The hOur Community Timebank launched February 1st at the Marathon County Public Library in Wausau. An individual account is $12 per year, a business account $36. There are 35 accounts already created by locals and they hope to expand regionally. If you are in the area and want to participate, check out www.hourcommunity.timebanks.org
Timebanking, a sort of half-sister to the barter industry, has seen steady growth in recent times. From recent headlines… …The Time Bank of Thrive Lake County has opened a “Social Capital Fund” which allows members to contribute their earned hours which are then used to help members of the community that may suffer from physical, […]
On October 29th at 7:00PM the West Milford Civic Club is holding a meeting about wetting up and running the Time Bank of West Milford. Anyone interested in learning about the process and the Time Bank project is invited by the West Milford Civic Club to attend their informational meeting at 7 p.m. on Oct. […]
There’s a new timebank serving Washington county New York: Battenkill Time Traders. “At its most basic level, Time banking is simply about spending an hour doing something for somebody in your community. That hour goes into the Time Bank as a Time Dollar. Then you have a Time dollar to spend on having someone doing […]
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…)