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 […]
NexTrade360, one of the handful of barter software providers, announced the next release of their proprietary software. The update includes new referral and marketing tools, revamped reporting suite and many brokering and accounting tools that were not previously available to exchange owners. The new version is available as a monthly lease and license purchase. All […]
Bartercard’s new mobile technology has received industry recognition after the company was presented with three major awards for its latest mobile application for its tech-savvy members. The user-friendly app enables members to take care of all of their Bartercard needs through one easy mobile platform simply by logging in with their existing username and password […]
ITEX is splashing in to the world of software with their Virtual Currency System. No doubt, they want to appeal to entrepreneurs looking to start a barter exchange or virtual currency like bitcoin that don’t want to buy a franchise. It’s probably a smart idea too. Probably. So far they’ve announced they’re now accepting Bitcoin […]
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…)