Although I reached out to Tradebank prior to publication of my recent article about alleged problems at Tradebank, I didn’t receive any kind of reply until this morning, and not from them directly, but from their lawyers. It seems my sources were wrong about some of the problems Tradebank may or may not be experiencing. […]
According to a credible source, there are deep problems brewing at Tradebank International. It is being reported that Tradebank lost a significant lawsuit in Georgia court against a former franchisee, a franchisee who had left and started their own barter exchange. A loss of that kind in court would make it very difficult to enforce […]
According to documents acquired at the Orange County court in Florida, Todd Gerry, the SVP of Marketing for Tradebank International, has been cleared from the felony theft charge we reported on earlier this year. In a statement given to BNW today, Mr. Gerry said, “I was confident that the charges would be dropped once the […]
In what seems to be an internal struggle turned ugly, Todd Gerry, SVP of Marketing at Tradebank and President of Tradebank International Franchising, has been arrested in Orange County, Florida on charges of 3rd degree Grand Theft. I have reached out to Tradebank for comment and received no response. In a video posted on YouTube, […]
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…)