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 […]
You Can’t Fool the Government All the Time
In San Francisco, a former publisher was sentenced to five months in prison in a tax fraud case. The publisher had failed to report barter related transactions, even though those transactions were being reported to the IRS… Green failed to report at least $400,000 in income, including income from bartering - an exchange of goods […]