack of cash in the community. The system works when locals bring in any of their home-grown produce in exchange for meals. Central to the restaurant’s concept is its “foraging program,” through which Bacon 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…)